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FPEI vs FCEF

First Trust Institutional Preferred Securities and Income ETF vs First Trust Income Opportunity ETF

FPEI

First Trust Institutional Preferred Securities and Income ETF

First Trust

Annual cost

0.85%

Fund size

$1.9B

FCEF

First Trust Income Opportunity ETF

First Trust

Annual cost

3.69%

Fund size

$75M

Key differences

  • FPEI costs 2.84% less per year.
  • FPEI is significantly larger than FCEF — larger funds tend to be more liquid and less likely to close.
  • FPEI is classified as equity, while FCEF is mixed asset — different risk/return profiles.
  • Over the last 3 years, FCEF has delivered higher annualized returns.

Side-by-side comparison

FPEIFCEF
Annual cost (TER)0.85%3.69%
Fund size (AUM)$1.9B$75M
Since20172016
Dividend yield5.69%6.24%
Asset classequitymixed asset
Region
Strategyactive selectionactive selection
CAGR 1Y+9.6%+18.7%
CAGR 3Y+11.2%+16.1%
CAGR 5Y+4.2%+6.5%
Sharpe 3Y1.731.19
Volatility 1Y3.74%7.84%
Max drawdown-27.51%-44.81%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FPEI and FCEF