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FPEI vs FPE

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

FPEI

First Trust Institutional Preferred Securities and Income ETF

First Trust

Annual cost

0.85%

Fund size

$1.9B

FPE

First Trust Preferred Securities and Income ETF

First Trust

Annual cost

0.83%

Fund size

$6.4B

Key differences

  • FPE is significantly larger than FPEI — larger funds tend to be more liquid and less likely to close.
  • FPEI is classified as equity, while FPE is fixed income — different risk/return profiles.
  • FPEI follows a active selection strategy; FPE uses index tracking.

Side-by-side comparison

FPEIFPE
Annual cost (TER)0.85%0.83%
Fund size (AUM)$1.9B$6.4B
Since20172013
Dividend yield5.69%5.83%
Asset classequityfixed income
Regionnorth america
Strategyactive selectionindex tracking
CAGR 1Y+9.6%+9.3%
CAGR 3Y+11.2%+11.0%
CAGR 5Y+4.2%+3.2%
Sharpe 3Y1.731.43
Volatility 1Y3.74%3.90%
Max drawdown-27.51%-33.35%

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

Similar to FPEI and FPE