Skip to content
Beacon
Screener

FPEI vs PFF

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

FPEI

First Trust Institutional Preferred Securities and Income ETF

First Trust

Annual cost

0.85%

Fund size

$1.9B

PFF

iShares Preferred and Income Securities ETF

iShares

Annual cost

0.45%

Fund size

$13.9B

Key differences

  • PFF costs 0.40% less per year.
  • PFF is significantly larger than FPEI — larger funds tend to be more liquid and less likely to close.
  • FPEI is classified as equity, while PFF is fixed income — different risk/return profiles.
  • FPEI follows a active selection strategy; PFF uses index tracking.
  • Over the last 3 years, FPEI has delivered higher annualized returns.
  • PFF has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FPEIPFF
Annual cost (TER)0.85%0.45%
Fund size (AUM)$1.9B$13.9B
Since20172007
Dividend yield5.69%5.65%
Asset classequityfixed income
Regionnorth america
Strategyactive selectionindex tracking
CAGR 1Y+9.6%+10.2%
CAGR 3Y+11.2%+7.8%
CAGR 5Y+4.2%+1.8%
Sharpe 3Y1.730.51
Volatility 1Y3.74%6.79%
Max drawdown-27.51%-34.10%

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

Similar to FPEI and PFF