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FPEI vs PGX

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

FPEI

First Trust Institutional Preferred Securities and Income ETF

First Trust

Annual cost

0.85%

Fund size

$1.9B

PGX

Invesco Preferred ETF

Invesco

Annual cost

0.50%

Fund size

$3.9B

Key differences

  • PGX costs 0.35% less per year.
  • FPEI is classified as equity, while PGX is fixed income — different risk/return profiles.
  • FPEI follows a active selection strategy; PGX uses index tracking.
  • Over the last 3 years, FPEI has delivered higher annualized returns.
  • PGX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FPEIPGX
Annual cost (TER)0.85%0.50%
Fund size (AUM)$1.9B$3.9B
Since20172008
Dividend yield5.69%6.16%
Asset classequityfixed income
Regionnorth america
Strategyactive selectionindex tracking
CAGR 1Y+9.6%+7.2%
CAGR 3Y+11.2%+5.8%
CAGR 5Y+4.2%-0.4%
Sharpe 3Y1.730.28
Volatility 1Y3.74%6.15%
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.

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