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FTSM vs FPEI

First Trust Enhanced Short Maturity ETF vs First Trust Institutional Preferred Securities and Income ETF

FTSM

First Trust Enhanced Short Maturity ETF

First Trust

Annual cost

0.29%

Fund size

$6.4B

FPEI

First Trust Institutional Preferred Securities and Income ETF

First Trust

Annual cost

0.85%

Fund size

$1.9B

Key differences

  • FTSM costs 0.56% less per year.
  • FTSM is significantly larger than FPEI — larger funds tend to be more liquid and less likely to close.
  • FTSM is classified as fixed income, while FPEI is equity — different risk/return profiles.
  • FTSM follows a index tracking strategy; FPEI uses active selection.
  • Over the last 3 years, FPEI has delivered higher annualized returns.

Side-by-side comparison

FTSMFPEI
Annual cost (TER)0.29%0.85%
Fund size (AUM)$6.4B$1.9B
Since20142017
Dividend yield4.20%5.69%
Asset classfixed incomeequity
Regionnorth america
Strategyindex trackingactive selection
CAGR 1Y+4.3%+9.6%
CAGR 3Y+4.9%+11.2%
CAGR 5Y+3.5%+4.2%
Sharpe 3Y2.511.73
Volatility 1Y0.48%3.74%
Max drawdown-4.12%-27.51%

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

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