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HISF vs FPEI

First Trust High Income Strategic Focus ETF vs First Trust Institutional Preferred Securities and Income ETF

HISF

First Trust High Income Strategic Focus ETF

First Trust

Annual cost

0.83%

Fund size

$91M

FPEI

First Trust Institutional Preferred Securities and Income ETF

First Trust

Annual cost

0.85%

Fund size

$1.9B

Key differences

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

Side-by-side comparison

HISFFPEI
Annual cost (TER)0.83%0.85%
Fund size (AUM)$91M$1.9B
Since20142017
Dividend yield4.94%5.69%
Asset classfixed incomeequity
Regionnorth america
Strategyindex trackingactive selection
CAGR 1Y+6.2%+10.0%
CAGR 3Y+5.0%+11.2%
CAGR 5Y+1.9%+4.4%
Sharpe 3Y0.331.73
Volatility 1Y3.36%3.76%
Max drawdown-27.86%-27.51%

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

Similar to HISF and FPEI