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PREF vs FPEI

Principal Spectrum Preferred Securities Active ETF vs First Trust Institutional Preferred Securities and Income ETF

PREF

Principal Spectrum Preferred Securities Active ETF

Annual cost

0.55%

Fund size

$1.5B

FPEI

First Trust Institutional Preferred Securities and Income ETF

Annual cost

0.85%

Fund size

$1.9B

Key differences

  • PREF costs 0.30% less per year.
  • PREF is classified as fixed income, while FPEI is equity — different risk/return profiles.
  • Over the last 3 years, FPEI has delivered higher annualized returns.

Side-by-side comparison

PREFFPEI
Annual cost (TER)0.55%0.85%
Fund size (AUM)$1.5B$1.9B
Since20172017
Dividend yield5.03%5.69%
Asset classfixed incomeequity
Regionglobal
Strategyactive selectionactive selection
CAGR 1Y+7.0%+9.4%
CAGR 3Y+9.8%+11.2%
CAGR 5Y+3.2%+4.4%
Sharpe 3Y1.631.73
Volatility 1Y3.08%3.70%
Max drawdown-22.99%-27.51%

Similar to PREF and FPEI