FPEvsFPEIETF Comparison
VS
ETF 2
FPEI
First Trust Institutional Preferred Securities and Income ETF
This fund is part of
Multi-Asset: Other
-0.01%
First Trust Preferred Securities and Income ETF (FPE) and First Trust Institutional Preferred Securities and Income ETF (FPEI) belong to the same industry segment: Multi-Asset: Other. FPE's top 3 sector exposures are Finance, Utilities and Telecommunications. In contrast, FPEI's top sector exposures are Finance, Utilities and Energy. FPE is less expensive with a Total Expense Ratio (TER) of 0.83%, versus 0.85% for FPEI. FPE is up 1.37% year-to-date (YTD) with +$108M in YTD flows. FPEI performs better with 2.67% YTD performance, and +$140M in YTD flows. Run a side-by-side ETF comparison of FPE and FPEI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FPE vs FPEI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FPE FPEI | -1.13%-1.07% | -0.94%-0.40% | +1.37%+2.67% | +2.34%+4.46% | +28.82%+27.50% | +10.57%+16.08% |
| Flows | FPE FPEI | -$24M-$10M | +$23M+$60M | +$108M+$140M | +$268M+$256M | +$556M+$741M | -$63M+$1.49B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FPE FPEI | +2.81%+2.41% | +2.96%+2.62% | +3.44%+2.93% | +5.38%+4.57% |
| Max drawdown | FPE FPEI | -2.15%-1.68% | -3.19%-2.83% | -4.02%-3.75% | -21.37%-16.75% |
| Max drawdown duration | FPE FPEI | 60d39d | 74d52d | 92d67d | 1090d1026d |
Trading data
FPE | FPEI | |
Last sale 9/18/2026 at 1:30 PM | $17.49 | $18.83 |
| Previous close 09/17/2026 | $17.53 | $18.87 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
FPE | FPEI | |
|---|---|---|
| Last price | $17.49 | $18.83 |
| 1D performance | -0.23% | -0.21% |
| AuM | $6.22 B | $1.92 B |
| E/R | 0.83% | 0.85% |
Characteristics
FPE | FPEI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | First Trust |
| Benchmark | - | - |
| N° of holdings | 284 | 130 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 11, 2013 | August 22, 2017 |
| ESG | No | No |
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Exposure
Countries
FPE
USA
46.23%
Canada
9.8%
Other
43.97%
FPEI
USA
34.89%
Canada
13.54%
Other
51.57%
Sectors
FPE
Finance
58.7%
Utilities
14.55%
Other
26.75%
FPEI
Finance
57.65%
Utilities
14.14%
Other
28.21%
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Diversification
FPE
Total weight of top 15 holdings out of 15
17.92%
FPEI
Total weight of top 15 holdings out of 15
20.96%
Top 15 holdings
Data as of July 31, 2026
FPE
Wells Fargo & Co.
1.94%
Barclays, 8% perp., USD
1.67%
NextEra Energy Capital Holdings, 6.5% 1jun2085, USD (U)
1.31%
Credit Agricole SA, 7.125% perp., USD
1.22%
Xcel Energy, 6.25% 15oct2085, USD
1.21%
JP Morgan, 6.875% perp., USD (NN)
1.21%
Hartford Financial Services, FRN 12feb2067, USD
1.11%
Charles Schwab, 4% perp., USD (H)
1.09%
Corebridge Financial, 6.375% 15dec2064, USD
1.06%
Goldman Sachs, 7.5% perp., USD (X)
1.06%
American AgCredit ACA, 5.25% perp., USD (A)
1.03%
T-Mobile USA, 5.5% 1mar2070, USD
1.02%
Bank of Montreal, 7.7% 26may2084, USD
1.02%
Enstar Group Ltd.
0.99%
DTE Energy, 6.25% 1oct2085, USD (2025 H)
0.97%
FPEI
Credit Agricole SA, 7.125% perp., USD
2.03%
ING Groep, 7% perp., USD
1.73%
Banco Bilbao (BBVA), 7.75% perp., USD
1.64%
Enbridge, 8.5% 15jan2084, USD (2023-B)
1.52%
Banco Santander, 9.625% perp., USD
1.47%
Charles Schwab, 4% perp., USD (H)
1.46%
Bank of Montreal, 7.7% 26may2084, USD
1.41%
BNP Paribas, 8.5% perp., USD
1.28%
Commerzbank, 7.5% perp., USD
1.26%
HSBC Holdings plc, 6.95% perp., USD
1.23%
CIBC, 7% 28oct2085, USD
1.23%
Wells Fargo, 6.85% perp., USD (FF)
1.21%
Hartford Financial Services, FRN 12feb2067, USD
1.19%
JP Morgan, 6.875% perp., USD (NN)
1.19%
Bell Canada, 7% 15sep2055, USD (B)
1.11%
Frequently asked questions about FPE and FPEI
How have the FPE and FPEI ETFs performed in 2026?
As of September 17, 2026, FPE is up 1.37% year-to-date (YTD), while FPEI has returned 2.67%. That puts FPEI better performer ahead so far this year.
Which ETF is attracting more investor money: FPE or FPEI?
Year-to-date, the FPE ETF saw +$108M in flows, compared to +$140M for FPEI.
Which ETF is more volatile: FPE or FPEI?
Over the past year, FPE had a volatility of 2.96%, while FPEI experienced 2.62%.
Which ETF is bigger: FPE or FPEI?
As of September 17, 2026, FPE holds $6.22 B in assets under management (AUM), while FPEI manages $1.92 B.
What sectors do the FPE and FPEI ETFs invest in?
FPE leans toward sectors like Finance and Utilities. Meanwhile, FPEI focuses on Finance and Utilities.
What are the top holdings of the FPE ETF and FPEI ETF?
FPE top holdings include Wells Fargo & Co., Barclays, 8% perp., USD and NextEra Energy Capital Holdings, 6.5% 1jun2085, USD (U). FPEI holds in its top three: Credit Agricole SA, 7.125% perp., USD, ING Groep, 7% perp., USD and Banco Bilbao (BBVA), 7.75% perp., USD.
Which ETF is more diversified: FPE or FPEI?
FPE holds 396 securities with 17.92% of its assets in the top 15. FPEI has 133 securities and a top 15 weight of 20.96%.
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Latest news about FPE & FPEI
Benefits of diversification in a recessionary environment
September 27, 2022
FPE
Multi-Asset Class ETFs – minimize the stress of asset allocation
June 10, 2022
FPEI
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