FPEIvsHYLSETF Comparison
ETF 1
FPEI
First Trust Institutional Preferred Securities and Income ETF
This fund is part of
Multi-Asset: Other
-0.06%
VS
First Trust Institutional Preferred Securities and Income ETF (FPEI) belongs to the Multi-Asset: Other segment. First Trust Tactical High Yield ETF (HYLS) is part of the Alternatives segment. FPEI's top 3 sector exposures are Finance, Utilities and Energy. In contrast, HYLS's top sector exposures are Finance, Business Services and Consumer Services. FPEI is more expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.69% for HYLS. FPEI is up 2.35% year-to-date (YTD) with +$148M in YTD flows. HYLS performs worse with 2.15% YTD performance, and -$92M in YTD flows. Run a side-by-side ETF comparison of FPEI and HYLS 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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FPEI vs HYLS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FPEI HYLS | -1.48%-1.43% | -0.72%-0.23% | +2.35%+2.15% | +4.25%+2.90% | +27.17%+17.52% | +15.78%+9.53% |
| Flows | FPEI HYLS | -$3M-$6M | +$69M-$12M | +$148M-$92M | +$267M+$6M | +$749M+$112M | +$1.51B-$337M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FPEI HYLS | +2.36%+2.51% | +2.61%+2.92% | +2.93%+3.64% | +4.57%+5.17% |
| Max drawdown | FPEI HYLS | -1.59%-1.43% | -2.83%-2.22% | -3.75%-3.70% | -16.75%-16.13% |
| Max drawdown duration | FPEI HYLS | 36d29d | 52d84d | 67d60d | 1026d1066d |
Trading data
FPEI | HYLS | |
Last sale 9/16/2026 at 1:30 PM | $18.80 | $40.14 |
| Previous close 09/15/2026 | $18.78 | $40.10 |
| Consolidated volume 09/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/16/2026 at 1:30 PM
Live
Closed
FPEI | HYLS | |
|---|---|---|
| Last price | $18.80 | $40.14 |
| 1D performance | +0.11% | +0.10% |
| AuM | $1.92 B | $1.61 B |
| E/R | 0.85% | 0.69% |
Characteristics
FPEI | HYLS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | First Trust |
| Benchmark | - | - |
| N° of holdings | 130 | 246 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 22, 2017 | February 25, 2013 |
| ESG | No | No |
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Exposure
Countries
FPEI
USA
34.89%
Canada
13.54%
Other
51.57%
HYLS
USA
71.69%
Other
28.31%
Sectors
FPEI
Finance
57.65%
Utilities
14.14%
Other
28.21%
HYLS
Finance
18.7%
Business Services
12.92%
Consumer Services
9.91%
Industrials
9.02%
Other
49.45%
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Diversification
FPEI
Total weight of top 15 holdings out of 15
20.96%
HYLS
Total weight of top 15 holdings out of 15
15.63%
Top 15 holdings
Data as of July 31, 2026
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%
CIBC, 7% 28oct2085, USD
1.23%
HSBC Holdings plc, 6.95% perp., 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%
HYLS
Rocket Companies, 6.375% 1aug2033, USD
1.55%
1011778 B.C., 4% 15oct2030, USD
1.47%
United Rentals (North America), 6% 15dec2029, USD
1.27%
Quikrete Holdings, 6.75% 1mar2033, USD
1.08%
Fair Isaac, 6% 15may2033, USD
1.07%
Cloud Software Group, 9% 30sep2029, USD
1.04%
Viking Ocean Cruises Ship VII, 5.625% 15feb2029, USD
1.03%
Builders FirstSource, 6.75% 15may2035, USD
1.02%
EchoStar, 10.75% 30nov2029, USD
1.00%
TransDigm, 6.375% 31may2033, USD
0.93%
Shift4 Payments, 6.75% 15aug2032, USD
0.91%
Alliant Holdings Intermediate, 6.75% 15apr2028, USD
0.90%
Venture Global LNG, 7.75% 1may2035, USD
0.82%
Raven Acquisition Holdings, 6.875% 15nov2031, USD
0.77%
Neptune BidCo US, 9.29% 15apr2029, USD
0.77%
Frequently asked questions about FPEI and HYLS
How have the FPEI and HYLS ETFs performed in 2026?
As of September 14, 2026, FPEI is up 2.35% year-to-date (YTD), while HYLS has returned 2.15%. That puts FPEI better performer ahead so far this year.
Which ETF is attracting more investor money: FPEI or HYLS?
Year-to-date, the FPEI ETF saw +$148M in flows, compared to -$92M for HYLS.
Which ETF is more volatile: FPEI or HYLS?
Over the past year, FPEI had a volatility of 2.61%, while HYLS experienced 2.92%.
Which ETF is bigger: FPEI or HYLS?
As of September 14, 2026, FPEI holds $1.92 B in assets under management (AUM), while HYLS manages $1.61 B.
What sectors do the FPEI and HYLS ETFs invest in?
FPEI leans toward sectors like Finance and Utilities. Meanwhile, HYLS focuses on Finance, Business Services and Consumer Services.
What are the top holdings of the FPEI ETF and HYLS ETF?
FPEI top holdings include Credit Agricole SA, 7.125% perp., USD, ING Groep, 7% perp., USD and Banco Bilbao (BBVA), 7.75% perp., USD. HYLS holds in its top three: Rocket Companies, 6.375% 1aug2033, USD, 1011778 B.C., 4% 15oct2030, USD and United Rentals (North America), 6% 15dec2029, USD.
Which ETF is more diversified: FPEI or HYLS?
FPEI holds 133 securities with 20.96% of its assets in the top 15. HYLS has 247 securities and a top 15 weight of 15.63%.
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Latest news about FPEI & HYLS
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