FPEIvsPFFETF Comparison
ETF 1
FPEI
First Trust Institutional Preferred Securities and Income ETF
This fund is part of
Multi-Asset: Other
-0.14%
VS
First Trust Institutional Preferred Securities and Income ETF (FPEI) and iShares Preferred and Income Securities ETF (PFF) belong to the same industry segment: Multi-Asset: Other. FPEI's top 3 sector exposures are Finance, Utilities and Energy. In contrast, PFF's top sector exposures are Finance, Technology and Utilities. FPEI is more expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.45% for PFF. FPEI is up 1.43% year-to-date (YTD) with +$125M in YTD flows. PFF performs worse with -3.71% YTD performance, and -$1.30B in YTD flows. Run a side-by-side ETF comparison of FPEI and PFF 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 PFF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FPEI PFF | +0.34%-2.27% | -1.78%-3.52% | +1.43%-3.71% | +1.79%-4.09% | +29.84%+21.09% | +15.36%-2.00% |
| Flows | FPEI PFF | -$2M-$229M | -$6M-$704M | +$125M-$1.30B | +$167M-$1.64B | +$710M-$178M | +$1.42B-$3.54B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FPEI PFF | +2.82%+7.47% | +2.74%+6.75% | +2.91%+7.64% | +4.58%+9.56% |
| Max drawdown | FPEI PFF | -3.24%-6.21% | -3.24%-7.31% | -3.75%-10.45% | -16.50%-20.84% |
| Max drawdown duration | FPEI PFF | 81d77d | 81d172d | 67d323d | 974d992d |
Trading data
FPEI | PFF | |
Last sale 10/30/2026 at 1:30 PM | $18.48 | $28.47 |
| Previous close 10/29/2026 | $18.48 | $28.70 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 31, 2026
1-year trailing difference
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FPEI
is actively managed and doesn’t replicate an indexFPEI | PFF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
FPEI | PFF | |
|---|---|---|
| Last price | $18.48 | $28.47 |
| 1D performance | +0.00% | -0.80% |
| AuM | $1.86 B | $11.77 B |
| E/R | 0.85% | 0.45% |
Characteristics
FPEI | PFF | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Trust | iShares |
| Benchmark | - | ICE Exchange-Listed Preferred & Hybrid Securities Index |
| N° of holdings | 129 | 279 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 22, 2017 | March 26, 2007 |
| ESG | No | No |
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Exposure
Countries
FPEI
USA
34.21%
Canada
12.9%
United Kingdom
7.18%
Other
45.71%
PFF
USA
96.35%
Other
3.65%
Sectors
FPEI
Finance
56.68%
Utilities
14.3%
Other
29.02%
PFF
Finance
62.84%
Technology
12.98%
Utilities
10.12%
Other
14.05%
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Diversification
FPEI
Total weight of top 15 holdings out of 15
21.09%
PFF
Total weight of top 15 holdings out of 15
28.43%
Top 15 holdings
Data as of September 30, 2026
FPEI
Credit Agricole SA, 7.125% perp., USD
2.01%
ING Groep, 7% perp., USD
1.75%
Banco Bilbao (BBVA), 7.75% perp., USD
1.65%
Enbridge, 8.5% 15jan2084, USD (2023-B)
1.54%
Charles Schwab, 4% perp., USD (H)
1.49%
Banco Santander, 9.625% perp., USD
1.48%
Bank of Montreal, 7.7% 26may2084, USD
1.45%
BNP Paribas, 8.5% perp., USD
1.31%
Commerzbank, 7.5% perp., USD
1.29%
CIBC, 7% 28oct2085, USD
1.26%
JP Morgan, 6.875% perp., USD (NN)
1.23%
HSBC Holdings plc, 6.95% perp., USD
1.23%
Wells Fargo, 6.85% perp., USD (FF)
1.17%
Bell Canada, 7% 15sep2055, USD (B)
1.12%
Barclays, 8% perp., USD
1.11%
PFF
Strategy, Inc.
3.44%
The Boeing Co.
3.36%
Super Micro Computer, Inc.
2.54%
Hewlett Packard Enterprise Co.
2.42%
Alphabet, Inc.
2.39%
Alphabet, Inc.
2.31%
Oracle Corp.
2.18%
Wells Fargo & Co.
2.12%
Bank of America Corp.
1.45%
Citigroup, 7.875% 30oct2040, USD
1.17%
KKR & Co., Inc.
1.07%
Albemarle Corp.
1.04%
BlackRock Cash Funds - Treasury
0.98%
NextEra Energy, 7.375% 15feb2029, USD (Conv.)
0.98%
Microchip Technology, Inc.
0.98%
Frequently asked questions about FPEI and PFF
How have the FPEI and PFF ETFs performed in 2026?
As of October 29, 2026, FPEI is up 1.43% year-to-date (YTD), while PFF has lost -3.71%. That puts FPEI better performer ahead so far this year.
Which ETF is attracting more investor money: FPEI or PFF?
Year-to-date, the FPEI ETF saw +$125M in flows, compared to -$1.30B for PFF.
Which ETF is more volatile: FPEI or PFF?
Over the past year, FPEI had a volatility of 2.74%, while PFF experienced 6.75%.
Which ETF is bigger: FPEI or PFF?
As of October 29, 2026, FPEI holds $1.86 B in assets under management (AUM), while PFF manages $11.77 B.
What sectors do the FPEI and PFF ETFs invest in?
FPEI leans toward sectors like Finance and Utilities. Meanwhile, PFF focuses on Finance, Technology and Utilities.
What are the top holdings of the FPEI ETF and PFF 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. PFF holds in its top three: Strategy, Inc., The Boeing Co. and Super Micro Computer, Inc..
Which ETF is more diversified: FPEI or PFF?
FPEI holds 137 securities with 21.09% of its assets in the top 15. PFF has 458 securities and a top 15 weight of 28.43%.
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