FPFDvsPREFETF Comparison
VS
ETF 2
PREF
Principal Spectrum Preferred Securities Active ETF
Fidelity Preferred Securities & Income ETF (FPFD) belongs to the Multi-Asset: Other segment. Principal Spectrum Preferred Securities Active ETF (PREF) is part of the segment. Both ETFs have the same top 3 sector exposures: Finance, Utilities and Energy. FPFD is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.55% for PREF. FPFD is down -1.72% year-to-date (YTD) with +$3M in YTD flows. PREF performs better with 0.42% YTD performance, and +$613M in YTD flows. Run a side-by-side ETF comparison of FPFD and PREF 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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FPFD vs PREF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FPFD PREF | -1.66%-0.79% | -2.81%-1.67% | -1.72%+0.42% | -1.38%+1.75% | +23.19%+29.66% | +4.74%+13.73% |
| Flows | FPFD PREF | -$2M+$109M | -$3M+$237M | +$3M+$613M | +$10M+$688M | +$45M+$1.31B | +$77M+$1.57B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FPFD PREF | +3.18%+2.29% | +2.76%+2.07% | +3.52%+2.30% | +5.22%+3.91% |
| Max drawdown | FPFD PREF | -3.24%-2.29% | -3.85%-2.42% | -4.91%-2.58% | -19.98%-16.09% |
| Max drawdown duration | FPFD PREF | 88d50d | 233d102d | 257d37d | 1031d973d |
Trading data
FPFD | PREF | |
Last sale 10/19/2026 at 1:30 PM | $20.49 | $18.31 |
| Previous close 10/16/2026 | $20.54 | $18.34 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
FPFD | PREF | |
|---|---|---|
| Last price | $20.49 | $18.31 |
| 1D performance | -0.26% | -0.16% |
| AuM | $74.94 M | $1.96 B |
| E/R | 0.59% | 0.55% |
Characteristics
FPFD | PREF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Fidelity | Principal Global Investors |
| Benchmark | - | - |
| N° of holdings | 259 | 158 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 15, 2021 | July 10, 2017 |
| ESG | No | No |
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Exposure
Countries
FPFD
USA
76.91%
Other
23.09%
PREF
USA
61.95%
Canada
23.22%
Other
14.83%
Sectors
FPFD
Finance
54.42%
Utilities
15.97%
Energy
13.44%
Other
16.17%
PREF
Finance
63.49%
Utilities
16.88%
Energy
10.68%
Other
8.95%
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Diversification
FPFD
Total weight of top 15 holdings out of 15
23.86%
PREF
Total weight of top 15 holdings out of 15
26.89%
Top 15 holdings
Data as of August 31, 2026
FPFD
Energy Transfer, 6.625% perp., USD (B)
4.57%
US31635A1051
2.88%
Enbridge, 8.5% 15jan2084, USD (2023-B)
2.23%
Energy Transfer, 6.55% 15jan2057, USD (2026A)
1.52%
Goldman Sachs, 4.125% perp., USD (V)
1.38%
Southern Co., 4.2% 15oct2060, USD (2020C)
1.34%
Morgan Stanley
1.26%
JP Morgan, 4% perp., USD (II)
1.26%
BNP Paribas, 6.875% perp., USD
1.18%
PNC Financial Services Group, 3.4% perp., USD (T)
1.18%
Strategy, Inc.
1.04%
Citigroup, 6.75% perp., USD (EE)
1.02%
U.S. Bancorp, 3.7% perp., USD (N)
1.01%
US95002YAG89
1.01%
Sunoco LP, 7.875% perp., USD (A)
0.98%
PREF
Bank of America Corp.
2.77%
Enbridge, 8.5% 15jan2084, USD (2023-B)
2.33%
Metlife, 5.85% 15mar2056, USD
2.22%
Toronto-Dominion Bank, 8.125% 31oct2082, USD (3)
1.97%
PNC Financial Services Group, 6.25% perp., USD (W)
1.87%
JP Morgan, 6.5% perp., USD (OO)
1.83%
US808513CM57
1.76%
Bank of Nova Scotia, 8.625% 27oct2082, USD (4)
1.71%
M&T Bank, 3.5% perp., USD (I)
1.60%
Bank of America Corporation, 6.625% perp., USD (OO)
1.60%
Wells Fargo, 6.85% perp., USD (FF)
1.50%
Huntington Bancshares, 6.25% perp., USD (K)
1.48%
Metlife, 9.25% 8apr2068, USD
1.47%
Truist Financial, 6.25% perp., USD (S)
1.40%
Prudential Financial, 3.7% 1oct2050, USD
1.38%
Frequently asked questions about FPFD and PREF
How have the FPFD and PREF ETFs performed in 2026?
As of October 16, 2026, FPFD is down -1.72% year-to-date (YTD), while PREF has returned 0.42%. That puts PREF better performer ahead so far this year.
Which ETF is attracting more investor money: FPFD or PREF?
Year-to-date, the FPFD ETF saw +$3M in flows, compared to +$613M for PREF.
Which ETF is more volatile: FPFD or PREF?
Over the past year, FPFD had a volatility of 2.76%, while PREF experienced 2.07%.
Which ETF is bigger: FPFD or PREF?
As of October 16, 2026, FPFD holds $74.94 M in assets under management (AUM), while PREF manages $1.96 B.
What sectors do the FPFD and PREF ETFs invest in?
FPFD leans toward sectors like Finance, Utilities and Energy. Meanwhile, PREF focuses on Finance, Utilities and Energy.
What are the top holdings of the FPFD ETF and PREF ETF?
FPFD top holdings include Energy Transfer, 6.625% perp., USD (B), US31635A1051 and Enbridge, 8.5% 15jan2084, USD (2023-B). PREF holds in its top three: Bank of America Corp., Enbridge, 8.5% 15jan2084, USD (2023-B) and Metlife, 5.85% 15mar2056, USD.
Which ETF is more diversified: FPFD or PREF?
FPFD holds 331 securities with 23.86% of its assets in the top 15. PREF has 166 securities and a top 15 weight of 26.89%.
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