FPE vs PREF
First Trust Preferred Securities and Income ETF against Principal Spectrum Preferred Securities Active ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
22%
57 shared positions
Fee gap
28 bp
PREF is cheaper
1-year return gap
4.1 pts
PREF is ahead
Larger fund
FPE
$5.8B
Side by side
| FPE | PREF | |
|---|---|---|
| Fund | First Trust Preferred Securities and Income ETF | Principal Spectrum Preferred Securities Active ETF |
| Issuer | First Trust | Principal |
| Category | Preferred Stock | Preferred Stock |
| Expense ratio | 0.83% | 0.55% |
| Assets | $5.8B | $1.9B |
| Average daily dollar volume | $31M | $9.0M |
| Listed | Feb 11, 2013 | Jul 10, 2017 |
| FrenzyCap score | 63 | 59 |
| 1-month return | −3.3% | −1.9% |
| 3-month return | −4.6% | −3.0% |
| Year to date | −7.0% | −4.0% |
| 1-year return | −8.5% | −4.3% |
| 30-day volatility | 6.0% | 3.6% |
| Worst drawdown, 1 year | −8.2% | −5.2% |
| Trailing 12-month yield | 6.38% | 5.53% |
| Holdings | 267 | 162 |
| Top 10 weight | 15.0% | 20.1% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$63M thru Jul 2026 | +$311M thru Jun 2026 |
| 30-day implied volatility | 22.4% | — |
| Holdings as of | as of Oct 20, 2026issuer data | as of Jun 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
29% of FPE · 41% of PREF| Holding | FPE | PREF |
|---|---|---|
| BANK OF AMERICA CORP Variable rate | 2.65% | 1.58% |
| CHARLES SCHWAB CORP Series H, Variable rate | 1.13% | 1.17% |
| GOLDMAN SACHS GROUP INC Variable rate | 1.11% | 1.19% |
| DOMINION ENERGY INC Variable rate, due 05/15/2055 | 0.93% | 1.18% |
| HUNTINGTON BANCSHARES Variable rate | 0.79% | 1.41% |
| CANADIAN IMPERIAL BANK Variable rate, due 10/28/2085 | 0.75% | 0.73% |
| WELLS FARGO & COMPANY Variable rate | 0.71% | 1.47% |
| DOMINION ENERGY INC Variable rate, due 02/15/2056 | 0.65% | 0.90% |
| MEIJI YASUDA LIFE INSURANCE Variable rate, due 06/11/2055 | 0.58% | 1.19% |
| ENBRIDGE INC Variable rate, due 01/15/2084 | 0.57% | 2.35% |
| ROYAL BANK OF CANADA Variable rate, due 11/24/2085 | 0.57% | 1.25% |
| PNC FINANCIAL SERVICES Variable rate | 0.56% | 1.84% |
| JPMORGAN CHASE & CO Variable rate | 1.27% | 0.55% |
| BANK OF MONTREAL Variable rate, due 05/26/2084 | 1.07% | 0.51% |
| BANK OF MONTREAL Variable rate, due 11/26/2084 | 0.51% | 1.31% |
| ENBRIDGE INC Variable rate, due 01/15/2083 | 0.51% | 0.54% |
| ROYAL BANK OF CANADA Variable rate, due 08/24/2085 | 0.90% | 0.51% |
| GOLDMAN SACHS GROUP INC Variable rate | 0.50% | 1.12% |
| CITIGROUP INC Series HH, Variable rate | 1.37% | 0.48% |
| STATE STREET CORP Variable rate | 0.47% | 0.65% |
| CITIGROUP INC Variable rate | 0.42% | 0.48% |
| CHARLES SCHWAB CORP Variable rate | 0.40% | 1.68% |
| BANK OF NOVA SCOTIA Variable rate, due 04/27/2085 | 0.65% | 0.37% |
| ALTAGAS LTD Variable rate, due 10/15/2054 | 0.37% | 0.52% |
| DUKE ENERGY CORP Variable rate, due 09/01/2054 | 0.40% | 0.37% |
Sector mix of the stock holdings
| Sector | FPE | PREF | Gap |
|---|---|---|---|
| Communication Services | 1.9% | 0.0% | +1.9% |
| Utilities | 1.2% | 0.0% | +1.2% |
| Real Estate | 0.8% | 0.0% | +0.8% |
| Financials | 0.4% | 0.0% | +0.4% |
More: full overlap table · FPE holdings · PREF holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.