FPEI vs IVV
First Trust Institutional Preferred Securities and Income ETF vs iShares Core S&P 500 ETF
Which is better, FPEI or IVV?
Preferred Stock against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FPEI | IVV |
|---|---|---|
| Expense Ratio | 0.85% | 0.03%Best |
| AUM | $1.9B | $876.4B |
| Dividend Yield | 5.82% | 1.06% |
| Holdings | 176 | 508 |
| YTD Return | +0.50% | +11.57%Best |
| 1Y Return | +2.87% | +17.57%Best |
| 3Y Return (annualized) | +9.21% | +20.71%Best |
| 5Y Return (annualized) | +3.50% | +12.80%Best |
| Volatility (annualized) | 8.1%Best | 16.1% |
| Max Drawdown | -27.8%Best | -33.9% |
| $10,000 over 5 years | $11,877 | $18,262Best |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) |
| Category | Allocation/Balanced | Equity |
| Style | Preferred Stock | Large Cap Blend |
| Inception | Aug 22, 2017 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Aug 23, 2017 to Sep 10, 2026 (9 years).
FPEI vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9 years both funds cover.
FPEI vs IVV Performance
First Trust Institutional Preferred Securities and Income ETF (FPEI) is an ETF from First Trust Portfolios (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FPEI returned +2.87% while IVV returned +17.57%. Year to date, FPEI is up 0.50% versus a gain of 11.57% for IVV.
Over three years, FPEI compounded at +9.21% per year against +20.71% for IVV; over five years the annualized figures are +3.50% and +12.80% respectively. Across the full 9-year window we track, IVV has the edge at +14.26% annualized vs +2.64%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 8.1% for FPEI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -27.8% for FPEI and -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FPEI charges 0.85% per year while IVV charges 0.03%. On a $10,000 position that is $85 vs $3 annually, a gap of $82 per year that compounds over a long holding period. On income, FPEI currently yields 5.82% against 1.06% for IVV.
Holdings Overlap
At least 0.3% of IVV's money is in holdings FPEI also owns.
Stated as a floor: for FPEI, our book for it covers 65.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 115 positions we hold weights for in FPEI and 505 in IVV, against full books of 176 and 508.
Top Shared Holdings
| Stock | Weight in FPEI | Weight in IVV | Difference |
|---|---|---|---|
| CCitigroup Inc 6.875 11/73 6.88 2173-11-15 | 0.46% | 0.35% | 0.11% |
You are not choosing between two funds in isolation.
Whichever of FPEI and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FPEI or IVV?
FPEI has an expense ratio of 0.85% while IVV charges 0.03%. IVV is the cheaper option, by $82 a year on a $10,000 investment.
Which performed better, FPEI or IVV?
Over the past year FPEI returned +2.87% vs +17.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (9 years), FPEI annualized +2.64% vs +14.26% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FPEI or IVV?
IVV has been the more volatile fund at 16.1% annualized versus 8.1% for FPEI. Worst drawdown: FPEI -27.8% vs IVV -33.9%.
Should I hold both FPEI and IVV?
FPEI and IVV have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FPEI or IVV?
FPEI yields 5.82% while IVV yields 1.06%, so FPEI currently pays the higher dividend yield.
Is IVV better than FPEI?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.