FPE vs FPEI
First Trust Preferred Securities and Income ETF compared with First Trust Institutional Preferred Securities and Income ETF on yield, payout growth, payment schedule, cost and risk.
FPE
First Trust Preferred Securities and Income ETF
TTM yield · Monthly
FPEI
First Trust Institutional Preferred Securities and Income ETF
TTM yield · Monthly
Quick take
- FPE yields more today: 6.41% vs 6.06% (forward).
- FPE has grown its payout faster: 3.3%/yr vs 2.1%/yr over the last 5 years.
- Both pay every month.
- Over the last year FPEI delivered the higher total return: +0.9% vs -1.5% (price change plus payouts).
- FPE is cheaper to own: 0.83% vs 0.85% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FPE | FPEI |
|---|---|---|
| Share price | $16.89 | $18.49 |
| TTM yield | 6.41% | 5.57% |
| Forward yield | 6.41% | 6.06% |
| Annual payout per share | $1.083 | $1.121 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Nov 20, 2026 (est.) | Oct 24, 2026 (est.) |
| Expense ratio | 0.83% | 0.85% |
| 1-year payout growth | +5.7% | -11.1% |
| 5-year payout CAGR | +3.3% | +2.1% |
| Consecutive years of increases | 2 years | 1 year |
| Payout consistency (last 12) | 85/100 | 95/100 |
| 1-year total return | -1.5% | +0.9% |
| 1-year price return | -7.4% | -4.4% |
| Size (market cap / AUM) | 6.0B | 1.9B |
| Years paying | 13.6 | 9.1 |
| Sector / category | Preferred Stock | Preferred Stock |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FPE | FPEI | |
|---|---|---|
| Shares | 592.1 | 540.8 |
| Income per year | $641 | $606 |
| Income per month (avg) | $53 | $51 |
At forward yields, before taxes. Model FPE · Model FPEI
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FPE Nov 20, 2026 | Dec 4, 2026 | $0.0902 | Est. |
| FPE Dec 20, 2026 | Jan 3, 2027 | $0.0902 | Est. |
| FPE Jan 19, 2027 | Feb 2, 2027 | $0.0902 | Est. |
| FPEI Nov 23, 2026 | Dec 7, 2026 | $0.0934 | Est. |
| FPEI Dec 23, 2026 | Jan 6, 2027 | $0.0934 | Est. |
| FPEI Jan 22, 2027 | Feb 5, 2027 | $0.0934 | Est. |
Annual payouts per share
FPEFPEI
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FPE or FPEI?
FPE currently has the higher trailing yield: FPE yields 6.41% and FPEI yields 5.57%. Yield changes daily with price, so check the live figures above.
How often do FPE and FPEI pay?
FPE pays every month and FPEI pays every month. FPE's next ex-date is Nov 20, 2026 and FPEI's is Oct 24, 2026.
Which has grown its dividend faster, FPE or FPEI?
FPE has grown its payout faster: 3.3%/yr vs 2.1%/yr over the last 5 years.
Is FPE or FPEI better for income?
It depends on what you are optimising for. FPE and FPEI differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.