FPE vs PQDI
First Trust Preferred Securities and Income ETF compared with Principal Spectrum Preferred and Income ETF on yield, payout growth, payment schedule, cost and risk.
FPE
First Trust Preferred Securities and Income ETF
TTM yield · Monthly
PQDI
Principal Spectrum Preferred and Income ETF
TTM yield · Monthly
Quick take
- FPE yields more today: 6.02% vs 5.71% (forward).
- FPE has grown its payout faster: 2.7%/yr vs 0.5%/yr over the last 5 years.
- Both pay every month.
- Over the last year PQDI delivered the higher total return: +4.1% vs +3.3% (price change plus payouts).
- PQDI is cheaper to own: 0.60% vs 0.83% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FPE | PQDI |
|---|---|---|
| Share price | $17.60 | $19.15 |
| TTM yield | 6.02% | 5.71% |
| Forward yield | 6.02% | 5.71% |
| Annual payout per share | $1.059 | $1.093 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Sep 20, 2026 (est.) | Oct 1, 2026 (est.) |
| Expense ratio | 0.83% | 0.60% |
| 1-year payout growth | +2.6% | +13.6% |
| 5-year payout CAGR | +2.7% | +0.5% |
| Consecutive years of increases | 2 years | 2 years |
| Payout consistency (last 12) | 84/100 | 93/100 |
| 1-year total return | +3.3% | +4.1% |
| 1-year price return | -2.6% | -1.6% |
| Size (market cap / AUM) | 6.3B | 111.3M |
| Years paying | 13.5 | 6.1 |
| 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 | PQDI | |
|---|---|---|
| Shares | 568.2 | 522.2 |
| Income per year | $602 | $571 |
| Income per month (avg) | $50 | $48 |
At forward yields, before taxes. Model FPE · Model PQDI
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FPE Sep 20, 2026 | Oct 4, 2026 | $0.0882 | Est. |
| FPE Oct 20, 2026 | Nov 3, 2026 | $0.0882 | Est. |
| FPE Nov 19, 2026 | Dec 3, 2026 | $0.0882 | Est. |
| PQDI Oct 1, 2026 | Oct 15, 2026 | $0.0911 | Est. |
| PQDI Oct 31, 2026 | Nov 14, 2026 | $0.0911 | Est. |
| PQDI Nov 30, 2026 | Dec 14, 2026 | $0.0911 | Est. |
Annual payouts per share
FPEPQDI
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 PQDI?
FPE currently has the higher trailing yield: FPE yields 6.02% and PQDI yields 5.71%. Yield changes daily with price, so check the live figures above.
How often do FPE and PQDI pay?
FPE pays every month and PQDI pays every month. FPE's next ex-date is Sep 20, 2026 and PQDI's is Oct 1, 2026.
Which has grown its dividend faster, FPE or PQDI?
FPE has grown its payout faster: 2.7%/yr vs 0.5%/yr over the last 5 years.
Is FPE or PQDI better for income?
It depends on what you are optimising for. FPE and PQDI 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.