FPE vs PSK
First Trust Preferred Securities and Income ETF compared with State Street SPDR ICE Preferred Securities ETF on yield, payout growth, payment schedule, cost and risk.
FPE
First Trust Preferred Securities and Income ETF
TTM yield · Monthly
PSK
State Street SPDR ICE Preferred Securities ETF
TTM yield · Monthly
Quick take
- PSK yields more today: 7.56% vs 6.41% (forward).
- FPE has grown its payout faster: 3.3%/yr vs -1.1%/yr over the last 5 years.
- Both pay every month.
- Over the last year FPE delivered the higher total return: -1.5% vs -8.8% (price change plus payouts).
- PSK is cheaper to own: 0.45% vs 0.83% expense ratio.
- PSK has the steadier distribution: consistency 96/100 vs 85/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FPE | PSK |
|---|---|---|
| Share price | $16.89 | $28.03 |
| TTM yield | 6.41% | 7.56% |
| Forward yield | 6.41% | 7.56% |
| Annual payout per share | $1.083 | $2.12 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Nov 20, 2026 (est.) | Oct 31, 2026 (est.) |
| Expense ratio | 0.83% | 0.45% |
| 1-year payout growth | +5.7% | -1.9% |
| 5-year payout CAGR | +3.3% | -1.1% |
| Consecutive years of increases | 2 years | 0 years |
| Payout consistency (last 12) | 85/100 | 96/100 |
| 1-year total return | -1.5% | -8.8% |
| 1-year price return | -7.4% | -15.2% |
| Size (market cap / AUM) | 6.0B | 637.3M |
| Years paying | 13.6 | 16.9 |
| 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 | PSK | |
|---|---|---|
| Shares | 592.1 | 356.8 |
| Income per year | $641 | $756 |
| Income per month (avg) | $53 | $63 |
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. |
| PSK Oct 31, 2026 | Nov 14, 2026 | $0.1767 | Est. |
| PSK Nov 30, 2026 | Dec 14, 2026 | $0.1767 | Est. |
| PSK Dec 30, 2026 | Jan 13, 2027 | $0.1767 | Est. |
Annual payouts per share
FPEPSK
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 PSK?
PSK currently has the higher trailing yield: FPE yields 6.41% and PSK yields 7.56%. Yield changes daily with price, so check the live figures above.
How often do FPE and PSK pay?
FPE pays every month and PSK pays every month. FPE's next ex-date is Nov 20, 2026 and PSK's is Oct 31, 2026.
Which has grown its dividend faster, FPE or PSK?
FPE has grown its payout faster: 3.3%/yr vs -1.1%/yr over the last 5 years.
Is FPE or PSK better for income?
It depends on what you are optimising for. FPE and PSK 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.