FPE vs VRP
First Trust Preferred Securities and Income ETF compared with Invesco Variable Rate Preferred ETF on yield, payout growth, payment schedule, cost and risk.
FPE
First Trust Preferred Securities and Income ETF
TTM yield · Monthly
VRP
Invesco Variable Rate Preferred ETF
TTM yield · Monthly
Quick take
- FPE yields more today: 6.41% vs 5.94% (forward).
- VRP has grown its payout faster: 6.6%/yr vs 3.3%/yr over the last 5 years.
- Both pay every month.
- Over the last year VRP delivered the higher total return: +1.1% vs -1.5% (price change plus payouts).
- VRP is cheaper to own: 0.50% vs 0.83% expense ratio.
- FPE has the steadier distribution: consistency 85/100 vs 65/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FPE | VRP |
|---|---|---|
| Share price | $16.89 | $23.56 |
| TTM yield | 6.41% | 5.94% |
| Forward yield | 6.41% | 5.94% |
| Annual payout per share | $1.083 | $1.40 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Nov 20, 2026 (est.) | Nov 16, 2026 (est.) |
| Expense ratio | 0.83% | 0.50% |
| 1-year payout growth | +5.7% | -4.0% |
| 5-year payout CAGR | +3.3% | +6.6% |
| Consecutive years of increases | 2 years | 1 year |
| Payout consistency (last 12) | 85/100 | 65/100 |
| 1-year total return | -1.5% | +1.1% |
| 1-year price return | -7.4% | -4.6% |
| Size (market cap / AUM) | 6.0B | 3.0B |
| Years paying | 13.6 | 12.4 |
| 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 | VRP | |
|---|---|---|
| Shares | 592.1 | 424.4 |
| Income per year | $641 | $594 |
| Income per month (avg) | $53 | $50 |
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. |
| VRP Nov 16, 2026 | Nov 30, 2026 | $0.1167 | Est. |
| VRP Dec 14, 2026 | Dec 28, 2026 | $0.1167 | Est. |
| VRP Jan 11, 2027 | Jan 25, 2027 | $0.1167 | Est. |
Annual payouts per share
FPEVRP
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 VRP?
FPE currently has the higher trailing yield: FPE yields 6.41% and VRP yields 5.94%. Yield changes daily with price, so check the live figures above.
How often do FPE and VRP pay?
FPE pays every month and VRP pays every month. FPE's next ex-date is Nov 20, 2026 and VRP's is Nov 16, 2026.
Which has grown its dividend faster, FPE or VRP?
VRP has grown its payout faster: 6.6%/yr vs 3.3%/yr over the last 5 years.
Is FPE or VRP better for income?
It depends on what you are optimising for. FPE and VRP 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.