FPEI vs PFF
First Trust Institutional Preferred Securities and Income ETF compared with iShares Preferred and Income Securities ETF on yield, payout growth, payment schedule, cost and risk.
FPEI
First Trust Institutional Preferred Securities and Income ETF
TTM yield · Monthly
PFF
iShares Preferred and Income Securities ETF
TTM yield · Monthly
Quick take
- FPEI yields more today: 5.87% vs 5.60% (forward).
- FPEI has grown its payout faster: 3.1%/yr vs -1.1%/yr over the last 5 years.
- Both pay every month.
- Over the last year FPEI delivered the higher total return: +4.8% vs +1.8% (price change plus payouts).
- PFF is cheaper to own: 0.45% vs 0.85% expense ratio.
- FPEI has the steadier distribution: consistency 94/100 vs 69/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FPEI | PFF |
|---|---|---|
| Share price | $18.97 | $30.39 |
| TTM yield | 5.87% | 5.41% |
| Forward yield | 5.87% | 5.60% |
| Annual payout per share | $1.113 | $1.702 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Sep 20, 2026 (est.) | Oct 1, 2026 (est.) |
| Expense ratio | 0.85% | 0.45% |
| 1-year payout growth | +4.7% | -19.4% |
| 5-year payout CAGR | +3.1% | -1.1% |
| Consecutive years of increases | 1 year | 0 years |
| Payout consistency (last 12) | 94/100 | 69/100 |
| 1-year total return | +4.8% | +1.8% |
| 1-year price return | -1.0% | -3.4% |
| Size (market cap / AUM) | 1.9B | 13.0B |
| Years paying | 9.0 | 19.4 |
| 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
| FPEI | PFF | |
|---|---|---|
| Shares | 527.1 | 329.1 |
| Income per year | $587 | $560 |
| Income per month (avg) | $49 | $47 |
At forward yields, before taxes. Model FPEI · Model PFF
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FPEI Sep 20, 2026 | Oct 4, 2026 | $0.0927 | Est. |
| FPEI Oct 20, 2026 | Nov 3, 2026 | $0.0927 | Est. |
| FPEI Nov 19, 2026 | Dec 3, 2026 | $0.0927 | Est. |
| PFF Oct 1, 2026 | Oct 4, 2026 | $0.1418 | Est. |
| PFF Oct 31, 2026 | Nov 3, 2026 | $0.1418 | Est. |
| PFF Nov 30, 2026 | Dec 3, 2026 | $0.1418 | Est. |
Annual payouts per share
FPEIPFF
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, FPEI or PFF?
FPEI currently has the higher trailing yield: FPEI yields 5.87% and PFF yields 5.41%. Yield changes daily with price, so check the live figures above.
How often do FPEI and PFF pay?
FPEI pays every month and PFF pays every month. FPEI's next ex-date is Sep 20, 2026 and PFF's is Oct 1, 2026.
Which has grown its dividend faster, FPEI or PFF?
FPEI has grown its payout faster: 3.1%/yr vs -1.1%/yr over the last 5 years.
Is FPEI or PFF better for income?
It depends on what you are optimising for. FPEI and PFF 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.