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ETF comparison

FPE vs VRP

Both Preferred Securities.

First Trust Preferred Securities and Income ETF · Invesco Variable Rate Preferred ETF

Holdings overlap

Weighted by ISIN/CUSIP
21.5 %

78 positions appear in both funds. Buying equal dollars of FPE and VRP would leave roughly 21.5% of each dollar exposed to the same underlying securities.

FPE unmatched 77.5% Shared 21.5% VRP unmatched 77.3%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In FPE only
181 positions
Shared
78 positions
In VRP only
284 positions

Side by side

FPE

First Trust Preferred Securities and Income ETF

First Trust · Preferred Securities

55 composite / 100
Expense ratio
0.83%
Net assets
$5.81B
TTM yield
6.33%
Top-10 conc.
14.9%
VRP

Invesco Variable Rate Preferred ETF

Invesco · Preferred Securities

67 composite / 100
Expense ratio
0.50%
Net assets
$2.99B
TTM yield
5.91%
Top-10 conc.
9.3%

Sub-score comparison

17
Cost
50
60
Tax efficiency
61
90
Liquidity
77
93
Concentration
100
—
Tracking quality
—
FPE sub-score VRP

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

VRP is 33 bps cheaper than FPE. On a $100,000 position that's about $330/yr more in fees for FPE.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with FPE vs VRP.

Top shared holdings

78 shared in total
# Holding In FPE In VRP Overlap
1 BANK OF AMERICA CORP 2.52% 1.05% 1.05%
2 JP MORGAN CHASE & COMPANY 1.35% 0.89% 0.89%
3 CITIGROUP INC 1.20% 0.87% 0.87%
4 GOLDMAN SACHS GROUP INC (THE) 1.04% 0.80% 0.80%
5 CHARLES SCHWAB CORP (THE) 1.07% 0.72% 0.72%
6 WELLS FARGO & COMPANY 0.61% 0.76% 0.61%
7 CITIGROUP INC 0.58% 0.93% 0.58%
8 PNC FINANCIAL SERVICES GROUP INC (THE) 0.64% 0.53% 0.53%
9 AMERICAN ELECTRIC POWER COMPANY INC 0.57% 0.50% 0.50%
10 SOUTHERN COMPANY (THE) 0.50% 0.63% 0.50%
11 GOLDMAN SACHS GROUP INC (THE) 0.48% 0.68% 0.48%
12 ENBRIDGE INC 0.54% 0.48% 0.48%

Only in FPE

181 total
  • WELLS FARGO & COMPANY 2.08%
  • BARCLAYS PLC 1.67%
  • NEXTERA ENERGY CAPITAL HOLDINGS INC 1.33%
  • BNP PARIBAS SA 1.26%
  • XCEL ENERGY INC 1.23%
  • CREDIT AGRICOLE SA 1.21%
  • HARTFORD INSURANCE GROUP INC (THE) 1.09%
  • COREBRIDGE FINANCIAL INC 1.05%
  • T-MOBILE USA INC 1.02%
  • AMERICAN AGCREDIT ACA 1.02%

Only in VRP

284 total
  • JPMorgan Chase & Co. 1.04%
  • Invesco Government & Agency Portfolio 0.88%
  • Bank of America Corp. 0.87%
  • BP Capital Markets PLC 0.84%
  • CVS Health Corp. 0.80%
  • Citigroup Capital XIII 0.80%
  • Bank of America Corp. 0.79%
  • Vodafone Group PLC 0.71%
  • Bank of America Corp. 0.69%
  • Citigroup Inc. 0.62%

Related comparisons

More comparisons with FPE

More comparisons with VRP

Percentages are holdings overlap with the named fund.

Open FPE or VRP at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.