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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
20.5 %

73 positions appear in both funds. Buying equal dollars of FPE and VRP would leave roughly 20.5% of each dollar exposed to the same underlying securities.

FPE only 78.2% Shared 20.5% VRP only 77.4%
In FPE only
186 positions
Shared
73 positions
In VRP only
258 positions

Side by side

FPE

First Trust Preferred Securities and Income ETF

First Trust · Preferred Securities

56 composite / 100
Expense ratio
0.83%
Net assets
$6.32B
TTM yield
5.93%
Top-10 conc.
14.9%
VRP

Invesco Variable Rate Preferred ETF

Invesco · Preferred Securities

65 composite / 100
Expense ratio
0.50%
Net assets
$2.98B
TTM yield
6.21%
Top-10 conc.
17.0%

Sub-score comparison

17
Cost
50
61
Tax efficiency
61
91
Liquidity
77
93
Concentration
90
—
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

73 shared in total
# Holding In FPE In VRP Overlap
1 BANK OF AMERICA CORP 2.52% 1.16% 1.16%
2 JP MORGAN CHASE & COMPANY 1.35% 0.98% 0.98%
3 CITIGROUP INC 1.20% 0.96% 0.96%
4 GOLDMAN SACHS GROUP INC (THE) 1.04% 0.89% 0.89%
5 CHARLES SCHWAB CORP (THE) 1.07% 0.78% 0.78%
6 PNC FINANCIAL SERVICES GROUP INC (THE) 0.63% 0.58% 0.58%
7 CITIGROUP INC 0.57% 1.02% 0.57%
8 AMERICAN ELECTRIC POWER COMPANY INC 0.58% 0.56% 0.56%
9 ENBRIDGE INC 0.54% 0.54% 0.54%
10 SOUTHERN COMPANY (THE) 0.50% 0.70% 0.50%
11 DOMINION ENERGY INC 0.63% 0.50% 0.50%
12 GOLDMAN SACHS GROUP INC (THE) 0.49% 0.77% 0.49%

Only in FPE

186 total
  • WELLS FARGO & COMPANY 2.07%
  • BARCLAYS PLC 1.65%
  • NEXTERA ENERGY CAPITAL HOLDINGS INC 1.40%
  • XCEL ENERGY INC 1.25%
  • CREDIT AGRICOLE SA 1.23%
  • BNP PARIBAS SA 1.13%
  • T-MOBILE USA INC 1.09%
  • COREBRIDGE FINANCIAL INC 1.08%
  • HARTFORD INSURANCE GROUP INC (THE) 1.06%
  • BANK OF MONTREAL 1.01%

Only in VRP

258 total
  • Wells Fargo & Co. 1.30%
  • JPMorgan Chase & Co. 1.16%
  • Citigroup Capital XIII 0.99%
  • Bank of America Corp. 0.95%
  • BP Capital Markets PLC 0.93%
  • CVS Health Corp. 0.88%
  • Bank of America Corp. 0.86%
  • Vodafone Group PLC 0.79%
  • Charles Schwab Corp. (The) 0.76%
  • Bank of America Corp. 0.75%

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.