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ETFs

Fidelity Preferred Securities & Income ETF

FPFD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 15 2021
Expense Ratio
0.59%
Type
Preferred
Fund Owner
Fidelity
Volume (1m avg. daily)
$130,477
AUM
$32,018,897
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NWTD
Wells Fargo Depositary Shs Repr 1/25th Non-Cum Perp Pfd Shs -A- Series -S-
3.60%
n/a
Bank Of America Corp. - FXDFR PRF PERPETUAL USD 1000 - Ser FF
2.74%
MS5055731
Morgan Stanley Depositary Shs Repr 1/100th 5.30 % Non-Cum Pfd Registered Shs Ser N
2.42%
GS4940616
Goldman Sachs Group, Inc. Depositary Shs Repr 1/25th Fix/Fltg Non-Cum Red Perp Pfd Rg Shs Ser S
2.42%
CFU8
Citigroup Inc - FXDFR PRF PERPETUAL USD 1000 - Ser M
2.28%
GOSI
Goldman Sachs Group, Inc. - FXDFR PRF PERPETUAL USD 1000 - Ser P
1.92%
n/a
Charles Schwab Corp. - FXDFR PRF PERPETUAL USD 1000 - Ser H
1.92%
PNC4420925
PNC Financial Services Group, Inc. Depositary Shs Repr 1/100th Non-Cum Perp Pfd Shs Series S
1.47%
BP/P2
BP Capital Markets - FXDFR NT PERPETUAL USD 1000 - 05565QDV7
1.46%
JPM/PR/K
JPMorgan Chase & Co. - 4.55% PRF PERPETUAL USD 25 - Ser JJ 1/400 int
1.39%
Invest with FPFD

What is FPFD?

The fund seeks high total return through a combination of current income and capital appreciation. Normally investing at least 80% of the funds assets in preferred securities and other income-producing securities. Normally investing in all types of preferred securities and other income-producing securities such as contingent convertible securities and corporate hybrid securities.

ETFs related toFPFD

ETFs correlated to FPFD include FPE, PGX, PFF

FPFD
Fidelity Covington Trust - Fidelity Preferred Securities & Income ETF
FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
PGX
Invesco Capital Management LLC - Invesco Preferred ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
PSK
SPDR Series Trust - SPDR ICE Preferred Securities ETF
PFFD
Global X Funds - Global X U.S. Preferred ETF
PGF
Invesco Capital Management LLC - Invesco Financial Preferred ETF
PREF
Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities Active ETF
PFFA
ETFis Series Trust I - Virtus InfraCap U.S. Preferred Stock ETF
VRP
Invesco Capital Management LLC - Invesco Variable Rate Preferred ETF
PFXF
VanEck ETF Trust - VanEck Preferred Securities ex Financials ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFPFD

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FPFD using Composer

FAQ

FPFD is a Preferred ETF. The fund seeks high total return through a combination of current income and capital appreciation. Normally investing at least 80% of the funds assets in preferred securities and other income-producing securities. Normally investing in all types of preferred securities and other income-producing securities such as contingent convertible securities and corporate hybrid securities.

FPFD dividend information: Preferred Stock. Dividend payouts may vary in terms of frequency of payouts.

Yes, FPFD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FPFD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FPFD is 0.005%. This is the percent change in the value of FPFD over the most recent 1-month period. The 3-month return on FPFD is 0.0176%. This is the percent change in the value of FPFD over the most recent 3-month period.

The standard deviation of FPFD for the past year is 0.0692%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FPFD include QAI, PCEF, and MLPA.

ETFs correlated to FPFD include FPE, PGX, and PFF.

ETFs that are inversely correlated to FPFD include HIBS, SJB, and HDGE.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.