Fidelity Preferred Securities & Inc ETF (FPFD) Performance
FPFD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −2.5% since Dec 31, 2025
- 1 year
- −2.7% total return
- 5 years
- +0.7% a year
- Since first price
- +1.0% a year since 2021
FPFD trailing returns vs SPY, QQQ, AGG
| Period | FPFD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.7% | −2.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.7% | −4.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.9% | −6.5% | +7.8% | +8.4% | −1.5% |
| YTD | −2.5% | −6.3% | +12.3% | +15.1% | −1.0% |
| 1 year | −2.7% | −7.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +23.2%+7.2%/yr | +5.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +3.6%+0.7%/yr | −19.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJun 17, 2021 | +5.5%+1.0%/yr | −18.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FPFD vs SPY
From Jun 17, 2021: FPFD grew to $10,550, SPY to $19,381.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FPFD returns by calendar year
3 of 4 full years positive. Best 2023 (+10.9%), worst 2022 (−17.1%). 2026 is year to date.
FPFD annual returns table
| Year | FPFD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −2.5% | −4.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.5% | −4.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +8.5% | −2.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +10.9% | −9.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.1% | −20.0% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FPFD largest drawdowns
Now 4.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 17, 2021 | −20.8% | Oct 24, 2022 | Sep 11, 2024 | 1.1 years | 3.0 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FPFD risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +6.2% | +0.7% | +1.0% |
| Volatility (annualized) | 5.9% | 8.6% | 8.4% |
| Sharpe ratio | 0.32 | -0.29 | -0.25 |
| Sortino ratio | 0.51 | -0.42 | -0.36 |
| Best month | +5.7% | +8.9% | +8.9% |
| Worst month | −2.7% | −5.6% | −5.6% |
| Best 12 months | +19.4% | +19.4% | +19.4% |
| Worst 12 months | −2.1% | −19.2% | −19.2% |
| Positive months | 64% | 50% | 52% |
| Beta vs S&P 500 | 0.34 | 0.39 | — |
| Correlation with S&P 500 | 0.71 | 0.71 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FPFD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 53 | −19.2% | +5.0% | +19.4% | 75% |
| 3-year (a year) | 29 | −0.6% | +6.2% | +9.5% | 86% |
| 5-year (a year) | 5 | +0.7% | +1.3% | +1.7% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
FPFD performance overview
Fidelity Preferred Securities & Inc ETF (FPFD) returned −2.7% over the past year and +0.7% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +1.0% a year, turning $10,000 into about $10,550. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −20.8%, from Sep 17, 2021 to Oct 24, 2022, and it took 1.9 years to get back to the old high. FPFD finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+10.9%) and the worst 2022 (−17.1%). Volatility has been 8.4% a year.
Related: FPFD chart, FPFD dividends. See the FPFD overview for the latest quote and fund facts.
FPFD performance FAQ
What is the FPFD return over the past year?
FPFD returned −2.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 7.8%.
What is the average annual return of FPFD?
FPFD has returned +0.7% a year over 5 years, +1.0% a year since June 17, 2021 (total return, distributions reinvested).
How much would $10,000 invested in FPFD be worth?
$10,000 invested in FPFD at its first recorded close on June 17, 2021 would be worth about $10,550 on October 23, 2026 with distributions reinvested.
What was the worst year for FPFD?
The worst calendar year was 2022, with a total return of −17.1%. The best was 2023 at +10.9%.
What is the biggest drawdown of FPFD?
The largest peak-to-trough decline was −20.8% between September 17, 2021 and October 24, 2022. It recovered to the old high on September 11, 2024, 1.9 years after the bottom.
How volatile is FPFD?
Over the past 3 years FPFD had an annualized volatility of 5.9% and a Sharpe ratio of 0.32 (excess return over 1–3 month T-bills per unit of risk).