FCEF vs SPBW
Comparison between FIRST TRUST INCOME OPPORTUNITIES ETF (FCEF, ETF) and ALLIANZIM BUFFER20 ALLOCATION ETF (SPBW, ETF).
FCEF vs SPBW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FCEF
$79M
Winner
SPBW
$80M
Expense Ratio
FCEF
3.69%
Winner
SPBW
0.79%
Max Drawdown
FCEF
45.08%
Winner
SPBW
8.76%
Sharpe Ratio
FCEF
1.27
Winner
SPBW
1.43
5Y Beta
FCEF
0.52
Winner
SPBW
0.40
5Y Dividends CAGR
FCEF
5.95%
SPBW
N/A
FCEF vs SPBW - Holdings Comparison
FCEF and SPBW have 0 common holdings. Overlap is 0.00%
FCEF's top 25 holdings weight is 67.18%. SPBW's top 25 holdings weight is 100.00%.
| Rank | FCEF | SPBW |
|---|---|---|
| #1 | EATON VANCE TAX ADVGD GBL DIV INC FD (ETG) - 4.00% | ALLIANZIM US EQUITY BUFFER20 DEC ETF (DECW) - 8.44% |
| #2 | INVESCO VARIABLE RATE INVESTMENT GRD ETF (VRIG) - 3.81% | ALLIANZIM US EQUITY BUFFER20 MAR ETF (MARW) - 8.37% |
| #3 | ABRDN GLOBAL INFRASTRUCTURE INCOME FUND (ASGI) - 3.52% | ALLIANZIM US EQUITY BUFFER20 NOV ETF (NVBW) - 8.36% |
| #4 | ABRDN HEALTHCARE OPPORTUNITIES FUND (THQ) - 3.39% | ALLIANZIM US EQUITY BUFFER20 AUG ETF (AUGW) - 8.36% |
| #5 | ABRDN HEALTHCARE INVESTORS (HQH) - 3.37% | ALLIANZIM US EQUITY BUFFER20 OCT ETF (OCTW) - 8.35% |
| #6 | SOURCE CAPITAL INC (SOR) - 3.27% | ALLIANZIM US EQUITY BUFFER20 FEB ETF (FEBW) - 8.35% |
| #7 | JOHN HANCOCK TAX-ADVANTAGED DIV INC FD (HTD) - 3.26% | ALLIANZIM US EQUITY BUFFER20 JUL ETF (JULW) - 8.35% |
| #8 | EATON VANCE TAX-ADVTGD GLOBAL DIVID OPPO (ETO) - 3.24% | ALLIANZIM US EQUITY BUFFER20 SEP ETF (SEPW) - 8.34% |
| #9 | EATON VANCE TAX ADVANTAGED DIVIDEND INCOME FUND (EVT) - 3.19% | ALLIANZIM US EQUITY BUFFER20 JAN ETF (JANW) - 8.34% |
| #10 | GABELLI DIVIDEND & INCOME TRUST (GDV) - 2.88% | ALLIANZIM US EQUITY BUFFER20 APR ETF (APRW) - 8.29% |
| #11 | BLACKROCK SCIENCE AND TECHNOLOGY TRUST (BST) - 2.70% | ALLIANZIM US EQUITY BUFFER20 MAY ETF (MAYW) - 8.23% |
| #12 | COHEN & STEERS INFRASTRUCTURE FUND INC (UTF) - 2.61% | ALLIANZIM US EQUITY BUFFER20 JUN ETF (JUNW) - 8.22% |
| #13 | COHEN & STEERS REIT AND PREFERRED INCOME FUND INC (RNP) - 2.50% | N/A |
| #14 | NUVEEN PREFERRED & INCOME OPPORTUNITIES FUND (JPC) - 2.46% | N/A |
| #15 | PGIM GLOBAL HIGH YIELD FUND, INC (GHY) - 2.43% | N/A |
| #16 | NUVEEN CREDIT STRATEGIES INCOME FUND (JQC) - 2.38% | N/A |
| #17 | MORGAN STANLEY INSTL LQUDTY TRS INSTL (MISXX) - 2.25% | N/A |
| #18 | NUVEEN VARIABLE RATE PREFERRED&INCOME (NPFD) - 2.24% | N/A |
| #19 | WESTERN ASSET DIVERSIFIED INCOME FUND (WDI) - 2.21% | N/A |
| #20 | GENERAL AMERICAN INVESTORS CO INC (GAM) - 2.06% | N/A |
| #21 | CENTRAL SECURITIES CORP (CET) - 2.01% | N/A |
| #22 | WESTERN ASSET INFLATION-LINKED OPPORTUNITIES AND INCOME FUND (WIW) - 1.94% | N/A |
| #23 | REAVES UTILITY INCOME FUND (UTG) - 1.89% | N/A |
| #24 | BLACKROCK CAPITAL ALLOCATION TRUST (BCAT) - 1.84% | N/A |
| #25 | BROOKFIELD REAL ASSETS INCOME FUND INC. (RA) - 1.73% | N/A |
| Total Holdings | 49 | 12 |
FCEF vs SPBW - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FCEF
+1.34%
SPBW
+0.54%
3M
Winner
FCEF
+3.82%
SPBW
+2.73%
6M
Winner
FCEF
+5.95%
SPBW
+4.73%
1Y
Winner
FCEF
+14.21%
SPBW
+10.02%
5Y(CAGR)
FCEF
+6.18%
SPBW
N/A
10Y(CAGR)
FCEF
+8.23%
SPBW
N/A
Max(CAGR)
FCEF
+8.23%
Winner
SPBW
+9.65%
FCEF vs SPBW - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | FCEF | SPBW |
|---|---|---|
| 2026 | +8.01% | +5.00% |
| 2025 | +14.75% | +9.57% |
| 2024 | +17.46% | N/A |
| 2023 | +9.76% | N/A |
| 2022 | -19.62% | N/A |
| 2021 | +20.61% | N/A |
| 2020 | +3.39% | N/A |
| 2019 | +27.64% | N/A |
| 2018 | -10.18% | N/A |
| 2017 | +14.94% | N/A |
| 2016 | +1.17% | N/A |
FCEF vs SPBW Drawdown Comparison
The maximum drawdown for FCEF was -44.80%, occurring on Mar 18, 2020. Recovery took 224 trading sessions.
The maximum drawdown for SPBW was -8.76%, occurring on Apr 8, 2025. Recovery took 72 trading sessions.
The current FCEF drawdown is -0.50%. The current SPBW drawdown is -0.29%.
| Rank | FCEF | SPBW |
|---|---|---|
| #1 | -44.80% Feb 19, 2020 - Jan 7, 2021 | -8.76% Feb 19, 2025 - Jun 3, 2025 |
| #2 | -25.29% Sep 7, 2021 - Jul 16, 2024 | -2.86% Jan 27, 2026 - Apr 9, 2026 |
| #3 | -17.78% Aug 29, 2018 - Apr 5, 2019 | -1.40% Oct 27, 2025 - Nov 25, 2025 |
| #4 | -12.39% Feb 18, 2025 - Jun 3, 2025 | -1.14% Jun 1, 2026 - Jun 15, 2026 |
| #5 | -7.03% Mar 2, 2026 - Apr 30, 2026 | -0.83% Oct 6, 2025 - Oct 20, 2025 |
| #6 | -6.94% Oct 10, 2016 - Jan 5, 2017 | -0.76% Jul 28, 2025 - Aug 8, 2025 |
| #7 | -6.90% Jan 26, 2018 - Jul 24, 2018 | -0.68% Jan 12, 2026 - Jan 26, 2026 |
| #8 | -5.39% Dec 5, 2024 - Feb 5, 2025 | -0.63% Jun 18, 2026 - Jul 6, 2026 |
| #9 | -4.87% Jul 12, 2021 - Aug 12, 2021 | -0.57% Jul 15, 2026 - Jul 20, 2026 |
| #10 | -4.52% Jul 31, 2024 - Aug 19, 2024 | -0.54% Jan 8, 2025 - Jan 15, 2025 |
| #11 | -4.07% May 6, 2019 - Jun 18, 2019 | -0.51% Jun 12, 2025 - Jun 16, 2025 |
| #12 | -3.94% Jul 16, 2019 - Sep 13, 2019 | -0.44% Aug 13, 2025 - Aug 22, 2025 |
| #13 | -3.57% Oct 13, 2017 - Dec 28, 2017 | -0.44% Jun 16, 2025 - Jun 23, 2025 |
| #14 | -3.55% Aug 1, 2017 - Sep 18, 2017 | -0.43% Jan 23, 2025 - Feb 6, 2025 |
| #15 | -3.23% Feb 12, 2021 - Mar 15, 2021 | -0.39% Dec 11, 2025 - Dec 19, 2025 |
Correlation
Correlation between FCEF and SPBW is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
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