FCEF vs SPY
Comparison between FIRST TRUST INCOME OPPORTUNITIES ETF (FCEF, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed FCEF, delivering a return of +13.3% compared to +5.6%
FCEF vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FCEF
$75M
Winner
SPY
$735B
Expense Ratio
FCEF
3.69%
Winner
SPY
0.09%
Max Drawdown
Winner
FCEF
45.08%
SPY
56.47%
Sharpe Ratio
FCEF
1.36
Winner
SPY
1.62
5Y Beta
Winner
FCEF
0.52
SPY
1.00
P/E Ratio
FCEF
N/A
SPY
28.99
Forward P/E
FCEF
N/A
SPY
22.37
5Y Dividends CAGR
Winner
FCEF
7.77%
SPY
5.43%
5Y EPS CAGR
FCEF
N/A
SPY
26.05%
Debt to Equity
FCEF
N/A
SPY
32.40%
P/S Ratio
FCEF
N/A
SPY
3.74
P/B Ratio
FCEF
N/A
SPY
5.61
FCEF vs SPY - Holdings Comparison
FCEF and SPY have 0 common holdings. Overlap is 0.00%
FCEF's top 25 holdings weight is 67.18%. SPY's top 25 holdings weight is 52.37%.
| Rank | FCEF | SPY |
|---|---|---|
| #1 | EATON VANCE TAX ADVGD GBL DIV INC FD (ETG) - 4.00% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | INVESCO VARIABLE RATE INVESTMENT GRD ETF (VRIG) - 3.81% | APPLE INC (AAPL) - 7.02% |
| #3 | ABRDN GLOBAL INFRASTRUCTURE INCOME FUND (ASGI) - 3.52% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | ABRDN HEALTHCARE OPPORTUNITIES FUND (THQ) - 3.39% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | ABRDN HEALTHCARE INVESTORS (HQH) - 3.37% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | SOURCE CAPITAL INC (SOR) - 3.27% | BROADCOM INC (AVGO) - 3.10% |
| #7 | JOHN HANCOCK TAX-ADVANTAGED DIV INC FD (HTD) - 3.26% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | EATON VANCE TAX-ADVTGD GLOBAL DIVID OPPO (ETO) - 3.24% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | EATON VANCE TAX ADVANTAGED DIVIDEND INCOME FUND (EVT) - 3.19% | TESLA INC (TSLA) - 1.89% |
| #10 | GABELLI DIVIDEND & INCOME TRUST (GDV) - 2.88% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | BLACKROCK SCIENCE AND TECHNOLOGY TRUST (BST) - 2.70% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | COHEN & STEERS INFRASTRUCTURE FUND INC (UTF) - 2.61% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | COHEN & STEERS REIT AND PREFERRED INCOME FUND INC (RNP) - 2.50% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | NUVEEN PREFERRED & INCOME OPPORTUNITIES FUND (JPC) - 2.46% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | PGIM GLOBAL HIGH YIELD FUND, INC (GHY) - 2.43% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | NUVEEN CREDIT STRATEGIES INCOME FUND (JQC) - 2.38% | INTEL CORP (INTC) - 0.90% |
| #17 | MORGAN STANLEY INSTL LQUDTY TRS INSTL (MISXX) - 2.25% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | NUVEEN VARIABLE RATE PREFERRED&INCOME (NPFD) - 2.24% | VISA INC CLASS A (V) - 0.85% |
| #19 | WESTERN ASSET DIVERSIFIED INCOME FUND (WDI) - 2.21% | WALMART INC (WMT) - 0.81% |
| #20 | GENERAL AMERICAN INVESTORS CO INC (GAM) - 2.06% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | CENTRAL SECURITIES CORP (CET) - 2.01% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | WESTERN ASSET INFLATION-LINKED OPPORTUNITIES AND INCOME FUND (WIW) - 1.94% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | REAVES UTILITY INCOME FUND (UTG) - 1.89% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | BLACKROCK CAPITAL ALLOCATION TRUST (BCAT) - 1.84% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | BROOKFIELD REAL ASSETS INCOME FUND INC. (RA) - 1.73% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 49 | 505 |
FCEF vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
FCEF
-0.60%
Winner
SPY
+1.90%
3M
FCEF
+2.35%
Winner
SPY
+8.55%
6M
FCEF
+6.06%
Winner
SPY
+8.18%
1Y
FCEF
+15.15%
Winner
SPY
+25.79%
5Y(CAGR)
FCEF
+5.64%
Winner
SPY
+13.32%
10Y(CAGR)
FCEF
+8.06%
Winner
SPY
+15.19%
Max(CAGR)
FCEF
+8.06%
Winner
SPY
+8.47%
FCEF vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FCEF | SPY |
|---|---|---|
| 2026 | +5.40% | +8.26% |
| 2025 | +14.75% | +18.00% |
| 2024 | +17.46% | +25.59% |
| 2023 | +9.76% | +26.72% |
| 2022 | -19.62% | -18.64% |
| 2021 | +20.61% | +30.52% |
| 2020 | +3.39% | +17.28% |
| 2019 | +27.64% | +31.09% |
| 2018 | -10.18% | -5.24% |
| 2017 | +14.94% | +20.78% |
| 2016 | +1.17% | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
FCEF vs SPY Drawdown Comparison
The maximum drawdown for FCEF was -44.80%, occurring on Mar 18, 2020. Recovery took 224 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current FCEF drawdown is -2.02%. The current SPY drawdown is -2.90%.
| Rank | FCEF | SPY |
|---|---|---|
| #1 | -44.80% Feb 19, 2020 - Jan 7, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -25.29% Sep 7, 2021 - Jul 16, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -17.78% Aug 29, 2018 - Apr 5, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -12.39% Feb 18, 2025 - Jun 3, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -7.03% Mar 2, 2026 - Apr 30, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -6.94% Oct 10, 2016 - Jan 5, 2017 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -6.90% Jan 26, 2018 - Jul 24, 2018 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -5.39% Dec 5, 2024 - Feb 5, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -4.87% Jul 12, 2021 - Aug 12, 2021 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -4.52% Jul 31, 2024 - Aug 19, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -4.07% May 6, 2019 - Jun 18, 2019 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -3.94% Jul 16, 2019 - Sep 13, 2019 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -3.57% Oct 13, 2017 - Dec 28, 2017 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -3.55% Aug 1, 2017 - Sep 18, 2017 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -3.23% Feb 12, 2021 - Mar 15, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FCEF and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (1999 - 2026)
FCEF vs SPY dividend yield comparison.
| Year | FCEF | SPY |
|---|---|---|
| 2026 | 2.90% | 0.24% |
| 2025 | 7.05% | 1.07% |
| 2024 | 7.13% | 1.21% |
| 2023 | 7.17% | 1.40% |
| 2022 | 7.26% | 1.65% |
| 2021 | 4.74% | 1.20% |
| 2020 | 5.03% | 1.52% |
| 2019 | 5.07% | 1.75% |
| 2018 | 5.96% | 2.04% |
| 2017 | 4.90% | 1.80% |
| 2016 | 1.51% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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