EVPF vs QTPI: Grades, Fees and Holdings Compared

Eaton Vance Preferred Securities and Income ETF

EVPFBNasdaq

North Square RCIM Tax-Advantaged Preferred and Income Securities ETF

QTPICNYSE Arca

Overlap

4.5%by weight

Expense ratio

EVPF −0.21pt a year

EVPF0.39%QTPI0.60%

Avg volume · 30D

EVPF 2.4×the volume

EVPF16.6KQTPI6.86K

EVPF vs QTPI Performance

Aug 7, 2026 – Nov 9, 2026

−0.4%EVPF−1.3%QTPI

Expense ratio: EVPF 0.39%, better; QTPI 0.60%
Fund size: EVPF $58M; QTPI $77M
1Y total return: EVPF No data; QTPI +1.1%
Yield (12M): EVPF No data; QTPI 4.42%
Holdings: EVPF 81; QTPI 55
Avg volume (30D): EVPF 16.6K sh, better; QTPI 6.86K sh
NAV per share: EVPF $48.43; QTPI $24.74
52W range

ETF.net Grade

Pillar letters and Scores for EVPF, QTPI, with each pillar’s weight
Pillar	EVPF	QTPI
Cost30% weight	A90Higher	D25
Mission25% weight	Not scored	C54
Risk15% weight	B58	B68Higher
Tradability15% weight	C54Higher	F24
Holdings10% weight	C52Higher	C45
Durability5% weight	D36Higher	F16

Rank among Preferred Securities funds

How we build Categories ›

Same Category. EVPF and QTPI are both graded against the same 31 Preferred Securities funds, so their Grades compare head to head.

Preferred Securities⁠

Category · 31 funds

See all 31 ›

EVPF ranks 4th and QTPI 28th of 31 funds in the Preferred Securities Category.

Rank 1APFFDGlobal X U.S. Preferred ETFScore 74
Rank 2APFFiShares Preferred and Income Securities ETFScore 70
Rank 3BPFFVGlobal X Variable Rate Preferred ETFScore 69
Rank 4BEVPFEaton Vance Preferred Securities and Income ETFScore 67
Rank 5BVRPInvesco Variable Rate Preferred ETFScore 66
Rank 27CJPRFJPMorgan Preferred and Income Securities ETFScore 42
Rank 28CQTPINorth Square RCIM Tax-Advantaged Preferred and Income Securities ETFScore 40
Rank 29DPFFAVirtus InfraCap U.S. Preferred Stock ETFScore 39

Our read on each fund

ETF.net Research

EVPFBEaton Vance Preferred Securities and Income ETF

QTPICNorth Square RCIM Tax-Advantaged Preferred and Income Securities ETF

In short

EVPF Eaton Vance's preferred-securities team, ETF-wrapped: an active, concentrated run at the preferred and hybrid market for 0.39% a year, under the category's median fee. Active stock-picking in a corner usually sold by the index.

QTPI No data

Stated mandate

EVPF The Fund seeks total return and current income, primarily through preferred securities and other income-producing securities.

QTPI No data

Why people hold it

EVPF Active in a category built on indexes: Eaton Vance's fundamental team picks across preferred and hybrid securities instead of owning whatever a benchmark lists.morganstanley.com
At 0.39% a year, with no waiver propping it up, it undercuts index heavyweights PFF and PSK (0.45% each) and sits below the category median. Rare pricing for an active mandate.
Income is the mandate, not a byproduct: total return plus current income from preferred securities, with distributions declared monthly under the prospectus.
For a fund launched in 2026, the package lands in the upper tier of the roughly thirty US preferred ETFs on cost and mandate clarity.

QTPI No data

Worth knowing

EVPF Born March 2026, so there is no multi-cycle record of how the managers steer through a rate shock or a credit wobble.
Smaller and thinner-traded than the category's index incumbents, so bid-ask spreads can run wider than in the biggest preferred funds.
About 80 positions in preferred and hybrid securities, a rate- and credit-sensitive corner that ranks below bonds in the capital stack.sec.gov

QTPI No data

Full EVPF profile⁠

Full QTPI profile⁠

EVPF vs QTPI Holdings

How EVPF and QTPI differ

Overlap by weight

4.5%

Shared holdings make up 6.8% of QTPI and 4.7% of EVPF.

Level by level

Asset classBonds, Stocks0.0%
Holdings6 in both4.5%
Countryby domicile58.4%

Sector

No Sector split for EVPF and QTPI.

Country, concentration and asset class

Country by domicile

Country weights in EVPF and QTPI, widest gap first
Country	Gap	EVPF	QTPI
United States	QTPI +41.6 points	58.4%	100.0%
Canada	EVPF +15.2 points	15.2%	0.0%
United Kingdom	EVPF +4.6 points	4.6%	0.0%
Sweden	EVPF +3.7 points	3.7%	0.0%
France	EVPF +3.0 points	3.0%	0.0%
Switzerland	EVPF +2.4 points	2.4%	0.0%
Spain	EVPF +2.4 points	2.4%	0.0%
Finland	EVPF +2.3 points	2.3%	0.0%
Other countries (5)	EVPF +8.1 points	8.1%	0.0%

Outside the US: EVPF 92% developed, 8% emerging.

Concentration

Weight in the 10 largest Holdings

EVPF25.6%
QTPI29.5%

Securities held

EVPF79
QTPI55

Asset class

EVPF: Bonds
QTPI: Stocks

Holdings

Only in EVPF73
In both6
Only in QTPI49

Only in EVPF

73 securities, 95.3% of EVPF by weight

Citigroup Inc Var 12/493.70%
Wells Fargo & Co Var3.53%
Goldman Sachs Var 12/492.97%
JPMorgan Chase & Co Var2.81%
Ubs Group AG Var 12/492.45%
Banco Santander Var 12/492.39%
Nordea Bank Abp Var 09/752.30%
Toronto-Dominio Var 07/842.21%
Ing Groep NV Callable Var2.09%
Canadian Var 10/852.05%
Charles Schwab Var2.02%
Bank of America Var 05/492.00%
Bp Capital Markets Var1.99%
American Var 12/541.97%
Energy Transfer Var 12/491.97%
Corebridge Var 12/491.96%
Svenska Handelsbanken Var1.94%
Bank of Var 11/841.84%
Swedbank Ab Callable Var1.78%
Msilf Government1.71%
Nextera Energy Var 10/661.66%
Telus Corp Var 06/561.65%
Xcel Energy Inc Var 12/561.64%
Transcanada Var 10/561.53%
Sysco Holdings Var 10/561.52%
Prudential Var 03/541.52%
Global Atlantic Var 10/541.51%
Duke Energy Var 09/541.50%
Aspen Insurance Holdings1.46%
Barclays PLC Var 12/991.35%
Natwest Group Var 12/491.33%
Bnp Paribas SA Var1.30%
Bell Telephone Var 09/551.26%
Lincoln Var 07/561.26%
Japan Post Var 09/561.18%
Huntington Bancshares Var1.18%
Algonquin Power Var 01/821.14%
Cobank Acb Var 12/491.10%
Sumitomo Mitsui Var1.02%
Pnc Financial Var1.01%
Banco Mercantil Var 12/490.99%
Truist Var 12/490.98%
Societe Var 12/490.97%
Dominion Energy Var 12/490.94%
Athene Holding Ltd0.93%
Wells Fargo & Co Callable0.90%
Metlife Inc Callable0.89%
State Street Corp0.89%
Us Bancorp Callable0.89%
Bank of America Corp0.89%

Only in QTPI

49 securities, 93.2% of QTPI by weight

JPMorgan Chase & Company 6.875%, Fixed until 6/1/2029 Due 3/1/21743.50%
Citigroup, Inc. 7.625%, Fixed until 11/15/28 Due 2/15/723.24%
Wells Fargo & Company 7.625%, Fixed until 9/15/2028 Due 9/15/21733.18%
Goldman Sachs Group, Inc. (The) 7.5%, Fixed until 8/18/2028 Due 8/18/21702.87%
Bank of America Corporation 6.625%, Fixed until 5/1/2030 Due 8/1/21732.87%
AT&T, Inc. Series A2.85%
Truist Financial Corporation Series O2.79%
PNC Financial Services Group, Inc. (The) 6.25%, Fixed until 3/15/2030 Due 6/15/21732.77%
Toronto-Dominion Bank (The) 8.125%, Fixed until 10/31/2027 Due 10/31/20822.73%
BP Capital Markets plc 6.45%, Fixed until 3/1/2034 Perpetual 03/01/21742.70%
State Street Corporation 6.7%, Fixed until 3/15/2029 Due 03/15/21742.70%
Canadian Imperial Bank of Commerce 7%, Fixed Until 10/28/2030 Due 10/28/20852.67%
Bank of New York Mellon Corporation (The) 7.125%, Fixed until 12/30/2031 Due 03/20/21752.66%
Royal Bank of Canada 7.5%, Fixed until 5/2/2029 Due 5/2/20842.65%
Bank of Montreal 7.7%, Fixed until 5/26/2029 Due 5/26/20842.63%
Vistra Corporation 8.875%, Fixed until 1/15/2029 Due 1/15/21712.59%
General Motors Financial Company, Inc. 6.5%, Fixed until 9/30/2028 Due 3/30/21732.52%
Bank of Nova Scotia (The) 8.625%, Fixed until 10/27/2027 Due 10/27/20822.27%
Capital One Financial Corporation Series I2.20%
UBS Group A.G. 9.25%, Fixed until 11/13/2028 Due 05/13/21722.09%
Charles Schwab Corporation (The) Series J2.07%
M&T Bank Corporation2.02%
Morgan Stanley2.02%
Ally Financial, Inc. 7.1%, Fixed until 8/15/2031 Due 08/15/21741.92%
HSBC Holdings plc 7.05%, Fixed Until 12/05/2030 Due 12/05/21731.83%
US Bancorp Series M1.82%
Banco Bilbao Vizcaya Argentaria S.A. 9.375%, Fixed until 09/19/2029 Due 09/19/21731.80%
KeyCorporation Series F1.75%
Lloyds Banking Group plc 8%, Fixed until 09/27/2029 Due 3/27/21701.69%
Banco Santander S.A. 9.625% Fixed until 5/21/29 Due 2/21/21731.66%
Standard Chartered plc 7.75%, Fixed until 2/15/2028 Due 2/15/21731.66%
Air Lease Corporation 6%,Fixed Until 12/15/2029 Due 09/15/21731.58%
Citizens Financial Group, Inc. Series E1.56%
Morgan Stanley1.51%
NatWest Group plc 8.125%, Fixed until 5/10/2034 Due 06/30/21721.43%
Citizens Financial Group, Inc. Series I1.42%
BNP Paribas S.A. 8%, Fixed until 08/22/2031 Due 02/22/21741.33%
ING Groep N.V. 7%, Fixed until 11/16/2023 Due 11/16/21751.28%
Nordea Bank Abp 6.75%, Fixed until 11/10/2033 Due 11/10/21751.27%
Credit Agricole S.A. 7.125%, Fixed until 09/23/2035 Due 09/23/21751.23%
First Citizens BancShares, Inc. 7.5%, Fixed until 09/15/2031 Due 12/15/21741.03%
Bank of America Corporation Series NN1.02%
Receivables/Payables0.89%
Allstate Corporation (The)0.86%
UMB Financial Corporation0.61%
Bbh Sweep Vehicle0.51%
CMS Energy Corporation Series C0.50%
First Horizon Corporation Series F0.22%
Santander Holdings USA, Inc. Series H0.20%

Weight gaps

All 6 Holdings in both funds, largest gap first.

Holding weights in EVPF and QTPI, widest gap first
Holding	Gap	EVPF	QTPI
Huntington BancsharesHBANL	QTPI +1.26 points	0.10%	1.36%
Regions Financial Corp	QTPI +0.50 points	0.11%	0.61%
Fifth Third Bancorp	QTPI +0.48 points	1.28%	1.76%
Synchrony Financial	EVPF +0.18 points	0.99%	0.81%
Charles Schwab Corp/The	QTPI +0.12 points	0.91%	1.03%
Keycorp	Same weight	1.27%	1.27%

All 81 EVPF holdings⁠All QTPI holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EVPF vs QTPI Cost

Overpaying QTPI vs EVPF

$3,919

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EVPF 0.39%
$7,898
QTPI 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

EVPF 0.39%
QTPI 0.60%
Overpaying

Year by year

Year	EVPF	QTPI	Overpaying
10	$705	$1,076	$371
20	$2,725	$4,116	$1,391
30	$7,898	$11,817	$3,919

Expense ratio

0.39%EVPF, cheaper
0.60%QTPI

EVPF0.39%QTPI0.60%

0.23%2.11%

Middle half of Preferred Securities funds
Median 0.50%

EVPF 3rd cheapest of 31 funds

QTPI 23rd cheapest of 31 funds

EVPF vs QTPI Dividends

Last 12 months to Nov 9, 2026

Yield (12M): EVPF No data; QTPI 4.42%
Payout (12M): EVPF No data; QTPI $1.10
Last payment: EVPF $0.28; QTPI $0.13
Ex-dividend: EVPF Oct 30, 2026; QTPI Oct 29, 2026
Paid on: EVPF Nov 5, 2026; QTPI Nov 3, 2026
Frequency: EVPF Monthly; QTPI Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

EVPFMonthly · 8 paymentsAll EVPF payments⁠

QTPIMonthly · 23 paymentsAll QTPI payments⁠

EVPF vs QTPI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EVPF No dataQTPI 3.0%since Jan 2025
Return per unit of riskSharpe ratio, 3 years: EVPF No dataQTPI −0.17since Jan 2025
Worst fallMax drawdown, 5 years: EVPF No dataQTPI −4.1%since Dec 2024
Market sensitivityBeta, 5 years: EVPF 0.21QTPI 0.16; Market = 1

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