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First Trust US Equity Opportunities ETF (FPX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US3369201039

CUSIP

336920103

Inception Date

Apr 12, 2006

Region

North America (U.S.)

Leveraged

1x

Index Tracked

IPOX-100 U.S. Index

Asset Class

Equity

Asset Class Size

Multi-Cap

Asset Class Style

Growth

Expense Ratio

FPX has an expense ratio of 0.57%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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S&P 500

Returns By Period

First Trust US Equity Opportunities ETF (FPX) returned 14.29% year-to-date (YTD) and 32.46% over the past 12 months. Over the past 10 years, FPX returned 10.20% annually, underperforming the S&P 500 benchmark at 10.88%.


FPX

YTD

14.29%

1M

16.21%

6M

6.28%

1Y

32.46%

3Y*

14.08%

5Y*

12.09%

10Y*

10.20%

^GSPC (Benchmark)

YTD

0.68%

1M

7.17%

6M

-1.66%

1Y

11.63%

3Y*

12.51%

5Y*

14.34%

10Y*

10.88%

*Annualized

Monthly Returns

The table below presents the monthly returns of FPX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20259.97%-6.65%-8.91%6.55%14.72%14.29%
2024-2.41%9.69%3.08%-6.40%0.60%-0.29%0.83%3.38%6.42%1.40%15.00%-6.91%24.75%
20238.10%-1.73%0.73%-4.78%1.65%8.44%8.25%-7.49%-4.82%-8.45%13.97%9.46%22.26%
2022-13.17%-0.69%3.32%-11.89%-4.80%-10.05%9.08%-0.96%-8.56%7.32%-0.85%-8.16%-35.11%
20213.68%3.55%-6.12%4.07%-2.41%5.34%-0.49%1.68%-4.26%5.93%-5.43%-0.91%3.69%
20202.04%-6.54%-17.58%15.28%11.25%3.79%7.16%7.86%-0.17%-1.15%18.15%4.88%47.89%
201911.96%4.74%2.98%2.74%-4.39%6.09%2.04%-0.58%-3.83%1.36%3.76%0.97%30.38%
20186.58%-3.19%-2.50%0.04%3.05%1.33%-1.01%7.03%-1.72%-8.48%0.15%-8.61%-8.34%
20172.66%2.41%1.10%1.92%1.56%0.65%1.93%1.10%3.99%3.16%2.54%1.20%27.03%
2016-7.71%-0.59%6.87%1.64%1.77%-2.12%5.46%0.88%1.16%-3.61%2.66%0.94%6.72%
2015-2.27%7.45%2.05%-0.78%2.38%-0.12%2.75%-7.60%-5.83%7.04%0.75%-2.43%2.28%
2014-1.63%6.61%-3.37%-0.68%1.71%4.00%-2.47%5.50%-2.70%1.58%3.64%-0.45%11.71%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 80, FPX is among the top 20% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of FPX is 8080
Overall Rank
The Sharpe Ratio Rank of FPX is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of FPX is 8282
Sortino Ratio Rank
The Omega Ratio Rank of FPX is 8181
Omega Ratio Rank
The Calmar Ratio Rank of FPX is 8282
Calmar Ratio Rank
The Martin Ratio Rank of FPX is 7575
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for First Trust US Equity Opportunities ETF (FPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

First Trust US Equity Opportunities ETF Sharpe ratios as of May 28, 2025 (values are recalculated daily):

  • 1-Year: 1.02
  • 5-Year: 0.45
  • 10-Year: 0.43
  • All Time: 0.49

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of First Trust US Equity Opportunities ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

First Trust US Equity Opportunities ETF provided a 0.08% dividend yield over the last twelve months, with an annual payout of $0.11 per share.


0.00%0.20%0.40%0.60%0.80%1.00%$0.00$0.20$0.40$0.60$0.8020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.11$0.11$0.26$0.85$0.17$0.33$0.54$0.55$0.47$0.42$0.32$0.40

Dividend yield

0.08%0.09%0.27%1.08%0.14%0.28%0.67%0.88%0.68%0.77%0.62%0.79%

Monthly Dividends

The table displays the monthly dividend distributions for First Trust US Equity Opportunities ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.01$0.00$0.00$0.01
2024$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.10$0.11
2023$0.00$0.00$0.14$0.00$0.00$0.05$0.00$0.00$0.06$0.00$0.00$0.02$0.26
2022$0.00$0.00$0.07$0.00$0.00$0.15$0.00$0.00$0.13$0.00$0.00$0.50$0.85
2021$0.00$0.00$0.09$0.00$0.00$0.00$0.00$0.00$0.08$0.00$0.00$0.00$0.17
2020$0.00$0.00$0.14$0.00$0.00$0.08$0.00$0.00$0.04$0.00$0.00$0.07$0.33
2019$0.00$0.00$0.05$0.00$0.00$0.12$0.00$0.00$0.20$0.00$0.00$0.17$0.54
2018$0.00$0.00$0.11$0.00$0.00$0.19$0.00$0.00$0.10$0.00$0.00$0.16$0.55
2017$0.00$0.00$0.16$0.00$0.00$0.08$0.00$0.00$0.12$0.00$0.00$0.11$0.47
2016$0.00$0.00$0.09$0.00$0.00$0.14$0.00$0.00$0.07$0.00$0.00$0.11$0.42
2015$0.00$0.00$0.07$0.00$0.00$0.07$0.00$0.00$0.08$0.00$0.00$0.10$0.32
2014$0.11$0.00$0.00$0.10$0.00$0.00$0.09$0.00$0.00$0.11$0.40

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the First Trust US Equity Opportunities ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Trust US Equity Opportunities ETF was 56.29%, occurring on Nov 20, 2008. Recovery took 534 trading sessions.

The current First Trust US Equity Opportunities ETF drawdown is 4.84%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-56.29%Dec 27, 2007229Nov 20, 2008534Feb 14, 2011763
-43.14%Nov 10, 2021495Oct 30, 2023317Feb 5, 2025812
-36.97%Feb 20, 202023Mar 23, 202074Jul 8, 202097
-30.88%Feb 19, 202533Apr 4, 2025
-24.12%Jul 21, 2015143Feb 11, 2016247Feb 3, 2017390
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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