FPX Alternatives & Similar ETFs

First Trust US Equity Opportunities ETF (FPX) belongs to the Large Cap Growth Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FPX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FPX

FPX charges 0.57% annually. There are 135 ETFs in the Large Cap Growth Equities category with lower expense ratios, going as low as 0.03%.

Symbol	Name	Expense Ratio	AUM	Inception
ILCB	iShares Morningstar U.S. Equity ETF	0.03%	1.27B	Jun 2004	FPX vs ILCB
VUG	Vanguard Growth ETF	0.03%	378.80B	Jan 2004	FPX vs VUG
PBUS	Invesco PureBeta MSCI USA ETF	0.04%	11.37B	Sep 2017	FPX vs PBUS
SCHG	Schwab U.S. Large-Cap Growth ETF	0.04%	59.97B	Dec 2009	FPX vs SCHG
IUSG	iShares Core S&P U.S. Growth ETF	0.04%	32.12B	Jul 2000	FPX vs IUSG

Best Risk-Adjusted Alternatives to FPX

FPX has a PortfoliosLab risk / return rank of 30. There are 104 ETFs in the Large Cap Growth Equities category with higher risk-adjusted ranks, going as high as 91.

Symbol	Name	Risk / Return Rank	AUM	Inception
DGRO	iShares Core Dividend Growth ETF	91	42.77B	Jun 2014	FPX vs DGRO
ROUS	Hartford Multifactor US Equity ETF	91	705.83M	Feb 2015	FPX vs ROUS
QARP	Xtrackers Russell 1000 US Quality at a Reasonable ...	90	76.03M	Apr 2018	FPX vs QARP
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	89	290.05M	Aug 2017	FPX vs MFUS
RFDA	RiverFront Dynamic US Dividend Advantage ETF	89	88.05M	Jun 2016	FPX vs RFDA

Top Performing FPX Alternatives (YTD)

FPX is at 8.51% YTD. There are 86 ETFs in the Large Cap Growth Equities category with higher YTD returns, going as high as 25.69%.

Symbol	Name	YTD Return	AUM	Inception
GARY	Mango Growth ETF	25.69%	239.95M	Dec 2025	FPX vs GARY
SGRT	SMART Earnings Growth ETF	25.07%	50.41M	Aug 2025	FPX vs SGRT
SPIT	F/m Emerald Special Situations ETF	24.45%	29.00M	Aug 2014	FPX vs SPIT
VEGN	US Vegan Climate ETF	23.72%	186.14M	Sep 2019	FPX vs VEGN
BIBL	Inspire 100 ETF	21.43%	479.22M	Oct 2017	FPX vs BIBL

Lowest Volatility Alternatives to FPX

FPX has 26.29% 1-year volatility. There are 194 ETFs in the Large Cap Growth Equities category with lower 1-year volatility, going as low as 8.20%.

Symbol	Name	Volatility 1Y	AUM	Inception
CCOR	Core Alternative ETF	8.20%	39.10M	May 2017	FPX vs CCOR
QUS	SPDR MSCI USA StrategicFactors ETF	9.24%	1.53B	Apr 2015	FPX vs QUS
PFM	Invesco Dividend Achievers™ ETF	9.52%	789.78M	Sep 2005	FPX vs PFM
DGRO	iShares Core Dividend Growth ETF	9.61%	42.77B	Jun 2014	FPX vs DGRO
QWLD	SPDR MSCI World StrategicFactors ETF	9.71%	174.18M	Jun 2014	FPX vs QWLD

Lowest Drawdown Alternatives to FPX

FPX has a 1-year max drawdown of -16.29%. There are 125 ETFs in the Large Cap Growth Equities category with shallower 1-year drawdowns, going as shallow as -5.45%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
RFDA	RiverFront Dynamic US Dividend Advantage ETF	-5.45%	88.05M	Jun 2016	FPX vs RFDA
ROUS	Hartford Multifactor US Equity ETF	-5.97%	705.83M	Feb 2015	FPX vs ROUS
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	-6.39%	290.05M	Aug 2017	FPX vs MFUS
DGRO	iShares Core Dividend Growth ETF	-6.47%	42.77B	Jun 2014	FPX vs DGRO
QUS	SPDR MSCI USA StrategicFactors ETF	-6.85%	1.53B	Apr 2015	FPX vs QUS

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 16 categories. AUM among these funds goes as high as $25B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Cybersecurity, Technology Equities	39	28.86%	14.31B	Jul 2015	FPX vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Infrastructure Equities, Alternative Energy Equities, Energy Equities	49	17.75%	11.67B	Nov 2009	FPX vs GRID
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	54	19.12%	10.18B	Mar 2014	FPX vs AIRR
NFTY	First Trust India NIFTY 50 Equal Weight ETF	India Equities, Equal Weight, Asia Pacific Equities	8	-5.91%	118.19M	Feb 2012	FPX vs NFTY
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	92	18.16%	7.77B	Mar 2006	FPX vs FDL
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	25	-6.56%	514.13M	Mar 2021	FPX vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	91	67.20%	1.27B	Sep 2016	FPX vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	43	14.88%	4.18B	Aug 2012	FPX vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities, Energy Equities	39	10.48%	586.61M	Feb 2007	FPX vs QCLN
RDVY	First Trust Rising Dividend Achievers ETF	Dividend, Large Cap Blend Equities	85	17.25%	24.89B	Jan 2014	FPX vs RDVY

Often Compared With FPX

Investors most often compare FPX with IPO, SPY, IBUY. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
IPO	Renaissance IPO ETF	Mid Cap Growth Equities	19	12.19%	159.56M	Oct 2013	FPX vs IPO
SPY	State Street SPDR S&P 500 ETF	S&P 500	67	10.13%	789.06B	Jan 1993	FPX vs SPY
IBUY	Amplify Online Retail ETF	Consumer Discretionary Equities	12	-3.82%	106.98M	Apr 2016	FPX vs IBUY
MSOS	AdvisorShares Pure US Cannabis ETF	Small Cap Blend Equities, Cannabis, Actively Managed	31	-10.38%	852.98M	Sep 2020	FPX vs MSOS
MJ	Amplify Alternative Harvest ETF	Small Cap Blend Equities, Cannabis	19	-22.96%	101.98M	Dec 2015	FPX vs MJ
VOO	Vanguard S&P 500 ETF	S&P 500	68	10.16%	1.70T	Sep 2010	FPX vs VOO
URNM	Sprott Uranium Miners ETF	Uranium	17	-11.51%	1.79B	Dec 2019	FPX vs URNM
IPOS	Renaissance International IPO ETF	Foreign Large Cap Equities	61	32.73%	11.77M	Oct 2014	FPX vs IPOS
DAT	ProShares Big Data Refiners ETF	Technology Equities	9	-1.35%	5.61M	Sep 2021	FPX vs DAT
FPXI	First Trust International Equity Opportunities ETF	Foreign Large Cap Equities	35	16.35%	282.14M	Nov 2014	FPX vs FPXI
IWY	iShares Russell Top 200 Growth ETF	Large Cap Growth Equities	21	-0.03%	15.79B	Sep 2009	FPX vs IWY
PWRD	TCW Transform Systems ETF	Energy Equities	25	12.31%	1.47B	Feb 2022	FPX vs PWRD
FTEC	Fidelity MSCI Information Technology Index ETF	Technology Equities	52	20.47%	20.96B	Oct 2013	FPX vs FTEC
FPX.L	First Trust US IPO Index UCITS ETF	Large Cap Growth Equities	27	6.97%	12.44M	Aug 2015	FPX vs FPX.L
ALAI	Alger AI Enablers & Adopters ETF	Artificial Intelligence, Technology Equities	45	19.08%	303.87M	Apr 2024	FPX vs ALAI
QQQ	Invesco QQQ ETF	Nasdaq-100	49	12.26%	452.80B	Mar 1999	FPX vs QQQ
FCTR	First Trust Lunt U.S. Factor Rotation ETF	Large Cap Growth Equities	28	7.63%	53.55M	Jul 2018	FPX vs FCTR
SCHB	Schwab U.S. Broad Market ETF	Large Cap Blend Equities	67	10.58%	43.26B	Nov 2009	FPX vs SCHB
BSV	Vanguard Short-Term Bond Index Fund ETF Shares	Short-Term Bond	71	0.42%	69.90B	Apr 2007	FPX vs BSV
FBCG	Fidelity Blue Chip Growth ETF	Large Cap Growth Equities	37	9.01%	6.97B	Jun 2020	FPX vs FBCG

Compare FPX with Any Fund or Stock

Compare FPX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair FPX with funds that move differently

First Trust US Equity Opportunities ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FPX.

Explore FPX Diversifiers

First Trust US Equity Opportunities ETF (FPX) Alternatives