- ISIN
- US33734X7883
- CUSIP
- 33734X788
- Issuer
- First Trust
- Inception Date
- Oct 4, 2018
- Region
- Developed Markets (Broad)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- IPOX 100 Europe Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $5M
Share Price Chart
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Performance
FPXE Performance Chart
First Trust IPOX Europe Equity Opportunities ETF (FPXE) is up 15.4% since the beginning of the year. FPXE is currently trading at $36 per share. Investors who bought $1,000 worth of FPXE shares 5 years ago would now be looking at an investment worth $1,314.
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Returns By Period
First Trust IPOX Europe Equity Opportunities ETF (FPXE) has returned 15.39% so far this year and 22.10% over the past 12 months.
First Trust IPOX Europe Equity Opportunities ETF
- 1D
- -0.38%
- 1M
- 2.31%
- YTD
- 15.39%
- 6M
- 15.40%
- 1Y
- 22.10%
- 3Y*
- 22.51%
- 5Y*
- 5.61%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FPXE Monthly Returns History
Based on dividend-adjusted daily data since Oct 5, 2018, FPXE's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, an investment would double in approximately 6.0 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2022 with a return of +13.6%, while the worst month was Jan 2022 at -14.8%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FPXE closed higher 47% of trading days. The best single day was Mar 25, 2020 with a return of +10.2%, while the worst single day was Mar 11, 2020 at -13.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.12% | 3.21% | -6.65% | 8.83% | 6.01% | 0.66% | 15.39% | ||||||
| 2025 | 7.57% | -1.58% | -5.17% | 7.37% | 8.73% | 5.15% | -0.11% | 2.26% | 1.17% | -3.14% | -1.47% | 2.40% | 24.46% |
| 2024 | 0.27% | 9.67% | 2.89% | -4.76% | 7.75% | -0.58% | 0.94% | 3.42% | 0.08% | -2.29% | 3.00% | -4.19% | 16.31% |
| 2023 | 6.81% | -0.54% | 2.30% | 1.56% | -4.93% | 4.18% | 3.23% | -3.31% | -3.87% | -4.53% | 8.19% | 5.65% | 14.45% |
| 2022 | -14.75% | -7.16% | 0.65% | -12.15% | 1.75% | -12.44% | 8.31% | -6.94% | -12.57% | 6.44% | 13.61% | -2.36% | -35.13% |
| 2021 | -1.03% | 1.42% | -3.88% | 7.10% | 0.38% | 0.30% | 6.50% | 3.97% | -8.23% | 5.51% | -2.90% | 0.64% | 9.00% |
Benchmark Metrics
First Trust IPOX Europe Equity Opportunities ETF has an annualized alpha of 0.82%, beta of 0.75, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since October 05, 2018.
- This ETF participated in 106.99% of S&P 500 Index downside but only 92.93% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.45 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.82%
- Beta
- 0.75
- R²
- 0.45
- Upside Capture
- 92.93%
- Downside Capture
- 106.99%
Expense Ratio
FPXE has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FPXE ranks 36 for risk / return — below 36% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust IPOX Europe Equity Opportunities ETF (FPXE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FPXE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 2.78 | -0.83 |
| Martin ratioReturn relative to average drawdown | 6.03 | 12.44 | -6.41 |
Dividends
Dividend History
First Trust IPOX Europe Equity Opportunities ETF provided a 1.00% dividend yield over the last twelve months, with an annual payout of $0.36 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.36 | $0.54 | $0.45 | $0.36 | $0.15 | $0.39 | $0.45 |
Dividend yield | 1.00% | 1.15% | 2.10% | 2.03% | 1.81% | 0.47% | 1.35% | 2.06% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust IPOX Europe Equity Opportunities ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.36 |
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.54 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.18 | $0.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.03 | $0.36 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.15 |
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 IPOX Europe 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 IPOX Europe Equity Opportunities ETF was 49.55%, occurring on Oct 12, 2022. Recovery took 685 trading sessions.
The current First Trust IPOX Europe Equity Opportunities ETF drawdown is 0.38%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -49.55%Oct 2022 | 1y 1mo | 2y 9mo | 3y 10moSep 2021 - Jul 2025 |
COVID crash2020 | -30.64%Mar 2020 | 25d | 2mo 17d | 3mo 12dFeb 2020 - Jun 2020 |
Rate-hike selloffLate 2018 | -15.65%Dec 2018 | 2mo 14d | 2mo 29d | 5mo 13dOct 2018 - Mar 2019 |
2021 correction2021 | -13.76%Mar 2021 | 19d | 4mo 16d | 5mo 5dFeb 2021 - Jul 2021 |
2026 correction2026 | -11.33%Mar 2026 | 22d | 24d | 1mo 16dFeb 2026 - Apr 2026 |
Drawdown Indicators
| FPXE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.55% | -56.78% | +7.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.33% | -9.10% | -2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -19.28% | -18.90% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -49.55% | -25.43% | -24.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.38% | -1.80% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -14.61% | -10.71% | -3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 2.03% | +1.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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