- Issuer
- First Trust
- Inception Date
- Jun 22, 2021
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- First Trust IPOX Europe Equity Opportunities UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
IPXE.L Performance Chart
First Trust IPOX Europe Equity Opportunities UCITS ETF (IPXE.L) is up 6.6% since the beginning of the year. IPXE.L is currently trading at $29 per share. Investors who bought $1,000 worth of IPXE.L shares 5 years ago would now be looking at an investment worth $1,177.
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Returns By Period
First Trust IPOX Europe Equity Opportunities UCITS ETF (IPXE.L) has returned 6.58% so far this year and 6.86% over the past 12 months.
First Trust IPOX Europe Equity Opportunities UCITS ETF
- 1D
- -0.78%
- 1M
- -7.61%
- 6M
- 5.17%
- YTD
- 6.58%
- 1Y
- 6.86%
- 3Y*
- 15.74%
- 5Y*
- 3.32%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
IPXE.L Monthly Returns History
Based on dividend-adjusted daily data since Jun 22, 2021, IPXE.L's average daily return is +0.04%, while the average monthly return is +0.77%. At this rate, an investment would double in approximately 7.5 years.
Historically, 60% of months were positive and 40% were negative. The best month was Jun 2021 with a return of +19.8%, while the worst month was Jan 2022 at -15.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, IPXE.L closed higher 53% of trading days. The best single day was Jun 24, 2021 with a return of +21.1%, while the worst single day was Nov 16, 2023 at -9.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.66% | 3.13% | -8.48% | 10.10% | 6.23% | -1.92% | -5.03% | 6.58% | |||||
| 2025 | 7.90% | -2.55% | -5.46% | 6.84% | 9.52% | 5.33% | 0.30% | 1.79% | 0.62% | -2.99% | -1.47% | 2.37% | 23.15% |
| 2024 | 0.30% | 8.49% | 3.37% | -4.40% | 6.23% | 0.19% | 1.07% | 2.85% | 0.40% | -2.27% | 2.92% | -3.59% | 15.84% |
| 2023 | 5.78% | 0.45% | 1.98% | 1.12% | -0.58% | -0.11% | 3.20% | -2.94% | -3.59% | -5.47% | 9.29% | 5.76% | 14.82% |
| 2022 | -15.54% | -4.55% | -0.07% | -11.43% | -0.17% | -12.56% | 8.01% | -5.81% | -11.90% | 4.74% | 11.48% | 0.00% | -34.82% |
| 2021 | 19.83% | 6.32% | 3.49% | -6.94% | 4.73% | -3.25% | 0.99% | 25.55% |
Benchmark Metrics
First Trust IPOX Europe Equity Opportunities UCITS ETF has an annualized alpha of 1.41%, beta of 0.62, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since June 22, 2021.
- This ETF participated in 123.57% of S&P 500 Index downside but only 104.16% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.62 may look defensive, but with R2 of 0.19 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.19 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.41%
- Beta
- 0.62
- R²
- 0.19
- Upside Capture
- 104.16%
- Downside Capture
- 123.57%
Return for Risk
Risk / Return Rank
IPXE.L ranks 16 for risk / return — in the bottom 16% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust IPOX Europe Equity Opportunities UCITS ETF (IPXE.L) 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.
| IPXE.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.31 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 2.35 | -1.75 |
| Martin ratioReturn relative to average drawdown | 1.61 | 10.19 | -8.58 |
Dividends
Dividend History
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 UCITS 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 UCITS ETF was 49.41%, occurring on Oct 12, 2022. Recovery took 680 trading sessions.
The current First Trust IPOX Europe Equity Opportunities UCITS ETF drawdown is 8.94%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-49.41%Oct 2022 | 1y 1mo | 2y 9mo | 3y 10moSep 2021 - Jul 2025 | Bear market2022 |
-10.85%Mar 2026 | 1mo 2d | 15d | 1mo 17dFeb 2026 - Apr 2026 | — |
-9.75%Nov 2025 | 2mo 27d | 2mo 6d | 5mo 3dAug 2025 - Jan 2026 | — |
-8.94%Jul 2026 | 28d | — | 28dJun 2026 - now | — |
-6.39%Jun 2026 | 7d | 7d | 14dJun 2026 - Jun 2026 | — |
Drawdown Indicators
| IPXE.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.41% | -56.78% | +7.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -9.10% | -1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -19.60% | -18.90% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -49.41% | -25.43% | -23.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -8.94% | -0.49% | -8.45% |
Average DrawdownAverage peak-to-trough decline | -19.91% | -10.70% | -9.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 2.09% | +1.96% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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