AVDE vs. FPX

Last updated Jun 13, 2026

AVDE (Avantis International Equity ETF) and FPX (First Trust US Equity Opportunities ETF) are both exchange-traded funds - AVDE is a Foreign Large Cap Equities fund actively managed by Avantis, while FPX is a Large Cap Growth Equities fund tracking the IPOX-100 U.S. Index. AVDE is actively managed, while FPX is passively managed. Over the past 5 years, AVDE returned 9.98%/yr vs 9.62%/yr for FPX. A 0.65 correlation means they provide meaningful diversification when combined. AVDE charges 0.23%/yr vs 0.57%/yr for FPX.

Performance

AVDE vs. FPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Equity ETF (AVDE) and First Trust US Equity Opportunities ETF (FPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVDE achieves a 10.87% return, which is significantly lower than FPX's 17.68% return.

AVDE

• 1D: 0.59%
• 1M: -0.22%
• YTD: 10.87%
• 6M: 12.42%
• 1Y: 26.32%
• 3Y*: 19.56%
• 5Y*: 9.98%
• 10Y*: —

FPX

• 1D: 1.06%
• 1M: 2.85%
• YTD: 17.68%
• 6M: 15.20%
• 1Y: 38.72%
• 3Y*: 30.19%
• 5Y*: 9.62%
• 10Y*: 14.99%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVDE vs. FPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVDE Avantis International Equity ETF	10.87%	38.05%	4.88%	17.18%	-13.68%	13.62%	8.26%	7.95%
FPX First Trust US Equity Opportunities ETF	17.68%	37.62%	24.75%	22.26%	-35.11%	3.69%	47.89%	5.13%

Correlation

The correlation between AVDE and FPX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.65

The correlation between AVDE and FPX has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.

AVDE vs. FPX - Sectors Allocation Comparison

Sectors	AVDE	FPX
Financial Services	23.8%	3.0%
Industrials	20.3%	20.0%
Basic Materials	11.2%	3.3%
Consumer Cyclical	9.3%	3.5%
Energy	8.0%	4.4%
Technology	7.1%	29.8%
Healthcare	5.8%	16.1%
Consumer Defensive	4.6%	2.3%
Utilities	4.4%	6.5%
Communication Services	3.8%	7.0%
Real Estate	1.7%	4.2%

Return for Risk

AVDE vs. FPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVDE

AVDE Risk / Return Rank: 58
AVDE Sharpe Ratio Rank: 60
AVDE Sortino Ratio Rank: 60
AVDE Omega Ratio Rank: 59
AVDE Calmar Ratio Rank: 52
AVDE Martin Ratio Rank: 58

FPX

FPX Risk / Return Rank: 58
FPX Sharpe Ratio Rank: 55
FPX Sortino Ratio Rank: 49
FPX Omega Ratio Rank: 49
FPX Calmar Ratio Rank: 71
FPX Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVDE vs. FPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity ETF (AVDE) and First Trust US Equity Opportunities ETF (FPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	AVDE	FPX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.63	+0.13
Sortino ratio: Return per unit of downside risk	2.47	2.15	+0.32
Omega ratio: Gain probability vs. loss probability	1.32	1.27	+0.04
Calmar ratio: Return relative to maximum drawdown	2.30	3.17	-0.87
Martin ratio: Return relative to average drawdown	9.00	10.10	-1.10

AVDE vs. FPX - Sharpe Ratio Comparison

The current AVDE Sharpe Ratio is 1.76, which is comparable to the FPX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of AVDE and FPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVDE vs. FPX - Drawdown Comparison

The maximum AVDE drawdown since its inception was -36.99%, smaller than the maximum FPX drawdown of -56.29%. Use the drawdown chart below to compare losses from any high point for AVDE and FPX.

Drawdown Indicators

	AVDE	FPX	Difference
Max Drawdown Largest peak-to-trough decline	-36.99%	-56.29%	+19.30%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-12.28%	+0.80%
Max Drawdown (3Y) Largest decline over 3 years	-13.46%	-30.88%	+17.42%
Max Drawdown (5Y) Largest decline over 5 years	-28.73%	-43.14%	+14.41%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.14%	—
Current Drawdown Current decline from peak	-1.09%	-1.34%	+0.25%
Average Drawdown Average peak-to-trough decline	-6.15%	-11.33%	+5.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	3.85%	-0.91%

Volatility

AVDE vs. FPX - Volatility Comparison

The current volatility for Avantis International Equity ETF (AVDE) is 5.57%, while First Trust US Equity Opportunities ETF (FPX) has a volatility of 8.02%. This indicates that AVDE experiences smaller price fluctuations and is considered to be less risky than FPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVDE	FPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	8.02%	-2.45%
Volatility (6M) Calculated over the trailing 6-month period	12.80%	18.09%	-5.29%
Volatility (1Y) Calculated over the trailing 1-year period	15.06%	23.90%	-8.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	26.62%	-10.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.93%	24.36%	-5.43%

AVDE vs. FPX - Expense Ratio Comparison

AVDE has a 0.23% expense ratio, which is lower than FPX's 0.57% expense ratio.

Dividends

AVDE vs. FPX - Dividend Comparison

AVDE's dividend yield for the trailing twelve months is around 3.84%, more than FPX's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVDE Avantis International Equity ETF	3.84%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%	0.00%	0.00%	0.00%	0.00%
FPX First Trust US Equity Opportunities ETF	0.49%	0.53%	0.09%	0.27%	1.08%	0.14%	0.28%	0.67%	0.88%	0.68%	0.77%	0.62%

Frequently Asked Questions

Can I hold both AVDE and FPX in my portfolio?

AVDE and FPX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVDE or FPX?

FPX has higher volatility (8.02%) compared to AVDE (5.57%). In terms of maximum drawdown, AVDE dropped -36.99% vs FPX's -56.29%.

Which ETF is better, AVDE or FPX?

On 5-year performance, AVDE leads with 9.98% vs 9.62% for FPX. On fees, AVDE is cheaper at 0.23% per year. On volatility, AVDE has been the lower-risk option at 5.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVDE or FPX?

Over the 5-year period, AVDE has performed better with a 9.98% return vs 9.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVDE or FPX?

AVDE is cheaper with a 0.23% expense ratio, compared with 0.57% for FPX.

Which ETF pays a higher dividend yield, AVDE or FPX?

AVDE has the higher dividend yield at 3.84%, compared with 0.49% for FPX.

What is the main difference between AVDE and FPX?

AVDE is categorized as Foreign Large Cap Equities, while FPX is Large Cap Growth Equities. They also come from different issuers: Avantis and First Trust. Their fees differ too: 0.23% for AVDE and 0.57% for FPX.

Which has better risk-adjusted returns?

AVDE currently has the higher Sharpe Ratio (1.76 vs 1.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.