FPX.L vs. R1GB.L
Compare and contrast key facts about First Trust US IPO Index UCITS ETF (FPX.L) and iShares Russell 1000 Growth UCITS ETF USD Acc (R1GB.L).
FPX.L and R1GB.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPX.L is a passively managed fund by First Trust that tracks the performance of the Russell 1000 Growth TR USD. It was launched on Aug 14, 2015. R1GB.L is a passively managed fund by iShares that tracks the performance of the Russell 1000 Growth UCITS 30/18 Capped Net Tax 15% Index. It was launched on Jun 28, 2023. Both FPX.L and R1GB.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FPX.L vs. R1GB.L - Performance Comparison
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FPX.L vs. R1GB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FPX.L First Trust US IPO Index UCITS ETF | -0.74% | 26.94% | 23.10% |
R1GB.L iShares Russell 1000 Growth UCITS ETF USD Acc | -8.60% | 9.47% | -13.92% |
Different Trading Currencies
FPX.L is traded in GBp, while R1GB.L is traded in GBP. To make them comparable, the R1GB.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FPX.L achieves a -0.74% return, which is significantly higher than R1GB.L's -8.60% return.
FPX.L
- 1D
- 3.85%
- 1M
- -1.99%
- YTD
- -0.74%
- 6M
- -0.84%
- 1Y
- 39.63%
- 3Y*
- 21.50%
- 5Y*
- 7.00%
- 10Y*
- —
R1GB.L
- 1D
- 2.06%
- 1M
- -3.53%
- YTD
- -8.60%
- 6M
- -6.92%
- 1Y
- 15.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FPX.L vs. R1GB.L - Expense Ratio Comparison
FPX.L has a 0.65% expense ratio, which is higher than R1GB.L's 0.18% expense ratio.
Return for Risk
FPX.L vs. R1GB.L — Risk / Return Rank
FPX.L
R1GB.L
FPX.L vs. R1GB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US IPO Index UCITS ETF (FPX.L) and iShares Russell 1000 Growth UCITS ETF USD Acc (R1GB.L). 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.
| FPX.L | R1GB.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 0.81 | +0.64 |
Sortino ratioReturn per unit of downside risk | 2.06 | 1.25 | +0.81 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.16 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.06 | 0.96 | +2.10 |
Martin ratioReturn relative to average drawdown | 9.67 | 2.86 | +6.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FPX.L | R1GB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 0.81 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | -0.32 | +1.05 |
Correlation
The correlation between FPX.L and R1GB.L is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FPX.L vs. R1GB.L - Dividend Comparison
Neither FPX.L nor R1GB.L has paid dividends to shareholders.
Drawdowns
FPX.L vs. R1GB.L - Drawdown Comparison
The maximum FPX.L drawdown since its inception was -36.97%, which is greater than R1GB.L's maximum drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for FPX.L and R1GB.L.
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Drawdown Indicators
| FPX.L | R1GB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.97% | -33.43% | -3.54% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -15.75% | +2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -36.97% | — | — |
Current DrawdownCurrent decline from peak | -5.31% | -14.18% | +8.87% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -16.33% | +4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 5.28% | -1.43% |
Volatility
FPX.L vs. R1GB.L - Volatility Comparison
First Trust US IPO Index UCITS ETF (FPX.L) has a higher volatility of 6.77% compared to iShares Russell 1000 Growth UCITS ETF USD Acc (R1GB.L) at 4.59%. This indicates that FPX.L's price experiences larger fluctuations and is considered to be riskier than R1GB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPX.L | R1GB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 4.59% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 17.91% | 11.37% | +6.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.39% | 19.19% | +8.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.79% | 25.30% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.67% | 25.30% | +0.37% |