FPX vs. BSV
Compare and contrast key facts about First Trust US Equity Opportunities ETF (FPX) and Vanguard Short-Term Bond ETF (BSV).
FPX and BSV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPX is a passively managed fund by First Trust that tracks the performance of the IPOX-100 U.S. Index. It was launched on Apr 12, 2006. BSV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007. Both FPX and BSV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPX or BSV.
Key characteristics
| FPX | BSV | |
|---|---|---|
| YTD Return | 29.42% | 3.10% |
| 1Y Return | 50.60% | 6.04% |
| 3Y Return (Ann) | -2.27% | 0.69% |
| 5Y Return (Ann) | 10.27% | 1.21% |
| 10Y Return (Ann) | 10.36% | 1.56% |
| Sharpe Ratio | 2.37 | 2.33 |
| Sortino Ratio | 3.18 | 3.65 |
| Omega Ratio | 1.40 | 1.46 |
| Calmar Ratio | 1.33 | 1.28 |
| Martin Ratio | 11.46 | 10.53 |
| Ulcer Index | 4.46% | 0.58% |
| Daily Std Dev | 21.60% | 2.62% |
| Max Drawdown | -56.29% | -8.54% |
| Current Drawdown | -7.53% | -1.50% |
Correlation
The correlation between FPX and BSV is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FPX vs. BSV - Performance Comparison
In the year-to-date period, FPX achieves a 29.42% return, which is significantly higher than BSV's 3.10% return. Over the past 10 years, FPX has outperformed BSV with an annualized return of 10.36%, while BSV has yielded a comparatively lower 1.56% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FPX vs. BSV - Expense Ratio Comparison
FPX has a 0.57% expense ratio, which is higher than BSV's 0.04% expense ratio.
Risk-Adjusted Performance
FPX vs. BSV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Opportunities ETF (FPX) and Vanguard Short-Term Bond ETF (BSV). 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.
Dividends
FPX vs. BSV - Dividend Comparison
FPX's dividend yield for the trailing twelve months is around 0.02%, less than BSV's 3.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPX First Trust US Equity Opportunities ETF | 0.02% | 0.27% | 1.08% | 0.14% | 0.28% | 0.67% | 0.88% | 0.68% | 0.77% | 0.62% | 0.79% | 0.51% |
BSV Vanguard Short-Term Bond ETF | 3.27% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.49% | 1.40% | 1.45% | 1.48% |
Drawdowns
FPX vs. BSV - Drawdown Comparison
The maximum FPX drawdown since its inception was -56.29%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for FPX and BSV. For additional features, visit the drawdowns tool.
Volatility
FPX vs. BSV - Volatility Comparison
First Trust US Equity Opportunities ETF (FPX) has a higher volatility of 7.11% compared to Vanguard Short-Term Bond ETF (BSV) at 0.56%. This indicates that FPX's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.