FPX vs. GARY
FPX (First Trust US Equity Opportunities ETF) and GARY (Mango Growth ETF) are both Large Cap Growth Equities funds. FPX is passively managed, while GARY is actively managed. A 0.77 correlation means they provide meaningful diversification when combined. FPX charges 0.57%/yr vs 0.77%/yr for GARY.
Performance
FPX vs. GARY - Performance Comparison
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Returns By Period
In the year-to-date period, FPX achieves a 15.77% return, which is significantly lower than GARY's 30.03% return.
FPX
- 1D
- -3.28%
- 1M
- -1.62%
- 6M
- 11.78%
- YTD
- 15.77%
- 1Y
- 33.20%
- 3Y*
- 27.83%
- 5Y*
- 9.54%
- 10Y*
- 14.31%
GARY
- 1D
- -1.55%
- 1M
- -0.00%
- 6M
- 22.99%
- YTD
- 30.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FPX vs. GARY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FPX First Trust US Equity Opportunities ETF | 15.77% | -2.76% |
GARY Mango Growth ETF | 30.03% | 0.15% |
Correlation
The correlation between FPX and GARY is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 22, 2025 | 0.77 |
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Return for Risk
FPX vs. GARY — Risk / Return Rank
FPX
GARY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FPX vs. GARY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Opportunities ETF (FPX) and Mango Growth ETF (GARY). 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.
| FPX | GARY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | — | — |
| Martin ratioReturn relative to average drawdown | 8.33 | — | — |
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Drawdowns
FPX vs. GARY - Drawdown Comparison
The maximum FPX drawdown since its inception was -56.29%, which is greater than GARY's maximum drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for FPX and GARY.
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Drawdown Indicators
| FPX | GARY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.29% | -10.28% | -46.01% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -30.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -43.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.14% | — | — |
Current DrawdownCurrent decline from peak | -8.19% | -5.23% | -2.96% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -1.87% | -9.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | — | — |
Volatility
FPX vs. GARY - Volatility Comparison
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Volatility by Period
| FPX | GARY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.19% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.50% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.40% | 21.84% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.97% | 21.84% | +5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 21.84% | +2.64% |
FPX vs. GARY - Expense Ratio Comparison
FPX has a 0.57% expense ratio, which is lower than GARY's 0.77% expense ratio.
Dividends
FPX vs. GARY - Dividend Comparison
FPX's dividend yield for the trailing twelve months is around 0.45%, more than GARY's 0.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPX First Trust US Equity Opportunities ETF | 0.45% | 0.53% | 0.09% | 0.27% | 1.08% | 0.14% | 0.28% | 0.67% | 0.88% | 0.68% | 0.77% | 0.62% |
GARY Mango Growth ETF | 0.04% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FPX and GARY have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FPX is cheaper at 0.57% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FPX is cheaper with a 0.57% expense ratio, compared with 0.77% for GARY.
FPX has the higher dividend yield at 0.45%, compared with 0.04% for GARY.
They also come from different issuers: First Trust and Mango. Their fees differ too: 0.57% for FPX and 0.77% for GARY.
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