FPX vs. IWY
Compare and contrast key facts about First Trust US Equity Opportunities ETF (FPX) and iShares Russell Top 200 Growth ETF (IWY).
FPX and IWY 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. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009. Both FPX and IWY 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 vs. IWY - Performance Comparison
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FPX vs. IWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPX First Trust US Equity Opportunities ETF | -1.32% | 37.62% | 24.75% | 22.26% | -35.11% | 3.69% | 47.89% | 30.37% | -8.35% | 27.03% |
IWY iShares Russell Top 200 Growth ETF | -9.30% | 18.19% | 34.89% | 46.49% | -29.91% | 31.05% | 39.01% | 36.20% | -0.72% | 31.69% |
Returns By Period
In the year-to-date period, FPX achieves a -1.32% return, which is significantly higher than IWY's -9.30% return. Over the past 10 years, FPX has underperformed IWY with an annualized return of 12.97%, while IWY has yielded a comparatively higher 17.59% annualized return.
FPX
- 1D
- 1.61%
- 1M
- -3.75%
- YTD
- -1.32%
- 6M
- -2.81%
- 1Y
- 43.47%
- 3Y*
- 24.63%
- 5Y*
- 6.32%
- 10Y*
- 12.97%
IWY
- 1D
- 0.87%
- 1M
- -4.60%
- YTD
- -9.30%
- 6M
- -8.67%
- 1Y
- 18.58%
- 3Y*
- 22.41%
- 5Y*
- 13.61%
- 10Y*
- 17.59%
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FPX vs. IWY - Expense Ratio Comparison
FPX has a 0.57% expense ratio, which is higher than IWY's 0.20% expense ratio.
Return for Risk
FPX vs. IWY — Risk / Return Rank
FPX
IWY
FPX vs. IWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Opportunities ETF (FPX) and iShares Russell Top 200 Growth ETF (IWY). 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 | IWY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.49 | 0.84 | +0.65 |
Sortino ratioReturn per unit of downside risk | 2.05 | 1.35 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.19 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 3.19 | 1.17 | +2.02 |
Martin ratioReturn relative to average drawdown | 10.78 | 3.89 | +6.88 |
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 | IWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 0.84 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.64 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.84 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.87 | -0.34 |
Correlation
The correlation between FPX and IWY is 0.81, 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 vs. IWY - Dividend Comparison
FPX's dividend yield for the trailing twelve months is around 0.58%, more than IWY's 0.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPX First Trust US Equity Opportunities ETF | 0.58% | 0.53% | 0.09% | 0.27% | 1.08% | 0.14% | 0.28% | 0.67% | 0.88% | 0.68% | 0.77% | 0.62% |
IWY iShares Russell Top 200 Growth ETF | 0.39% | 0.36% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% |
Drawdowns
FPX vs. IWY - Drawdown Comparison
The maximum FPX drawdown since its inception was -56.29%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for FPX and IWY.
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Drawdown Indicators
| FPX | IWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.29% | -32.68% | -23.61% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -16.63% | +2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -43.14% | -32.68% | -10.46% |
Max Drawdown (10Y)Largest decline over 10 years | -43.14% | -32.68% | -10.46% |
Current DrawdownCurrent decline from peak | -6.75% | -12.77% | +6.02% |
Average DrawdownAverage peak-to-trough decline | -11.43% | -4.77% | -6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 4.99% | -0.79% |
Volatility
FPX vs. IWY - Volatility Comparison
First Trust US Equity Opportunities ETF (FPX) has a higher volatility of 9.11% compared to iShares Russell Top 200 Growth ETF (IWY) at 6.70%. This indicates that FPX's price experiences larger fluctuations and is considered to be riskier than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPX | IWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 6.70% | +2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 18.68% | 12.40% | +6.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.37% | 22.29% | +7.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.54% | 21.49% | +5.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.17% | 20.92% | +3.25% |