FPX vs. RDVY

Last updated Aug 2, 2026

FPX (First Trust US Equity Opportunities ETF) and RDVY (First Trust Rising Dividend Achievers ETF) are both exchange-traded funds - FPX is a Large Cap Growth Equities fund tracking the IPOX-100 U.S. Index, while RDVY is a Dividend fund tracking the Nasdaq US Rising Dividend Achievers Index. Both are passively managed. Over the past 10 years, FPX returned 13.50%/yr vs 16.25%/yr for RDVY. Their 0.70 correlation means they have sometimes moved together and sometimes differently. FPX charges 0.57%/yr vs 0.47%/yr for RDVY.

Performance

FPX vs. RDVY - Performance Comparison

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

Returns By Period

In the year-to-date period, FPX achieves a 8.51% return, which is significantly lower than RDVY's 17.25% return. Over the past 10 years, FPX has underperformed RDVY with an annualized return of 13.50%, while RDVY has yielded a comparatively higher 16.25% annualized return.

FPX

• 1D: -1.38%
• 1M: -9.10%
• 6M: 8.46%
• YTD: 8.51%
• 1Y: 19.55%
• 3Y*: 23.96%
• 5Y*: 7.39%
• 10Y*: 13.50%
• ALL TIME*: 12.57%

RDVY

• 1D: 0.36%
• 1M: 1.19%
• 6M: 12.71%
• YTD: 17.25%
• 1Y: 30.74%
• 3Y*: 19.76%
• 5Y*: 12.89%
• 10Y*: 16.25%
• ALL TIME*: 13.76%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FPX First Trust US Equity Opportunities ETF	$11.19M	$11.53M	$10.30M
RDVY First Trust Rising Dividend Achievers ETF	$77.65M	$79.19M	$83.63M

FPX vs. RDVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FPX First Trust US Equity Opportunities ETF	8.51%	37.62%	24.75%	22.26%	-35.11%	3.69%	47.89%	30.37%	-8.35%	27.03%
RDVY First Trust Rising Dividend Achievers ETF	17.25%	18.90%	16.41%	20.38%	-13.27%	31.14%	13.47%	37.71%	-9.92%	22.75%

Correlation

The correlation between FPX and RDVY is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (10Y) Provides a long-term view across more market conditions.	0.69
Correlation (All Time) Calculated using the full available price history since Jan 7, 2014	0.70

The correlation between FPX and RDVY has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.

FPX vs. RDVY - Sectors Allocation Comparison

Sectors	FPX	RDVY
Technology	33.7%	19.4%
Industrials	20.9%	12.5%
Healthcare	15.4%	5.6%
Communication Services	7.2%	4.2%
Consumer Cyclical	5.6%	11.1%
Financial Services	4.8%	38.9%
Energy	3.5%	2.8%
Real Estate	2.6%	-
Consumer Defensive	2.5%	2.8%
Basic Materials	2.4%	-
Utilities	1.4%	1.4%

Return for Risk

FPX vs. RDVY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FPX

FPX Risk / Return Rank: 30
FPX Sharpe Ratio Rank: 28
FPX Sortino Ratio Rank: 28
FPX Omega Ratio Rank: 27
FPX Calmar Ratio Rank: 32
FPX Martin Ratio Rank: 36

RDVY

RDVY Risk / Return Rank: 85
RDVY Sharpe Ratio Rank: 86
RDVY Sortino Ratio Rank: 86
RDVY Omega Ratio Rank: 82
RDVY Calmar Ratio Rank: 85
RDVY Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FPX vs. RDVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Opportunities ETF (FPX) and First Trust Rising Dividend Achievers ETF (RDVY). 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	RDVY	Difference
Sharpe ratio: Return per unit of total volatility	0.66	2.00	-1.35
Sortino ratio: Return per unit of downside risk	1.04	2.87	-1.82
Omega ratio: Gain probability vs. loss probability	1.13	1.35	-0.22
Calmar ratio: Return relative to maximum drawdown	1.06	3.25	-2.19
Martin ratio: Return relative to average drawdown	3.58	13.63	-10.05

FPX vs. RDVY - Sharpe Ratio Comparison

The current FPX Sharpe Ratio is 0.66, which is lower than the RDVY Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of FPX and RDVY, 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

FPX vs. RDVY - Drawdown Comparison

The maximum FPX drawdown since its inception was -56.29%, which is greater than RDVY's maximum drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for FPX and RDVY.

Drawdown Indicators

	FPX	RDVY	Difference
Max Drawdown Largest peak-to-trough decline	-56.29%	-40.60%	-15.69%
Max Drawdown (1Y) Largest decline over 1 year	-16.29%	-9.04%	-7.25%
Max Drawdown (3Y) Largest decline over 3 years	-30.88%	-19.11%	-11.77%
Max Drawdown (5Y) Largest decline over 5 years	-43.14%	-25.32%	-17.82%
Max Drawdown (10Y) Largest decline over 10 years	-43.14%	-40.60%	-2.54%
Current Drawdown Current decline from peak	-13.94%	0.00%	-13.94%
Average Drawdown Average peak-to-trough decline	-11.29%	-4.95%	-6.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	2.15%	+2.65%

Volatility

FPX vs. RDVY - Volatility Comparison

First Trust US Equity Opportunities ETF (FPX) has a higher volatility of 9.65% compared to First Trust Rising Dividend Achievers ETF (RDVY) at 3.53%. This indicates that FPX's price experiences larger fluctuations and is considered to be riskier than RDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FPX	RDVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.65%	3.53%	+6.12%
Volatility (6M) Calculated over the trailing 6-month period	20.96%	11.46%	+9.50%
Volatility (1Y) Calculated over the trailing 1-year period	26.29%	14.65%	+11.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.10%	18.92%	+8.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.60%	21.03%	+3.57%

FPX vs. RDVY - Expense Ratio Comparison

FPX has a 0.57% expense ratio, which is higher than RDVY's 0.47% expense ratio.

Dividends

FPX vs. RDVY - Dividend Comparison

FPX's dividend yield for the trailing twelve months is around 0.48%, less than RDVY's 0.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FPX First Trust US Equity Opportunities ETF	0.48%	0.53%	0.09%	0.27%	1.08%	0.14%	0.28%	0.67%	0.88%	0.68%	0.77%	0.62%
RDVY First Trust Rising Dividend Achievers ETF	0.83%	1.11%	1.64%	2.09%	2.21%	1.04%	1.53%	1.55%	1.68%	1.25%	2.07%	2.14%

Frequently Asked Questions

Can I hold both FPX and RDVY in my portfolio?

FPX and RDVY have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FPX or RDVY?

FPX has higher volatility (9.65%) compared to RDVY (3.53%). In terms of maximum drawdown, FPX dropped -56.29% vs RDVY's -40.60%.

Which ETF is better, FPX or RDVY?

On 10-year performance, RDVY leads with 16.25% vs 13.50% for FPX. On fees, RDVY is cheaper at 0.47% per year. On volatility, RDVY has been the lower-risk option at 3.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FPX or RDVY?

Over the 10-year period, RDVY has performed better with a 16.25% return vs 13.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FPX or RDVY?

RDVY is cheaper with a 0.47% expense ratio, compared with 0.57% for FPX.

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

RDVY has the higher dividend yield at 0.83%, compared with 0.48% for FPX.

What is the main difference between FPX and RDVY?

FPX is categorized as Large Cap Growth Equities, while RDVY is Dividend. FPX tracks IPOX-100 U.S. Index, while RDVY tracks Nasdaq US Rising Dividend Achievers Index. Their fees differ too: 0.57% for FPX and 0.47% for RDVY.

Which has better risk-adjusted returns?

RDVY currently has the higher Sharpe Ratio (2.00 vs 0.66), 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.