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FPX vs. VOO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FPX and VOO is 0.83, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

FPX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust US Equity Opportunities ETF (FPX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

450.00%500.00%550.00%600.00%650.00%700.00%NovemberDecember2025FebruaryMarchApril
549.61%
557.08%
FPX
VOO

Key characteristics

Sharpe Ratio

FPX:

0.58

VOO:

0.54

Sortino Ratio

FPX:

0.98

VOO:

0.88

Omega Ratio

FPX:

1.13

VOO:

1.13

Calmar Ratio

FPX:

0.59

VOO:

0.55

Martin Ratio

FPX:

1.87

VOO:

2.27

Ulcer Index

FPX:

9.82%

VOO:

4.55%

Daily Std Dev

FPX:

31.68%

VOO:

19.19%

Max Drawdown

FPX:

-56.29%

VOO:

-33.99%

Current Drawdown

FPX:

-18.11%

VOO:

-9.90%

Returns By Period

In the year-to-date period, FPX achieves a -1.65% return, which is significantly higher than VOO's -5.74% return. Over the past 10 years, FPX has underperformed VOO with an annualized return of 8.84%, while VOO has yielded a comparatively higher 12.24% annualized return.


FPX

YTD

-1.65%

1M

4.80%

6M

4.61%

1Y

16.48%

5Y*

10.78%

10Y*

8.84%

VOO

YTD

-5.74%

1M

-0.92%

6M

-4.28%

1Y

9.78%

5Y*

15.84%

10Y*

12.24%

*Annualized

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FPX vs. VOO - Expense Ratio Comparison

FPX has a 0.57% expense ratio, which is higher than VOO's 0.03% expense ratio.


Expense ratio chart for FPX: current value is 0.57%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FPX: 0.57%
Expense ratio chart for VOO: current value is 0.03%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VOO: 0.03%

Risk-Adjusted Performance

FPX vs. VOO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FPX
The Risk-Adjusted Performance Rank of FPX is 6565
Overall Rank
The Sharpe Ratio Rank of FPX is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of FPX is 6767
Sortino Ratio Rank
The Omega Ratio Rank of FPX is 6565
Omega Ratio Rank
The Calmar Ratio Rank of FPX is 6969
Calmar Ratio Rank
The Martin Ratio Rank of FPX is 5959
Martin Ratio Rank

VOO
The Risk-Adjusted Performance Rank of VOO is 6464
Overall Rank
The Sharpe Ratio Rank of VOO is 6161
Sharpe Ratio Rank
The Sortino Ratio Rank of VOO is 6262
Sortino Ratio Rank
The Omega Ratio Rank of VOO is 6464
Omega Ratio Rank
The Calmar Ratio Rank of VOO is 6767
Calmar Ratio Rank
The Martin Ratio Rank of VOO is 6565
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FPX vs. VOO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Opportunities ETF (FPX) and Vanguard S&P 500 ETF (VOO). 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.


The chart of Sharpe ratio for FPX, currently valued at 0.58, compared to the broader market-1.000.001.002.003.004.00
FPX: 0.58
VOO: 0.54
The chart of Sortino ratio for FPX, currently valued at 0.98, compared to the broader market-2.000.002.004.006.008.00
FPX: 0.98
VOO: 0.88
The chart of Omega ratio for FPX, currently valued at 1.13, compared to the broader market0.501.001.502.002.50
FPX: 1.13
VOO: 1.13
The chart of Calmar ratio for FPX, currently valued at 0.59, compared to the broader market0.002.004.006.008.0010.0012.00
FPX: 0.59
VOO: 0.55
The chart of Martin ratio for FPX, currently valued at 1.87, compared to the broader market0.0020.0040.0060.00
FPX: 1.87
VOO: 2.27

The current FPX Sharpe Ratio is 0.58, which is comparable to the VOO Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of FPX and VOO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.58
0.54
FPX
VOO

Dividends

FPX vs. VOO - Dividend Comparison

FPX's dividend yield for the trailing twelve months is around 0.09%, less than VOO's 1.38% yield.


TTM20242023202220212020201920182017201620152014
FPX
First Trust US Equity Opportunities ETF
0.09%0.09%0.27%1.08%0.14%0.28%0.67%0.88%0.68%0.77%0.62%0.79%
VOO
Vanguard S&P 500 ETF
1.38%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%

Drawdowns

FPX vs. VOO - Drawdown Comparison

The maximum FPX drawdown since its inception was -56.29%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FPX and VOO. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-18.11%
-9.90%
FPX
VOO

Volatility

FPX vs. VOO - Volatility Comparison

First Trust US Equity Opportunities ETF (FPX) has a higher volatility of 19.12% compared to Vanguard S&P 500 ETF (VOO) at 13.96%. This indicates that FPX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
19.12%
13.96%
FPX
VOO