FPXE vs. DFE
Compare and contrast key facts about First Trust IPOX Europe Equity Opportunities ETF (FPXE) and WisdomTree Europe SmallCap Dividend Fund (DFE).
FPXE and DFE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPXE is a passively managed fund by First Trust that tracks the performance of the IPOX 100 Europe Index. It was launched on Oct 4, 2018. DFE is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe SmallCap Dividend Index. It was launched on Jun 16, 2006. Both FPXE and DFE 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
FPXE vs. DFE - Performance Comparison
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FPXE vs. DFE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FPXE First Trust IPOX Europe Equity Opportunities ETF | 1.67% | 24.46% | 16.31% | 14.45% | -35.13% | 9.00% | 35.00% | 34.55% | -14.93% |
DFE WisdomTree Europe SmallCap Dividend Fund | 1.01% | 32.85% | -0.61% | 14.94% | -22.15% | 18.44% | 2.15% | 27.15% | -13.40% |
Returns By Period
In the year-to-date period, FPXE achieves a 1.67% return, which is significantly higher than DFE's 1.01% return.
FPXE
- 1D
- 2.33%
- 1M
- -2.82%
- YTD
- 1.67%
- 6M
- -0.44%
- 1Y
- 25.15%
- 3Y*
- 15.73%
- 5Y*
- 3.77%
- 10Y*
- —
DFE
- 1D
- 1.11%
- 1M
- -5.05%
- YTD
- 1.01%
- 6M
- 4.03%
- 1Y
- 24.19%
- 3Y*
- 12.53%
- 5Y*
- 5.09%
- 10Y*
- 6.74%
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FPXE vs. DFE - Expense Ratio Comparison
FPXE has a 0.70% expense ratio, which is higher than DFE's 0.58% expense ratio.
Return for Risk
FPXE vs. DFE — Risk / Return Rank
FPXE
DFE
FPXE vs. DFE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust IPOX Europe Equity Opportunities ETF (FPXE) and WisdomTree Europe SmallCap Dividend Fund (DFE). 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.
| FPXE | DFE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 1.43 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.79 | 1.97 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.11 | +0.09 |
Martin ratioReturn relative to average drawdown | 6.94 | 7.33 | -0.39 |
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
| FPXE | DFE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.43 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.27 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.28 | +0.10 |
Correlation
The correlation between FPXE and DFE is 0.71, 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
FPXE vs. DFE - Dividend Comparison
FPXE's dividend yield for the trailing twelve months is around 1.13%, less than DFE's 4.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPXE First Trust IPOX Europe Equity Opportunities ETF | 1.13% | 1.15% | 2.10% | 2.03% | 1.81% | 0.47% | 1.35% | 2.06% | 0.00% | 0.00% | 0.00% | 0.00% |
DFE WisdomTree Europe SmallCap Dividend Fund | 4.05% | 4.38% | 4.93% | 4.97% | 5.84% | 2.56% | 2.43% | 3.39% | 4.97% | 2.53% | 4.05% | 2.78% |
Drawdowns
FPXE vs. DFE - Drawdown Comparison
The maximum FPXE drawdown since its inception was -49.55%, smaller than the maximum DFE drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for FPXE and DFE.
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Drawdown Indicators
| FPXE | DFE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.55% | -69.38% | +19.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.85% | -11.41% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -49.55% | -40.34% | -9.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.66% | — |
Current DrawdownCurrent decline from peak | -5.05% | -6.96% | +1.91% |
Average DrawdownAverage peak-to-trough decline | -14.99% | -17.86% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 3.28% | +0.47% |
Volatility
FPXE vs. DFE - Volatility Comparison
First Trust IPOX Europe Equity Opportunities ETF (FPXE) has a higher volatility of 9.29% compared to WisdomTree Europe SmallCap Dividend Fund (DFE) at 6.92%. This indicates that FPXE's price experiences larger fluctuations and is considered to be riskier than DFE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPXE | DFE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.29% | 6.92% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.60% | 10.83% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.42% | 17.00% | +4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.59% | 18.94% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.12% | 19.70% | +2.42% |