Correlation
The correlation between FPXE and FPXI is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FPXE vs. FPXI
Compare and contrast key facts about First Trust IPOX Europe Equity Opportunities ETF (FPXE) and First Trust International Equity Opportunities ETF (FPXI).
FPXE and FPXI 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. FPXI is a passively managed fund by First Trust that tracks the performance of the IPOX International Index. It was launched on Nov 5, 2014. Both FPXE and FPXI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPXE or FPXI.
Performance
FPXE vs. FPXI - Performance Comparison
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Key characteristics
FPXE:
0.81
FPXI:
0.55
FPXE:
1.19
FPXI:
0.81
FPXE:
1.16
FPXI:
1.11
FPXE:
0.63
FPXI:
0.24
FPXE:
3.72
FPXI:
2.00
FPXE:
4.56%
FPXI:
5.41%
FPXE:
22.35%
FPXI:
22.17%
FPXE:
-49.55%
FPXI:
-55.78%
FPXE:
-5.01%
FPXI:
-30.40%
Returns By Period
In the year-to-date period, FPXE achieves a 17.21% return, which is significantly higher than FPXI's 11.96% return.
FPXE
17.21%
8.73%
12.30%
17.96%
12.44%
7.84%
N/A
FPXI
11.96%
6.11%
5.95%
12.11%
6.00%
3.55%
6.34%
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FPXE vs. FPXI - Expense Ratio Comparison
Both FPXE and FPXI have an expense ratio of 0.70%.
Risk-Adjusted Performance
FPXE vs. FPXI — Risk-Adjusted Performance Rank
FPXE
FPXI
FPXE vs. FPXI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust IPOX Europe Equity Opportunities ETF (FPXE) and First Trust International Equity Opportunities ETF (FPXI). 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.
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Dividends
FPXE vs. FPXI - Dividend Comparison
FPXE's dividend yield for the trailing twelve months is around 1.59%, more than FPXI's 0.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPXE First Trust IPOX Europe Equity Opportunities ETF | 1.59% | 2.10% | 2.02% | 1.82% | 0.47% | 1.35% | 2.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FPXI First Trust International Equity Opportunities ETF | 0.83% | 0.93% | 0.71% | 1.13% | 0.71% | 0.18% | 0.67% | 1.75% | 0.75% | 1.79% | 1.34% | 0.04% |
Drawdowns
FPXE vs. FPXI - Drawdown Comparison
The maximum FPXE drawdown since its inception was -49.55%, smaller than the maximum FPXI drawdown of -55.78%. Use the drawdown chart below to compare losses from any high point for FPXE and FPXI.
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Volatility
FPXE vs. FPXI - Volatility Comparison
First Trust IPOX Europe Equity Opportunities ETF (FPXE) has a higher volatility of 3.60% compared to First Trust International Equity Opportunities ETF (FPXI) at 2.70%. This indicates that FPXE's price experiences larger fluctuations and is considered to be riskier than FPXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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