Correlation
The correlation between FPXE and SMH 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. SMH
Compare and contrast key facts about First Trust IPOX Europe Equity Opportunities ETF (FPXE) and VanEck Vectors Semiconductor ETF (SMH).
FPXE and SMH 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. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011. Both FPXE and SMH 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 SMH.
Performance
FPXE vs. SMH - Performance Comparison
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Key characteristics
FPXE:
0.81
SMH:
-0.01
FPXE:
1.19
SMH:
0.18
FPXE:
1.16
SMH:
1.02
FPXE:
0.63
SMH:
-0.10
FPXE:
3.73
SMH:
-0.23
FPXE:
4.56%
SMH:
15.52%
FPXE:
22.35%
SMH:
43.26%
FPXE:
-49.55%
SMH:
-83.29%
FPXE:
-5.00%
SMH:
-14.38%
Returns By Period
In the year-to-date period, FPXE achieves a 17.23% return, which is significantly higher than SMH's -1.00% return.
FPXE
17.23%
9.22%
12.32%
17.41%
12.44%
7.84%
N/A
SMH
-1.00%
12.93%
-0.54%
0.14%
26.07%
28.60%
24.75%
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FPXE vs. SMH - Expense Ratio Comparison
FPXE has a 0.70% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
FPXE vs. SMH — Risk-Adjusted Performance Rank
FPXE
SMH
FPXE vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust IPOX Europe Equity Opportunities ETF (FPXE) and VanEck Vectors Semiconductor ETF (SMH). 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. SMH - Dividend Comparison
FPXE's dividend yield for the trailing twelve months is around 1.59%, more than SMH's 0.45% 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% |
SMH VanEck Vectors Semiconductor ETF | 0.45% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% | 1.16% |
Drawdowns
FPXE vs. SMH - Drawdown Comparison
The maximum FPXE drawdown since its inception was -49.55%, smaller than the maximum SMH drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for FPXE and SMH.
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Volatility
FPXE vs. SMH - Volatility Comparison
The current volatility for First Trust IPOX Europe Equity Opportunities ETF (FPXE) is 3.60%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 9.05%. This indicates that FPXE experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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