FPXE vs. SPOT
FPXE (First Trust IPOX Europe Equity Opportunities ETF) is Europe Equities fund tracking the IPOX 100 Europe Index, while SPOT (Spotify Technology S.A.) is a stock. Over the past 5 years, FPXE returned 2.28%/yr vs 16.93%/yr for SPOT. Their 0.40 correlation means their historical movements had little consistent relationship.
Performance
FPXE vs. SPOT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FPXE achieves a 5.85% return, which is significantly higher than SPOT's -13.91% return.
FPXE
- 1D
- -0.30%
- 1M
- -4.48%
- 6M
- 2.65%
- YTD
- 5.85%
- 1Y
- 8.18%
- 3Y*
- 15.91%
- 5Y*
- 2.28%
- 10Y*
- —
- ALL TIME*
- 8.68%
SPOT
- 1D
- -4.34%
- 1M
- 2.87%
- 6M
- -0.08%
- YTD
- -13.91%
- 1Y
- -20.28%
- 3Y*
- 49.10%
- 5Y*
- 16.93%
- 10Y*
- —
- ALL TIME*
- 14.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.85K | $12.44K | $27.30K | |
| $931.26M | $810.43M | $959.57M |
FPXE vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FPXE First Trust IPOX Europe Equity Opportunities ETF | 5.85% | 24.46% | 16.31% | 14.45% | -35.13% | 9.00% | 35.00% | 34.55% | -14.89% |
SPOT Spotify Technology S.A. | -13.91% | 29.80% | 138.08% | 138.01% | -66.27% | -25.62% | 110.40% | 31.76% | -32.67% |
Correlation
The correlation between FPXE and SPOT is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2018 | 0.40 |
Over the past year, the correlation between FPXE and SPOT has dropped to 0.11 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FPXE vs. SPOT — Risk / Return Rank
FPXE
SPOT
FPXE vs. SPOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust IPOX Europe Equity Opportunities ETF (FPXE) and Spotify Technology S.A. (SPOT). 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.
| FPXE | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.95 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | -0.46 | +1.08 |
| Martin ratioReturn relative to average drawdown | 1.64 | -0.74 | +2.38 |
Loading charts...
Drawdowns
FPXE vs. SPOT - Drawdown Comparison
The maximum FPXE drawdown since its inception was -49.55%, smaller than the maximum SPOT drawdown of -80.51%. Use the drawdown chart below to compare losses from any high point for FPXE and SPOT.
Loading charts...
Drawdown Indicators
| FPXE | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.55% | -80.51% | +30.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.33% | -44.11% | +32.78% |
Max Drawdown (3Y)Largest decline over 3 years | -19.28% | -46.80% | +27.52% |
Max Drawdown (5Y)Largest decline over 5 years | -49.55% | -76.39% | +26.84% |
Current DrawdownCurrent decline from peak | -8.62% | -35.57% | +26.95% |
Average DrawdownAverage peak-to-trough decline | -14.50% | -30.98% | +16.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 27.21% | -22.91% |
Volatility
FPXE vs. SPOT - Volatility Comparison
The current volatility for First Trust IPOX Europe Equity Opportunities ETF (FPXE) is 6.73%, while Spotify Technology S.A. (SPOT) has a volatility of 10.13%. This indicates that FPXE experiences smaller price fluctuations and is considered to be less risky than SPOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FPXE | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.73% | 10.13% | -3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 18.19% | 38.00% | -19.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.22% | 43.58% | -23.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.05% | 47.62% | -25.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.23% | 47.19% | -24.96% |
Dividends
FPXE vs. SPOT - Dividend Comparison
FPXE's dividend yield for the trailing twelve months is around 1.45%, while SPOT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FPXE First Trust IPOX Europe Equity Opportunities ETF | 1.45% | 1.15% | 2.10% | 2.03% | 1.81% | 0.47% | 1.35% | 2.06% |
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FPXE and SPOT have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (10.13%) compared to FPXE (6.73%). In terms of maximum drawdown, FPXE dropped -49.55% vs SPOT's -80.51%.
FPXE currently has the higher Sharpe Ratio (0.35 vs -0.47), 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.
Find the right allocation for FPXE and SPOT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer