FPXE vs. SPOT
Compare and contrast key facts about First Trust IPOX Europe Equity Opportunities ETF (FPXE) and Spotify Technology S.A. (SPOT).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPXE or SPOT.
Correlation
The correlation between FPXE and SPOT is 0.42, 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.
Performance
FPXE vs. SPOT - Performance Comparison
Key characteristics
FPXE:
1.13
SPOT:
4.11
FPXE:
1.61
SPOT:
5.25
FPXE:
1.20
SPOT:
1.66
FPXE:
0.69
SPOT:
4.77
FPXE:
6.26
SPOT:
36.70
FPXE:
2.99%
SPOT:
4.32%
FPXE:
16.56%
SPOT:
38.67%
FPXE:
-49.55%
SPOT:
-80.51%
FPXE:
-11.46%
SPOT:
-1.78%
Returns By Period
In the year-to-date period, FPXE achieves a 9.23% return, which is significantly lower than SPOT's 42.33% return.
FPXE
9.23%
3.10%
7.51%
19.77%
6.38%
N/A
SPOT
42.33%
30.62%
86.08%
159.81%
34.20%
N/A
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Risk-Adjusted Performance
FPXE vs. SPOT — Risk-Adjusted Performance Rank
FPXE
SPOT
FPXE vs. SPOT - Risk-Adjusted Performance 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.
Dividends
FPXE vs. SPOT - Dividend Comparison
FPXE's dividend yield for the trailing twelve months is around 1.92%, while SPOT has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
FPXE First Trust IPOX Europe Equity Opportunities ETF | 1.92% | 2.10% | 2.02% | 1.82% | 0.47% | 1.35% | 2.07% |
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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. For additional features, visit the drawdowns tool.
Volatility
FPXE vs. SPOT - Volatility Comparison
The current volatility for First Trust IPOX Europe Equity Opportunities ETF (FPXE) is 5.21%, while Spotify Technology S.A. (SPOT) has a volatility of 13.53%. 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.