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FPXE vs. SPOT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FPXE and SPOT 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.


Performance

FPXE vs. SPOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust IPOX Europe Equity Opportunities ETF (FPXE) and Spotify Technology S.A. (SPOT). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FPXE:

0.82

SPOT:

2.47

Sortino Ratio

FPXE:

1.17

SPOT:

3.17

Omega Ratio

FPXE:

1.16

SPOT:

1.41

Calmar Ratio

FPXE:

0.61

SPOT:

4.34

Martin Ratio

FPXE:

3.65

SPOT:

15.87

Ulcer Index

FPXE:

4.56%

SPOT:

6.72%

Daily Std Dev

FPXE:

22.40%

SPOT:

43.68%

Max Drawdown

FPXE:

-49.55%

SPOT:

-80.51%

Current Drawdown

FPXE:

-5.38%

SPOT:

-4.21%

Returns By Period

In the year-to-date period, FPXE achieves a 16.76% return, which is significantly lower than SPOT's 42.31% return.


FPXE

YTD

16.76%

1M

8.65%

6M

12.90%

1Y

18.26%

3Y*

12.24%

5Y*

7.76%

10Y*

N/A

SPOT

YTD

42.31%

1M

10.35%

6M

33.97%

1Y

107.03%

3Y*

77.96%

5Y*

28.61%

10Y*

N/A

*Annualized

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Spotify Technology S.A.

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

FPXE vs. SPOT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FPXE
The Risk-Adjusted Performance Rank of FPXE is 6868
Overall Rank
The Sharpe Ratio Rank of FPXE is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of FPXE is 6767
Sortino Ratio Rank
The Omega Ratio Rank of FPXE is 6767
Omega Ratio Rank
The Calmar Ratio Rank of FPXE is 6161
Calmar Ratio Rank
The Martin Ratio Rank of FPXE is 7676
Martin Ratio Rank

SPOT
The Risk-Adjusted Performance Rank of SPOT is 9696
Overall Rank
The Sharpe Ratio Rank of SPOT is 9797
Sharpe Ratio Rank
The Sortino Ratio Rank of SPOT is 9595
Sortino Ratio Rank
The Omega Ratio Rank of SPOT is 9494
Omega Ratio Rank
The Calmar Ratio Rank of SPOT is 9898
Calmar Ratio Rank
The Martin Ratio Rank of SPOT is 9898
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current FPXE Sharpe Ratio is 0.82, which is lower than the SPOT Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of FPXE and SPOT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

FPXE vs. SPOT - Dividend Comparison

FPXE's dividend yield for the trailing twelve months is around 1.60%, while SPOT has not paid dividends to shareholders.


TTM202420232022202120202019
FPXE
First Trust IPOX Europe Equity Opportunities ETF
1.60%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.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

FPXE vs. SPOT - Volatility Comparison

The current volatility for First Trust IPOX Europe Equity Opportunities ETF (FPXE) is 3.60%, while Spotify Technology S.A. (SPOT) has a volatility of 13.22%. 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.


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