FPXI vs. TDIV

Last updated Aug 4, 2026

FPXI (First Trust International Equity Opportunities ETF) and TDIV (First Trust NASDAQ Technology Dividend Index Fund) are both exchange-traded funds - FPXI is a Foreign Large Cap Equities fund tracking the IPOX International Index, while TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index. Both are passively managed. Over the past 10 years, FPXI returned 11.04%/yr vs 16.98%/yr for TDIV. Their 0.62 correlation means they have sometimes moved together and sometimes differently. FPXI charges 0.70%/yr vs 0.50%/yr for TDIV.

Performance

FPXI vs. TDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust International Equity Opportunities ETF (FPXI) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FPXI having a 16.79% return and TDIV slightly lower at 16.55%. Over the past 10 years, FPXI has underperformed TDIV with an annualized return of 11.04%, while TDIV has yielded a comparatively higher 16.98% annualized return.

FPXI

• 1D: 0.39%
• 1M: -11.07%
• 6M: 7.83%
• YTD: 16.79%
• 1Y: 28.02%
• 3Y*: 19.49%
• 5Y*: 1.10%
• 10Y*: 11.04%
• ALL TIME*: 8.39%

TDIV

• 1D: 1.46%
• 1M: 0.77%
• 6M: 13.11%
• YTD: 16.55%
• 1Y: 27.41%
• 3Y*: 26.19%
• 5Y*: 16.16%
• 10Y*: 16.98%
• ALL TIME*: 15.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FPXI First Trust International Equity Opportunities ETF	$2.73M	$3.76M	$4.60M
TDIV First Trust NASDAQ Technology Dividend Index Fund	$13.43M	$13.15M	$15.23M

FPXI vs. TDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FPXI First Trust International Equity Opportunities ETF	16.79%	26.37%	12.62%	9.56%	-31.83%	-15.73%	71.50%	33.69%	-13.07%	39.32%
TDIV First Trust NASDAQ Technology Dividend Index Fund	16.55%	25.27%	24.43%	36.71%	-22.13%	29.49%	17.55%	33.27%	-3.18%	21.95%

Correlation

The correlation between FPXI and TDIV is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (10Y) Provides a long-term view across more market conditions.	0.65
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014	0.62

The correlation between FPXI and TDIV shifts across timeframes, from 0.62 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.

FPXI vs. TDIV - Sectors Allocation Comparison

Sectors	FPXI	TDIV
Technology	42.9%	83.2%
Industrials	21.0%	1.9%
Healthcare	9.1%	-
Basic Materials	6.6%	-
Consumer Cyclical	6.3%	-
Financial Services	6.2%	-
Energy	3.7%	-
Consumer Defensive	2.2%	-
Communication Services	1.3%	15.0%
Utilities	0.7%	-
Real Estate	0.5%	-

Return for Risk

FPXI vs. TDIV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FPXI

FPXI Risk / Return Rank: 36
FPXI Sharpe Ratio Rank: 36
FPXI Sortino Ratio Rank: 37
FPXI Omega Ratio Rank: 36
FPXI Calmar Ratio Rank: 34
FPXI Martin Ratio Rank: 39

TDIV

TDIV Risk / Return Rank: 49
TDIV Sharpe Ratio Rank: 54
TDIV Sortino Ratio Rank: 51
TDIV Omega Ratio Rank: 50
TDIV Calmar Ratio Rank: 46
TDIV Martin Ratio Rank: 42

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FPXI vs. TDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust International Equity Opportunities ETF (FPXI) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). 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.

	FPXI	TDIV	Difference
Sharpe ratio: Return per unit of total volatility	0.93	1.33	-0.40
Sortino ratio: Return per unit of downside risk	1.42	1.86	-0.44
Omega ratio: Gain probability vs. loss probability	1.18	1.23	-0.06
Calmar ratio: Return relative to maximum drawdown	1.17	1.69	-0.52
Martin ratio: Return relative to average drawdown	4.19	4.62	-0.43

FPXI vs. TDIV - Sharpe Ratio Comparison

The current FPXI Sharpe Ratio is 0.93, which is lower than the TDIV Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of FPXI and TDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FPXI vs. TDIV - Drawdown Comparison

The maximum FPXI drawdown since its inception was -55.78%, which is greater than TDIV's maximum drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for FPXI and TDIV.

Drawdown Indicators

	FPXI	TDIV	Difference
Max Drawdown Largest peak-to-trough decline	-55.78%	-31.97%	-23.81%
Max Drawdown (1Y) Largest decline over 1 year	-24.12%	-16.34%	-7.78%
Max Drawdown (3Y) Largest decline over 3 years	-24.12%	-23.00%	-1.12%
Max Drawdown (5Y) Largest decline over 5 years	-50.75%	-31.97%	-18.78%
Max Drawdown (10Y) Largest decline over 10 years	-55.78%	-31.97%	-23.81%
Current Drawdown Current decline from peak	-20.17%	-12.34%	-7.83%
Average Drawdown Average peak-to-trough decline	-20.12%	-4.92%	-15.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.70%	5.95%	+0.75%

Volatility

FPXI vs. TDIV - Volatility Comparison

First Trust International Equity Opportunities ETF (FPXI) has a higher volatility of 12.57% compared to First Trust NASDAQ Technology Dividend Index Fund (TDIV) at 5.85%. This indicates that FPXI's price experiences larger fluctuations and is considered to be riskier than TDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FPXI	TDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.57%	5.85%	+6.72%
Volatility (6M) Calculated over the trailing 6-month period	27.10%	16.31%	+10.79%
Volatility (1Y) Calculated over the trailing 1-year period	30.35%	20.69%	+9.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.12%	21.12%	+2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.91%	21.00%	+0.91%

FPXI vs. TDIV - Expense Ratio Comparison

FPXI has a 0.70% expense ratio, which is higher than TDIV's 0.50% expense ratio.

Dividends

FPXI vs. TDIV - Dividend Comparison

FPXI's dividend yield for the trailing twelve months is around 0.68%, less than TDIV's 1.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FPXI First Trust International Equity Opportunities ETF	0.68%	0.70%	0.93%	0.71%	1.13%	0.71%	0.18%	0.67%	1.75%	0.75%	2.09%	1.34%
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.35%	1.40%	1.59%	1.74%	2.51%	1.76%	2.07%	2.27%	2.97%	2.27%	2.45%	2.52%

Frequently Asked Questions

Can I hold both FPXI and TDIV in my portfolio?

FPXI and TDIV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FPXI or TDIV?

FPXI has higher volatility (12.57%) compared to TDIV (5.85%). In terms of maximum drawdown, FPXI dropped -55.78% vs TDIV's -31.97%.

Which ETF is better, FPXI or TDIV?

On 10-year performance, TDIV leads with 16.98% vs 11.04% for FPXI. On fees, TDIV is cheaper at 0.50% per year. On volatility, TDIV has been the lower-risk option at 5.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FPXI or TDIV?

Over the 10-year period, TDIV has performed better with a 16.98% return vs 11.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FPXI or TDIV?

TDIV is cheaper with a 0.50% expense ratio, compared with 0.70% for FPXI.

Which ETF pays a higher dividend yield, FPXI or TDIV?

TDIV has the higher dividend yield at 1.35%, compared with 0.68% for FPXI.

What is the main difference between FPXI and TDIV?

FPXI is categorized as Foreign Large Cap Equities, while TDIV is Technology Equities. FPXI tracks IPOX International Index, while TDIV tracks NASDAQ Technology Dividend Index. Their fees differ too: 0.70% for FPXI and 0.50% for TDIV.

Which has better risk-adjusted returns?

TDIV currently has the higher Sharpe Ratio (1.33 vs 0.93), 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.