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FTCS vs. FPX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FTCS vs. FPX

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Capital Strength ETF (FTCS) and First Trust US Equity Opportunities ETF (FPX).

FTCS and FPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTCS is a passively managed fund by First Trust that tracks the performance of the The NASDAQ Capital Strength Index. It was launched on Jul 6, 2006. FPX is a passively managed fund by First Trust that tracks the performance of the IPOX-100 U.S. Index. It was launched on Apr 12, 2006. Both FTCS and FPX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FTCS vs. FPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Capital Strength ETF (FTCS) and First Trust US Equity Opportunities ETF (FPX). The values are adjusted to include any dividend payments, if applicable.

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FTCS vs. FPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FTCS
First Trust Capital Strength ETF		0.58%6.46%11.19%8.48%-10.22%26.75%13.05%26.71%-4.22%26.57%
FPX
First Trust US Equity Opportunities ETF		-2.88%37.62%24.75%22.26%-35.11%3.69%47.89%30.37%-8.35%27.03%

Returns By Period

In the year-to-date period, FTCS achieves a 0.58% return, which is significantly higher than FPX's -2.88% return. Over the past 10 years, FTCS has underperformed FPX with an annualized return of 10.24%, while FPX has yielded a comparatively higher 12.79% annualized return.

FTCS

1D
0.97%
1M
-6.34%
YTD
0.58%
6M
-0.35%
1Y
4.65%
3Y*
9.74%
5Y*
6.80%
10Y*
10.24%

FPX

1D
4.38%
1M
-4.68%
YTD
-2.88%
6M
-4.25%
1Y
42.94%
3Y*
23.97%
5Y*
5.98%
10Y*
12.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Capital Strength ETF

First Trust US Equity Opportunities ETF

Often compared with FTCS:
FTCS vs. SPYFTCS vs. FVDFTCS vs. FMBFTCS vs. FTHIFTCS vs. PMYYXFTCS vs. SPHDFTCS vs. VIG
Often compared with FPX:
FPX vs. IPOFPX vs. SPYFPX vs. MSOSFPX vs. MJFPX vs. IUSGFPX vs. IBUYFPX vs. URNM

FTCS vs. FPX - Expense Ratio Comparison

FTCS has a 0.56% expense ratio, which is lower than FPX's 0.57% expense ratio.

FPX
First Trust US Equity Opportunities ETF
FTCS
First Trust Capital Strength ETF

Return for Risk

FTCS vs. FPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FTCS
FTCS Risk / Return Rank: 2525
Overall Rank
FTCS Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
FTCS Sortino Ratio Rank: 2222
Sortino Ratio Rank
FTCS Omega Ratio Rank: 2222
Omega Ratio Rank
FTCS Calmar Ratio Rank: 2828
Calmar Ratio Rank
FTCS Martin Ratio Rank: 3030
Martin Ratio Rank
FPX
FPX Risk / Return Rank: 8383
Overall Rank
FPX Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FPX Sortino Ratio Rank: 8181
Sortino Ratio Rank
FPX Omega Ratio Rank: 7676
Omega Ratio Rank
FPX Calmar Ratio Rank: 9090
Calmar Ratio Rank
FPX Martin Ratio Rank: 8787
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTCS vs. FPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Capital Strength ETF (FTCS) and First Trust US Equity Opportunities ETF (FPX). 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.

FTCSFPXDifference

Sharpe ratio

Return per unit of total volatility

0.34

1.47

-1.13

Sortino ratio

Return per unit of downside risk

0.60

2.04

-1.44

Omega ratio

Gain probability vs. loss probability

1.08

1.28

-0.20

Calmar ratio

Return relative to maximum drawdown

0.63

2.99

-2.37

Martin ratio

Return relative to average drawdown

2.42

10.16

-7.74

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTCS vs. FPX - Sharpe Ratio Comparison

The current FTCS Sharpe Ratio is 0.34, which is lower than the FPX Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of FTCS and FPX, 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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Sharpe Ratios by Period

FTCSFPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.34

1.47

-1.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.52

0.23

+0.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.53

+0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.52

-0.02

Correlation

The correlation between FTCS and FPX is 0.70, 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.

Dividends

FTCS vs. FPX - Dividend Comparison

FTCS's dividend yield for the trailing twelve months is around 1.11%, more than FPX's 0.59% yield.

TTM20252024202320222021202020192018201720162015
FTCS
First Trust Capital Strength ETF		1.11%1.04%1.33%1.47%1.23%1.06%0.93%1.26%1.26%1.15%1.43%1.50%
FPX
First Trust US Equity Opportunities ETF		0.59%0.53%0.09%0.27%1.08%0.14%0.28%0.67%0.88%0.68%0.77%0.62%

Drawdowns

FTCS vs. FPX - Drawdown Comparison

The maximum FTCS drawdown since its inception was -53.64%, roughly equal to the maximum FPX drawdown of -56.29%. Use the drawdown chart below to compare losses from any high point for FTCS and FPX.

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Drawdown Indicators

FTCSFPXDifference

Max Drawdown

Largest peak-to-trough decline

-53.64%

-56.29%

+2.65%

Max Drawdown (1Y)

Largest decline over 1 year

-9.38%

-14.19%

+4.81%

Max Drawdown (5Y)

Largest decline over 5 years

-20.93%

-43.14%

+22.21%

Max Drawdown (10Y)

Largest decline over 10 years

-31.93%

-43.14%

+11.21%

Current Drawdown

Current decline from peak

-6.42%

-8.22%

+1.80%

Average Drawdown

Average peak-to-trough decline

-6.93%

-11.43%

+4.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.42%

4.18%

-1.76%

Volatility

FTCS vs. FPX - Volatility Comparison

The current volatility for First Trust Capital Strength ETF (FTCS) is 3.20%, while First Trust US Equity Opportunities ETF (FPX) has a volatility of 9.13%. This indicates that FTCS experiences smaller price fluctuations and is considered to be less risky than FPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FTCSFPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.20%

9.13%

-5.93%

Volatility (6M)

Calculated over the trailing 6-month period

7.06%

18.62%

-11.56%

Volatility (1Y)

Calculated over the trailing 1-year period

13.60%

29.34%

-15.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.14%

26.54%

-13.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.54%

24.17%

-8.63%