ITOL vs. FPXI

Last updated Jun 5, 2026

ITOL (Tema International Durable Quality ETF) and FPXI (First Trust International Equity Opportunities ETF) are both Foreign Large Cap Equities funds. ITOL is actively managed, while FPXI is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. ITOL charges 0.60%/yr vs 0.70%/yr for FPXI.

Performance

ITOL vs. FPXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema International Durable Quality ETF (ITOL) and First Trust International Equity Opportunities ETF (FPXI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ITOL achieves a 0.58% return, which is significantly lower than FPXI's 32.73% return.

ITOL

• 1D: 0.00%
• 1M: 0.03%
• YTD: 0.58%
• 6M: 3.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FPXI

• 1D: -1.25%
• 1M: 8.94%
• YTD: 32.73%
• 6M: 31.65%
• 1Y: 45.61%
• 3Y*: 26.84%
• 5Y*: 3.78%
• 10Y*: 12.72%

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

ITOL vs. FPXI - Yearly Performance Comparison

	2026 (YTD)	2025
ITOL Tema International Durable Quality ETF	0.58%	3.85%
FPXI First Trust International Equity Opportunities ETF	32.73%	-1.12%

Correlation

The correlation between ITOL and FPXI is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 12, 2025	0.76

Return for Risk

ITOL vs. FPXI — Risk / Return Rank

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

FPXI

FPXI Risk / Return Rank: 59
FPXI Sharpe Ratio Rank: 59
FPXI Sortino Ratio Rank: 57
FPXI Omega Ratio Rank: 54
FPXI Calmar Ratio Rank: 64
FPXI Martin Ratio Rank: 61

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.

ITOL vs. FPXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema International Durable Quality ETF (ITOL) and First Trust International Equity Opportunities ETF (FPXI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ITOL	FPXI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.96	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.18	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.48	-0.13

Drawdowns

ITOL vs. FPXI - Drawdown Comparison

The maximum ITOL drawdown since its inception was -15.54%, smaller than the maximum FPXI drawdown of -55.78%. Use the drawdown chart below to compare losses from any high point for ITOL and FPXI.

Drawdown Indicators

	ITOL	FPXI	Difference
Max Drawdown Largest peak-to-trough decline	-15.54%	-55.78%	+40.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.77%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-50.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-55.78%	—
Current Drawdown Current decline from peak	-5.46%	-1.61%	-3.85%
Average Drawdown Average peak-to-trough decline	-3.60%	-20.25%	+16.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.27%	—

Volatility

Volatility by Period

	ITOL	FPXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.86%	23.46%	-5.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.86%	21.57%	-3.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.86%	21.18%	-3.32%

ITOL vs. FPXI - Expense Ratio Comparison

ITOL has a 0.60% expense ratio, which is lower than FPXI's 0.70% expense ratio.

Dividends

ITOL vs. FPXI - Dividend Comparison

ITOL's dividend yield for the trailing twelve months is around 0.13%, less than FPXI's 0.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FPXI First Trust International Equity Opportunities ETF	0.60%	0.70%	0.93%	0.71%	1.13%	0.71%	0.18%	0.67%	1.75%	0.75%	2.09%	1.34%
ITOL Tema International Durable Quality ETF	0.13%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ITOL and FPXI in my portfolio?

ITOL and FPXI have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ITOL or FPXI?

On fees, ITOL is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ITOL or FPXI?

ITOL is cheaper with a 0.60% expense ratio, compared with 0.70% for FPXI.

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

FPXI has the higher dividend yield at 0.60%, compared with 0.13% for ITOL.

What is the main difference between ITOL and FPXI?

They also come from different issuers: Tema and First Trust. Their fees differ too: 0.60% for ITOL and 0.70% for FPXI.