R1GR.L vs. FPX.L
R1GR.L (iShares Russell 1000 Growth UCITS ETF USD (Acc)) and FPX.L (First Trust US IPO Index UCITS ETF) are both Large Cap Growth Equities funds - R1GR.L tracks the Russell 1000 Growth UCITS 30/18 Capped Net Tax 15% Index while FPX.L tracks the Russell 1000 Growth TR USD. Both are passively managed. Over the past 3 years, R1GR.L returned 19.37%/yr vs 25.20%/yr for FPX.L. A 0.74 correlation means they provide meaningful diversification when combined. R1GR.L charges 0.18%/yr vs 0.65%/yr for FPX.L.
Performance
R1GR.L vs. FPX.L - Performance Comparison
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Different Trading Currencies
R1GR.L is traded in USD, while FPX.L is traded in GBp. To make them comparable, the FPX.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, R1GR.L achieves a 0.07% return, which is significantly lower than FPX.L's 10.90% return.
R1GR.L
- 1D
- -2.50%
- 1M
- -3.30%
- 6M
- 1.11%
- YTD
- 0.07%
- 1Y
- 9.87%
- 3Y*
- 19.37%
- 5Y*
- —
- 10Y*
- —
FPX.L
- 1D
- -0.97%
- 1M
- -6.70%
- 6M
- 8.32%
- YTD
- 10.90%
- 1Y
- 24.58%
- 3Y*
- 25.20%
- 5Y*
- 8.82%
- 10Y*
- 13.53%
R1GR.L vs. FPX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
R1GR.L iShares Russell 1000 Growth UCITS ETF USD (Acc) | 0.07% | 17.39% | 34.17% | 10.92% |
FPX.L First Trust US IPO Index UCITS ETF | 10.90% | 36.52% | 25.53% | 10.52% |
Correlation
The correlation between R1GR.L and FPX.L is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.74 |
The correlation between R1GR.L and FPX.L has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.
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Return for Risk
R1GR.L vs. FPX.L — Risk / Return Rank
R1GR.L
FPX.L
R1GR.L vs. FPX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Growth UCITS ETF USD (Acc) (R1GR.L) and First Trust US IPO Index UCITS ETF (FPX.L). 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.
| R1GR.L | FPX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.18 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 1.91 | -1.28 |
| Martin ratioReturn relative to average drawdown | 1.90 | 6.40 | -4.50 |
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Drawdowns
R1GR.L vs. FPX.L - Drawdown Comparison
The maximum R1GR.L drawdown since its inception was -23.18%, smaller than the maximum FPX.L drawdown of -50.47%. Use the drawdown chart below to compare losses from any high point for R1GR.L and FPX.L.
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Drawdown Indicators
| R1GR.L | FPX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.18% | -50.47% | +27.29% |
Max Drawdown (1Y)Largest decline over 1 year | -15.74% | -12.83% | -2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -23.18% | -31.66% | +8.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.89% | — |
Current DrawdownCurrent decline from peak | -7.48% | -10.11% | +2.63% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -20.83% | +17.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 3.83% | +1.36% |
Volatility
R1GR.L vs. FPX.L - Volatility Comparison
The current volatility for iShares Russell 1000 Growth UCITS ETF USD (Acc) (R1GR.L) is 6.07%, while First Trust US IPO Index UCITS ETF (FPX.L) has a volatility of 8.83%. This indicates that R1GR.L experiences smaller price fluctuations and is considered to be less risky than FPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| R1GR.L | FPX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 8.83% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 17.72% | -4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 25.06% | -8.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.08% | 26.00% | -7.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 23.36% | -5.28% |
R1GR.L vs. FPX.L - Expense Ratio Comparison
R1GR.L has a 0.18% expense ratio, which is lower than FPX.L's 0.65% expense ratio.
Dividends
R1GR.L vs. FPX.L - Dividend Comparison
Neither R1GR.L nor FPX.L has paid dividends to shareholders.
Frequently Asked Questions
R1GR.L and FPX.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, R1GR.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
R1GR.L is cheaper with a 0.18% expense ratio, compared with 0.65% for FPX.L.
R1GR.L tracks Russell 1000 Growth UCITS 30/18 Capped Net Tax 15% Index, while FPX.L tracks Russell 1000 Growth TR USD. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.18% for R1GR.L and 0.65% for FPX.L.
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