TOUS vs. FPXI

Last updated Jun 24, 2026

TOUS (T. Rowe Price International Equity ETF) and FPXI (First Trust International Equity Opportunities ETF) are both Foreign Large Cap Equities funds. TOUS is actively managed, while FPXI is passively managed. Over the past 3 years, TOUS returned 17.54%/yr vs 29.56%/yr for FPXI. A 0.73 correlation means they provide meaningful diversification when combined. TOUS charges 0.50%/yr vs 0.70%/yr for FPXI.

Performance

TOUS vs. FPXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price International Equity ETF (TOUS) 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, TOUS achieves a 9.19% return, which is significantly lower than FPXI's 38.06% return.

TOUS

• 1D: -2.03%
• 1M: 0.43%
• YTD: 9.19%
• 6M: 8.90%
• 1Y: 21.91%
• 3Y*: 17.54%
• 5Y*: —
• 10Y*: —

FPXI

• 1D: -5.63%
• 1M: 8.84%
• YTD: 38.06%
• 6M: 35.72%
• 1Y: 51.16%
• 3Y*: 29.56%
• 5Y*: 4.36%
• 10Y*: 13.94%

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

TOUS vs. FPXI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TOUS T. Rowe Price International Equity ETF	9.19%	34.00%	3.63%	3.45%
FPXI First Trust International Equity Opportunities ETF	38.06%	26.37%	12.62%	3.93%

Correlation

The correlation between TOUS and FPXI is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jun 15, 2023	0.73

The correlation between TOUS and FPXI has been stable across timeframes, ranging from 0.73 to 0.74 - a consistent structural relationship.

TOUS vs. FPXI - Sectors Allocation Comparison

Sectors	TOUS	FPXI
Financial Services	21.8%	4.2%
Industrials	19.1%	21.5%
Technology	15.0%	37.3%
Healthcare	9.7%	10.9%
Consumer Cyclical	7.4%	6.5%
Consumer Defensive	7.2%	0.7%
Basic Materials	5.4%	13.2%
Energy	4.9%	2.1%
Communication Services	4.9%	2.2%
Utilities	3.1%	1.0%
Real Estate	1.7%	0.5%

Return for Risk

TOUS vs. FPXI — Risk / Return Rank

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

TOUS

TOUS Risk / Return Rank: 41
TOUS Sharpe Ratio Rank: 42
TOUS Sortino Ratio Rank: 42
TOUS Omega Ratio Rank: 42
TOUS Calmar Ratio Rank: 38
TOUS Martin Ratio Rank: 42

FPXI

FPXI Risk / Return Rank: 64
FPXI Sharpe Ratio Rank: 63
FPXI Sortino Ratio Rank: 59
FPXI Omega Ratio Rank: 57
FPXI Calmar Ratio Rank: 73
FPXI Martin Ratio Rank: 68

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.

TOUS vs. FPXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Equity ETF (TOUS) 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.

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.

	TOUS	FPXI	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.93	-0.55
Sortino ratio: Return per unit of downside risk	2.03	2.60	-0.57
Omega ratio: Gain probability vs. loss probability	1.26	1.33	-0.07
Calmar ratio: Return relative to maximum drawdown	1.80	3.48	-1.68
Martin ratio: Return relative to average drawdown	6.54	11.66	-5.12

TOUS vs. FPXI - Sharpe Ratio Comparison

The current TOUS Sharpe Ratio is 1.38, which is comparable to the FPXI Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of TOUS and FPXI, 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

TOUS vs. FPXI - Drawdown Comparison

The maximum TOUS drawdown since its inception was -14.29%, smaller than the maximum FPXI drawdown of -55.78%. Use the drawdown chart below to compare losses from any high point for TOUS and FPXI.

Drawdown Indicators

	TOUS	FPXI	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-55.78%	+41.49%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-14.77%	+2.54%
Max Drawdown (3Y) Largest decline over 3 years	-14.29%	-20.58%	+6.29%
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	-2.03%	-5.63%	+3.60%
Average Drawdown Average peak-to-trough decline	-2.80%	-20.17%	+17.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	4.40%	-1.04%

Volatility

TOUS vs. FPXI - Volatility Comparison

The current volatility for T. Rowe Price International Equity ETF (TOUS) is 5.25%, while First Trust International Equity Opportunities ETF (FPXI) has a volatility of 13.69%. This indicates that TOUS experiences smaller price fluctuations and is considered to be less risky than FPXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TOUS	FPXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.25%	13.69%	-8.44%
Volatility (6M) Calculated over the trailing 6-month period	13.74%	23.40%	-9.66%
Volatility (1Y) Calculated over the trailing 1-year period	15.91%	26.63%	-10.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.31%	22.33%	-7.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.31%	21.46%	-6.15%

TOUS vs. FPXI - Expense Ratio Comparison

TOUS has a 0.50% expense ratio, which is lower than FPXI's 0.70% expense ratio.

Dividends

TOUS vs. FPXI - Dividend Comparison

TOUS's dividend yield for the trailing twelve months is around 1.59%, more than FPXI's 0.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FPXI First Trust International Equity Opportunities ETF	0.58%	0.70%	0.93%	0.71%	1.13%	0.71%	0.18%	0.67%	1.75%	0.75%	2.09%	1.34%
TOUS T. Rowe Price International Equity ETF	1.59%	1.74%	3.01%	0.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TOUS and FPXI in my portfolio?

TOUS and FPXI 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, TOUS or FPXI?

FPXI has higher volatility (13.69%) compared to TOUS (5.25%). In terms of maximum drawdown, TOUS dropped -14.29% vs FPXI's -55.78%.

Which ETF is better, TOUS or FPXI?

On 3-year performance, FPXI leads with 29.56% vs 17.54% for TOUS. On fees, TOUS is cheaper at 0.50% per year. On volatility, TOUS has been the lower-risk option at 5.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TOUS or FPXI?

Over the 3-year period, FPXI has performed better with a 29.56% return vs 17.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TOUS or FPXI?

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

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

TOUS has the higher dividend yield at 1.59%, compared with 0.58% for FPXI.

What is the main difference between TOUS and FPXI?

They also come from different issuers: T. Rowe Price and First Trust. Their fees differ too: 0.50% for TOUS and 0.70% for FPXI.

Which has better risk-adjusted returns?

FPXI currently has the higher Sharpe Ratio (1.93 vs 1.38), 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.