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ETFs

First Trust US Equity Opportunities ETF

FPX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 12, 2006
Expense Ratio
0.61%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$3,692,998
AUM
$706,618,663
Associated Index
IPOX-100 U.S. Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

UBER
Uber Technologies Inc
8.27%
ABNB
Airbnb Inc - Ordinary Shares - Class A
7.80%
CARR
Carrier Global Corp
7.07%
IOT
Samsara Inc - Ordinary Shares - Class A
5.64%
ON
ON Semiconductor Corp.
5.54%
REGN
Regeneron Pharmaceuticals, Inc.
5.10%
BKR
Baker Hughes Co - Ordinary Shares - Class A
4.07%
CEG
Constellation Energy Corporation
4.04%
GEHC
GE HealthCare Technologies Inc
3.33%
OTIS
Otis Worldwide Corp
3.03%
Invest with FPX

What is FPX?

The First Trust US Equity Opportunities ETF is an exchange-traded index fund. The investment objective of the Fund is to replicate as closely as possible, before fees and expenses, the price and yield of the IPOX-100 U.S. Index. The IPOX-100 U.S. Index is a modified value-weighted price index measuring the performance of the top 100 companies ranked quarterly by market capitalization in the IPOX Global Composite Index.

ETFs related toFPX

ETFs correlated to FPX include LGRO, IWP, VXF

FPX
First Trust Exchange-Traded Fund III - First Trust US Equity Opportunities ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
NUMG
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFPX

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with FPX using Composer

FAQ

FPX is a US Equities ETF. The First Trust US Equity Opportunities ETF is an exchange-traded index fund. The investment objective of the Fund is to replicate as closely as possible, before fees and expenses, the price and yield of the IPOX-100 U.S. Index. The IPOX-100 U.S. Index is a modified value-weighted price index measuring the performance of the top 100 companies ranked quarterly by market capitalization in the IPOX Global Composite Index.

FPX tracks the IPOX-100 U.S. Index.

No, FPX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FPX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FPX is -0.0201%. This is the percent change in the value of FPX over the most recent 1-month period. The 3-month return on FPX is -0.0296%. This is the percent change in the value of FPX over the most recent 3-month period.

The standard deviation of FPX for the past year is 0.2205%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FPX include SPHQ, DSI, and QUAL.

ETFs correlated to FPX include LGRO, IWP, and VXF.

ETFs that are inversely correlated to FPX include HIBS, TWM, and SRTY.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.