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ETFs

First Trust Exchange-Traded Fund II First Trust IPOX Europe Equity Opportunities ETF

FPXE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 04 2018
Expense Ratio
0.70%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$23,123
AUM
$5,370,042
Associated Index
IPOX 100 Europe Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with FPXE

What is FPXE?

The First Trust IPOX Europe Equity Opportunities ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the IPOX 100 Europe Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and/or depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Funds investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Funds performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned, developed, maintained and sponsored by IPOX Schuster LLC (the "Index Provider"). The IPOX 100 Europe Index is a market cap weighted index that measures the performance of recent European initial public offerings (IPOs) from the IPOX Global Composite Index.

ETFs related toFPXE

ETFs correlated to FPXE include SCHC, VGK, IEUR

FPXE
First Trust Exchange-Traded Fund III - First Trust IPOX (R) Europe Equity Opportunities ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe ETF
DFSI
Dimensional ETF Trust - Dimensional International Sustainability Core 1 ETF
BBEU
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Europe ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
DFIS
Dimensional ETF Trust - Dimensional International Small Cap ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets 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.

FAQ

FPXE is a Global Ex. US Equities ETF. The First Trust IPOX Europe Equity Opportunities ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the IPOX 100 Europe Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and/or depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Funds investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Funds performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned, developed, maintained and sponsored by IPOX Schuster LLC (the "Index Provider"). The IPOX 100 Europe Index is a market cap weighted index that measures the performance of recent European initial public offerings (IPOs) from the IPOX Global Composite Index.

FPXE tracks the IPOX 100 Europe Index.

No, FPXE 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, FPXE 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 FPXE is -0.003%. This is the percent change in the value of FPXE over the most recent 1-month period. The 3-month return on FPXE is 0.0309%. This is the percent change in the value of FPXE over the most recent 3-month period.

The standard deviation of FPXE for the past year is 0.2412%. 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 FPXE include ICLN, TAN, and EFG.

ETFs correlated to FPXE include SCHC, VGK, and IEUR.

ETFs that are inversely correlated to FPXE include EPV, EFZ, and SH.

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.