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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)
$1,623
AUM
$4,182,041
Associated Index
IPOX 100 Europe Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NOVO B
Novo Nordisk - Ordinary Shares - Class B
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nVent Electric plc
7.76%
PRX
Prosus NV - Ordinary Shares - Class N
5.81%
P911
Dr. Ing. h.c. F. Porsche AG - Bearer Shares
4.64%
SPOT
Spotify Technology S.A.
4.37%
TE
Technip Energies N.V.
3.90%
GLBE
Global E Online Ltd
3.14%
VRLA
VERALLIA.
2.56%
UMG
Universal Music Group N.V.
2.40%
n/a
Kempower Oyj
2.24%
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 DFIC, IDEV, IEUR

FPXE
First Trust Exchange-Traded Fund III - First Trust IPOX (R) Europe Equity Opportunities ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE 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 toFPXE

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FPXE using Composer

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 -0.0106%. This is the percent change in the value of FPXE over the most recent 1-month period. The 3-month return on FPXE is 0.0056%. 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 0.2022%. 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 PBW, IGF, and ARKK.

ETFs correlated to FPXE include DFIC, IDEV, 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.