FPX
First Trust US Equity Opportunities ETF
First Trust US IPO Index Fund seeks investment results that correspond generally to the price and yield of an equity index called the U.S. IPOX-100 Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 1.3 B
ASSETS UNDER MGMT
61 bp
EXPENSES
Fund Basics
| Inception date | Apr 12, 2006 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| GE VERONA | 12.5 % |
| SANDISK CORP | 6.6 % |
| MEDLINE INC-CL A | 4.7 % |
| SEAGATE TECHNOLOGY HOLDINGS PLC | 4.7 % |
| AST SPACEMOBILE, INC. CLASS A | 3.1 % |
| CONSTELLATION ENERGY CORPORATION | 3.0 % |
| LUMENTUM HOLDINGS INC | 2.9 % |
| APPLOVIN CORP. CLASS A | 2.9 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 2.7 % |
| FEDEX CORP | 2.7 % |
Constituent Breakdown
| Number of holdings | 102 |
| Herfindahl-Hirschman Index | 322 |
| Wgt avg mkt cap (mns) | $74,036 |
| Large cap (>$10bn) | 67.1% |
| Mid cap ($2-10bn) | 10.3% |
| Small cap (<$2bn) | 1.8% |
| Developed mkts. | 96.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 91.2 % |
 |
IRELAND | 5.2 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -2.9% | 42.1% | 22.5% | 23.6% | 5.9% | 12.2% | -- | 10.9% |
| Dividend Yield | 0.0% | 0.8% | 0.4% | 0.3% | 0.4% | 0.6% | -- | 0.8% |
| Total Returns | -2.9% | 42.9% | 22.9% | 24.0% | 6.4% | 12.9% | -- | 11.7% | Ann. Volatility | 26.1% | 29.4% | 27.9% | 25.9% | 26.5% | 24.2% | -- | 23.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.34 | 75% |
| MSCI EAFE | 1.16 | 49% |
| MSCI Emg Mkts | 1.01 | 49% |
Liquidity Measures
| Avg. volume (000) | 30 |
| ADV traded (mns) | $5 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.15% |
Technical Indicators
| 30d moving avg. (EMA) | $170.30 |
| Relative strength (RSI) | 60 |
| MACD/Signal | 4.21/3.30 |
| Bollinger Bands (Upper/Lower) | $186.30/$153.39 |
| Short interest (% of AUM) | 0.3% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FPX |
Expenses vs. FPX |
ALTAR Score™ vs. FPX |
|---|---|---|---|---|
| TCAI | Tortoise AI Infrastructure ETF | 16.3% | +4 bp | +0.9% |
| POWR | iShares U.S. Power Infrastructure ETF | 15.4% | -21 bp | +3.0% |
| QNXT | iShares Nasdaq-100 ex Top 30 ETF | 12.9% | -41 bp | +3.7% |
| AIPO | Defiance AI & Power Infrastructure ETF | 12.5% | +8 bp | 0.0% |
| FFF | Founders 100 ETF | 11.9% | +14 bp | +1.9% |
| FTC | First Trust Large Cap Growth AlphaDEX Fund | 10.8% | -2 bp | +1.5% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 10.6% | -12 bp | +4.3% |
| FAD | First Trust Multi Cap Growth AlphaDEX Fund | 10.6% | +3 bp | +0.9% |
| CCSO | Carbon Collective Climate Solutions US Equity ETF | 10.4% | -26 bp | +0.1% |
| TRFM | AAM Transformers ETF | 10.2% | -12 bp | +0.4% |
Risk and Returns: FPX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/30/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
1.4%
ALTAR SCORE™
2nd
PERCENTILE
AVOID
ETFRC RATING
There are 1,199 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.1%. FPX's ALTAR Score™ is approximately -2.0 standard
deviations above the category average. This places FPX in the 2nd percentile
among funds in the category.
Sell-Side Consensus
$186.04
PRICE TARGET
+5.1%
UPSIDE