FPXE
First Trust IPOX Europe Equity Opportunities ETF
The First Trust IPOX Europe Equity Opportunities ETF tracks a market-cap-weighted index of the 100 largest European IPOs over the first 1,000 trading days for each stock.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 5.5 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Inception date | Oct 02, 2018 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ARM HOLDINGS PLC | 9.0 % |
| SIEMENS ENERGY AG | 5.8 % |
| GALDERMA GROUP AG | 5.4 % |
| SANDOZ GROUP AG | 3.7 % |
| TECHNOPROBE SPA | 3.4 % |
| ACCELLERON INDUSTRIES AG | 3.4 % |
| LOTTOMATICA GROUP SPA | 3.3 % |
| VIKING HOLDINGS LTD | 3.2 % |
| NORDNET AB (PUBL) | 2.8 % |
| HOCHTIEF AG | 2.7 % |
Constituent Breakdown
| Number of holdings | 105 |
| Herfindahl-Hirschman Index | 288 |
| Wgt avg mkt cap (mns) | $31,852 |
| Large cap (>$10bn) | 50.6% |
| Mid cap ($2-10bn) | 12.1% |
| Small cap (<$2bn) | 2.1% |
| Developed mkts. | 70.3% |
| Emerging mkts. | 2.5% |
Sector Breakdown
Country Exposure
 |
BRITAIN | 17.4 % |
 |
GERMANY | 12.9 % |
 |
NORWAY | 7.6 % |
 |
SWITZERLAND | 7.3 % |
 |
UNITED STATES | 7.2 % |
 |
ITALY | 4.1 % |
 |
FINLAND | 3.8 % |
 |
SWEDEN | 3.7 % |
 |
SOUTH AFRICA | 2.2 % |
 |
BELGIUM | 1.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 14.6% | 20.3% | 17.8% | 19.7% | 3.7% | -- | -- | 8.4% |
| Dividend Yield | 0.0% | 1.0% | 1.6% | 2.0% | 1.6% | -- | -- | 1.6% |
| Total Returns | 14.6% | 21.3% | 19.4% | 21.7% | 5.2% | -- | -- | 10.0% | Ann. Volatility | 24.3% | 18.3% | 20.5% | 19.3% | 22.1% | -- | -- | 23.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.17 | 56% |
| MSCI EAFE | 1.07 | 77% |
| MSCI Emg Mkts | 0.71 | 58% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.23% |
Technical Indicators
| 30d moving avg. (EMA) | $34.89 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 0.25/0.37 |
| Bollinger Bands (Upper/Lower) | $36.81/$33.73 |
| Short interest (% of AUM) | 1.9% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FPXE |
Expenses vs. FPXE |
ALTAR Score™ vs. FPXE |
|---|---|---|---|---|
| FPXI | First Trust International Equity Opportunities ETF | 30.1% | 0 bp | -0.7% |
| IPO | Renaissance IPO ETF | 14.2% | -10 bp | -2.4% |
Risk and Returns: FPXE 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 6/20/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
4.3%
ALTAR SCORE™
14th
PERCENTILE
AVOID
ETFRC RATING
There are 417 funds in the International Equity category with an average
ALTAR Score™ of 6.1% and a standard deviation
of 1.6%. FPXE's ALTAR Score™ is approximately -1.1 standard
deviations above the category average. This places FPXE in the 14th percentile
among funds in the category.
Sell-Side Consensus
$36.42
PRICE TARGET
+0.0%
UPSIDE