First Trust IPOX Europe Equity Opportunities ETF
$31.43−0.04 (−0.14%)
- 0.70%
- $5M
- +2.4%
- 1.82%
- 0M sh
- $31.51
- low $29.26high $36.67
The ETF.net FPXE Grade
C
Score 40 out of 100
- 5 of 8
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 44
- This cap took
- −4
- Published Score
- 40
Cost
The fund’s net expense ratio, ranked against its category.C47 out of 100Rank 4 of 8Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B62 out of 100Rank 1 of 8Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F17 out of 100Rank 8 of 8Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C52 out of 100Rank 5 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D32 out of 100Rank 7 of 8
Our read on FPXE
CEurope's IPO class in one ticker. FPXE tracks the IPOX 100 Europe Index: a rules-based basket of recent European listings and spin-offs, no deal-picking. It's the Europe-only seat in First Trust's new-listings lineup.
The Fund seeks investment results that generally track the price and yield of the IPOX® 100 Europe Index before fees and expenses. It normally invests at least 90% of net assets in common stocks and depositary receipts in that Index.
Why people hold it
- The Europe-dedicated member of First Trust's new-listings family: FPX takes the US, FPXI goes international, FPXE keeps the map to Europe.ftportfolios.com
- Rules over hunches: it aims to track the IPOX 100 Europe Index and normally keeps at least 90% of net assets in that index's common stocks and depositary receipts.ftportfolios.com
- Roughly 100 names, so no single new listing carries the portfolio. That's a wide net for a theme that usually lives or dies on a handful of deals.
- Live since 2018, so there's a multi-year record to examine instead of a fresh-launch guess.
Worth knowing
- At 0.70% a year, it sits at the category median but above rivals such as FPX (0.57%), IPO (0.60%) and CSD (0.67%).
- A small asset base and light trading volume, so spreads tend to be wider than on headline ETFs and large orders can move the price.
- Distributions land once or twice a year, so this is a growth-shaped basket rather than a steady income line.
FPXE Holdings
- Stocks
- 103
- 53%
- TPRO.MI
Sectors
- Health Care27.1%
- Financials22.3%
- Technology13.2%
- Industrials10.6%
- Consumer Discretionary9.5%
- Energy7.3%
- Materials6.1%
- Communication2.2%
- Consumer Staples1.7%
- Real Estate0.2%
Geography
- Italy18.01%
- United Kingdom14.87%
- Sweden14.05%
- Switzerland12.74%
- Austria9.68%
- Denmark5.66%
- Norway3.75%
- Germany3.59%
- 17.65%
Developed 94% · Emerging 6%
FPXE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
FPXE$10,243
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FPXE |
|---|---|
| Year to date | +1.5% |
| 1 month | −4.9% |
| 3 months | −7.3% |
| 1 year | +2.4% |
| 3 years | +16.7% |
| 5 years | +2.5% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FPXE |
|---|---|---|
| 2026 YTD | +1.5% | |
| 2025 | +24.5% | |
| 2024 | +16.3% | |
| 2023 | +14.4% | |
| 2022 | −35.2% | |
| 2021 | +9.0% | |
| 2020 | +35.0% |
FPXE in the news
FPXE Dividends
- 1.82%
- $0.57
- $0.09 per share
- Quarterly
Distribution history
FPXE Risk
- 16.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.82
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −48.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FPXE Cost
0.70%
FPXE0.70%
- The middle half of IPO & Spin-Off funds
- Median 0.70%
3 of the 8 IPO & Spin-Off funds charge less.
Other funds in IPO & Spin-Off
- BIPORenaissance IPO ETFExpense ratio 0.60%1 year return +5.7%
- CFPXIFirst Trust International Equity Opportunities ETFExpense ratio 0.70%1 year return +15.6%
- DSPAQHorizon Kinetics SPAC Active ETFExpense ratio 0.85%1 year return +2.1%
- DSPCKSPAC and New Issue ETFExpense ratio 2.31%1 year return −1.5%
- DIPOSRenaissance International IPO ETFExpense ratio 0.80%1 year return +24.2%