First Trust International Equity Opportunities ETF
$66.80−0.41 (−0.61%)
- 0.70%
- $234M
- +15.6%
- 1.03%
- 0.1M sh
- $67.95
- low $55.75high $86.63
The ETF.net FPXI Grade
C
Score 52 out of 100
- 4 of 8
Score 52 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.
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.C45 out of 100Rank 6 of 8Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 4 of 8Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B60 out of 100Rank 4 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A72 out of 100Rank 3 of 8
Our read on FPXI
CThe IPO trade, minus America. FPXI tracks the IPOX International Index, so recently listed companies from Europe and Asia arrive in one ticker instead of a brokerage scavenger hunt across foreign exchanges.
The fund seeks to track, before fees and expenses, the price and yield performance of the IPOX® International Index.
Why people hold it
- The overseas seat in a corner of the market that is mostly US-focused: its peer shelf is dominated by American IPO and spin-off funds, while this one buys newly public names listed abroad.
- Rules-based, not a stock-picking hunch. An index decides which new listings go in and when they age out, so you are not tracking foreign IPO calendars yourself.
- Launched in 2014, so it has run through several very different IPO cycles, and it carries enough assets and daily volume to be a workable trade rather than a ghost ticker.
- Sits in the upper half of the IPO and spin-off group overall, helped by how smoothly it trades for a fund holding non-US stocks. Pays quarterly.
Worth knowing
- 0.70% a year is the median price in this niche, but it runs above the fund's US-focused sibling FPX at 0.57%, and it is a thematic-fund fee, not an index-fund fee.
- About 60 stocks, all recently public. Individual names carry real weight, and freshly listed companies tend to move harder in both directions than seasoned large caps.
- Independent data on how closely the fund has hugged the IPOX International Index is thin, so its index fidelity is harder to verify than for mainstream benchmarks.
FPXI Holdings
- Other
- 57
- 49%
- 6857.T
Sectors
- Technology27.0%
- Health Care14.9%
- Financials14.0%
- Materials9.8%
- Energy8.1%
- Industrials8.1%
- Consumer Discretionary7.7%
- Communication5.0%
- Consumer Staples4.2%
- Real Estate0.7%
- Utilities0.5%
Geography
- Japan26.53%
- China18.54%
- Canada7.81%
- United Kingdom7.78%
- Italy5.85%
- Brazil4.45%
- Australia4.23%
- United States3.89%
- 20.92%
Developed 70% · Emerging 30%
FPXI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FPXI$11,561
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 | FPXI |
|---|---|
| Year to date | +14.6% |
| 1 month | −2.4% |
| 3 months | −10.5% |
| 1 year | +15.6% |
| 3 years | +20.9% |
| 5 years | +2.2% |
| 10 years | +10.6% |
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 | FPXI |
|---|---|---|
| 2026 YTD | +14.6% | |
| 2025 | +26.4% | |
| 2024 | +12.6% | |
| 2023 | +9.6% | |
| 2022 | −31.8% | |
| 2021 | −15.7% | |
| 2020 | +71.5% |
FPXI in the news
FPXI Dividends
- 1.03%
- $0.69
- $0.23 per share
- Quarterly
Distribution history
FPXI Risk
- 22.9%
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.
- 0.78
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.
- −48.5%
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.
- 1.13
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FPXI Cost
0.70%
FPXI0.70%
- 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
- BCSDInvesco S&P Spin-Off ETFExpense ratio 0.66%1 year return +40.2%
- BIPORenaissance IPO ETFExpense ratio 0.60%1 year return +5.7%
- CFPXEFirst Trust IPOX Europe Equity Opportunities ETFExpense ratio 0.70%1 year return +2.4%
- 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%