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Launched · SEC filings

First Trust International Equity Opportunities ETF

FPXINasdaqFirst TrustC

$61.90−0.17 (−0.28%)

At close: Nov 2, 2026, 4:00 PM ET

C53/ 100

Rank 4 of 8 in IPO & Spin-Off

C53/100Rank 4 of 8inIPO & Spin-Off
Intraday session: down, 79 prints from 62.07 to 61.90. Range 61.78 to 62.96. Use the arrow keys to read each point.61.7562.2562.5062.7563.0010 AM12 PM2 PM4 PM
Expense ratio
0.70%
Fund size
$199M
1Y total return
+1.9%
Yield · Last 12 months
1.12%
Holdings
57
Avg volume · 30D
43K sh
52W range
low $55.75high $86.63
Launched
Filings
SEC EDGAR

The ETF.net FPXI Grade

Based on 5 of 6 pillars

C

Score 53 out of 100

Category
IPO & Spin-Off⁠
Rank
4 of 8
Six-pillar profile for FPXI. Scores out of 100: Cost 47, Risk 47, Mission not scored, Tradability 61, Holdings 63, Durability 72. Strongest: Durability (72). Weakest: Risk (47). Based on 5 of 6 pillars.

Score 53 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 100
    Rank 4 of 8

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 6 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B61 out of 100
    Rank 4 of 8

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B63 out of 100
    Rank 3 of 7

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A72 out of 100
    Rank 3 of 8

Our read on FPXI

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Nov 4, 2014

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FPXI$10,187
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. FPXI $10,187. SPY $11,146. Use the arrow keys to read each point.$10,000$12,000$14,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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.

Trailing total return for FPXI. Periods over one year show the average yearly return.
PeriodFPXI
Year to date+5.5%
1 month−9.3%
3 months−9.3%
1 year+1.9%
3 yearsper year+19.0%
5 yearsper year−0.4%
10 yearsper year+9.7%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FPXI
YearReturn barFPXI
2026 YTD+5.5%
2025+26.4%
2024+12.6%
2023+9.6%
2022−31.8%
2021−15.7%
2020+71.5%

FPXI in the news

FPXI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
1.12%Last 12 months
Payout per share
$0.69Last 12 months
Last payment
$0.23 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 31 payments from 2017 to 2026 YTD. Jun 22, 2017 $0.07; Sep 21, 2017 $0.07; Dec 21, 2017 $0.13; Mar 22, 2018 $0.01; Jun 21, 2018 $0.28; Sep 14, 2018 $0.14; Dec 18, 2018 $0.10; Jun 14, 2019 $0.19; Sep 25, 2019 $0.02; Dec 13, 2019 $0.07; Jun 25, 2020 $0.11; Dec 24, 2020 $0.01; Jun 24, 2021 $0.23; Sep 23, 2021 $0.10; Dec 23, 2021 $0.08; Mar 25, 2022 $0.003; Jun 24, 2022 $0.29; Sep 23, 2022 $0.03; Dec 23, 2022 $0.12; Mar 24, 2023 $0.0046; Jun 27, 2023 $0.14; Sep 22, 2023 $0.07; Dec 22, 2023 $0.09; Jun 27, 2024 $0.30; Sep 26, 2024 $0.04; Dec 13, 2024 $0.09; Jun 26, 2025 $0.35; Dec 12, 2025 $0.07; Mar 26, 2026 $0.05; Jun 25, 2026 $0.34; Sep 24, 2026 $0.23. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 30, 2026$0.23
Jun 25, 2026Jun 30, 2026$0.34
Mar 26, 2026Mar 31, 2026$0.05
Dec 12, 2025Dec 31, 2025$0.07
Jun 26, 2025Jun 30, 2025$0.35
Dec 13, 2024Dec 31, 2024$0.09
Sep 26, 2024Sep 30, 2024$0.04
Jun 27, 2024Jun 28, 2024$0.30
Dec 22, 2023Dec 29, 2023$0.09
Sep 22, 2023Sep 29, 2023$0.07
Jun 27, 2023Jun 30, 2023$0.14
Mar 24, 2023Mar 31, 2023$0.0046

See all 39 payments⁠

$10,000 in FPXI 10 years ago paid $1,490 in dividends.⁠

FPXI Risk

Risk pillarC47 out of 100Rank 6 of 8 in IPO & Spin-Off
How much the fund’s monthly returns vary, scaled to a year.
23.3%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.72
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−48.3%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
1.13
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FPXI Cost

Compare FPXI and FPX

Overpaying vs FPX, cheapest in IPO & Spin-Off

$2,335

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FPXI 0.70%

    $13,606

  • FPX 0.57% Cheapest

    $11,271

$10,000
30 years

Cost over time

  • FPXI 0.70%
  • FPX 0.57%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530FPXI $13,606FPX $11,271

Year by year

YearFPXIFPXOverpaying
10$1,250$1,023$227
20$4,760$3,921$839
30$13,606$11,271$2,335

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