First Trust US Equity Opportunities ETF (FPX) Performance
FPX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +3.5% since Dec 31, 2025
- 1 year
- +3.6% total return
- 5 years
- +5.8% a year
- 10 years
- +12.7% a year
- Since first price
- +11.7% a year since 2006
FPX trailing returns vs SPY, QQQ, AGG
| Period | FPX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.2% | −6.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −9.7% | −9.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −5.3% | −5.3% | +7.8% | +8.4% | −1.5% |
| YTD | +3.5% | +3.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +3.6% | +3.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +115.3%+29.1%/yr | +113.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +32.7%+5.8%/yr | +30.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +231.6%+12.7%/yr | +215.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +685.8%+14.7%/yr | +613.7% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +844.4%+11.9%/yr | +721.9% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionApr 13, 2006 | +867.0%+11.7%/yr | +741.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FPX vs SPY
From Apr 13, 2006: FPX grew to $96,699, SPY to $85,862.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FPX returns by calendar year
16 of 19 full years positive. Best 2020 (+47.9%), worst 2008 (−43.8%). 2026 is year to date.
FPX annual returns table
| Year | FPX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +3.5% | −18.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +37.6% | −30.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +24.7% | −13.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +22.3% | −20.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −35.1% | −36.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +3.7% | −18.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +47.9% | −37.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +30.4% | −9.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −8.3% | −23.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +27.0% | −3.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +6.7% | −14.8% | +12.0% | +7.1% | +2.4% |
| 2015 | +2.3% | −16.2% | +1.2% | +9.4% | +0.5% |
| 2014 | +11.7% | −10.9% | +13.5% | +19.2% | +6.0% |
| 2013 | +47.8% | −6.7% | +32.3% | +36.6% | −2.0% |
| 2012 | +30.4% | −12.0% | +16.0% | +18.1% | +3.8% |
| 2011 | +3.0% | −22.6% | +1.9% | +3.4% | +7.7% |
| 2010 | +18.1% | −15.7% | +15.1% | +19.9% | +6.4% |
| 2009 | +44.6% | −23.7% | +26.4% | +54.7% | +3.0% |
| 2008 | −43.8% | −55.7% | −36.8% | −41.7% | +7.9% |
| 2007 | +14.8% | −14.4% | +5.1% | +19.0% | +6.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FPX largest drawdowns
Now 18.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 26, 2007 | −56.3% | Nov 20, 2008 | Feb 14, 2011 | 11 months | 3.1 years |
| Nov 9, 2021 | −43.1% | Oct 30, 2023 | Feb 5, 2025 | 2.0 years | 3.2 years |
| Feb 19, 2020 | −37.0% | Mar 23, 2020 | Jul 8, 2020 | 33 days | 5 months |
| Feb 18, 2025 | −30.9% | Apr 4, 2025 | Jun 26, 2025 | 45 days | 4 months |
| Jul 20, 2015 | −24.1% | Feb 11, 2016 | Feb 3, 2017 | 7 months | 1.5 years |
| Aug 29, 2018 | −23.5% | Dec 24, 2018 | Apr 3, 2019 | 4 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FPX risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +28.8% | +8.1% | +13.2% | +12.0% |
| Volatility (annualized) | 25.1% | 25.1% | 22.3% | 20.5% |
| Sharpe ratio | 0.97 | 0.29 | 0.57 | — |
| Sortino ratio | 1.75 | 0.45 | 0.90 | — |
| Best month | +15.3% | +15.3% | +18.2% | +18.2% |
| Worst month | −13.9% | −13.9% | −17.6% | −20.6% |
| Best 12 months | +53.2% | +53.2% | +89.6% | +89.6% |
| Worst 12 months | +5.7% | −35.1% | −35.4% | −45.4% |
| Positive months | 67% | 55% | 62% | 62% |
| Beta vs S&P 500 | 1.58 | 1.28 | 1.20 | — |
| Correlation with S&P 500 | 0.78 | 0.80 | 0.82 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FPX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 235 | −45.4% | +17.4% | +89.6% | 80% |
| 3-year (a year) | 211 | −8.8% | +13.3% | +34.1% | 82% |
| 5-year (a year) | 187 | +2.5% | +11.1% | +32.1% | 100% |
| 10-year (a year) | 127 | +6.8% | +12.9% | +20.4% | 100% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
FPX performance overview
First Trust US Equity Opportunities ETF (FPX) returned +3.6% over the past year and +12.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +11.7% a year, turning $10,000 into about $96,699. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −56.3%, from Dec 26, 2007 to Nov 20, 2008, and it took 2.2 years to get back to the old high. FPX finished 16 of its 19 full calendar years with a gain; the best year was 2020 (+47.9%) and the worst 2008 (−43.8%). Volatility has been 20.5% a year.
Related: FPX chart, FPX holdings, FPX dividends, FPX valuation. See the FPX overview for the latest quote and fund facts.
FPX performance FAQ
What is the FPX return over the past year?
FPX returned +3.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 3.4%.
What is the average annual return of FPX?
FPX has returned +5.8% a year over 5 years, +12.7% a year over 10 years, +11.7% a year since April 13, 2006 (total return, distributions reinvested).
How much would $10,000 invested in FPX be worth?
$10,000 invested in FPX at its first recorded close on April 13, 2006 would be worth about $96,699 on October 23, 2026 with distributions reinvested.
What was the worst year for FPX?
The worst calendar year was 2008, with a total return of −43.8%. The best was 2020 at +47.9%.
What is the biggest drawdown of FPX?
The largest peak-to-trough decline was −56.3% between December 26, 2007 and November 20, 2008. It recovered to the old high on February 14, 2011, 2.2 years after the bottom.
How volatile is FPX?
Over the past 3 years FPX had an annualized volatility of 25.1% and a Sharpe ratio of 0.97 (excess return over 1–3 month T-bills per unit of risk).