Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT - About
First Trust US Equity Opportunities ETF (FPX)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/14/2025: FPX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 38.81% | Avg. Invested days 49 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.28 | 52 Weeks Range 88.61 - 144.66 | Updated Date 06/29/2025 |
52 Weeks Range 88.61 - 144.66 | Updated Date 06/29/2025 |
Upturn AI SWOT
First Trust US Equity Opportunities ETF
ETF Overview
Overview
The First Trust US Equity Opportunities ETF (FPX) seeks capital appreciation by investing in the 50 largest US IPOs and spin-offs. It aims to capture the potential growth of newly public companies and separated entities.
Reputation and Reliability
First Trust is a well-established ETF provider known for its diverse range of investment products and generally reliable performance.
Management Expertise
First Trust Advisors L.P. has a team of experienced investment professionals who manage various ETFs, leveraging their expertise in portfolio construction and asset allocation.
Investment Objective
Goal
The ETF's primary goal is to provide capital appreciation by investing in recently public companies.
Investment Approach and Strategy
Strategy: The ETF tracks the IPOXu00ae US IPO Index, which focuses on the performance of the 50 largest US IPOs and spin-offs.
Composition The ETF primarily holds common stocks of companies that have recently undergone an IPO or spin-off. The portfolio is weighted by float-adjusted market capitalization.
Market Position
Market Share: Data not readily available for precise market share.
Total Net Assets (AUM): 56720000
Competitors
Key Competitors
- Renaissance IPO ETF (IPO)
- Defiance Next Gen IPO ETF (IPOX)
Competitive Landscape
The ETF industry for IPO and spin-off focused funds is relatively concentrated. FPX offers diversification across the 50 largest IPOs and spin-offs, while competitors like IPO may have different weighting methodologies and investment focuses. FPX's diversification is an advantage, but its smaller AUM might pose liquidity concerns compared to larger competitors.
Financial Performance
Historical Performance: Historical performance data should be sourced from financial data providers. The response is numerical and cannot be included in prose.
Benchmark Comparison: Benchmark comparison data should be sourced from financial data providers. The response is numerical and cannot be included in prose.
Expense Ratio: 0.58
Liquidity
Average Trading Volume
The average trading volume of FPX provides sufficient liquidity for most retail investors.
Bid-Ask Spread
The bid-ask spread is typically narrow, reflecting good liquidity and lower trading costs.
Market Dynamics
Market Environment Factors
Economic indicators like GDP growth, interest rates, and investor sentiment towards growth stocks significantly influence FPX's performance. The ETF is sensitive to IPO market activity and the overall health of newly public companies.
Growth Trajectory
The growth trajectory of FPX depends on the volume and performance of new IPOs and spin-offs. Changes in market conditions, investor appetite for new issues, and regulatory changes can influence its growth.
Moat and Competitive Advantages
Competitive Edge
First Trust US Equity Opportunities ETF's advantage lies in its focus on a specific segment of the market, the US IPOs and spin-offs. Its investment strategy targets companies with high growth potential, leading to potentially high returns. The ETF provides diversification within the IPO market segment. First Trust's established reputation and expertise in managing specialized ETFs contribute to investor confidence in the ETF.
Risk Analysis
Volatility
FPX's historical volatility is expected to be higher than broader market indexes due to the inherent risk associated with newly public companies.
Market Risk
FPX faces market risk associated with the overall performance of the stock market and specific risks related to newly public companies, including limited operating history and higher failure rates.
Investor Profile
Ideal Investor Profile
The ideal investor for FPX is one with a higher risk tolerance and a long-term investment horizon. Investors seeking capital appreciation and willing to accept higher volatility may find FPX suitable.
Market Risk
FPX is best suited for long-term investors who understand the risks associated with investing in IPOs and spin-offs. It's less suitable for risk-averse investors or those seeking immediate returns.
Summary
First Trust US Equity Opportunities ETF (FPX) targets capital appreciation by investing in the 50 largest US IPOs and spin-offs. The fund offers exposure to a unique segment of the market, but it's subject to higher volatility. It's best suited for risk-tolerant investors with a long-term focus. FPX offers diversification within the IPO market segment and exposure to potentially high-growth companies, while the fund should be compared to its competitors for suitability.
Peer Comparison
Sources and Disclaimers
Data Sources:
- First Trust website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on your own research and due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Trust US Equity Opportunities ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index seeks to measure the performance of equity securities of the 100 typically largest and most liquid initial public offerings (IPOs) (including spin-offs and equity carve-outs) of U.S. companies. It is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.