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FCEF vs FPX

First Trust Income Opportunity ETF vs First Trust US Equity Opportunities ETF

FCEF

First Trust Income Opportunity ETF

First Trust

Annual cost

3.69%

Fund size

$75M

FPX

First Trust US Equity Opportunities ETF

First Trust

Annual cost

0.57%

Fund size

$1.3B

Key differences

  • FPX costs 3.12% less per year.
  • FPX is significantly larger than FCEF — larger funds tend to be more liquid and less likely to close.
  • FCEF is classified as mixed asset, while FPX is equity — different risk/return profiles.
  • FCEF follows a active selection strategy; FPX uses index tracking.
  • Over the last 3 years, FPX has delivered higher annualized returns.
  • FPX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FCEFFPX
Annual cost (TER)3.69%0.57%
Fund size (AUM)$75M$1.3B
Since20162006
Dividend yield6.24%0.52%
Asset classmixed assetequity
Regionnorth america
Strategyactive selectionindex tracking
CAGR 1Y+18.7%+43.6%
CAGR 3Y+16.1%+32.8%
CAGR 5Y+6.5%+11.1%
Sharpe 3Y1.191.08
Volatility 1Y7.84%23.17%
Max drawdown-44.81%-43.14%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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