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FPX vs FCEF

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

FPX

First Trust US Equity Opportunities ETF

First Trust

Annual cost

0.57%

Fund size

$1.3B

FCEF

First Trust Income Opportunity ETF

First Trust

Annual cost

3.69%

Fund size

$75M

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.
  • FPX is classified as equity, while FCEF is mixed asset — different risk/return profiles.
  • FPX follows a index tracking strategy; FCEF uses active selection.
  • 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

FPXFCEF
Annual cost (TER)0.57%3.69%
Fund size (AUM)$1.3B$75M
Since20062016
Dividend yield0.52%6.24%
Asset classequitymixed asset
Regionnorth america
Strategyindex trackingactive selection
CAGR 1Y+43.6%+18.7%
CAGR 3Y+32.8%+16.1%
CAGR 5Y+11.1%+6.5%
Sharpe 3Y1.081.19
Volatility 1Y23.17%7.84%
Max drawdown-43.14%-44.81%

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

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