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FPX vs WZRD

First Trust US Equity Opportunities ETF vs Opportunistic Trader ETF

FPX

First Trust US Equity Opportunities ETF

First Trust

Annual cost

0.57%

Fund size

$1.3B

WZRD

Opportunistic Trader ETF

Tuttle Capital Management, LLC

Annual cost

1.00%

Fund size

$4M

Key differences

  • FPX costs 0.43% less per year.
  • FPX is significantly larger than WZRD — larger funds tend to be more liquid and less likely to close.
  • FPX is classified as equity, while WZRD is alternative — different risk/return profiles.
  • FPX follows a index tracking strategy; WZRD uses structured outcome.
  • FPX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FPXWZRD
Annual cost (TER)0.57%1.00%
Fund size (AUM)$1.3B$4M
Since20062025
Dividend yield0.52%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingstructured outcome
CAGR 1Y+46.1%N/A
CAGR 3Y+33.5%N/A
CAGR 5Y+11.7%N/A
Sharpe 3Y1.10N/A
Volatility 1Y23.27%
Max drawdown-43.14%-71.81%

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

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