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HFEQ vs FPXI

Unlimited HFEQ Equity Long/Short ETF vs First Trust International Equity Opportunities ETF

HFEQ

Unlimited HFEQ Equity Long/Short ETF

Unlimited

Annual cost

0.96%

Fund size

$19M

FPXI

First Trust International Equity Opportunities ETF

First Trust

Annual cost

0.70%

Fund size

$187M

Key differences

  • FPXI costs 0.26% less per year.
  • FPXI is significantly larger than HFEQ — larger funds tend to be more liquid and less likely to close.
  • HFEQ is classified as alternative, while FPXI is equity — different risk/return profiles.
  • HFEQ follows a long short strategy; FPXI uses index tracking.
  • FPXI has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HFEQFPXI
Annual cost (TER)0.96%0.70%
Fund size (AUM)$19M$187M
Since20252014
Dividend yield0.67%
Asset classalternativeequity
Regionnorth america
Strategylong shortindex tracking
CAGR 1YN/A+43.4%
CAGR 3YN/A+24.8%
CAGR 5YN/A+4.1%
Sharpe 3YN/A0.99
Volatility 1Y23.21%
Max drawdown-12.45%-55.78%

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

Similar to HFEQ and FPXI