FPX vs VOO
First Trust US Equity Opportunities ETF vs Vanguard S&P 500 ETF
Which is better, FPX or VOO?
Large Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. FPX led over 1Y, 3Y and the full window, VOO over 5Y. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 42.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FPX | VOO |
|---|---|---|
| Expense Ratio | 0.57% | 0.03%Best |
| AUM | $1.5B | $997.4B |
| Dividend Yield | 0.48% | 1.08% |
| Holdings | 204 | 509 |
| YTD Return | +11.23% | +13.37%Best |
| 1Y Return | +22.46%Best | +20.08% |
| 3Y Return (annualized) | +27.89%Best | +21.29% |
| 5Y Return (annualized) | +7.47% | +12.89%Best |
| Volatility (annualized) | 19.8% | 14.1%Best |
| Max Drawdown | -43.1% | -34.3%Best |
| $10,000 over 5 years | $14,336 | $18,335Best |
| Top 10 Weight | 42.0% | 36.4%Best |
| Fund Family | First Trust Portfolios (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Apr 12, 2006 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 4, 2026 (16 years).
FPX vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16 years both funds cover.
FPX vs VOO Performance
First Trust US Equity Opportunities ETF (FPX) is an ETF from First Trust Portfolios (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year FPX returned +22.46% while VOO returned +20.08%. Year to date, FPX is up 11.23% versus a gain of 13.37% for VOO.
Over three years, FPX compounded at +27.89% per year against +21.29% for VOO; over five years the annualized figures are +7.47% and +12.89% respectively. Across the full 16-year window we track, FPX has the edge at +15.03% annualized vs +13.48%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FPX has been the more volatile fund, with annualized monthly volatility of 19.8% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -43.1% for FPX and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FPX charges 0.57% per year while VOO charges 0.03%. On a $10,000 position that is $57 vs $3 annually, a gap of $54 per year that compounds over a long holding period. On income, FPX currently yields 0.48% against 1.08% for VOO.
Holdings Overlap
49.3% of FPX's money is in holdings VOO also owns. 4.4% of VOO's money is in holdings FPX also owns.
The two portfolios partly overlap.
20 positions in common, counted across the 100 positions we hold weights for in FPX and 504 in VOO, against full books of 204 and 509.
What only one of them owns
Our book lists 474 positions for VOO that do not appear in our book for FPX (94.9% of the fund), and 75 for FPX that do not appear in VOO (47.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FPX | Weight in VOO | Difference |
|---|---|---|---|
| GEVGe Vernova, Inc. | 10.93% | 0.49% | 10.44% |
| SNDKSandisk Corporation | 6.95% | 0.52% | 6.43% |
| STXSeagate Technology Holdings Plc | 6.14% | 0.34% | 5.80% |
| LLYEli Lilly & Co. | 3.60% | 1.47% | 2.13% |
| WBDWarner Bros Discovery Inc | 2.84% | 0.10% | 2.74% |
| LITELumentum Holdings Inc | 2.80% | 0.10% | 2.70% |
| APPAppLovin Corp. Com Cl A | 2.14% | 0.21% | 1.93% |
| GSGoldman Sachs Group Inc. | 1.89% | 0.44% | 1.45% |
| FDXFedex Corp. | 1.99% | 0.11% | 1.88% |
| DASHData Dasher, Inc | 1.97% | 0.11% | 1.86% |
49.3% of FPX is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FPX or VOO?
FPX has an expense ratio of 0.57% while VOO charges 0.03%. VOO is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, FPX or VOO?
Over the past year FPX returned +22.46% vs +20.08% for VOO, so FPX leads on 1-year performance. Over the longest common window we track (16 years), FPX annualized +15.03% vs +13.48% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FPX or VOO?
FPX has been the more volatile fund at 19.8% annualized versus 14.1% for VOO. Worst drawdown: FPX -43.1% vs VOO -34.3%.
Should I hold both FPX and VOO?
FPX and VOO have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FPX and VOO?
49.3% of FPX's money is in holdings VOO also owns. 4.4% of VOO's is in holdings FPX also owns. They hold 20 positions in common, counted across the 100 positions we hold weights for in FPX and 504 in VOO.
Which pays a higher dividend, FPX or VOO?
FPX yields 0.48% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
Is VOO better than FPX?
VOO has a lower expense ratio. FPX led over 1Y, 3Y and the full window, VOO over 5Y. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 42.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.