FPXI vs IVV
First Trust International Equity Opportunities ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FPXI delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FPXI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.03% | |
| AUM | $302M | $907.0B | |
| Dividend Yield | 0.67% | 1.10% | |
| Holdings | 61 | 508 | |
| YTD Return | +18.51% | +12.28% | |
| 1Y Return | +24.62% | +20.94% | |
| 3Y Return (annualized) | +23.12% | +21.81% | |
| 5Y Return (annualized) | +2.33% | +13.05% | |
| Volatility (annualized) | 20.4% | 15.1% | |
| Max Drawdown | -55.8% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 4, 2014 | May 15, 2000 |
FPXI vs IVV Performance
First Trust International Equity Opportunities ETF (FPXI) is a ETF from First Trust Portfolios (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FPXI returned +24.62% while IVV returned +20.94%. Year to date, FPXI is up 18.51% versus a gain of 12.28% for IVV.
Over three years, FPXI compounded at +23.12% per year against +21.81% for IVV; over five years the annualized figures are +2.33% and +13.05% respectively. Across the full 12-year window we track, FPXI has the edge at +8.05% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FPXI has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 15.1% for IVV. 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 -55.8% for FPXI and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FPXI charges 0.70% per year while IVV charges 0.03%. On a $10,000 position that is $70 vs $3 annually, a gap of $67 per year that compounds over a long holding period. On income, FPXI currently yields 0.67% against 1.10% for IVV.
Holdings Overlap
FPXI and IVV share 0 holdings out of 556 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FPXI or IVV?
FPXI has an expense ratio of 0.70% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, FPXI or IVV?
Over the past year FPXI returned +24.62% vs +20.94% for IVV, so FPXI leads on 1-year performance. Over the longest common window we track (12 years), FPXI annualized +8.05% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, FPXI or IVV?
FPXI has been the more volatile fund at 20.4% annualized versus 15.1% for IVV. Worst drawdown: FPXI -55.8% vs IVV -56.5%.
Should I hold both FPXI and IVV?
FPXI and IVV have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FPXI and IVV?
FPXI and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 556 unique securities.
Which pays a higher dividend, FPXI or IVV?
FPXI yields 0.67% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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