FPX vs IPO
First Trust US Equity Opportunities ETF against Renaissance IPO ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
13%
16 shared positions
Fee gap
3 bp
FPX is cheaper
1-year return gap
4.5 pts
FPX is ahead
Larger fund
FPX
$1.5B
Side by side
| FPX | IPO | |
|---|---|---|
| Fund | First Trust US Equity Opportunities ETF | Renaissance IPO ETF |
| Issuer | First Trust | Renaissance |
| Category | Total Market | IPOs & Special Situations |
| Expense ratio | 0.57% | 0.60% |
| Assets | $1.5B | $149M |
| Average daily dollar volume | $4.3M | $746K |
| Listed | Apr 12, 2006 | Oct 16, 2013 |
| FrenzyCap score | 52 | 38 |
| 1-month return | +0.1% | +3.2% |
| 3-month return | −4.7% | −4.3% |
| Year to date | +10.3% | +16.9% |
| 1-year return | +7.7% | +3.2% |
| 30-day volatility | 16.5% | 25.8% |
| Worst drawdown, 1 year | −16.3% | −24.0% |
| Trailing 12-month yield | 0.18% | 0.12% |
| Holdings | 102 | 54 |
| Top 10 weight | 45.2% | 59.5% |
| Look-through P/E | 45.2 | 381.1 |
| Holdings vs fair value | +10.1% | +9.8% |
| Holdings above 200-day average | 58% | 48% |
| Net flow, latest 3 reported months | +$147M thru Jun 2026 | +$11M thru Jun 2026 |
| 30-day implied volatility | 27.4% | 31.8% |
| Holdings as of | as of Jun 30, 2026SEC filing | as of Jun 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
13% of FPX · 43% of IPO
Sector mix of the stock holdings
| Sector | FPX | IPO | Gap |
|---|---|---|---|
| Technology | 26.0% | 48.2% | −22.1% |
| Industrials | 23.2% | 18.0% | +5.2% |
| Health Care | 12.4% | 11.0% | +1.3% |
| Financials | 4.9% | 6.6% | −1.7% |
| Communication Services | 6.8% | 0.0% | +6.8% |
| Real Estate | 2.6% | 4.0% | −1.4% |
| Utilities | 3.4% | 3.1% | +0.3% |
| Consumer Discretionary | 3.4% | 0.0% | +3.4% |
| Consumer Staples | 2.9% | 0.3% | +2.6% |
| Materials | 2.4% | 0.0% | +2.4% |
| Energy | 1.5% | 0.0% | +1.5% |
More: full overlap table · FPX holdings · IPO holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.