Is FPX a good investment?

First Trust US Equity Opportunities ETF (FPX) is a deep-tech ETF. As of September 11, 2026, ETF Copilot scores FPX 5.1 out of 10 — highest on Return (6.3), lowest on Risk (1.2). It trades at 27.9 times earnings, against its own median of 25.6. Its ten largest holdings are 45% of the fund.

Updated September 11, 2026

How is FPX rated? ETF Copilot scores First Trust US Equity Opportunities ETF (FPX) 5.1 out of 10

As of September 11, 2026, ETF Copilot scores First Trust US Equity Opportunities ETF (FPX) 5.1 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 5.1 / 10
Growth: 5.8 / 10
Valuation: 6.2 / 10
Risk: 1.2 / 10
Quality: 5.3 / 10
Return: 6.3 / 10

What is FPX's expense ratio? 0.57% a year

As of September 11, 2026, FPX charges 0.57% a year, yields 0.85% and holds $1.5B in assets across 94 positions.

First Trust US Equity Opportunities ETF (FPX) — cost, income and size
Measure	FPX
Expense ratio	0.57%
Dividend yield	0.85%
Assets under management	$1.5B
Holdings	94

Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.

What stands out in FPX's data

Recent U.S. IPOs, weighted toward the largest newly public companies.

Profitability trails most peers, so the fund's performance depends on growth from its IPO holdings.

Return on equity of 13.0% trails the category median of 14.3%, though it has improved from its own 11.0% history.

A bet on freshly public companies — higher uncertainty for direct exposure to the IPO pipeline.

Is FPX expensive right now? It trades at 27.9 times earnings, against its own median of 25.6

As of September 11, 2026, FPX is more expensive than 69% of its own 114 monthly readings since 2017 — 79 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside FPX? 32% Tech

What's inside FPX: Size (Large 44%, Mid 46%, Small 10%); Geography (International 13%, US 87%); Tech 32.3%; AI 0.9%; Memory 15.6%.

What are FPX's top holdings? The ten largest are 45% of the fund

GE Vernova, Sandisk, Seagate Technology, Eli Lilly, Lumentum, Warner Bros. Discovery, Medline, HF Sinclair, FedEx and Space Exploration Technologies are FPX's largest holdings, in that order.

More concentrated than 61% of Thematic - Tech Disruption ETFs.

Half of FPX's weight sits in its 13 largest positions, and once those weights are taken into account it behaves like 29 equally weighted holdings.

Cite this

ETF Copilot, “First Trust US Equity Opportunities ETF (FPX) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/fpx