First Trust International Equity Opportunities ETF (FPXI) is a developed ex-US international ETF. As of October 9, 2026, ETF Copilot scores FPXI 5.0 out of 10 — highest on Quality (7.6), lowest on Risk (1.5). It trades at 23.0 times earnings, against its own median of 23.0. Its ten largest holdings are 49% of the fund.
What stands out in FPXI's data
Recent non-U.S. IPOs, spanning developed markets outside America.
Trades at a richer price than the typical developed-ex-US fund — you pay more for each dollar of earnings.
Its trailing EBITDA multiple of 11.7x sits above the category median of 10.4x, though it has come down from its own 14.4x historical median. Return on invested capital runs at 23.9%.
Adds a growth tilt to a developed-market allocation, focused on freshly public companies.
How is FPXI rated? ETF Copilot scores First Trust International Equity Opportunities ETF (FPXI) 5.0 out of 10
As of October 9, 2026, ETF Copilot scores First Trust International Equity Opportunities ETF (FPXI) 5.0 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.0 / 10
- Growth: 5.4 / 10
- Value: 6.4 / 10
- Risk: 1.5 / 10
- Quality: 7.6 / 10
- Return: 4.3 / 10
Is FPXI expensive right now? It trades at 23.0 times earnings, against its own median of 23.0
As of October 9, 2026, FPXI is cheaper than 50% of its own last 9 years.
Trailing 12 months, built from FPXI's holdings. How we calculate this →
What's inside FPXI? 28% Tech
What's inside FPXI: Size (Large 47%, Mid 52%, Small 2%); Geography (International 96%, US 4%); Tech 27.9%; AI 1.9%; Semiconductors 17.8%; Memory 12.2%.
What are FPXI's top holdings? The ten largest are 49% of the fund
Advantest, Contemporary Amperex Technology, Kioxia, FAR Eastone Telecommunications, Chiba Bank, Wuxi Apptec, Arm, Caixa Seguridade Participacoes, Rio Tinto and Sichuan Kelun-Biotech Biopharmaceutical are FPXI's largest holdings, in that order.
More concentrated than 92% of Developed ex-US ETFs.
Half of FPXI's weight sits in its 11 largest positions, and once those weights are taken into account it behaves like 27 equally weighted holdings.
What is FPXI's expense ratio? 0.70% a year
As of October 9, 2026, FPXI charges 0.70% a year, yields 1.01% and holds $234M in assets across 50 positions.
| Measure | FPXI |
|---|---|
| Expense ratio | 0.70% |
| Dividend yield | 1.01% |
| Assets under management | $234M |
| Holdings | 50 |
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.
Cite this
ETF Copilot, “First Trust International Equity Opportunities ETF (FPXI) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fpxi
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