FPXvsOPTZETF Comparison
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First Trust US Equity Opportunities ETF (FPX) belongs to the US Large Cap segment. Optimize Strategy Index ETF (OPTZ) is part of the US Multi-Factor segment. FPX's top 3 sector exposures are Technology, Industrials and Healthcare. In contrast, OPTZ's top sector exposures are Technology, Finance and Healthcare. FPX is more expensive with a Total Expense Ratio (TER) of 0.61%, versus 0.25% for OPTZ. FPX is up 9.76% year-to-date (YTD) with +$169M in YTD flows. OPTZ performs better with 24.73% YTD performance, and +$7M in YTD flows. Run a side-by-side ETF comparison of FPX and OPTZ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FPX vs OPTZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FPX OPTZ | -12.76%-9.63% | -0.65%+7.25% | +9.76%+24.73% | +20.01%+40.01% | +89.96%n/a | +44.59%n/a |
| Flows | FPX OPTZ | +$31M+$2M | +$169M+$21K | +$169M+$7M | +$266M+$9M | +$74M- | -$649M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FPX OPTZ | +31.58%+30.02% | +26.51%+21.85% | +26.94%n/a | +27.26%n/a |
| Max drawdown | FPX OPTZ | -16.44%-13.30% | -16.44%-13.30% | -30.75%n/a | -43.15%n/a |
| Max drawdown duration | FPX OPTZ | 30d30d | 30d30d | 125dn/a | 1183dn/a |
Trading data
FPX | OPTZ | |
Last sale 7/31/2026 at 1:30 PM | $177.43 | $44.86 |
| Previous close 07/30/2026 | $179.92 | $44.90 |
| Consolidated volume 07/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 30, 2026
1-year trailing difference
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FPX | OPTZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/31/2026 at 1:30 PM
Live
Closed
FPX | OPTZ | |
|---|---|---|
| Last price | $177.43 | $44.86 |
| 1D performance | -1.38% | -0.11% |
| AuM | $1.48 B | $259.73 M |
| E/R | 0.61% | 0.25% |
Characteristics
FPX | OPTZ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Optimize Financial |
| Benchmark | IPOX U.S. 100 Index | Optimize Strategy Index |
| N° of holdings | 94 | 331 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 12, 2006 | April 23, 2024 |
| ESG | No | No |
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Exposure
Countries
FPX
USA
92.86%
Other
7.14%
OPTZ
USA
92.13%
Other
7.87%
Sectors
FPX
Technology
29.2%
Industrials
17.55%
Healthcare
15.33%
Finance
8.86%
Consumer Services
8.02%
Other
21.04%
OPTZ
Technology
49.52%
Finance
9.96%
Healthcare
9.66%
Industrials
9.21%
Other
21.65%
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Diversification
FPX
Total weight of top 15 holdings out of 15
53.51%
OPTZ
Total weight of top 15 holdings out of 15
34.44%
Top 15 holdings
Data as of June 30, 2026
FPX
GE Vernova, Inc.
11.06%
Sandisk Corp.
9.49%
Seagate Technology Holdings Plc
6.09%
Eli Lilly & Co.
3.33%
Medline, Inc.
2.71%
Warner Bros. Discovery, Inc.
2.66%
Applovin Corp.
2.63%
Lumentum Holdings, Inc.
2.47%
AST Spacemobile, Inc.
2.09%
UL Solutions, Inc.
1.95%
US84615Q1031
1.93%
FedEx Corp.
1.83%
BrightSpring Health Services, Inc.
1.79%
Solstice Advanced Materials, Inc.
1.74%
DT Midstream, Inc.
1.74%
OPTZ
Sandisk Corp.
4.03%
Penguin Solutions, Inc.
3.47%
Micron Technology, Inc.
3.11%
Advanced Micro Devices, Inc.
2.75%
Seagate Technology Holdings Plc
2.59%
Western Digital Corp.
2.43%
TTM Technologies, Inc.
2.21%
Applied Materials, Inc.
1.96%
Lam Research Corp.
1.93%
KLA Corp.
1.88%
MACOM Technology Solutions Holdings, Inc.
1.81%
Coherent Corp.
1.64%
Teradyne, Inc.
1.63%
Arrow Electronics, Inc.
1.58%
Lumentum Holdings, Inc.
1.42%
Frequently asked questions about FPX and OPTZ
How have the FPX and OPTZ ETFs performed in 2026?
As of July 30, 2026, FPX is up 9.76% year-to-date (YTD), while OPTZ has returned 24.73%. That puts OPTZ better performer ahead so far this year.
Which ETF is attracting more investor money: FPX or OPTZ?
Year-to-date, the FPX ETF saw +$169M in flows, compared to +$7M for OPTZ.
Which ETF is more volatile: FPX or OPTZ?
Over the past year, FPX had a volatility of 26.51%, while OPTZ experienced 21.85%.
Which ETF is bigger: FPX or OPTZ?
As of July 30, 2026, FPX holds $1.48 B in assets under management (AUM), while OPTZ manages $259.73 M.
What sectors do the FPX and OPTZ ETFs invest in?
FPX leans toward sectors like Technology, Industrials and Healthcare. Meanwhile, OPTZ focuses on Technology, Finance and Healthcare.
What are the top holdings of the FPX ETF and OPTZ ETF?
FPX top holdings include GE Vernova, Inc., Sandisk Corp. and Seagate Technology Holdings Plc. OPTZ holds in its top three: Sandisk Corp., Penguin Solutions, Inc. and Micron Technology, Inc..
Which ETF is more diversified: FPX or OPTZ?
FPX holds 94 securities with 53.51% of its assets in the top 15. OPTZ has 333 securities and a top 15 weight of 34.44%.
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