FPXE vs. AGQI ETF Comparison
Comparison of First Trust IPOX Europe Equity Opportunities ETF (FPXE) to First Trust Active Global Quality Income ETF (AGQI)
FPXE
First Trust IPOX Europe Equity Opportunities ETF
FPXE Description
The First Trust IPOX® Europe Equity Opportunities ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the IPOX® 100 Europe Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and/or depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned, developed, maintained and sponsored by IPOX® Schuster LLC (the "Index Provider").
Grade (RS Rating)
Last Trade
$24.23
Average Daily Volume
268
23
AGQI
First Trust Active Global Quality Income ETF
AGQI Description
AGQI aims to hold a global basket of income-producing equities of companies that can maintain or grow dividends without compromising their financial stability. Equity securities include common and preferred stocks, depositary receipts, and real estate investment trusts. The fund invests in US and non-US issuers, holding at least 40% of its assets outside the US, with up to 20% allocated in emerging markets. The fund uses a fundamental approach to select dividend-paying companies with quality income, meaning they can provide stable and growing dividends. Eligible companies are assessed based on ROE and/or ROIC, financial leverage ratio, and dividend payout ratio. The resulting portfolio may have a large-cap tilt, although the fund invests in companies of any market capitalization. On November 21, 2023, the ETF acquired all assets and liabilities of the First Trust Dynamic Europe Equity Income Fund (ticker: FDEU), which had about $220 million in assets, morphing the closed-end fund into an ETF.Grade (RS Rating)
Last Trade
$13.85
Average Daily Volume
26,073
5
Performance
| Period | FPXE | AGQI |
|---|---|---|
| 30 Days | -3.31% | -1.01% |
| 60 Days | -3.05% | 0.41% |
| 90 Days | 7.65% | 1.36% |
| 12 Months | 14.48% |
1 Overlapping Holdings
| Symbol | Grade | Weight in FPXE | Weight in AGQI | Overlap | |
|---|---|---|---|---|---|
| NVT | B | 8.55% | 4.07% | 4.07% |
FPXE Overweight 22 Positions Relative to AGQI
FPXE: Top Represented Industries & Keywords
AGQI: Top Represented Industries & Keywords
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