First Trust US Equity Opportunities ETF

FPX

Market cap $1.27B

First Trust US Equity Opportunities ETF (FPX) receives a sell rating due to high risk in top holdings, stretched valuations, and underperformance versus peers. FPX's top holdings—GE Vernova, Sandisk, and Medline—face rising costs, inconsistent profitability, and tariff pressures, threatening future returns. Despite recent strong momentum and a one-year return over 60%, FPX's 5-year average annual return lags at just 6.41%, below VFMO, DYNF, and the S&P 500.

SpaceX could be the catalyst for a surge as the U.S. IPO market eyes a comeback. ETFs like FPX, IPO and IPOS offer an easy way to gain exposure.

As dealmaking momentum builds, the U.S. IPO market may be gearing up for a comeback in 2026. ETFs like FPX, IPO, FPXI and IPOS provide a low-stress way to play the trend.

With blockbuster IPOs lining up, ETFs provide a low-stress way to play the trend.

First Trust US Equity Opportunities ETF offers exposure to top-performing US IPOs, focusing on high-growth, high-beta companies across multiple sectors. FPX has outperformed the S&P 500 recently, driven by strong gains in top holdings like GEV, APP, PLTR, and CEG, but carries higher volatility. The ETF is best suited for risk-tolerant investors seeking tactical or satellite positions, with a recommended allocation of 2-3% and a 20-30% trailing stop.

Figma, Circle, and CoreWeave are just a few names to remind investors that the initial public offering (IPO) market is alive and kicking despite the market challenges in 2025. This opens the door into a room with IPO-focused exchange-traded funds (ETFs) that can provide niche exposure to these up and comers.

IPO activity is rebounding in 2025. Chances of easier Fed policy, a strong stock market, receding trade tensions and AI boom fuel momentum.

First Trust US Equity Opportunities ETF (FPX) holds 100 liquid stocks during the 1000 trading days after their IPOs or spin-offs. FPX includes companies of all sizes, yet is quite concentrated in technology and in its top holdings. FPX is more compelling than its close competitor IPO based on performance, size, liquidity and diversification.

IPO market momentum accelerates as U.S. listings surge, boosting ETFs like FPX, IPO, FPXI and IPOS across the board.

SHLD, ARKW, BUZZ and other U.S. ETFs are seeing gains ahead of July 4.