Data as of Oct 28, 2026.
FPX vs IWR: Differences, Returns & Fees
Over the year to Oct 28, 2026, FPX returned +2.9% to IWR's +15.7%; 5% of their weight is in the same names.
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Net assets on Oct 27, 2026: $1.4bn for First Trust US Equity Opportunities ETF and $57.8bn for iShares Russell Mid-Cap ETF.
Pair scorecard
IWR costs 0.39 points a year less; their one-year returns differ by 12.8 points; IWR is far larger, $57.8bn against $1.4bn.
| Measure | FPX | IWR |
|---|---|---|
| Return | ||
| Total return, 1 year | +2.9% | +15.7% |
| Drawdown | ||
| Below its high | 15.9%, high on Jun 30, 2026 | 3.5%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | IPOX -100 U.S. Index | Russell Midcap Index |
| Cost and size | ||
| Expense ratio | 0.57% | 0.18% |
| Net assets, as of Oct 27, 2026 | $1.4bn | $57.8bn |
| Holdings | ||
| Holdings in common | 5% | |
| Top ten holdings, share of the fund | 46.4% | 6.7% |
Holdings in common uses holdings dated Oct 27, 2026. Method
What they share
By the books each fund has filed, FPX and IWR hold 5% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
5% in common
Only in one fund ↓
Side by side
FPX and IWR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FPX and IWR do different jobs. What does each one do in a portfolio?
- What each follows. FPX follows IPOX -100 U.S. Index and IWR follows Russell Midcap Index.
- Holdings in common. 5% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FPX returned +2.9% and IWR +15.7% with distributions reinvested, a gap of 12.8 points.
Data as of Oct 28, 2026.
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FPX
FPX tracks an index. Over the year to Oct 28, 2026 it returned +2.9% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.57% a year. By its holdings published by its issuer for Oct 27, 2026, 51% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 46.4%. It sat 15.9% below its high of Jun 30, 2026 on Oct 28, 2026.
Over the year to Oct 28, 2026 it returned +15.7% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.
IWR tracks an index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 62% of the fund by weight is stocks the S&P 500 also holds, across 826 positions, with the top ten at 6.7%. It sat 3.5% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FPX or IWR?
- In the year to Oct 28, 2026, with distributions reinvested, FPX returned +2.9% and IWR +15.7%.
- Which is cheaper, FPX or IWR?
- IWR is cheaper, by 0.39 percentage points a year. That is about $39 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, FPX against IWR, data as of Oct 28, 2026. https://etfiq.com/compare/any/fpx-vs-iwr
ETFIQ. (Oct 28, 2026). FPX against IWR. Retrieved from https://etfiq.com/compare/any/fpx-vs-iwr
[FPX against IWR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fpx-vs-iwr)
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