Data as of Oct 28, 2026.

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FPX vs SPGP: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FPX returned +2.9% to SPGP's +7.8%; 4% 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 $2.1bn for Invesco S&P 500 GARP ETF.

At a glance
+2.9%
FPX total return, 1 year
+7.8%
SPGP total return, 1 year
0.57%
FPX expense ratio
0.34%
SPGP expense ratio

Pair scorecard

SPGP costs 0.23 points a year less; their one-year returns differ by 4.9 points; SPGP is 1.5 times larger.

FPX vs SPGP: Differences, Returns & Fees
MeasureFPXSPGP
Return
Total return, 1 year+2.9%+7.8%
Drawdown
Below its high15.9%, high on Jun 30, 20265.4%, high on Aug 13, 2026
Benchmark
What it tracksIPOX -100 U.S. IndexS&P 500 GARP Index
Cost and size
Expense ratio0.57%0.34%
Net assets, as of Oct 27, 2026$1.4bn$2.1bn
Holdings
Holdings in common4%
Top ten holdings, share of the fund46.4%20.5%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

4%

By the books each fund has filed, FPX and SPGP hold 4% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

4% in common

Positions both hold · largest shared weight first FPX SPGP
Eli Lilly and Company 8.28% 2.09%
GE Vernova Inc. 7.36% 1.17%
Fox Corporation (Class A) 0.62% 1.09%
Only in one fund ↓
Only in FPX
Space Exploration Technologies Corp. (Class A) 9.24%
Sandisk Corporation 5.46%
Seagate Technology Holdings Plc 4.17%
HF Sinclair Corp. 3.25%
Lumentum Holdings Inc. 2.67%
Corpay, Inc. 2.09%
Twilio Inc. (Class A) 2.01%
The Goldman Sachs Group, Inc. 1.89%
Only in SPGP
NVIDIA Corp 2.41%
Cincinnati Financial Corp 2.22%
Progressive Corp 2.14%
Arista Networks Inc 2.11%
Arch Capital Group Ltd 2.01%
Royal Caribbean Cruises Ltd 1.94%
Expedia Group Inc 1.92%
Newmont Corp 1.86%
Check overlap with more funds →

Side by side

FPX First Trust US Equity Opportunities ETF SPGP Invesco S&P 500 GARP ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks an index
Total return, 1 year +2.9% +7.8%
Its benchmark over the same days +13.7% (IVV) +13.7% (VOO)
Gap to its benchmark −10.8 pts vs IVV −5.9 pts vs VOO
Expense ratio 0.57% 0.34%
Already in the S&P 500 50.6% 100.0%
Holdings 99 76
Net assets, as of Oct 27, 2026 $1.4bn $2.1bn

FPX and SPGP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-A7F9E19488

FPX and SPGP do different jobs. What does each one do in a portfolio?

  1. What each follows. FPX follows IPOX -100 U.S. Index and SPGP follows S&P 500 GARP Index.
  2. Holdings in common. 4% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 FPX returned +2.9% and SPGP +7.8% with distributions reinvested, a gap of 4.9 points.

Data as of Oct 28, 2026.

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About each fund
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.

SPGP

SPGP tracks an index. Over the year to Oct 28, 2026 it returned +7.8% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.34% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 76 positions, with the top ten at 20.5%. It sat 5.4% below its high of Aug 13, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FPX or SPGP?
In the year to Oct 28, 2026, with distributions reinvested, FPX returned +2.9% and SPGP +7.8%.
Which is cheaper, FPX or SPGP?
SPGP is cheaper, by 0.23 percentage points a year. That is about $23 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FPX and SPGP overlap with the S&P 500?
By their latest filed holdings, 51% of FPX and 100% of SPGP by weight is stocks the S&P 500 already holds.
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ETFIQ, FPX against SPGP, data as of Oct 28, 2026. https://etfiq.com/compare/any/fpx-vs-spgp

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