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First Trust US Equity Opportunities (FPX)Overvalued or undervalued?
Look-through valuation · US market · Expense ratio 0.61 % · ISIN US3369201039
Price history (since 2006)
Monthly close since 2006. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Sandisk Corp SNDK | 7.4 % | n/a | n/a |
| GE Vernova LLC GEV | 7.4 % | −79.6 % | 65 |
| Eli Lilly and Company LLY | 7.1 % | −31.2 % | 69 |
| Space Exploration Technologies Corp. Class A Common Stock SPCX | 6.3 % | n/a | n/a |
| Seagate Technology PLC STX | 5.4 % | −92.6 % | 81 |
| Warner Bros Discovery Inc WBD | 3.0 % | −56.2 % | 40 |
| HF Sinclair Corp DINO | 2.9 % | −50.8 % | 63 |
| Lumentum Holdings Inc LITE | 2.7 % | n/a | n/a |
| Twilio Inc TWLO | 2.1 % | −92.2 % | 72 |
| Corpay Inc CPAY | 1.9 % | −1.2 % | 69 |
| Goldman Sachs Group Inc GS | 1.9 % | −19.2 % | 53 |
| Applovin Corp APP | 1.8 % | +10.0 % | 92 |
| DoorDash, Inc. Class A Common Stock DASH | 1.6 % | +9.7 % | 60 |
| Unity Software Inc U | 1.5 % | −59.1 % | 51 |
| Roivant Sciences Ltd ROIV | 1.5 % | n/a | n/a |
| Dave Inc DAVE | 1.5 % | +37.6 % | 76 |
| American Healthcare REIT, Inc. AHR | 1.4 % | −76.3 % | 33 |
| Ventas Inc VTR | 1.3 % | −64.4 % | 41 |
| ViaSat Inc VSAT | 1.2 % | −6.8 % | 27 |
| Ingram Micro Holding Corporation INGM | 1.2 % | +45.9 % | 50 |
| Nicolet Bankshares Inc NCBS | 1.2 % | n/a | n/a |
| Royalty Pharma Plc RPRX | 1.2 % | −58.0 % | 70 |
| The J. M. Smucker Company SJM | 1.2 % | +48.9 % | 55 |
| Hamilton Insurance Group, Ltd. HG | 1.2 % | +56.6 % | 73 |
| Revolution Medicines Inc RVMD | 1.2 % | n/a | n/a |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 50 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +87.2 % below FV
- 2 FXI iShares China Large-Cap ETF +57.2 % below FV
- 3 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +43.7 % below FV
- 4 MCHI iShares MSCI China ETF +41.9 % below FV
- 5 ITB iShares U.S. Home Construction ETF +31.4 % below FV
- 6 TAN Invesco Solar ETF +26.0 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.4 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +19.3 % below FV
- 9 ESPO VanEck Video Gaming and eSports ETF +18.3 % below FV
- 10 XIDV Franklin International Dividend Booster Index ETF +17.9 % below FV
Frequently asked about FPX
Is FPX overvalued?
What is the fair value of FPX?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of FPX?
What is the expense ratio of FPX?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives First Trust US Equity Opportunities ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Sep 25, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.