FPXE vs MSTP
Comparison between FIRST TRUST IPOX EUROPE EQUITY OPPORTUNITIES ETF (FPXE, ETF) and GRANITESHARES 2X LONG MSTR DAILY ETF (MSTP, ETF).
FPXE vs MSTP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FPXE
$5.20M
MSTP
$5.20M
Expense Ratio
FPXE
0.70%
MSTP
N/A
Max Drawdown
Winner
FPXE
50.50%
MSTP
98.40%
Sharpe Ratio
Winner
FPXE
0.19
MSTP
-1.83
5Y Beta
Winner
FPXE
1.01
MSTP
5.85
5Y Dividends CAGR
FPXE
10.74%
MSTP
N/A
FPXE vs MSTP - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FPXE
-5.54%
MSTP
-25.18%
3M
Winner
FPXE
-1.84%
MSTP
-76.04%
6M
Winner
FPXE
+2.22%
MSTP
-79.37%
1Y
Winner
FPXE
+3.71%
MSTP
-97.60%
5Y(CAGR)
FPXE
+2.59%
MSTP
N/A
Max(CAGR)
Winner
FPXE
+8.73%
MSTP
-96.28%
FPXE vs MSTP - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | FPXE | MSTP |
|---|---|---|
| 2026 | +5.47% | -78.57% |
| 2025 | +24.10% | -88.99% |
| 2024 | +19.14% | N/A |
| 2023 | +14.56% | N/A |
| 2022 | -35.07% | N/A |
| 2021 | +8.31% | N/A |
| 2020 | +33.95% | N/A |
| 2019 | +34.56% | N/A |
| 2018 | -14.93% | N/A |
FPXE vs MSTP Drawdown Comparison
The maximum drawdown for FPXE was -49.55%, occurring on Oct 12, 2022. Recovery took 964 trading sessions.
The maximum drawdown for MSTP was -98.40%, occurring on Jun 26, 2026. This drawdown has not yet recovered.
The current FPXE drawdown is -8.38%. The current MSTP drawdown is -98.04%.
| Rank | FPXE | MSTP |
|---|---|---|
| #1 | -49.55% Sep 2, 2021 - Jul 9, 2025 | -98.40% Jul 16, 2025 - Jun 26, 2026 |
| #2 | -30.64% Feb 19, 2020 - Jun 1, 2020 | -15.10% Jun 30, 2025 - Jul 9, 2025 |
| #3 | -15.65% Oct 5, 2018 - Apr 5, 2019 | -12.49% Jun 10, 2025 - Jun 30, 2025 |
| #4 | -13.76% Feb 16, 2021 - Jul 22, 2021 | -4.16% Jul 14, 2025 - Jul 16, 2025 |
| #5 | -11.33% Feb 25, 2026 - Apr 13, 2026 | N/A |
| #6 | -9.42% Jun 18, 2026 - Jul 20, 2026 | N/A |
| #7 | -9.20% Sep 15, 2025 - Jan 23, 2026 | N/A |
| #8 | -8.43% Oct 14, 2020 - Nov 5, 2020 | N/A |
| #9 | -6.81% Jun 1, 2026 - Jun 18, 2026 | N/A |
| #10 | -6.50% Jul 22, 2020 - Oct 9, 2020 | N/A |
| #11 | -5.18% Jul 3, 2019 - Nov 15, 2019 | N/A |
| #12 | -4.47% Jan 27, 2026 - Feb 20, 2026 | N/A |
| #13 | -4.40% Jul 23, 2025 - Aug 22, 2025 | N/A |
| #14 | -4.33% Jan 22, 2021 - Feb 5, 2021 | N/A |
| #15 | -4.24% May 6, 2026 - May 21, 2026 | N/A |
Correlation
Correlation between FPXE and MSTP is -0.51 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
-0.51
-101
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