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FAI vs FTLS
First Trust Bloomberg Artificial Intelligence ETF vs First Trust Long/Short Equity ETF
Key differences
- FAI costs 0.73% less per year.
- FTLS is significantly larger than FAI — larger funds tend to be more liquid and less likely to close.
- FAI is classified as equity, while FTLS is alternative — different risk/return profiles.
- FAI follows a index tracking strategy; FTLS uses long short.
- FTLS has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| FAI | FTLS | |
|---|---|---|
| Annual cost (TER) | 0.65% | 1.38% |
| Fund size (AUM) | $48M | $2.3B |
| Since | 2024 | 2014 |
| Dividend yield | 0.00% | 0.91% |
| Asset class | equity | alternative |
| Region | — | north america |
| Strategy | index tracking | long short |
| CAGR 1Y | +70.8% | +15.8% |
| CAGR 3Y | N/A | +14.6% |
| CAGR 5Y | N/A | +10.7% |
| Sharpe 3Y | N/A | 1.07 |
| Volatility 1Y | 24.09% | 8.19% |
| Max drawdown | -27.82% | -20.54% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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