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FCEF vs FTLS
First Trust Income Opportunity ETF vs First Trust Long/Short Equity ETF
Key differences
FCEF is a mixed asset ETF, while FTLS is an alternative ETF. FCEF charges 3.69% a year and FTLS 1.38%.
- FCEF is a mixed asset fund, while FTLS is an alternative fund. They carry different risk/return profiles.
- FCEF follows a active selection strategy; FTLS uses long short.
- FTLS costs 2.31% less per year.
- FTLS is much larger than FCEF. Larger funds are usually more liquid and less likely to close.
- Over the last three years, FCEF has delivered higher annualized returns.
Side-by-side comparison
| FCEF | FTLS | |
|---|---|---|
| Annual cost (TER) | 3.69% | 1.38% |
| Fund size (AUM) | $79M | $2.3B |
| Since | 2016 | 2014 |
| Dividend yield | 6.19% | 0.90% |
| Asset class | mixed asset | alternative |
| Region | — | north america |
| Strategy | active selection | long short |
| CAGR 1Y | +15.3% | +14.5% |
| CAGR 3Y | +15.6% | +14.1% |
| CAGR 5Y | +5.8% | +10.0% |
| Sharpe 3Y | 1.15 | 1.02 |
| Volatility 1Y | 7.87% | 8.36% |
| Max drawdown | -44.81% | -20.54% |
Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.