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FIW vs FTLS

First Trust Water ETF vs First Trust Long/Short Equity ETF

FIW

First Trust Water ETF

First Trust

Annual cost

0.50%

Fund size

$1.8B

FTLS

First Trust Long/Short Equity ETF

First Trust

Annual cost

1.38%

Fund size

$2.3B

Key differences

  • FIW costs 0.88% less per year.
  • FIW is classified as equity, while FTLS is alternative — different risk/return profiles.
  • FIW follows a index tracking strategy; FTLS uses long short.
  • Over the last 3 years, FTLS has delivered higher annualized returns.
  • FIW has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FIWFTLS
Annual cost (TER)0.50%1.38%
Fund size (AUM)$1.8B$2.3B
Since20072014
Dividend yield0.77%0.91%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackinglong short
CAGR 1Y-0.3%+15.8%
CAGR 3Y+8.1%+14.6%
CAGR 5Y+5.8%+10.7%
Sharpe 3Y0.341.07
Volatility 1Y15.70%8.19%
Max drawdown-36.60%-20.54%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FIW and FTLS