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FPX vs FTLS

First Trust US Equity Opportunities ETF vs First Trust Long/Short Equity ETF

FPX

First Trust US Equity Opportunities ETF

First Trust

Annual cost

0.57%

Fund size

$1.3B

FTLS

First Trust Long/Short Equity ETF

First Trust

Annual cost

1.38%

Fund size

$2.3B

Key differences

  • FPX costs 0.81% less per year.
  • FPX is classified as equity, while FTLS is alternative — different risk/return profiles.
  • FPX follows a index tracking strategy; FTLS uses long short.
  • Over the last 3 years, FPX has delivered higher annualized returns.
  • FPX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FPXFTLS
Annual cost (TER)0.57%1.38%
Fund size (AUM)$1.3B$2.3B
Since20062014
Dividend yield0.52%0.91%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackinglong short
CAGR 1Y+43.6%+15.7%
CAGR 3Y+32.8%+14.8%
CAGR 5Y+11.1%+10.5%
Sharpe 3Y1.081.09
Volatility 1Y23.17%8.19%
Max drawdown-43.14%-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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