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FTCE vs FTLS
First Trust New Constructs Core Earnings Leaders ETF vs First Trust Long/Short Equity ETF
Key differences
- FTCE costs 0.78% less per year.
- FTLS is significantly larger than FTCE — larger funds tend to be more liquid and less likely to close.
- FTCE is classified as equity, while FTLS is alternative — different risk/return profiles.
- FTCE 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
| FTCE | FTLS | |
|---|---|---|
| Annual cost (TER) | 0.60% | 1.38% |
| Fund size (AUM) | $73M | $2.3B |
| Since | 2024 | 2014 |
| Dividend yield | 0.88% | 0.91% |
| Asset class | equity | alternative |
| Region | north america | north america |
| Strategy | index tracking | long short |
| CAGR 1Y | +35.7% | +15.8% |
| CAGR 3Y | N/A | +14.6% |
| CAGR 5Y | N/A | +10.7% |
| Sharpe 3Y | N/A | 1.07 |
| Volatility 1Y | 12.97% | 8.19% |
| Max drawdown | -18.11% | -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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