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FTLS vs FAB
First Trust Long/Short Equity ETF vs First Trust Multi Cap Value AlphaDEX Fund
Key differences
- FAB costs 0.72% less per year.
- FTLS is significantly larger than FAB — larger funds tend to be more liquid and less likely to close.
- FTLS is classified as alternative, while FAB is equity — different risk/return profiles.
- FTLS follows a long short strategy; FAB uses index tracking.
- Over the last 3 years, FAB has delivered higher annualized returns.
- FAB has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| FTLS | FAB | |
|---|---|---|
| Annual cost (TER) | 1.38% | 0.66% |
| Fund size (AUM) | $2.3B | $139M |
| Since | 2014 | 2007 |
| Dividend yield | 0.91% | 1.58% |
| Asset class | alternative | equity |
| Region | north america | north america |
| Strategy | long short | index tracking |
| CAGR 1Y | +15.7% | +27.9% |
| CAGR 3Y | +14.8% | +15.9% |
| CAGR 5Y | +10.5% | +7.9% |
| Sharpe 3Y | 1.09 | 0.74 |
| Volatility 1Y | 8.19% | 14.02% |
| Max drawdown | -20.54% | -47.08% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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