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FTLS vs FNK
First Trust Long/Short Equity ETF vs First Trust Mid Cap Value AlphaDEX Fund
Key differences
- FNK costs 0.64% less per year.
- FTLS is significantly larger than FNK — larger funds tend to be more liquid and less likely to close.
- FTLS is classified as alternative, while FNK is equity — different risk/return profiles.
- FTLS follows a long short strategy; FNK uses index tracking.
- Over the last 3 years, FTLS has delivered higher annualized returns.
Side-by-side comparison
| FTLS | FNK | |
|---|---|---|
| Annual cost (TER) | 1.38% | 0.74% |
| Fund size (AUM) | $2.3B | $217M |
| Since | 2014 | 2011 |
| Dividend yield | 0.91% | 1.54% |
| Asset class | alternative | equity |
| Region | north america | north america |
| Strategy | long short | index tracking |
| CAGR 1Y | +15.7% | +21.0% |
| CAGR 3Y | +14.8% | +13.8% |
| CAGR 5Y | +10.5% | +6.9% |
| Sharpe 3Y | 1.09 | 0.58 |
| Volatility 1Y | 8.19% | 15.67% |
| Max drawdown | -20.54% | -50.70% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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