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FTLS vs FPXI

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

FTLS

First Trust Long/Short Equity ETF

First Trust

Annual cost

1.38%

Fund size

$2.3B

FPXI

First Trust International Equity Opportunities ETF

First Trust

Annual cost

0.70%

Fund size

$187M

Key differences

  • FPXI costs 0.68% less per year.
  • FTLS is significantly larger than FPXI — larger funds tend to be more liquid and less likely to close.
  • FTLS is classified as alternative, while FPXI is equity — different risk/return profiles.
  • FTLS follows a long short strategy; FPXI uses index tracking.
  • Over the last 3 years, FPXI has delivered higher annualized returns.

Side-by-side comparison

FTLSFPXI
Annual cost (TER)1.38%0.70%
Fund size (AUM)$2.3B$187M
Since20142014
Dividend yield0.91%0.67%
Asset classalternativeequity
Regionnorth america
Strategylong shortindex tracking
CAGR 1Y+15.7%+43.4%
CAGR 3Y+14.8%+24.8%
CAGR 5Y+10.5%+4.1%
Sharpe 3Y1.090.99
Volatility 1Y8.19%23.21%
Max drawdown-20.54%-55.78%

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

Similar to FTLS and FPXI