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FTLS vs FSCS

First Trust Long/Short Equity ETF vs First Trust SMID Capital Strength ETF

FTLS

First Trust Long/Short Equity ETF

First Trust

Annual cost

1.38%

Fund size

$2.3B

FSCS

First Trust SMID Capital Strength ETF

First Trust

Annual cost

0.60%

Fund size

$58M

Key differences

  • FSCS costs 0.78% less per year.
  • FTLS is significantly larger than FSCS — larger funds tend to be more liquid and less likely to close.
  • FTLS is classified as alternative, while FSCS is equity — different risk/return profiles.
  • FTLS follows a long short strategy; FSCS uses index tracking.
  • Over the last 3 years, FTLS has delivered higher annualized returns.

Side-by-side comparison

FTLSFSCS
Annual cost (TER)1.38%0.60%
Fund size (AUM)$2.3B$58M
Since20142017
Dividend yield0.91%0.88%
Asset classalternativeequity
Regionnorth americanorth america
Strategylong shortindex tracking
CAGR 1Y+15.7%+1.4%
CAGR 3Y+14.8%+11.1%
CAGR 5Y+10.5%+5.5%
Sharpe 3Y1.090.52
Volatility 1Y8.19%13.01%
Max drawdown-20.54%-43.57%

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

Similar to FTLS and FSCS