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FTLS vs FSGS

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

FTLS

First Trust Long/Short Equity ETF

First Trust

Annual cost

1.38%

Fund size

$2.3B

FSGS

First Trust SMID Growth Strength ETF

First Trust

Annual cost

0.61%

Fund size

$29M

Key differences

  • FSGS costs 0.77% less per year.
  • FTLS is significantly larger than FSGS — larger funds tend to be more liquid and less likely to close.
  • FTLS is classified as alternative, while FSGS is equity — different risk/return profiles.
  • FTLS follows a long short strategy; FSGS uses index tracking.
  • Over the last 3 years, FTLS has delivered higher annualized returns.

Side-by-side comparison

FTLSFSGS
Annual cost (TER)1.38%0.61%
Fund size (AUM)$2.3B$29M
Since20142017
Dividend yield0.91%0.00%
Asset classalternativeequity
Regionnorth americanorth america
Strategylong shortindex tracking
CAGR 1Y+15.7%+6.0%
CAGR 3Y+14.8%+8.3%
CAGR 5Y+10.5%+2.5%
Sharpe 3Y1.090.33
Volatility 1Y8.19%15.30%
Max drawdown-20.54%-43.25%

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

Similar to FTLS and FSGS