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FTLS vs FTCS

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

FTLS

First Trust Long/Short Equity ETF

First Trust

Annual cost

1.38%

Fund size

$2.3B

FTCS

First Trust Capital Strength ETF

First Trust

Annual cost

0.53%

Fund size

$7.9B

Key differences

  • FTCS costs 0.85% less per year.
  • FTCS is significantly larger than FTLS — larger funds tend to be more liquid and less likely to close.
  • FTLS is classified as alternative, while FTCS is equity — different risk/return profiles.
  • FTLS follows a long short strategy; FTCS uses index tracking.
  • Over the last 3 years, FTLS has delivered higher annualized returns.
  • FTCS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FTLSFTCS
Annual cost (TER)1.38%0.53%
Fund size (AUM)$2.3B$7.9B
Since20142006
Dividend yield0.91%1.10%
Asset classalternativeequity
Regionnorth americanorth america
Strategylong shortindex tracking
CAGR 1Y+15.7%+5.3%
CAGR 3Y+14.8%+10.5%
CAGR 5Y+10.5%+6.1%
Sharpe 3Y1.090.63
Volatility 1Y8.19%9.97%
Max drawdown-20.54%-31.93%

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

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