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FTLS vs FTXO

First Trust Long/Short Equity ETF vs First Trust Nasdaq Bank ETF

FTLS

First Trust Long/Short Equity ETF

First Trust

Annual cost

1.38%

Fund size

$2.3B

FTXO

First Trust Nasdaq Bank ETF

First Trust

Annual cost

0.60%

Fund size

$314M

Key differences

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

Side-by-side comparison

FTLSFTXO
Annual cost (TER)1.38%0.60%
Fund size (AUM)$2.3B$314M
Since20142016
Dividend yield0.91%1.73%
Asset classalternativeequity
Regionnorth americanorth america
Strategylong shortindex tracking
CAGR 1Y+15.7%+27.3%
CAGR 3Y+14.8%+26.0%
CAGR 5Y+10.5%+5.6%
Sharpe 3Y1.090.92
Volatility 1Y8.19%20.72%
Max drawdown-20.54%-55.25%

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

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