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FTLS vs FYC

First Trust Long/Short Equity ETF vs First Trust Small Cap Growth AlphaDEX Fund

FTLS

First Trust Long/Short Equity ETF

First Trust

Annual cost

1.38%

Fund size

$2.3B

FYC

First Trust Small Cap Growth AlphaDEX Fund

First Trust

Annual cost

0.70%

Fund size

$1.0B

Key differences

  • FYC costs 0.68% less per year.
  • FTLS is classified as alternative, while FYC is equity — different risk/return profiles.
  • FTLS follows a long short strategy; FYC uses index tracking.
  • Over the last 3 years, FYC has delivered higher annualized returns.

Side-by-side comparison

FTLSFYC
Annual cost (TER)1.38%0.70%
Fund size (AUM)$2.3B$1.0B
Since20142011
Dividend yield0.91%0.07%
Asset classalternativeequity
Regionnorth americanorth america
Strategylong shortindex tracking
CAGR 1Y+15.7%+56.7%
CAGR 3Y+14.8%+27.1%
CAGR 5Y+10.5%+11.2%
Sharpe 3Y1.091.04
Volatility 1Y8.19%21.07%
Max drawdown-20.54%-47.85%

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

Similar to FTLS and FYC