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FTLS vs FYT
First Trust Long/Short Equity ETF vs First Trust Small Cap Value AlphaDEX Fund
Key differences
- FYT costs 0.68% less per year.
- FTLS is significantly larger than FYT — larger funds tend to be more liquid and less likely to close.
- FTLS is classified as alternative, while FYT is equity — different risk/return profiles.
- FTLS follows a long short strategy; FYT uses index tracking.
- Over the last 3 years, FYT has delivered higher annualized returns.
Side-by-side comparison
| FTLS | FYT | |
|---|---|---|
| Annual cost (TER) | 1.38% | 0.70% |
| Fund size (AUM) | $2.3B | $183M |
| Since | 2014 | 2011 |
| Dividend yield | 0.91% | 1.10% |
| Asset class | alternative | equity |
| Region | north america | north america |
| Strategy | long short | index tracking |
| CAGR 1Y | +15.7% | +37.0% |
| CAGR 3Y | +14.8% | +16.4% |
| CAGR 5Y | +10.5% | +5.8% |
| Sharpe 3Y | 1.09 | 0.64 |
| Volatility 1Y | 8.19% | 19.16% |
| Max drawdown | -20.54% | -50.48% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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