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FTLS vs RONB

First Trust Long/Short Equity ETF vs Baron First Principles ETF

FTLS

First Trust Long/Short Equity ETF

First Trust

Annual cost

1.38%

Fund size

$2.3B

RONB

Baron First Principles ETF

Baron Capital Group, Inc.

Annual cost

1.00%

Fund size

$388M

Key differences

  • RONB costs 0.38% less per year.
  • FTLS is significantly larger than RONB — larger funds tend to be more liquid and less likely to close.
  • FTLS is classified as alternative, while RONB is equity — different risk/return profiles.
  • FTLS follows a long short strategy; RONB uses active selection.
  • FTLS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FTLSRONB
Annual cost (TER)1.38%1.00%
Fund size (AUM)$2.3B$388M
Since20142025
Dividend yield0.91%
Asset classalternativeequity
Regionnorth americanorth america
Strategylong shortactive selection
CAGR 1Y+15.7%N/A
CAGR 3Y+14.8%N/A
CAGR 5Y+10.5%N/A
Sharpe 3Y1.09N/A
Volatility 1Y8.19%
Max drawdown-20.54%-13.08%

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

Similar to FTLS and RONB