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HYLS vs FCBD

First Trust Tactical High Yield ETF vs Frontier Asset Core Bond ETF

HYLS

First Trust Tactical High Yield ETF

First Trust

Annual cost

0.69%

Fund size

$1.6B

FCBD

Frontier Asset Core Bond ETF

Frontier Asset Management, LLC

Annual cost

0.84%

Fund size

$41M

Key differences

  • HYLS costs 0.15% less per year.
  • HYLS is significantly larger than FCBD — larger funds tend to be more liquid and less likely to close.
  • HYLS is classified as alternative, while FCBD is fixed income — different risk/return profiles.
  • HYLS follows a long short strategy; FCBD uses active selection.
  • HYLS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HYLSFCBD
Annual cost (TER)0.69%0.84%
Fund size (AUM)$1.6B$41M
Since20132024
Dividend yield6.65%4.22%
Asset classalternativefixed income
Regionnorth america
Strategylong shortactive selection
CAGR 1Y+5.9%+4.6%
CAGR 3Y+7.9%N/A
CAGR 5Y+3.0%N/A
Sharpe 3Y0.87N/A
Volatility 1Y3.56%2.35%
Max drawdown-22.99%-1.64%

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

Similar to HYLS and FCBD