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HYLS vs FLTB

First Trust Tactical High Yield ETF vs Fidelity Limited Term Bond ETF

HYLS

First Trust Tactical High Yield ETF

First Trust

Annual cost

0.69%

Fund size

$1.6B

FLTB

Fidelity Limited Term Bond ETF

Fidelity Investments

Annual cost

0.25%

Fund size

$389M

Key differences

  • FLTB costs 0.44% less per year.
  • HYLS is significantly larger than FLTB — larger funds tend to be more liquid and less likely to close.
  • HYLS is classified as alternative, while FLTB is fixed income — different risk/return profiles.
  • HYLS follows a long short strategy; FLTB uses index tracking.
  • Over the last 3 years, HYLS has delivered higher annualized returns.

Side-by-side comparison

HYLSFLTB
Annual cost (TER)0.69%0.25%
Fund size (AUM)$1.6B$389M
Since20132014
Dividend yield6.65%4.36%
Asset classalternativefixed income
Regionnorth america
Strategylong shortindex tracking
CAGR 1Y+5.9%+4.7%
CAGR 3Y+7.9%+5.3%
CAGR 5Y+3.0%+2.2%
Sharpe 3Y0.870.67
Volatility 1Y3.56%2.14%
Max drawdown-22.99%-9.37%

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

Similar to HYLS and FLTB