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HYLS vs HYFI

First Trust Tactical High Yield ETF vs AB High Yield ETF

HYLS

First Trust Tactical High Yield ETF

First Trust

Annual cost

0.69%

Fund size

$1.6B

HYFI

AB High Yield ETF

AllianceBernstein

Annual cost

0.40%

Fund size

$334M

Key differences

  • HYFI costs 0.29% less per year.
  • HYLS is significantly larger than HYFI — larger funds tend to be more liquid and less likely to close.
  • HYLS is classified as alternative, while HYFI is fixed income — different risk/return profiles.
  • HYLS follows a long short strategy; HYFI uses active selection.
  • Over the last 3 years, HYFI has delivered higher annualized returns.

Side-by-side comparison

HYLSHYFI
Annual cost (TER)0.69%0.40%
Fund size (AUM)$1.6B$334M
Since20132016
Dividend yield6.65%6.79%
Asset classalternativefixed income
Regionnorth america
Strategylong shortactive selection
CAGR 1Y+5.9%+8.7%
CAGR 3Y+7.9%+9.3%
CAGR 5Y+3.0%N/A
Sharpe 3Y0.871.02
Volatility 1Y3.56%3.98%
Max drawdown-22.99%-6.34%

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

Similar to HYLS and HYFI