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HYLS vs ICSH

First Trust Tactical High Yield ETF vs iShares Ultra Short Duration Bond Active ETF

HYLS

First Trust Tactical High Yield ETF

First Trust

Annual cost

0.69%

Fund size

$1.6B

ICSH

iShares Ultra Short Duration Bond Active ETF

iShares

Annual cost

0.08%

Fund size

$7.3B

Key differences

  • ICSH costs 0.61% less per year.
  • ICSH is significantly larger than HYLS — larger funds tend to be more liquid and less likely to close.
  • HYLS is classified as alternative, while ICSH is fixed income — different risk/return profiles.
  • HYLS follows a long short strategy; ICSH uses active selection.
  • Over the last 3 years, HYLS has delivered higher annualized returns.

Side-by-side comparison

HYLSICSH
Annual cost (TER)0.69%0.08%
Fund size (AUM)$1.6B$7.3B
Since20132013
Dividend yield6.65%4.41%
Asset classalternativefixed income
Regionnorth america
Strategylong shortactive selection
CAGR 1Y+5.9%+4.4%
CAGR 3Y+7.9%+5.2%
CAGR 5Y+3.0%+3.7%
Sharpe 3Y0.873.35
Volatility 1Y3.56%0.41%
Max drawdown-22.99%-3.94%

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

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