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HYLS vs LQTI

First Trust Tactical High Yield ETF vs FT Vest Investment Grade & Target Income ETF

HYLS

First Trust Tactical High Yield ETF

First Trust

Annual cost

0.69%

Fund size

$1.6B

LQTI

FT Vest Investment Grade & Target Income ETF

First Trust

Annual cost

0.65%

Fund size

$276M

Key differences

  • HYLS is significantly larger than LQTI — larger funds tend to be more liquid and less likely to close.
  • HYLS follows a long short strategy; LQTI uses option income.
  • HYLS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HYLSLQTI
Annual cost (TER)0.69%0.65%
Fund size (AUM)$1.6B$276M
Since20132025
Dividend yield6.65%9.07%
Asset classalternativealternative
Regionnorth america
Strategylong shortoption income
CAGR 1Y+6.1%+6.3%
CAGR 3Y+8.0%N/A
CAGR 5Y+3.0%N/A
Sharpe 3Y0.89N/A
Volatility 1Y3.57%5.14%
Max drawdown-22.99%-3.41%

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

Similar to HYLS and LQTI