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HYLS vs SPTB

First Trust Tactical High Yield ETF vs State Street SPDR Portfolio Treasury ETF

HYLS

First Trust Tactical High Yield ETF

First Trust

Annual cost

0.69%

Fund size

$1.6B

SPTB

State Street SPDR Portfolio Treasury ETF

State Street Investment Management

Annual cost

0.03%

Fund size

$187M

Key differences

  • SPTB costs 0.66% less per year.
  • HYLS is significantly larger than SPTB — larger funds tend to be more liquid and less likely to close.
  • HYLS is classified as alternative, while SPTB is fixed income — different risk/return profiles.
  • HYLS follows a long short strategy; SPTB uses index tracking.
  • HYLS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HYLSSPTB
Annual cost (TER)0.69%0.03%
Fund size (AUM)$1.6B$187M
Since20132024
Dividend yield6.65%4.21%
Asset classalternativefixed income
Regionnorth america
Strategylong shortindex tracking
CAGR 1Y+5.9%+4.3%
CAGR 3Y+7.9%N/A
CAGR 5Y+3.0%N/A
Sharpe 3Y0.87N/A
Volatility 1Y3.56%3.69%
Max drawdown-22.99%-4.96%

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

Similar to HYLS and SPTB