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HYLS vs TLH

First Trust Tactical High Yield ETF vs iShares 10-20 Year Treasury Bond ETF

HYLS

First Trust Tactical High Yield ETF

First Trust

Annual cost

0.69%

Fund size

$1.6B

TLH

iShares 10-20 Year Treasury Bond ETF

iShares

Annual cost

0.15%

Fund size

$12.1B

Key differences

  • TLH costs 0.54% less per year.
  • TLH is significantly larger than HYLS — larger funds tend to be more liquid and less likely to close.
  • HYLS is classified as alternative, while TLH is fixed income — different risk/return profiles.
  • HYLS follows a long short strategy; TLH uses index tracking.
  • Over the last 3 years, HYLS has delivered higher annualized returns.
  • TLH has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HYLSTLH
Annual cost (TER)0.69%0.15%
Fund size (AUM)$1.6B$12.1B
Since20132007
Dividend yield6.65%4.39%
Asset classalternativefixed income
Regionnorth america
Strategylong shortindex tracking
CAGR 1Y+5.9%+6.0%
CAGR 3Y+7.9%+0.0%
CAGR 5Y+3.0%-3.6%
Sharpe 3Y0.87-0.25
Volatility 1Y3.56%8.14%
Max drawdown-22.99%-41.14%

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

Similar to HYLS and TLH