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HYLS vs UTWY

First Trust Tactical High Yield ETF vs F/m US Treasury 20 Year Bond ETF

HYLS

First Trust Tactical High Yield ETF

First Trust

Annual cost

0.69%

Fund size

$1.6B

UTWY

F/m US Treasury 20 Year Bond ETF

F/m Investments LLC

Annual cost

0.15%

Fund size

$8M

Key differences

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

Side-by-side comparison

HYLSUTWY
Annual cost (TER)0.69%0.15%
Fund size (AUM)$1.6B$8M
Since20132023
Dividend yield6.65%5.10%
Asset classalternativefixed income
Regionnorth america
Strategylong shortindex tracking
CAGR 1Y+5.9%+5.0%
CAGR 3Y+7.9%-1.1%
CAGR 5Y+3.0%N/A
Sharpe 3Y0.87-0.36
Volatility 1Y3.56%8.22%
Max drawdown-22.99%-18.19%

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

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