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HYLS vs ZTOP

First Trust Tactical High Yield ETF vs F/m High Yield 100 ETF

HYLS

First Trust Tactical High Yield ETF

First Trust

Annual cost

0.69%

Fund size

$1.6B

ZTOP

F/m High Yield 100 ETF

F/m investments, LLC

Annual cost

0.39%

Fund size

$16M

Key differences

  • ZTOP costs 0.30% less per year.
  • HYLS is significantly larger than ZTOP — larger funds tend to be more liquid and less likely to close.
  • HYLS is classified as alternative, while ZTOP is fixed income — different risk/return profiles.
  • HYLS follows a long short strategy; ZTOP uses index tracking.
  • HYLS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HYLSZTOP
Annual cost (TER)0.69%0.39%
Fund size (AUM)$1.6B$16M
Since20132025
Dividend yield6.65%6.29%
Asset classalternativefixed income
Regionnorth america
Strategylong shortindex tracking
CAGR 1Y+5.9%+7.4%
CAGR 3Y+7.9%N/A
CAGR 5Y+3.0%N/A
Sharpe 3Y0.87N/A
Volatility 1Y3.56%3.34%
Max drawdown-22.99%-2.52%

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

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