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ILDR vs FTLS

First Trust Innovation Leaders ETF vs First Trust Long/Short Equity ETF

ILDR

First Trust Innovation Leaders ETF

First Trust

Annual cost

0.75%

Fund size

$243M

FTLS

First Trust Long/Short Equity ETF

First Trust

Annual cost

1.38%

Fund size

$2.3B

Key differences

  • ILDR costs 0.63% less per year.
  • FTLS is significantly larger than ILDR — larger funds tend to be more liquid and less likely to close.
  • ILDR is classified as equity, while FTLS is alternative — different risk/return profiles.
  • ILDR follows a index tracking strategy; FTLS uses long short.
  • Over the last 3 years, ILDR has delivered higher annualized returns.
  • FTLS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

ILDRFTLS
Annual cost (TER)0.75%1.38%
Fund size (AUM)$243M$2.3B
Since20212014
Dividend yield0.00%0.91%
Asset classequityalternative
Regionnorth america
Strategyindex trackinglong short
CAGR 1Y+44.9%+15.7%
CAGR 3Y+31.9%+14.8%
CAGR 5YN/A+10.5%
Sharpe 3Y1.171.09
Volatility 1Y20.91%8.19%
Max drawdown-44.61%-20.54%

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

Similar to ILDR and FTLS