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NOEQ vs FTLS

Northern Trust Us Equity Etf vs First Trust Long/Short Equity ETF

NOEQ

NORTHERN TRUST US EQUITY ETF

Northern Trust

Annual cost

0.12%

Fund size

$833M

FTLS

First Trust Long/Short Equity ETF

First Trust

Annual cost

1.38%

Fund size

$2.3B

Key differences

  • NOEQ costs 1.26% less per year.
  • NOEQ is classified as equity, while FTLS is alternative — different risk/return profiles.
  • NOEQ follows a index tracking strategy; FTLS uses long short.
  • FTLS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

NOEQFTLS
Annual cost (TER)0.12%1.38%
Fund size (AUM)$833M$2.3B
Since20262014
Dividend yield0.91%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackinglong short
CAGR 1YN/A+15.7%
CAGR 3YN/A+14.8%
CAGR 5YN/A+10.5%
Sharpe 3YN/A1.09
Volatility 1Y8.19%
Max drawdown-2.99%-20.54%

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

Similar to NOEQ and FTLS