The Future Fund Long/Short ETF (FFLS) belongs to the Long-Short category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FFLS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FFLS
FFLS charges 1.75% annually. There are 22 ETFs in the Long-Short category with lower expense ratios, going as low as 0.45%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Large Cap Core Plus | 0.45% | 515.62M | Jul 2009 | FFLS vs CSM | |
| Aptus International Enhanced Yield ETF | 0.45% | 372.15M | Jul 2021 | FFLS vs IDUB | |
| Arin Tactical Tail Risk ETF | 0.63% | — | Oct 2025 | FFLS vs ATTR | |
| WisdomTree Inflation Plus Fund | 0.65% | 21.79M | Jun 2025 | FFLS vs WTIP | |
| Franklin Liberty Systematic Style Premia ETF | 0.65% | 930.68M | Dec 2019 | FFLS vs FLSP |
Best Risk-Adjusted Alternatives to FFLS
FFLS has a PortfoliosLab risk / return rank of 6. There are 19 ETFs in the Long-Short category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 95 | 447.61M | Dec 2009 | FFLS vs CLSE | |
| IQ Hedge Multi-Strategy Tracker ETF | 80 | 762.37M | Mar 2009 | FFLS vs QAI | |
| ProShares Hedge Replication | 74 | 21.78M | Jul 2011 | FFLS vs HDG | |
| Harbor Long-Short Equity ETF | 69 | 16.92M | Dec 2023 | FFLS vs LSEQ | |
| Hull Tactical US ETF | 68 | 137.43M | Jun 2015 | FFLS vs HTUS |
Top Performing FFLS Alternatives (YTD)
FFLS is at -2.39% YTD. There are 23 ETFs in the Long-Short category with higher YTD returns, going as high as 28.71%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Harbor Long-Short Equity ETF | 28.71% | 16.92M | Dec 2023 | FFLS vs LSEQ | |
| Convergence Long/Short Equity ETF | 24.77% | 447.61M | Dec 2009 | FFLS vs CLSE | |
| Changebridge Capital Long/Short Equity ETF | 20.31% | 59.25M | Nov 2020 | FFLS vs CBLS | |
| Aptus International Enhanced Yield ETF | 14.34% | 372.15M | Jul 2021 | FFLS vs IDUB | |
| Even Herd Long Short ETF | 14.25% | 60.59M | Apr 2024 | FFLS vs EHLS |
Lowest Volatility Alternatives to FFLS
FFLS has 9.68% 1-year volatility. There are 8 ETFs in the Long-Short category with lower 1-year volatility, going as low as 3.17%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Arin Tactical Tail Risk ETF | 3.17% | — | Oct 2025 | FFLS vs ATTR | |
| First Trust Merger Arbitrage ETF | 5.35% | 19.90M | Feb 2020 | FFLS vs MARB | |
| ProShares Hedge Replication | 6.24% | 21.78M | Jul 2011 | FFLS vs HDG | |
| IQ Hedge Multi-Strategy Tracker ETF | 6.58% | 762.37M | Mar 2009 | FFLS vs QAI | |
| Federated Hermes MDT Market Neutral ETF | 6.74% | 82.10M | Sep 2025 | FFLS vs MKTN |
Lowest Drawdown Alternatives to FFLS
FFLS has a 1-year max drawdown of -11.05%. There are 14 ETFs in the Long-Short category with shallower 1-year drawdowns, going as shallow as -2.43%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Merger Arbitrage ETF | -2.43% | 19.90M | Feb 2020 | FFLS vs MARB | |
| AltShares Event-Driven ETF | -3.35% | 8.62M | Dec 2014 | FFLS vs EVNT | |
| IQ Hedge Multi-Strategy Tracker ETF | -3.71% | 762.37M | Mar 2009 | FFLS vs QAI | |
| First Trust Long/Short Equity ETF | -3.79% | 2.40B | Sep 2014 | FFLS vs FTLS | |
| ProShares Hedge Replication | -3.97% | 21.78M | Jul 2011 | FFLS vs HDG |
Other ETFs from The Future Fund
The 1 most viewed The Future Fund ETFs shown here include FFND and span 1 categories. AUM among these funds goes as high as $103M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| The Future Fund Active ETF | Large Cap Growth Equities | 43 | 5.46% | 102.99M | Aug 2021 | FFLS vs FFND |
Often Compared With FFLS
Investors most often compare FFLS with QLEIX, SPY, HEFT. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare FFLS with Any Fund or Stock
Compare FFLS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FFLS with funds that move differently
The Future Fund Long/Short ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FFLS.
Explore FFLS Diversifiers