First Trust Global Engineering and Construction ETF (FLM) belongs to the Building & Construction category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FLM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FLM
FLM charges 0.70% annually. There are 6 ETFs in the Building & Construction category with lower expense ratios, going as low as 0.30%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Hoya Capital Housing ETF | 0.30% | 34.76M | Mar 2019 | FLM vs HOMZ | |
| SPDR S&P Homebuilders ETF | 0.35% | 1.47B | Jan 2006 | FLM vs XHB | |
| iShares U.S. Home Construction ETF | 0.38% | 2.16B | May 2006 | FLM vs ITB | |
| Invesco Dynamic Building & Construction ETF | 0.60% | 429.59M | Oct 2005 | FLM vs PKB | |
| Defiance AI & Power Infrastructure ETF | 0.69% | 888.24M | Jul 2025 | FLM vs AIPO |
Best Risk-Adjusted Alternatives to FLM
Among 7 ETFs in the Building & Construction category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 63.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust RBA American Industrial Renaissance ET... | 63 | 10.18B | Mar 2014 | FLM vs AIRR | |
| Defiance AI & Power Infrastructure ETF | 50 | 888.24M | Jul 2025 | FLM vs AIPO | |
| Invesco Dynamic Building & Construction ETF | 36 | 429.59M | Oct 2005 | FLM vs PKB | |
| Hoya Capital Housing ETF | 19 | 34.76M | Mar 2019 | FLM vs HOMZ | |
| SPDR S&P Homebuilders ETF | 14 | 1.47B | Jan 2006 | FLM vs XHB |
Top Performing FLM Alternatives (YTD)
Among 7 ETFs in the Building & Construction category with YTD return data, the top-performing alternatives shown here go as high as 33.86%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Defiance AI & Power Infrastructure ETF | 33.86% | 888.24M | Jul 2025 | FLM vs AIPO | |
| First Trust RBA American Industrial Renaissance ET... | 22.38% | 10.18B | Mar 2014 | FLM vs AIRR | |
| Invesco Dynamic Building & Construction ETF | 11.32% | 429.59M | Oct 2005 | FLM vs PKB | |
| SPDR S&P Homebuilders ETF | 3.61% | 1.47B | Jan 2006 | FLM vs XHB | |
| Hoya Capital Housing ETF | 3.43% | 34.76M | Mar 2019 | FLM vs HOMZ |
Lowest Volatility Alternatives to FLM
Among 7 ETFs in the Building & Construction category with 1-year volatility data, the lowest-volatility alternatives shown here go as low as 19.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Hoya Capital Housing ETF | 19.98% | 34.76M | Mar 2019 | FLM vs HOMZ | |
| Invesco Dynamic Building & Construction ETF | 25.01% | 429.59M | Oct 2005 | FLM vs PKB | |
| First Trust RBA American Industrial Renaissance ET... | 28.14% | 10.18B | Mar 2014 | FLM vs AIRR | |
| SPDR S&P Homebuilders ETF | 28.35% | 1.47B | Jan 2006 | FLM vs XHB | |
| iShares U.S. Home Construction ETF | 29.58% | 2.16B | May 2006 | FLM vs ITB |
Lowest Drawdown Alternatives to FLM
Among 7 ETFs in the Building & Construction category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -15.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Dynamic Building & Construction ETF | -15.41% | 429.59M | Oct 2005 | FLM vs PKB | |
| Hoya Capital Housing ETF | -16.71% | 34.76M | Mar 2019 | FLM vs HOMZ | |
| First Trust RBA American Industrial Renaissance ET... | -17.18% | 10.18B | Mar 2014 | FLM vs AIRR | |
| SPDR S&P Homebuilders ETF | -21.71% | 1.47B | Jan 2006 | FLM vs XHB | |
| Defiance AI & Power Infrastructure ETF | -24.36% | 888.24M | Jul 2025 | FLM vs AIPO |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 16 categories. AUM among these funds goes as high as $25B.
Often Compared With FLM
Investors most often compare FLM with VOO, SIJ, SHYG. These 20 comparison targets span 22 categories, based on PortfoliosLab usage data.
Compare FLM with Any Fund or Stock
Compare FLM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FLM with funds that move differently
First Trust Global Engineering and Construction ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FLM.
Explore FLM Diversifiers