FLM Alternatives & Similar ETFs

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
HOMZ	Hoya Capital Housing ETF	0.30%	34.76M	Mar 2019	FLM vs HOMZ
XHB	SPDR S&P Homebuilders ETF	0.35%	2.07B	Jan 2006	FLM vs XHB
ITB	iShares U.S. Home Construction ETF	0.38%	2.45B	May 2006	FLM vs ITB
PKB	Invesco Dynamic Building & Construction ETF	0.60%	442.33M	Oct 2005	FLM vs PKB
AIRR	First Trust RBA American Industrial Renaissance ET...	0.69%	10.80B	Mar 2014	FLM vs AIRR

Best Risk-Adjusted Alternatives to FLM

Among 5 ETFs in the Building & Construction category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 66.

Symbol	Name	Risk / Return Rank	AUM	Inception
AIRR	First Trust RBA American Industrial Renaissance ET...	66	10.80B	Mar 2014	FLM vs AIRR
PKB	Invesco Dynamic Building & Construction ETF	35	442.33M	Oct 2005	FLM vs PKB
HOMZ	Hoya Capital Housing ETF	13	34.76M	Mar 2019	FLM vs HOMZ
XHB	SPDR S&P Homebuilders ETF	11	2.07B	Jan 2006	FLM vs XHB
ITB	iShares U.S. Home Construction ETF	9	2.45B	May 2006	FLM vs ITB

Top Performing FLM Alternatives (YTD)

Among 6 ETFs in the Building & Construction category with YTD return data, the top-performing alternatives shown here go as high as 36.75%.

Symbol	Name	YTD Return	AUM	Inception
AIPO	Defiance AI & Power Infrastructure ETF	36.75%	933.18M	Jul 2025	FLM vs AIPO
AIRR	First Trust RBA American Industrial Renaissance ET...	23.60%	10.80B	Mar 2014	FLM vs AIRR
PKB	Invesco Dynamic Building & Construction ETF	10.49%	442.33M	Oct 2005	FLM vs PKB
XHB	SPDR S&P Homebuilders ETF	4.30%	2.07B	Jan 2006	FLM vs XHB
HOMZ	Hoya Capital Housing ETF	2.69%	34.76M	Mar 2019	FLM vs HOMZ

Lowest Volatility Alternatives to FLM

Among 6 ETFs in the Building & Construction category with 1-year volatility data, the lowest-volatility alternatives shown here go as low as 20.06%.

Symbol	Name	Volatility 1Y	AUM	Inception
HOMZ	Hoya Capital Housing ETF	20.06%	34.76M	Mar 2019	FLM vs HOMZ
PKB	Invesco Dynamic Building & Construction ETF	24.57%	442.33M	Oct 2005	FLM vs PKB
AIRR	First Trust RBA American Industrial Renaissance ET...	27.11%	10.80B	Mar 2014	FLM vs AIRR
XHB	SPDR S&P Homebuilders ETF	28.68%	2.07B	Jan 2006	FLM vs XHB
ITB	iShares U.S. Home Construction ETF	30.26%	2.45B	May 2006	FLM vs ITB

Lowest Drawdown Alternatives to FLM

Among 5 ETFs in the Building & Construction category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -13.09%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
AIRR	First Trust RBA American Industrial Renaissance ET...	-13.09%	10.80B	Mar 2014	FLM vs AIRR
PKB	Invesco Dynamic Building & Construction ETF	-15.41%	442.33M	Oct 2005	FLM vs PKB
HOMZ	Hoya Capital Housing ETF	-16.71%	34.76M	Mar 2019	FLM vs HOMZ
XHB	SPDR S&P Homebuilders ETF	-21.71%	2.07B	Jan 2006	FLM vs XHB
ITB	iShares U.S. Home Construction ETF	-26.04%	2.45B	May 2006	FLM vs ITB

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 14 categories. AUM among these funds goes as high as $24B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Cybersecurity, Technology Equities	34	28.87%	14.26B	Jul 2015	FLM vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Alternative Energy Equities	58	19.10%	11.74B	Nov 2009	FLM vs GRID
NFTY	First Trust India NIFTY 50 Equal Weight ETF	India Equities, Equal Weight, Asia Pacific Equities	4	-7.65%	132.86M	Feb 2012	FLM vs NFTY
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	76	15.23%	7.48B	Mar 2006	FLM vs FDL
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	18	-7.95%	510.89M	Mar 2021	FLM vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	94	86.56%	2.46B	Sep 2016	FLM vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	44	17.47%	4.34B	Aug 2012	FLM vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	54	20.15%	718.18M	Feb 2007	FLM vs QCLN
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income...	Dividend, S&P 500	34	8.48%	3.40B	Mar 2018	FLM vs KNG
RDVY	First Trust Rising Dividend Achievers ETF	Dividend, Large Cap Blend Equities	75	15.31%	24.39B	Jan 2014	FLM vs RDVY

Often Compared With FLM

Investors most often compare FLM with VOO, SHYG, FIW. These 20 comparison targets span 19 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VOO	Vanguard S&P 500 ETF	S&P 500	66	10.45%	1.70T	Sep 2010	FLM vs VOO
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	High Yield Bonds	77	1.82%	7.60B	Oct 2013	FLM vs SHYG
FIW	First Trust Water ETF	Water Equities	8	-0.70%	1.84B	May 2007	FLM vs FIW
SIJ	ProShares UltraShort Industrials	Leveraged Equities	2	-27.31%	5.76M	Jan 2007	FLM vs SIJ
ROBT	First Trust Nasdaq Artificial Intelligence & Robot...	Technology Equities, Robotics	20	7.05%	733.99M	Feb 2018	FLM vs ROBT
CWB	SPDR Bloomberg Barclays Convertible Securities ETF	Preferred Stock/Convertible Bonds	68	17.27%	6.03B	Apr 2009	FLM vs CWB
RBIL	F/m Ultrashort Treasury Inflation-Protected Securi...	Inflation-Protected Bonds	97	2.65%	138.94M	Feb 2025	FLM vs RBIL
SHRT	Gotham Short Strategies ETF	Inverse Equities	1	-15.76%	12.30M	Jul 2017	FLM vs SHRT
IBID	iShares iBonds Oct 2027 Term TIPS ETF	Inflation-Protected Bonds	96	2.35%	118.00M	Sep 2023	FLM vs IBID
URTH	iShares MSCI World ETF	Global Equities	63	10.01%	8.14B	Jan 2012	FLM vs URTH
NLSI	Neos Long/Short Equity Income ETF	Long-Short	—	7.90%	4.79M	Dec 2025	FLM vs NLSI
RDOG	ALPS REIT Dividend Dogs ETF	REIT, Dividend	53	19.31%	11.37M	May 2008	FLM vs RDOG
SILJ	Amplify Junior Silver Miners ETF	Silver, Precious Metals	35	-10.77%	3.22B	Nov 2012	FLM vs SILJ
SCHF	Schwab International Equity ETF	Foreign Large Cap Equities	60	13.29%	66.31B	Nov 2009	FLM vs SCHF
DGS	WisdomTree Emerging Markets SmallCap Dividend Fund	Emerging Markets Diversified, Dividend	40	12.42%	1.78B	Oct 2007	FLM vs DGS
NFLT	Virtus Newfleet Multi-Sector Bond ETF	Multisector Bonds	64	1.51%	441.83M	Aug 2015	FLM vs NFLT
UGA	United States Gasoline Fund LP	Oil & Gas	78	81.31%	118.98M	Feb 2008	FLM vs UGA
IBIC	iShares iBonds Oct 2026 Term TIPS ETF	Inflation-Protected Bonds	98	2.61%	79.20M	Sep 2023	FLM vs IBIC
DBE	Invesco DB Energy Fund	Oil & Gas	53	66.08%	85.45M	Jan 2007	FLM vs DBE
USO	United States Oil Fund LP	Oil & Gas	41	70.32%	1.92B	Apr 2006	FLM vs USO

Compare FLM with Any Fund or Stock

Compare FLM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

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

First Trust Global Engineering and Construction ETF (FLM) Alternatives