First Trust Long/Short Equity ETF (FTLS)
FTLS is an actively managed ETF by First Trust. FTLS launched on Sep 9, 2014 and has a 1.60% expense ratio.
ETF Info
US33739P1030
33739P103
Sep 9, 2014
North America (U.S.)
1x
No Index (Active)
Expense Ratio
FTLS has a high expense ratio of 1.60%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Long/Short Equity ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Trust Long/Short Equity ETF had a return of 20.19% year-to-date (YTD) and 19.36% in the last 12 months. Over the past 10 years, First Trust Long/Short Equity ETF had an annualized return of 8.67%, while the S&P 500 had an annualized return of 11.11%, indicating that First Trust Long/Short Equity ETF did not perform as well as the benchmark.
FTLS
20.19%
1.88%
7.16%
19.36%
10.25%
8.67%
^GSPC (Benchmark)
25.25%
0.08%
9.66%
25.65%
13.17%
11.11%
Monthly Returns
The table below presents the monthly returns of FTLS, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.16% | 3.88% | 2.49% | -3.89% | 3.53% | 2.52% | 0.53% | 1.24% | 0.06% | 0.55% | 3.82% | 20.19% | |
| 2023 | 3.01% | -2.09% | 3.35% | 1.63% | -0.72% | 3.37% | 2.42% | -0.85% | -0.47% | -0.36% | 4.46% | 2.24% | 16.94% |
| 2022 | -3.99% | -0.66% | 1.87% | -1.64% | 2.17% | -4.52% | 3.13% | -1.85% | -4.74% | 4.46% | 4.27% | -3.55% | -5.57% |
| 2021 | 2.90% | 1.51% | -0.23% | 3.07% | 2.48% | 1.37% | 0.79% | 1.54% | -2.89% | 4.24% | -0.16% | 3.68% | 19.65% |
| 2020 | 0.66% | -6.63% | -6.54% | 6.00% | 3.42% | -0.19% | 4.95% | 3.23% | -4.13% | -1.89% | 2.59% | 2.07% | 2.56% |
| 2019 | 3.21% | 1.52% | 1.09% | 1.66% | -3.36% | 4.75% | 1.62% | -0.88% | 1.47% | 1.71% | 1.44% | 1.08% | 16.17% |
| 2018 | 3.82% | -3.21% | -1.31% | -0.79% | 1.81% | -0.66% | 1.80% | 2.50% | -0.23% | -4.96% | 0.80% | -4.08% | -4.82% |
| 2017 | -0.49% | 2.30% | -0.66% | 1.66% | 1.30% | 0.63% | 1.19% | -0.58% | 2.43% | 1.85% | 2.74% | 1.23% | 14.41% |
| 2016 | -3.79% | -1.46% | 3.35% | -0.87% | 0.38% | 0.15% | 4.27% | -1.08% | 0.94% | -1.72% | 4.93% | 1.64% | 6.55% |
| 2015 | -0.25% | 3.99% | -0.42% | 0.37% | 1.51% | -2.47% | 1.37% | -3.53% | -0.29% | 4.28% | 1.53% | -1.17% | 4.71% |
| 2014 | -0.48% | 0.92% | 4.65% | 0.49% | 5.63% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 83, FTLS is among the top 17% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Trust Long/Short Equity ETF (FTLS) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Trust Long/Short Equity ETF provided a 1.49% dividend yield over the last twelve months, with an annual payout of $0.99 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.99 | $0.84 | $0.40 | $0.00 | $0.19 | $0.35 | $0.32 | $0.17 | $0.36 | $0.16 | $0.16 |
Dividend yield | 1.49% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% | 0.51% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Long/Short Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.29 | $0.99 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.30 | $0.84 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.33 | $0.40 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.13 | $0.19 |
| 2019 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.05 | $0.35 |
| 2018 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.12 | $0.32 |
| 2017 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.17 |
| 2016 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.15 | $0.36 |
| 2015 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.06 | $0.16 |
| 2014 | $0.02 | $0.00 | $0.00 | $0.15 | $0.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Long/Short Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Long/Short Equity ETF was 20.53%, occurring on Mar 23, 2020. Recovery took 112 trading sessions.
The current First Trust Long/Short Equity ETF drawdown is 1.64%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.53% | Feb 20, 2020 | 23 | Mar 23, 2020 | 112 | Aug 31, 2020 | 135 |
| -13.38% | Jan 29, 2018 | 229 | Dec 24, 2018 | 183 | Sep 17, 2019 | 412 |
| -10.35% | Dec 30, 2021 | 186 | Sep 26, 2022 | 172 | Jun 2, 2023 | 358 |
| -9.26% | Dec 2, 2015 | 49 | Feb 11, 2016 | 114 | Jul 26, 2016 | 163 |
| -8.16% | May 28, 2015 | 63 | Aug 25, 2015 | 64 | Nov 24, 2015 | 127 |
Volatility
Volatility Chart
The current First Trust Long/Short Equity ETF volatility is 3.74%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.