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
| ISIN | US33739P1030 |
|---|---|
| CUSIP | 33739P103 |
| Issuer | First Trust |
| Inception Date | Sep 9, 2014 |
| Region | North America (U.S.) |
| Category | Long-Short, Actively Managed |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | www.ftportfolios.com |
| Asset Class | Alternatives |
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
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FTLS vs. CLSE, FTLS vs. LBAY, FTLS vs. HTUS, FTLS vs. SPY, FTLS vs. SWAN, FTLS vs. VOO, FTLS vs. DGRO, FTLS vs. QQQ, FTLS vs. FDLO, FTLS vs. VXF
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 15.54% year-to-date (YTD) and 22.56% in the last 12 months. Over the past 10 years, First Trust Long/Short Equity ETF had an annualized return of 9.34%, while the S&P 500 had an annualized return of 11.99%, indicating that First Trust Long/Short Equity ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 15.54% | 21.91% |
| 1 month | 3.75% | 4.70% |
| 6 months | 6.97% | 13.50% |
| 1 year | 22.56% | 33.69% |
| 5 years (annualized) | 10.41% | 14.40% |
| 10 years (annualized) | 9.34% | 11.99% |
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% | 15.54% | |||
| 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% | -4.51% | 3.12% | -1.85% | -4.74% | 4.46% | 4.27% | -3.55% | -5.56% |
| 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% | 2.08% | 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% | 16.16% |
| 2018 | 3.82% | -3.21% | -1.31% | -0.79% | 1.81% | -0.65% | 1.80% | 2.50% | -0.23% | -4.96% | 0.80% | -4.08% | -4.81% |
| 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
The current risk-adjusted rank of FTLS is 78, placing it in the top 22% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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 granted a 1.56% dividend yield in the last twelve months. The annual payout for that period amounted to $1.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.00 | $0.84 | $0.40 | $0.00 | $0.19 | $0.35 | $0.32 | $0.17 | $0.36 | $0.16 | $0.16 |
Dividend yield | 1.56% | 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 | $0.26 | $0.00 | $0.70 | ||
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.20 | $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 | $0.04 | $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 | $0.03 | $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 | $0.04 | $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.
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 2.67%, 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.