First Trust Tactical High Yield ETF (HYLS) Alternatives

First Trust Tactical High Yield ETF (HYLS) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HYLS. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to HYLS

HYLS charges 1.01% annually. Among ETFs in the High Yield Bonds category, these options have the lowest expense ratios among HYLS alternatives.

Symbol	Name	Expense Ratio	Inception
SCYB	Schwab High Yield Bond ETF	0.03%	Jul 10, 2023	HYLS vs SCYB
SPHY	SPDR Portfolio High Yield Bond ETF	0.10%	Jun 18, 2012	HYLS vs SPHY
HYLB	Xtrackers USD High Yield Corporate Bond ETF	0.15%	Dec 7, 2016	HYLS vs HYLB
BBHY	JPMorgan BetaBuilders USD High Yield Corporate Bon...	0.15%	Sep 15, 2016	HYLS vs BBHY
USHY	iShares Broad USD High Yield Corporate Bond ETF	0.15%	Oct 25, 2017	HYLS vs USHY

Best Risk-Adjusted Alternatives to HYLS

Among ETFs in the High Yield Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
IBHE	iShares iBonds 2025 Term High Yield & Income ETF	98	May 7, 2019	HYLS vs IBHE
BSJQ	Invesco BulletShares 2026 High Yield Corp Bond ETF	91	Aug 9, 2018	HYLS vs BSJQ
THY	Agility Shares Dynamic Tactical Income ETF	88	Jun 25, 2020	HYLS vs THY
LDRH	iShares iBonds 1-5 Year High Yield and Income Ladd...	88	Nov 7, 2024	HYLS vs LDRH
BSJR	Invesco BulletShares 2027 High Yield Corporate Bon...	87	Sep 12, 2019	HYLS vs BSJR

Top Performing HYLS Alternatives (YTD)

HYLS alternatives from the High Yield Bonds category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
XHYE	BondBloxx US High Yield Energy Sector ETF	2.27%	Feb 15, 2022	HYLS vs XHYE
YLD	Principal Active High Yield ETF	0.96%	Jul 9, 2015	HYLS vs YLD
BSJQ	Invesco BulletShares 2026 High Yield Corp Bond ETF	0.66%	Aug 9, 2018	HYLS vs BSJQ
LDRH	iShares iBonds 1-5 Year High Yield and Income Ladd...	0.51%	Nov 7, 2024	HYLS vs LDRH
PSH	PGIM Short Duration High Yield ETF	0.41%	Dec 14, 2023	HYLS vs PSH

Lowest Volatility Alternatives to HYLS

HYLS alternatives from the High Yield Bonds category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
IBHD	iShares iBonds 2024 Term High Yield & Income ETF	0.00%	May 7, 2019	HYLS vs IBHD
BSJO	Invesco BulletShares 2024 High Yield Corporate Bon...	0.00%	Sep 14, 2016	HYLS vs BSJO
ESHY	Xtrackers J.P. Morgan ESG USD High Yield Corporate...	0.00%	Mar 3, 2015	HYLS vs ESHY
IBHE	iShares iBonds 2025 Term High Yield & Income ETF	1.33%	May 7, 2019	HYLS vs IBHE
FLRT	Pacific Global Senior Loan ETF	3.04%	Feb 19, 2015	HYLS vs FLRT

Lowest Drawdown Alternatives to HYLS

HYLS alternatives from the High Yield Bonds category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
IBHE	iShares iBonds 2025 Term High Yield & Income ETF	-0.73%	May 7, 2019	HYLS vs IBHE
THY	Agility Shares Dynamic Tactical Income ETF	-1.60%	Jun 25, 2020	HYLS vs THY
FTSL	First Trust Senior Loan Fund	-2.33%	May 1, 2013	HYLS vs FTSL
FLRT	Pacific Global Senior Loan ETF	-2.47%	Feb 19, 2015	HYLS vs FLRT
BSJQ	Invesco BulletShares 2026 High Yield Corp Bond ETF	-2.52%	Aug 9, 2018	HYLS vs BSJQ

Other ETFs from First Trust

Most popular First Trust ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Technology Equities, Cybersecurity	12	-12.12%	Jul 7, 2015	HYLS vs CIBR
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities	5	-11.19%	Feb 14, 2012	HYLS vs NFTY
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastru...	Alternative Energy Equities	94	6.96%	Nov 17, 2009	HYLS vs GRID
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	79	15.49%	Mar 9, 2006	HYLS vs FDL
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	95	12.74%	Mar 10, 2014	HYLS vs AIRR
IGLD	FT Cboe Vest Gold Strategy Target Income ETF	Precious Metals, Gold	84	5.99%	Mar 2, 2021	HYLS vs IGLD
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	77	-2.96%	Aug 14, 2012	HYLS vs TDIV
KNG	FT Cboe Vest S&P 500 Dividend Aristocrats Target I...	Dividend, S&P 500	25	1.24%	Mar 26, 2018	HYLS vs KNG
ROBT	First Trust Nasdaq Artificial Intelligence & Robot...	Technology Equities, Robotics	28	-11.00%	Feb 21, 2018	HYLS vs ROBT
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	87	4.23%	Feb 8, 2007	HYLS vs QCLN

Often Compared With HYLS

What investors most often compare with HYLS, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
HYUP	Xtrackers High Beta High Yield Bond ETF	High Yield Bonds	72	-0.43%	Jan 11, 2018	HYLS vs HYUP
EIFAX	Eaton Vance Floating-Rate Advantage Fund	Bank Loan	50	-1.98%	Mar 16, 2008	HYLS vs EIFAX
FFTWX	Fidelity Freedom 2025 Fund	Target Retirement Date	75	-1.81%	Nov 6, 2003	HYLS vs FFTWX
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	High Yield Bonds	78	-0.35%	Apr 11, 2007	HYLS vs HYG
HYGH	iShares Interest Rate Hedged High Yield Bond ETF	High Yield Bonds, Actively Managed	64	0.36%	May 27, 2014	HYLS vs HYGH
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	HYLS vs VOO
AGG	iShares Core U.S. Aggregate Bond ETF	Total Bond Market	60	0.02%	Sep 22, 2003	HYLS vs AGG
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	52	12.79%	Oct 20, 2011	HYLS vs SCHD
RYLD	Global X Russell 2000 Covered Call ETF	Hedge Fund	45	0.70%	Apr 17, 2019	HYLS vs RYLD
VTV	Vanguard Value ETF	Large Cap Value Equities	67	3.30%	Jan 26, 2004	HYLS vs VTV
GIOIX	Guggenheim Macro Opportunities Fund	Nontraditional Bonds	93	-1.19%	Nov 29, 2011	HYLS vs GIOIX
FMB	First Trust Managed Municipal ETF	Municipal Bonds, Actively Managed	52	-0.03%	May 13, 2014	HYLS vs FMB
JBBB	Janus Henderson B-BBB CLO ETF	CLO	49	-0.81%	Jan 11, 2022	HYLS vs JBBB
BINC	iShares Flexible Income Active ETF	Multisector Bonds	84	-0.78%	May 19, 2023	HYLS vs BINC
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	0.86%	May 26, 2020	HYLS vs SGOV
JPHY	JPMorgan High Yield Research Enhanced ETF	High Yield Bonds, Actively Managed	—	0.16%	Sep 14, 2016	HYLS vs JPHY
HYEM	VanEck Vectors Emerging Markets High Yield Bond ET...	High Yield Bonds	67	0.26%	May 8, 2012	HYLS vs HYEM

Compare HYLS with Any Fund or Stock

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

Symbol name

First Trust Tactical High Yield ETF

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