- Issuer
- First Trust
- Inception Date
- Feb 4, 2020
- Category
- Equity Market Neutral
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Asset Class
- Alternatives
- Assets Under Management
- $18M
Share Price Chart
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Performance
NTRL Performance Chart
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Returns By Period
First Trust Equity Market Neutral ETF
- 1D
- 0.29%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.01%
- 1M
- 0.51%
- 6M
- 7.46%
- YTD
- 8.94%
- 1Y
- 18.43%
- 3Y*
- 17.86%
- 5Y*
- 11.50%
- 10Y*
- 13.17%
NTRL Monthly Returns History
Based on dividend-adjusted daily data since Jun 24, 2026, NTRL's average daily return is +0.03%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.
Historically, 50% of months were positive and 50% were negative. The best month was Jul 2026 with a return of +1.9%, while the worst month was Jun 2026 at -1.3%. The longest winning streak lasted 1 consecutive months, and the longest losing streak was 1 months.
On a daily basis, NTRL closed higher 53% of trading days. The best single day was Jul 16, 2026 with a return of +1.5%, while the worst single day was Jun 25, 2026 at -1.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.34% | 1.89% | 0.53% |
Expense Ratio
NTRL has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Equity Market Neutral ETF (NTRL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NTRL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.03 | — |
| Martin ratioReturn relative to average drawdown | — | 8.80 | — |
Dividends
Dividend History
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Equity Market Neutral 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 Equity Market Neutral ETF was 1.54%, occurring on Jul 15, 2026. Recovery took 2 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-1.54%Jul 2026 | 1d | 2d | 3dJul 2026 - Jul 2026 | — |
-1.44%Jun 2026 | 5d | 7d | 12dJun 2026 - Jul 2026 | — |
-1.00%Jul 2026 | 1d | 4d | 5dJul 2026 - Jul 2026 | — |
Drawdown Indicators
| NTRL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.54% | -56.78% | +55.24% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.00% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -10.70% | +9.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.10% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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