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First Trust Equity Market Neutral ETF (NTRL) Alternatives

ETF · Currency in USD · Last updated Jun 28, 2026

First Trust Equity Market Neutral ETF is an actively managed ETF that seeks an equity market neutral approach using long and short positions in U.S. exchange-listed equities, ETFs, and derivatives. The fund aims for performance driven primarily by long-short security selection rather than broad market direction.

First Trust Equity Market Neutral ETF (NTRL) belongs to the Equity Market Neutral category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NTRL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

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 $13B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CIBR
First Trust NASDAQ Cybersecurity ETFCybersecurity, Technology Equities
17
19.78%
13.15BJul 2015NTRL vs CIBR
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastru...Alternative Energy Equities
60
21.53%
11.65BNov 2009NTRL vs GRID
NFTY
First Trust India NIFTY 50 Equal Weight ETFIndia Equities, Equal Weight, Asia Pacific Equities
5
-6.72%
133.26MFeb 2012NTRL vs NFTY
AIRR
First Trust RBA American Industrial Renaissance ET...Building & Construction
82
31.98%
11.17BMar 2014NTRL vs AIRR
FDL
First Trust Morningstar Dividend Leaders Index Fun...Large Cap Value Equities, Dividend
78
13.85%
7.42BMar 2006NTRL vs FDL
IGLD
FT Vest Gold Strategy Target Income ETFGold, Derivative Income, Precious Metals
18
-6.52%
510.79MMar 2021NTRL vs IGLD
FTXL
First Trust Nasdaq Semiconductor ETFSemiconductors, Technology Equities
96
104.99%
2.67BSep 2016NTRL vs FTXL
TDIV
First Trust NASDAQ Technology Dividend Index FundTechnology Equities, Dividend
44
16.59%
4.31BAug 2012NTRL vs TDIV
QCLN
First Trust NASDAQ Clean Edge Green Energy Index F...Alternative Energy Equities
70
28.74%
782.53MFeb 2007NTRL vs QCLN
KNG
FT Vest S&P 500 Dividend Aristocrats Target Income...Dividend, S&P 500
35
7.61%
3.40BMar 2018NTRL vs KNG

Compare NTRL with Any Fund or Stock

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

 

Diversifiers

Pair NTRL with funds that move differently

First Trust Equity Market Neutral ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NTRL.

Explore NTRL Diversifiers