ATTR vs. FTLS

Last updated Jun 4, 2026

ATTR (Arin Tactical Tail Risk ETF) and FTLS (First Trust Long/Short Equity ETF) are both Long-Short funds. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. ATTR charges 0.63%/yr vs 1.60%/yr for FTLS.

Performance

ATTR vs. FTLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arin Tactical Tail Risk ETF (ATTR) and First Trust Long/Short Equity ETF (FTLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATTR achieves a 4.25% return, which is significantly lower than FTLS's 5.34% return.

ATTR

• 1D: -0.12%
• 1M: 0.85%
• YTD: 4.25%
• 6M: 4.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTLS

• 1D: 0.12%
• 1M: 2.01%
• YTD: 5.34%
• 6M: 5.22%
• 1Y: 14.27%
• 3Y*: 14.31%
• 5Y*: 10.27%
• 10Y*: 9.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ATTR vs. FTLS - Yearly Performance Comparison

	2026 (YTD)	2025
ATTR Arin Tactical Tail Risk ETF	4.25%	0.58%
FTLS First Trust Long/Short Equity ETF	5.34%	0.67%

Correlation

The correlation between ATTR and FTLS is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025	0.61

Return for Risk

ATTR vs. FTLS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTLS

FTLS Risk / Return Rank: 58
FTLS Sharpe Ratio Rank: 50
FTLS Sortino Ratio Rank: 52
FTLS Omega Ratio Rank: 50
FTLS Calmar Ratio Rank: 74
FTLS Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATTR vs. FTLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arin Tactical Tail Risk ETF (ATTR) and First Trust Long/Short Equity ETF (FTLS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ATTR	FTLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.75	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.98	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.81	0.81	+2.00

Drawdowns

ATTR vs. FTLS - Drawdown Comparison

The maximum ATTR drawdown since its inception was -1.76%, smaller than the maximum FTLS drawdown of -20.54%. Use the drawdown chart below to compare losses from any high point for ATTR and FTLS.

Drawdown Indicators

	ATTR	FTLS	Difference
Max Drawdown Largest peak-to-trough decline	-1.76%	-20.54%	+18.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.79%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.54%	—
Current Drawdown Current decline from peak	-0.19%	-0.03%	-0.16%
Average Drawdown Average peak-to-trough decline	-0.18%	-2.69%	+2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.21%	—

Volatility

Volatility by Period

	ATTR	FTLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.97%	8.18%	-5.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.97%	10.55%	-7.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.97%	11.30%	-8.33%

ATTR vs. FTLS - Expense Ratio Comparison

ATTR has a 0.63% expense ratio, which is lower than FTLS's 1.60% expense ratio.

Dividends

ATTR vs. FTLS - Dividend Comparison

ATTR has not paid dividends to shareholders, while FTLS's dividend yield for the trailing twelve months is around 0.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATTR Arin Tactical Tail Risk ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTLS First Trust Long/Short Equity ETF	0.90%	1.07%	1.50%	1.49%	0.81%	0.01%	0.44%	0.83%	0.87%	0.43%	1.04%	0.49%

Frequently Asked Questions

Can I hold both ATTR and FTLS in my portfolio?

ATTR and FTLS have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ATTR or FTLS?

On fees, ATTR is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ATTR or FTLS?

ATTR is cheaper with a 0.63% expense ratio, compared with 1.60% for FTLS.

Which ETF pays a higher dividend yield, ATTR or FTLS?

FTLS has the higher dividend yield at 0.90%, compared with 0.00% for ATTR.

What is the main difference between ATTR and FTLS?

They also come from different issuers: Arin Risk Advisors and First Trust. Their fees differ too: 0.63% for ATTR and 1.60% for FTLS.