Correlation
The correlation between AWEG and FTLS is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
AWEG vs. FTLS
Compare and contrast key facts about Alger Weatherbie Enduring Growth ETF (AWEG) and First Trust Long/Short Equity ETF (FTLS).
AWEG and FTLS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AWEG is an actively managed fund by Alger. It was launched on Mar 7, 2023. FTLS is an actively managed fund by First Trust. It was launched on Sep 9, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AWEG or FTLS.
Performance
AWEG vs. FTLS - Performance Comparison
Loading data...
Key characteristics
AWEG:
0.14
FTLS:
0.80
AWEG:
0.33
FTLS:
1.08
AWEG:
1.04
FTLS:
1.15
AWEG:
0.10
FTLS:
0.74
AWEG:
0.28
FTLS:
2.51
AWEG:
9.72%
FTLS:
3.46%
AWEG:
22.94%
FTLS:
11.65%
AWEG:
-26.96%
FTLS:
-20.53%
AWEG:
-14.27%
FTLS:
-3.65%
Returns By Period
In the year-to-date period, AWEG achieves a -6.98% return, which is significantly lower than FTLS's -0.19% return.
AWEG
-6.98%
4.85%
-13.86%
2.01%
N/A
N/A
N/A
FTLS
-0.19%
2.79%
-0.44%
8.51%
10.28%
10.78%
7.96%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
AWEG vs. FTLS - Expense Ratio Comparison
AWEG has a 0.65% expense ratio, which is lower than FTLS's 1.60% expense ratio.
Risk-Adjusted Performance
AWEG vs. FTLS — Risk-Adjusted Performance Rank
AWEG
FTLS
AWEG vs. FTLS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Weatherbie Enduring Growth ETF (AWEG) 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.
Loading data...
Dividends
AWEG vs. FTLS - Dividend Comparison
AWEG's dividend yield for the trailing twelve months is around 3.70%, more than FTLS's 1.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWEG Alger Weatherbie Enduring Growth ETF | 3.70% | 3.45% | 0.24% | 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 | 1.54% | 1.50% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% | 0.51% |
Drawdowns
AWEG vs. FTLS - Drawdown Comparison
The maximum AWEG drawdown since its inception was -26.96%, which is greater than FTLS's maximum drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for AWEG and FTLS.
Loading data...
Volatility
AWEG vs. FTLS - Volatility Comparison
Alger Weatherbie Enduring Growth ETF (AWEG) has a higher volatility of 5.65% compared to First Trust Long/Short Equity ETF (FTLS) at 2.43%. This indicates that AWEG's price experiences larger fluctuations and is considered to be riskier than FTLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...