FFLS vs. ATTR

Last updated Jul 15, 2026

FFLS (The Future Fund Long/Short ETF) and ATTR (Arin Tactical Tail Risk ETF) are both Long-Short funds. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. FFLS charges 1.75%/yr vs 0.63%/yr for ATTR.

Performance

FFLS vs. ATTR - Performance Comparison

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

Returns By Period

In the year-to-date period, FFLS achieves a -0.46% return, which is significantly lower than ATTR's 4.56% return.

FFLS

• 1D: 0.68%
• 1M: 2.83%
• 6M: -2.74%
• YTD: -0.46%
• 1Y: -2.03%
• 3Y*: 8.72%
• 5Y*: —
• 10Y*: —

ATTR

• 1D: 0.10%
• 1M: 0.80%
• 6M: 4.12%
• YTD: 4.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FFLS vs. ATTR - Yearly Performance Comparison

	2026 (YTD)	2025
FFLS The Future Fund Long/Short ETF	-0.46%	-1.10%
ATTR Arin Tactical Tail Risk ETF	4.56%	0.53%

Correlation

The correlation between FFLS and ATTR is 0.56, 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 28, 2025	0.56

Return for Risk

FFLS vs. ATTR — Risk / Return Rank

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

FFLS

FFLS Risk / Return Rank: 7
FFLS Sharpe Ratio Rank: 7
FFLS Sortino Ratio Rank: 7
FFLS Omega Ratio Rank: 6
FFLS Calmar Ratio Rank: 8
FFLS Martin Ratio Rank: 7

ATTR

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

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.

FFLS vs. ATTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Future Fund Long/Short ETF (FFLS) and Arin Tactical Tail Risk ETF (ATTR). 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.

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.

	FFLS	ATTR	Difference
Sharpe ratio: Return per unit of total volatility	-0.21	—	—
Sortino ratio: Return per unit of downside risk	-0.22	—	—
Omega ratio: Gain probability vs. loss probability	0.97	—	—
Calmar ratio: Return relative to maximum drawdown	-0.18	—	—
Martin ratio: Return relative to average drawdown	-0.37	—	—

Drawdowns

FFLS vs. ATTR - Drawdown Comparison

The maximum FFLS drawdown since its inception was -11.05%, which is greater than ATTR's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for FFLS and ATTR.

Drawdown Indicators

	FFLS	ATTR	Difference
Max Drawdown Largest peak-to-trough decline	-11.05%	-1.76%	-9.29%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.05%	—	—
Current Drawdown Current decline from peak	-5.15%	-0.04%	-5.11%
Average Drawdown Average peak-to-trough decline	-3.20%	-0.24%	-2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.42%	—	—

Volatility

Volatility by Period

	FFLS	ATTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.83%	3.21%	+6.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.38%	3.21%	+8.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.38%	3.21%	+8.17%

FFLS vs. ATTR - Expense Ratio Comparison

FFLS has a 1.75% expense ratio, which is higher than ATTR's 0.63% expense ratio.

Dividends

FFLS vs. ATTR - Dividend Comparison

FFLS's dividend yield for the trailing twelve months is around 6.61%, while ATTR has not paid dividends to shareholders.

Position	TTM	2025	2024
ATTR Arin Tactical Tail Risk ETF	0.00%	0.00%	0.00%
FFLS The Future Fund Long/Short ETF	6.61%	6.58%	3.34%

Frequently Asked Questions

Can I hold both FFLS and ATTR in my portfolio?

FFLS and ATTR have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FFLS or ATTR?

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, FFLS or ATTR?

ATTR is cheaper with a 0.63% expense ratio, compared with 1.75% for FFLS.

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

FFLS has the higher dividend yield at 6.61%, compared with 0.00% for ATTR.

What is the main difference between FFLS and ATTR?

They also come from different issuers: The Future Fund and Arin Risk Advisors. Their fees differ too: 1.75% for FFLS and 0.63% for ATTR.