FTLB vs. FTLS
Compare and contrast key facts about First Trust Hedged BuyWrite Income ETF (FTLB) and First Trust Long/Short Equity ETF (FTLS).
FTLB and FTLS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTLB is an actively managed fund by First Trust. It was launched on Jan 6, 2014. 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: FTLB or FTLS.
Correlation
The correlation between FTLB and FTLS is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FTLB vs. FTLS - Performance Comparison
Key characteristics
Returns By Period
FTLB
N/A
N/A
N/A
N/A
N/A
N/A
FTLS
1.81%
-0.40%
8.08%
18.53%
9.97%
8.99%
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FTLB vs. FTLS - Expense Ratio Comparison
FTLB has a 0.85% expense ratio, which is lower than FTLS's 1.60% expense ratio.
Risk-Adjusted Performance
FTLB vs. FTLS — Risk-Adjusted Performance Rank
FTLB
FTLS
FTLB vs. FTLS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Hedged BuyWrite Income ETF (FTLB) 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.
Dividends
FTLB vs. FTLS - Dividend Comparison
FTLB has not paid dividends to shareholders, while FTLS's dividend yield for the trailing twelve months is around 1.48%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTLB First Trust Hedged BuyWrite Income ETF | 5.99% | 5.99% | 11.49% | 9.85% | 3.05% | 3.27% | 2.95% | 1.82% | 2.74% | 3.02% | 1.20% | 3.30% |
FTLS First Trust Long/Short Equity ETF | 1.48% | 1.50% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% | 0.51% |
Drawdowns
FTLB vs. FTLS - Drawdown Comparison
Volatility
FTLB vs. FTLS - Volatility Comparison
The current volatility for First Trust Hedged BuyWrite Income ETF (FTLB) is 0.00%, while First Trust Long/Short Equity ETF (FTLS) has a volatility of 4.27%. This indicates that FTLB experiences smaller price fluctuations and is considered to be less risky than FTLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.