FTLS vs. ATTR

Last updated Jun 3, 2026

FTLS (First Trust Long/Short Equity ETF) and ATTR (Arin Tactical Tail Risk ETF) are both Long-Short funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. FTLS charges 1.60%/yr vs 0.63%/yr for ATTR.

Performance

FTLS vs. ATTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Long/Short Equity ETF (FTLS) 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, FTLS achieves a 5.21% return, which is significantly higher than ATTR's 4.37% return.

FTLS

• 1D: 0.67%
• 1M: 1.31%
• YTD: 5.21%
• 6M: 4.51%
• 1Y: 14.78%
• 3Y*: 14.27%
• 5Y*: 10.33%
• 10Y*: 9.81%

ATTR

• 1D: -0.04%
• 1M: 0.94%
• YTD: 4.37%
• 6M: 4.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTLS vs. ATTR - Yearly Performance Comparison

	2026 (YTD)	2025
FTLS First Trust Long/Short Equity ETF	5.21%	0.67%
ATTR Arin Tactical Tail Risk ETF	4.37%	0.58%

Correlation

The correlation between FTLS and ATTR is 0.62, 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	0.62

Return for Risk

FTLS vs. ATTR — Risk / Return Rank

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

FTLS

FTLS Risk / Return Rank: 60
FTLS Sharpe Ratio Rank: 52
FTLS Sortino Ratio Rank: 54
FTLS Omega Ratio Rank: 52
FTLS Calmar Ratio Rank: 77
FTLS Martin Ratio Rank: 67

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.

FTLS vs. ATTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Long/Short Equity ETF (FTLS) 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.

	FTLS	ATTR	Difference
Sharpe ratio Return per unit of total volatility	1.81	—	—
Sortino ratio Return per unit of downside risk	2.64	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	3.96	—	—
Martin ratio Return relative to average drawdown	12.34	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FTLS	ATTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	—	—
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	0.81	2.91	-2.10

Drawdowns

FTLS vs. ATTR - Drawdown Comparison

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

Drawdown Indicators

	FTLS	ATTR	Difference
Max Drawdown Largest peak-to-trough decline	-20.54%	-1.76%	-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	-0.15%	-0.07%	-0.08%
Average Drawdown Average peak-to-trough decline	-2.69%	-0.18%	-2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.21%	—	—

Volatility

Volatility by Period

	FTLS	ATTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.19%	2.98%	+5.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.55%	2.98%	+7.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.30%	2.98%	+8.32%

FTLS vs. ATTR - Expense Ratio Comparison

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

Dividends

FTLS vs. ATTR - Dividend Comparison

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

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 FTLS and ATTR in my portfolio?

FTLS and ATTR have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTLS 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, FTLS or ATTR?

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

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

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

What is the main difference between FTLS and ATTR?

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