FTLS vs. DGRO
Compare and contrast key facts about First Trust Long/Short Equity ETF (FTLS) and iShares Core Dividend Growth ETF (DGRO).
FTLS and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTLS is an actively managed fund by First Trust. It was launched on Sep 9, 2014. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTLS or DGRO.
Performance
FTLS vs. DGRO - Performance Comparison
Returns By Period
In the year-to-date period, FTLS achieves a 17.90% return, which is significantly lower than DGRO's 20.51% return. Over the past 10 years, FTLS has underperformed DGRO with an annualized return of 8.67%, while DGRO has yielded a comparatively higher 11.82% annualized return.
FTLS
17.90%
1.17%
9.03%
20.51%
10.31%
8.67%
DGRO
20.51%
0.76%
12.23%
27.58%
12.00%
11.82%
Key characteristics
| FTLS | DGRO | |
|---|---|---|
| Sharpe Ratio | 2.22 | 2.92 |
| Sortino Ratio | 3.12 | 4.12 |
| Omega Ratio | 1.40 | 1.54 |
| Calmar Ratio | 4.83 | 5.76 |
| Martin Ratio | 16.39 | 19.22 |
| Ulcer Index | 1.31% | 1.46% |
| Daily Std Dev | 9.65% | 9.61% |
| Max Drawdown | -20.53% | -35.10% |
| Current Drawdown | -0.08% | -0.65% |
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FTLS vs. DGRO - Expense Ratio Comparison
FTLS has a 1.60% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Correlation
The correlation between FTLS and DGRO is 0.76, 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.
Risk-Adjusted Performance
FTLS vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Long/Short Equity ETF (FTLS) and iShares Core Dividend Growth ETF (DGRO). 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
FTLS vs. DGRO - Dividend Comparison
FTLS's dividend yield for the trailing twelve months is around 1.52%, less than DGRO's 2.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTLS First Trust Long/Short Equity ETF | 1.52% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% | 0.51% |
DGRO iShares Core Dividend Growth ETF | 2.16% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
Drawdowns
FTLS vs. DGRO - Drawdown Comparison
The maximum FTLS drawdown since its inception was -20.53%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for FTLS and DGRO. For additional features, visit the drawdowns tool.
Volatility
FTLS vs. DGRO - Volatility Comparison
The current volatility for First Trust Long/Short Equity ETF (FTLS) is 2.39%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 3.40%. This indicates that FTLS experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.