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.
Key characteristics
| FTLS | DGRO | |
|---|---|---|
| YTD Return | 7.17% | 5.25% |
| 1Y Return | 18.92% | 14.54% |
| 3Y Return (Ann) | 9.48% | 6.61% |
| 5Y Return (Ann) | 9.41% | 10.95% |
| Sharpe Ratio | 2.15 | 1.57 |
| Daily Std Dev | 9.38% | 10.11% |
| Max Drawdown | -20.53% | -35.10% |
| Current Drawdown | -2.42% | -2.96% |
Correlation
The correlation between FTLS and DGRO is 0.77, 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.
Performance
FTLS vs. DGRO - Performance Comparison
In the year-to-date period, FTLS achieves a 7.17% return, which is significantly higher than DGRO's 5.25% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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 1.39%, less than DGRO's 2.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTLS First Trust Long/Short Equity ETF | 1.39% | 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 | 2.36% | 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
First Trust Long/Short Equity ETF (FTLS) has a higher volatility of 3.24% compared to iShares Core Dividend Growth ETF (DGRO) at 2.81%. This indicates that FTLS's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.