FTLS vs. FDLO
Compare and contrast key facts about First Trust Long/Short Equity ETF (FTLS) and Fidelity Low Volatility Factor ETF (FDLO).
FTLS and FDLO 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. FDLO is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Low Volatility Factor Index. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTLS or FDLO.
Correlation
The correlation between FTLS and FDLO 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.
Performance
FTLS vs. FDLO - Performance Comparison
Key characteristics
FTLS:
1.97
FDLO:
2.04
FTLS:
2.66
FDLO:
2.72
FTLS:
1.36
FDLO:
1.39
FTLS:
4.50
FDLO:
4.05
FTLS:
14.83
FDLO:
12.69
FTLS:
1.35%
FDLO:
1.44%
FTLS:
10.16%
FDLO:
8.96%
FTLS:
-20.53%
FDLO:
-34.35%
FTLS:
-1.14%
FDLO:
-2.58%
Returns By Period
In the year-to-date period, FTLS achieves a 20.81% return, which is significantly higher than FDLO's 17.29% return.
FTLS
20.81%
2.40%
7.33%
19.97%
10.26%
8.72%
FDLO
17.29%
-0.85%
7.37%
17.98%
11.30%
N/A
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FTLS vs. FDLO - Expense Ratio Comparison
FTLS has a 1.60% expense ratio, which is higher than FDLO's 0.29% expense ratio.
Risk-Adjusted Performance
FTLS vs. FDLO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Long/Short Equity ETF (FTLS) and Fidelity Low Volatility Factor ETF (FDLO). 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. FDLO - Dividend Comparison
FTLS's dividend yield for the trailing twelve months is around 1.48%, more than FDLO's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTLS First Trust Long/Short Equity ETF | 1.48% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% | 0.51% |
FDLO Fidelity Low Volatility Factor ETF | 1.39% | 1.35% | 1.49% | 1.11% | 1.38% | 1.55% | 1.76% | 1.61% | 0.55% | 0.00% | 0.00% |
Drawdowns
FTLS vs. FDLO - Drawdown Comparison
The maximum FTLS drawdown since its inception was -20.53%, smaller than the maximum FDLO drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for FTLS and FDLO. For additional features, visit the drawdowns tool.
Volatility
FTLS vs. FDLO - Volatility Comparison
First Trust Long/Short Equity ETF (FTLS) has a higher volatility of 3.76% compared to Fidelity Low Volatility Factor ETF (FDLO) at 2.93%. This indicates that FTLS's price experiences larger fluctuations and is considered to be riskier than FDLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.