FTLS vs. FLSP
Compare and contrast key facts about First Trust Long/Short Equity ETF (FTLS) and Franklin Liberty Systematic Style Premia ETF (FLSP).
FTLS and FLSP 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. FLSP is an actively managed fund by Franklin Templeton. It was launched on Dec 18, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTLS or FLSP.
Correlation
The correlation between FTLS and FLSP is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FTLS vs. FLSP - Performance Comparison
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Key characteristics
FTLS:
0.75
FLSP:
0.38
FTLS:
0.96
FLSP:
0.63
FTLS:
1.13
FLSP:
1.09
FTLS:
0.65
FLSP:
0.75
FTLS:
2.21
FLSP:
2.20
FTLS:
3.43%
FLSP:
2.28%
FTLS:
11.66%
FLSP:
13.29%
FTLS:
-20.53%
FLSP:
-22.75%
FTLS:
-4.47%
FLSP:
-1.54%
Returns By Period
In the year-to-date period, FTLS achieves a -1.04% return, which is significantly lower than FLSP's 1.46% return.
FTLS
-1.04%
4.07%
-0.34%
8.72%
10.35%
10.87%
7.91%
FLSP
1.46%
1.25%
1.84%
5.06%
4.84%
4.12%
N/A
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FTLS vs. FLSP - Expense Ratio Comparison
FTLS has a 1.60% expense ratio, which is higher than FLSP's 0.65% expense ratio.
Risk-Adjusted Performance
FTLS vs. FLSP — Risk-Adjusted Performance Rank
FTLS
FLSP
FTLS vs. FLSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Long/Short Equity ETF (FTLS) and Franklin Liberty Systematic Style Premia ETF (FLSP). 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.
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Dividends
FTLS vs. FLSP - Dividend Comparison
FTLS's dividend yield for the trailing twelve months is around 1.56%, more than FLSP's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTLS First Trust Long/Short Equity ETF | 1.56% | 1.50% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% | 0.51% |
FLSP Franklin Liberty Systematic Style Premia ETF | 1.17% | 1.18% | 1.19% | 2.18% | 1.20% | 8.08% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTLS vs. FLSP - Drawdown Comparison
The maximum FTLS drawdown since its inception was -20.53%, smaller than the maximum FLSP drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for FTLS and FLSP. For additional features, visit the drawdowns tool.
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Volatility
FTLS vs. FLSP - Volatility Comparison
First Trust Long/Short Equity ETF (FTLS) and Franklin Liberty Systematic Style Premia ETF (FLSP) have volatilities of 2.34% and 2.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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