FTLS vs. FMF
Compare and contrast key facts about First Trust Long/Short Equity ETF (FTLS) and First Trust Managed Futures Strategy Fund (FMF).
FTLS and FMF 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. FMF is an actively managed fund by First Trust. It was launched on Aug 1, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTLS or FMF.
Correlation
The correlation between FTLS and FMF is 0.10, 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. FMF - Performance Comparison
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Key characteristics
FTLS:
0.75
FMF:
-0.27
FTLS:
0.96
FMF:
-0.45
FTLS:
1.13
FMF:
0.95
FTLS:
0.65
FMF:
-0.30
FTLS:
2.21
FMF:
-0.81
FTLS:
3.43%
FMF:
3.65%
FTLS:
11.66%
FMF:
8.10%
FTLS:
-20.53%
FMF:
-22.22%
FTLS:
-4.47%
FMF:
-9.28%
Returns By Period
In the year-to-date period, FTLS achieves a -1.04% return, which is significantly higher than FMF's -4.77% return. Over the past 10 years, FTLS has outperformed FMF with an annualized return of 7.91%, while FMF has yielded a comparatively lower 0.11% annualized return.
FTLS
-1.04%
4.07%
-0.34%
8.72%
10.35%
10.87%
7.91%
FMF
-4.77%
-0.61%
-3.64%
-2.17%
-1.55%
2.88%
0.11%
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FTLS vs. FMF - Expense Ratio Comparison
FTLS has a 1.60% expense ratio, which is higher than FMF's 0.95% expense ratio.
Risk-Adjusted Performance
FTLS vs. FMF — Risk-Adjusted Performance Rank
FTLS
FMF
FTLS vs. FMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Long/Short Equity ETF (FTLS) and First Trust Managed Futures Strategy Fund (FMF). 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. FMF - Dividend Comparison
FTLS's dividend yield for the trailing twelve months is around 1.56%, less than FMF's 4.88% 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% |
FMF First Trust Managed Futures Strategy Fund | 4.88% | 4.84% | 3.09% | 0.41% | 3.29% | 0.02% | 1.05% | 1.56% | 0.82% | 0.00% | 0.00% | 2.43% |
Drawdowns
FTLS vs. FMF - Drawdown Comparison
The maximum FTLS drawdown since its inception was -20.53%, smaller than the maximum FMF drawdown of -22.22%. Use the drawdown chart below to compare losses from any high point for FTLS and FMF. For additional features, visit the drawdowns tool.
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Volatility
FTLS vs. FMF - Volatility Comparison
The current volatility for First Trust Long/Short Equity ETF (FTLS) is 2.34%, while First Trust Managed Futures Strategy Fund (FMF) has a volatility of 2.47%. This indicates that FTLS experiences smaller price fluctuations and is considered to be less risky than FMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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