FTLS vs. WTIP

Last updated Jun 3, 2026

FTLS (First Trust Long/Short Equity ETF) and WTIP (WisdomTree Inflation Plus Fund) are both Long-Short funds. Both are actively managed. At a 0.06 correlation, their price movements are largely independent. FTLS charges 1.60%/yr vs 0.65%/yr for WTIP.

Performance

FTLS vs. WTIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Long/Short Equity ETF (FTLS) and WisdomTree Inflation Plus Fund (WTIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTLS achieves a 5.21% return, which is significantly lower than WTIP's 15.11% return.

FTLS

• 1D: 0.67%
• 1M: 1.31%
• YTD: 5.21%
• 6M: 4.51%
• 1Y: 14.78%
• 3Y*: 14.27%
• 5Y*: 10.33%
• 10Y*: 9.81%

WTIP

• 1D: -0.32%
• 1M: -2.48%
• YTD: 15.11%
• 6M: 17.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTLS vs. WTIP - Yearly Performance Comparison

	2026 (YTD)	2025
FTLS First Trust Long/Short Equity ETF	5.21%	10.17%
WTIP WisdomTree Inflation Plus Fund	15.11%	14.00%

Correlation

The correlation between FTLS and WTIP is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.06

Return for Risk

FTLS vs. WTIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTLS

FTLS Risk / Return Rank: 60
FTLS Sharpe Ratio Rank: 52
FTLS Sortino Ratio Rank: 54
FTLS Omega Ratio Rank: 52
FTLS Calmar Ratio Rank: 77
FTLS Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTLS vs. WTIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Long/Short Equity ETF (FTLS) and WisdomTree Inflation Plus Fund (WTIP). 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.

	FTLS	WTIP	Difference
Sharpe ratio Return per unit of total volatility	1.81	—	—
Sortino ratio Return per unit of downside risk	2.64	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	3.96	—	—
Martin ratio Return relative to average drawdown	12.34	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FTLS	WTIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	1.95	-1.14

Drawdowns

FTLS vs. WTIP - Drawdown Comparison

The maximum FTLS drawdown since its inception was -20.54%, which is greater than WTIP's maximum drawdown of -7.74%. Use the drawdown chart below to compare losses from any high point for FTLS and WTIP.

Drawdown Indicators

	FTLS	WTIP	Difference
Max Drawdown Largest peak-to-trough decline	-20.54%	-7.74%	-12.80%
Max Drawdown (1Y) Largest decline over 1 year	-3.79%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.69%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-20.54%	—	—
Current Drawdown Current decline from peak	-0.15%	-7.73%	+7.58%
Average Drawdown Average peak-to-trough decline	-2.69%	-1.36%	-1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.21%	—	—

Volatility

Volatility by Period

	FTLS	WTIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.19%	17.07%	-8.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.55%	17.07%	-6.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.30%	17.07%	-5.77%

FTLS vs. WTIP - Expense Ratio Comparison

FTLS has a 1.60% expense ratio, which is higher than WTIP's 0.65% expense ratio.

Dividends

FTLS vs. WTIP - Dividend Comparison

FTLS's dividend yield for the trailing twelve months is around 0.90%, less than WTIP's 2.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTLS First Trust Long/Short Equity ETF	0.90%	1.07%	1.50%	1.49%	0.81%	0.01%	0.44%	0.83%	0.87%	0.43%	1.04%	0.49%
WTIP WisdomTree Inflation Plus Fund	2.78%	1.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTLS and WTIP in my portfolio?

FTLS and WTIP have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTLS or WTIP?

On fees, WTIP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTLS or WTIP?

WTIP is cheaper with a 0.65% expense ratio, compared with 1.60% for FTLS.

Which ETF pays a higher dividend yield, FTLS or WTIP?

WTIP has the higher dividend yield at 2.78%, compared with 0.90% for FTLS.

What is the main difference between FTLS and WTIP?

They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 1.60% for FTLS and 0.65% for WTIP.