JDIEX vs. FTLS
Compare and contrast key facts about Easterly Hedged Equity Fund (JDIEX) and First Trust Long/Short Equity ETF (FTLS).
JDIEX is managed by James Alpha Advisors. It was launched on Jul 30, 2015. FTLS is an actively managed fund by First Trust. It was launched on Sep 9, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JDIEX or FTLS.
Correlation
The correlation between JDIEX and FTLS is 0.87, 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
JDIEX vs. FTLS - Performance Comparison
Key characteristics
JDIEX:
0.88
FTLS:
0.65
JDIEX:
1.27
FTLS:
0.95
JDIEX:
1.21
FTLS:
1.13
JDIEX:
1.04
FTLS:
0.65
JDIEX:
5.15
FTLS:
2.39
JDIEX:
2.14%
FTLS:
3.20%
JDIEX:
12.57%
FTLS:
11.62%
JDIEX:
-17.63%
FTLS:
-20.53%
JDIEX:
-2.92%
FTLS:
-6.26%
Returns By Period
In the year-to-date period, JDIEX achieves a -0.67% return, which is significantly higher than FTLS's -2.90% return.
JDIEX
-0.67%
-0.45%
1.70%
12.15%
9.26%
N/A
FTLS
-2.90%
-0.41%
0.56%
9.08%
10.98%
7.74%
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JDIEX vs. FTLS - Expense Ratio Comparison
JDIEX has a 1.26% expense ratio, which is lower than FTLS's 1.60% expense ratio.
Risk-Adjusted Performance
JDIEX vs. FTLS — Risk-Adjusted Performance Rank
JDIEX
FTLS
JDIEX vs. FTLS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Easterly Hedged Equity Fund (JDIEX) and First Trust Long/Short Equity ETF (FTLS). 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
JDIEX vs. FTLS - Dividend Comparison
JDIEX's dividend yield for the trailing twelve months is around 0.10%, less than FTLS's 1.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JDIEX Easterly Hedged Equity Fund | 0.10% | 0.10% | 0.00% | 0.00% | 10.68% | 7.64% | 0.00% | 3.58% | 2.57% | 0.11% | 0.40% | 0.00% |
FTLS First Trust Long/Short Equity ETF | 1.59% | 1.50% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% | 0.51% |
Drawdowns
JDIEX vs. FTLS - Drawdown Comparison
The maximum JDIEX drawdown since its inception was -17.63%, smaller than the maximum FTLS drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for JDIEX and FTLS. For additional features, visit the drawdowns tool.
Volatility
JDIEX vs. FTLS - Volatility Comparison
Easterly Hedged Equity Fund (JDIEX) has a higher volatility of 9.72% compared to First Trust Long/Short Equity ETF (FTLS) at 6.83%. This indicates that JDIEX's price experiences larger fluctuations and is considered to be riskier than FTLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.