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ETFs

First Trust Long/Short Equity ETF

FTLS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 08 2014
Expense Ratio
1.36%
Type
Global Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$3,637,731
AUM
$663,558,102
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
US Dollar
33.26%
n/a
Derivatives offset
9.51%
AAPL
Apple Inc
3.62%
MSFT
Microsoft Corporation
3.33%
AVGO
Broadcom Inc
2.75%
SYF
Synchrony Financial
2.41%
MO
Altria Group Inc.
2.36%
TMUS
T-Mobile US Inc
2.35%
RIO
Rio Tinto plc - ADR
2.34%
ELV
Elevance Health Inc
2.33%
Invest with FTLS

What is FTLS?

The Funds investment objective is to seek to provide investors with long term total return. The Fund intends to pursue its investment objective by establishing long and short positions in a portfolio of Equity Securities. The fund will seek to systematically provide long exposure to high quality earnings stocks and short exposure to lower quality earnings stocks. The fund may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. These futures contracts will be used to gain long or short exposure to broad based equity indexes.

ETFs related toFTLS

ETFs correlated to FTLS include GAPR, DTD, DLN

FTLS
First Trust Exchange-Traded Fund III - First Trust Long/Short Equity ETF
GAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - April
DTD
WisdomTree Trust - WisdomTree U.S. Total Dividend Fund
DLN
WisdomTree Trust - WisdomTree U.S. LargeCap Dividend Fund
FDVV
Fidelity Covington Trust - Fidelity High Dividend ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFTLS

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with FTLS using Composer

FAQ

FTLS is a Global Equities ETF. The Funds investment objective is to seek to provide investors with long term total return. The Fund intends to pursue its investment objective by establishing long and short positions in a portfolio of Equity Securities. The fund will seek to systematically provide long exposure to high quality earnings stocks and short exposure to lower quality earnings stocks. The fund may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. These futures contracts will be used to gain long or short exposure to broad based equity indexes.

Yes, FTLS is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FTLS is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FTLS is -0.0058%. This is the percent change in the value of FTLS over the most recent 1-month period. The 3-month return on FTLS is 0.0347%. This is the percent change in the value of FTLS over the most recent 3-month period.

The standard deviation of FTLS for the past year is 0.1127%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FTLS include IAPR, MOTI, and RYJ.

ETFs correlated to FTLS include GAPR, DTD, and DLN.

ETFs that are inversely correlated to FTLS include DOG, SDOW, and SDS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.