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First Trust Long/Short Equity ETF

FTLS
$
Today’s Change
()

Snapshot
*

Inception Date
Sep 8, 2014
Expense Ratio
1.36%
Type
Global Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$3,154,577
AUM
$724,593,105
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

US Dollar
35.4%
Derivatives offset
7.79%
AAPL
Apple Inc
5.49%
MSFT
Microsoft Corporation
3.65%
MGC
Vanguard Group, Inc. - Vanguard Mega Cap 300 Index ETF
2.81%
NVDA
NVIDIA Corp
2.52%
SPOT
Spotify Technology S.A.
2.32%
TMUS
T-Mobile US Inc
2.07%
TEAM
Atlassian Corporation - Ordinary Shares - Class A
2%
SYF
Synchrony Financial
1.96%

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.

1M
3M
6M
YTD
1Y
3Y
Max

FTLS
Performance Measures**

for the time period Sep 9, 2014 to Dec 16, 2025

Returns

1M Trailing Return: 0.5%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 3.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -29.3%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 40.2%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.41

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.30

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFTLS

ETFs correlated to FTLS include FLQL, XLSR, SPHQ

FTLS
First Trust Exchange-Traded Fund III - First Trust Long/Short Equity ETF
FLQL
Franklin Templeton ETF Trust - Franklin U.S. Large Cap Multifactor Index ETF
XLSR
SSgA Active Trust - SPDR SSGA U.S. Sector Rotation ETF
SPHQ
Invesco Capital Management LLC - Invesco S&P 500 Quality ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
CGDV
Capital Group Companies Inc - Capital Group Dividend Value ETF
CGUS
Capital Group Companies Inc - Capital Group Core Equity ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
IUS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco RAFI Strategic US 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.

Trading Strategies
Related toFTLS

SVIX/XXXX KMLM switcher (single pops)| BT 12/19/23 = 786/10.5

Category

Tactical allocation, volatility trading, leveraged ETFs, mean reversion, momentum (RSI), managed futures, long/short rotation

OOS Cumulative Return

496.87%

KMLM Switcher in Not Today Satan Framework (w/ Pops)| BT 4/13/22 = AR 323% / StdDev 46.3 /DD 15.3%

Category

Tactical allocation, regime switching, momentum/RSI, volatility trading, leveraged ETFs, managed futures, credit/interest-rate signals, hedging

OOS Cumulative Return

233.88%

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 0.0026%. This is the percent change in the value of FTLS over the most recent 1-month period. The 3-month return on FTLS is 0.0235%. 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 0.1049%. 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 QQH, RODM, and MOTI.

ETFs correlated to FTLS include FLQL, XLSR, and SPHQ.

ETFs that are inversely correlated to FTLS include SPDN, SDS, and SPXU.

Disclaimers

*

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.