FTLSvsHYLSETF Comparison
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First Trust Long/Short Equity ETF (FTLS) and First Trust Tactical High Yield ETF (HYLS) belong to the same industry segment: Alternatives. FTLS is more expensive with a Total Expense Ratio (TER) of 1.38%, versus 0.69% for HYLS. FTLS is up 8.97% year-to-date (YTD) with +$312M in YTD flows. HYLS performs worse with 1.94% YTD performance, and -$77M in YTD flows. Run a side-by-side ETF comparison of FTLS and HYLS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FTLS vs HYLS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTLS HYLS | +0.39%+1.47% | +3.68%-0.76% | +8.97%+1.94% | +9.13%+2.26% | +52.19%+21.78% | +62.80%+9.95% |
| Flows | FTLS HYLS | +$85M+$20M | +$123M+$20M | +$312M-$77M | +$397M-$60M | +$1.35B+$201M | +$1.62B-$324M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTLS HYLS | +6.14%+3.25% | +7.13%+3.13% | +8.67%+3.55% | +9.40%+5.19% |
| Max drawdown | FTLS HYLS | -1.81%-3.27% | -3.80%-3.27% | -11.43%-3.27% | -11.43%-16.13% |
| Max drawdown duration | FTLS HYLS | 16d74d | 65d74d | 214d74d | 214d1066d |
Trading data
FTLS | HYLS | |
Last sale 11/2/2026 at 2:30 PM | $75.66 | $39.66 |
| Previous close 10/30/2026 | $76.42 | $39.74 |
| Consolidated volume 10/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 11/2/2026 at 2:30 PM
Live
Closed
FTLS | HYLS | |
|---|---|---|
| Last price | $75.66 | $39.66 |
| 1D performance | -0.99% | -0.20% |
| AuM | $2.66 B | $1.61 B |
| E/R | 1.38% | 0.69% |
Characteristics
FTLS | HYLS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | First Trust |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 8, 2014 | February 25, 2013 |
| ESG | No | No |
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Exposure
Countries
FTLS
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HYLS
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Sectors
FTLS
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HYLS
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Diversification
FTLS
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HYLS
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Top 15 holdings
Data as of January 1, 1970
FTLS
Data will be available soon
HYLS
Data will be available soon
Frequently asked questions about FTLS and HYLS
How have the FTLS and HYLS ETFs performed in 2026?
As of October 29, 2026, FTLS is up 8.97% year-to-date (YTD), while HYLS has returned 1.94%. That puts FTLS better performer ahead so far this year.
Which ETF is attracting more investor money: FTLS or HYLS?
Year-to-date, the FTLS ETF saw +$312M in flows, compared to -$77M for HYLS.
Which ETF is more volatile: FTLS or HYLS?
Over the past year, FTLS had a volatility of 7.13%, while HYLS experienced 3.13%.
Which ETF is bigger: FTLS or HYLS?
As of October 29, 2026, FTLS holds $2.66 B in assets under management (AUM), while HYLS manages $1.61 B.
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