HYLSvsWTLSETF Comparison
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First Trust Tactical High Yield ETF (HYLS) and WisdomTree Efficient Long/Short U.S. Equity Fund (WTLS) belong to the same industry segment: Alternatives. HYLS's top 3 sector exposures are Finance, Business Services and Consumer Services. In contrast, WTLS's top sector exposures are Sovereign. HYLS is less expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.88% for WTLS. Run a side-by-side ETF comparison of HYLS and WTLS 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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HYLS vs WTLS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HYLS WTLS | -1.41%-2.79% | -0.31%+3.05% | +2.08%n/a | +2.86%n/a | +17.56%n/a | +9.43%n/a |
| Flows | HYLS WTLS | -$10M- | -$16M+$5M | -$96M- | +$2M- | +$107M- | -$341M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HYLS WTLS | +2.51%+13.35% | +2.92%n/a | +3.64%n/a | +5.17%n/a |
| Max drawdown | HYLS WTLS | -1.57%-4.77% | -2.22%n/a | -3.61%n/a | -16.13%n/a |
| Max drawdown duration | HYLS WTLS | 31d44d | 84dn/a | 56dn/a | 1066dn/a |
Trading data
HYLS | WTLS | |
Last sale 9/18/2026 at 1:30 PM | $40.18 | $60.83 |
| Previous close 09/17/2026 | $40.25 | $61.07 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
HYLS | WTLS | |
|---|---|---|
| Last price | $40.18 | $60.83 |
| 1D performance | -0.17% | -0.39% |
| AuM | $1.61 B | $17.08 M |
| E/R | 0.69% | 0.88% |
Characteristics
HYLS | WTLS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | WisdomTree |
| Benchmark | - | - |
| N° of holdings | 246 | 2 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 25, 2013 | January 22, 2026 |
| ESG | No | No |
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Exposure
Countries
HYLS
USA
71.69%
Other
28.31%
WTLS
USA
88.34%
Other
11.66%
Sectors
HYLS
Finance
18.7%
Business Services
12.92%
Consumer Services
9.91%
Industrials
9.02%
Other
49.45%
WTLS
Sovereign
88.34%
Other
11.66%
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Diversification
HYLS
Total weight of top 15 holdings out of 15
15.63%
WTLS
Total weight of top 2 holdings out of 2
88.34%
Top 15 holdings
Data as of July 31, 2026
HYLS
Rocket Companies, 6.375% 1aug2033, USD
1.55%
1011778 B.C., 4% 15oct2030, USD
1.47%
United Rentals (North America), 6% 15dec2029, USD
1.27%
Quikrete Holdings, 6.75% 1mar2033, USD
1.08%
Fair Isaac, 6% 15may2033, USD
1.07%
Cloud Software Group, 9% 30sep2029, USD
1.04%
Viking Ocean Cruises Ship VII, 5.625% 15feb2029, USD
1.03%
Builders FirstSource, 6.75% 15may2035, USD
1.02%
EchoStar, 10.75% 30nov2029, USD
1.00%
TransDigm, 6.375% 31may2033, USD
0.93%
Shift4 Payments, 6.75% 15aug2032, USD
0.91%
Alliant Holdings Intermediate, 6.75% 15apr2028, USD
0.90%
Venture Global LNG, 7.75% 1may2035, USD
0.82%
Raven Acquisition Holdings, 6.875% 15nov2031, USD
0.77%
Neptune BidCo US, 9.29% 15apr2029, USD
0.77%
WTLS
USA, Bills 0% 6aug2026, USD (364D)
44.38%
USA, Bills 0% 5nov2026, USD (182D)
43.96%
Frequently asked questions about HYLS and WTLS
Which ETF is bigger: HYLS or WTLS?
As of September 16, 2026, HYLS holds $1.61 B in assets under management (AUM), while WTLS manages $17.08 M.
What sectors do the HYLS and WTLS ETFs invest in?
HYLS leans toward sectors like Finance, Business Services and Consumer Services. Meanwhile, WTLS focuses on Sovereign.
What are the top holdings of the HYLS ETF and WTLS ETF?
HYLS top holdings include Rocket Companies, 6.375% 1aug2033, USD, 1011778 B.C., 4% 15oct2030, USD and United Rentals (North America), 6% 15dec2029, USD. WTLS holds in its top three: USA, Bills 0% 6aug2026, USD (364D) and USA, Bills 0% 5nov2026, USD (182D).
Which ETF is more diversified: HYLS or WTLS?
HYLS holds 247 securities with 15.63% of its assets in the top 15. WTLS has 2 securities.
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