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NLSIvsFTLSETF Comparison

ETF 1

NLSI

NEOS Long/Short Equity Income ETF

This fund is part of

Alternatives

-0.45%

Full NLSI fund page

VS

ETF 2

FTLS

First Trust Long/Short Equity ETF

This fund is part of

Alternatives

-0.45%

Full FTLS fund page

NEOS Long/Short Equity Income ETF (NLSI) and First Trust Long/Short Equity ETF (FTLS) belong to the same industry segment: Alternatives. NLSI's top 3 sector exposures are Technology, Energy and Healthcare. In contrast, FTLS's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. NLSI is more expensive with a Total Expense Ratio (TER) of 2.89%, versus 1.38% for FTLS. NLSI is up 4.89% year-to-date (YTD) with -$2M in YTD flows. FTLS performs better with 5.44% YTD performance, and +$182M in YTD flows. Run a side-by-side ETF comparison of NLSI and FTLS 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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NLSI vs FTLS performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	NLSI FTLS	+5.01%+0.16%	+13.91%+3.86%	+4.89%+5.44%	n/a+14.40%	n/a+46.12%	n/a+63.84%
Flows	NLSI FTLS	-$2M+$81M	+$978K+$140M	-$2M+$182M	-+$194M	-+$1.24B	-+$1.53B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	NLSI FTLS	+20.42%+6.60%	n/a+7.52%	n/a+8.74%	n/a+9.54%
Max drawdown	NLSI FTLS	-8.03%-2.43%	n/a-3.80%	n/a-11.43%	n/a-11.43%
Max drawdown duration	NLSI FTLS	46d35d	n/a65d	n/a214d	n/a214d

Trading data

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	NLSI	FTLS
Last sale 7/17/2026 at 1:30 PM		$74.70
Previous close 07/16/2026		$74.54
Consolidated volume 07/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 7/17/2026 at 1:30 PM

Live

Closed

	NLSI	FTLS
Last price	–	$74.70
1D performance	–	+0.21%
AuM	$3.13 M	$2.45 B
E/R	2.89%	1.38%

Characteristics

	NLSI	FTLS
Management strategy	Active	Active
Provider	NEOS Investment Management	First Trust
Benchmark	-	-
N° of holdings	60	1403
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	December 10, 2025	September 8, 2014
ESG	No	No

More NLSI data on Trackinsight

More FTLS data on Trackinsight

Exposure

Countries

NLSI

USA

63.6%

Other

36.4%

FTLS

USA

66.51%

Other

33.49%

Sectors

NLSI

Technology

40.06%

Energy

20.08%

Healthcare

17.79%

Business Services

7.23%

Finance

7.14%

Other

7.7%

FTLS

Technology

30.35%

Finance

16.5%

Consumer Non-Cycl.

7.92%

Other

45.23%

Diversification

NLSI

Total weight of top 15 holdings out of 15

72.85%

FTLS

Total weight of top 15 holdings out of 15

40.6%

Top 15 holdings

Data as of May 31, 2026

NLSI

Micron Technology, Inc.

13.85%

Centene Corp.

6.25%

F5, Inc.

4.67%

NXP Semiconductors NV

4.48%

Amphenol Corp.

4.37%

Insulet Corp.

4.05%

Las Vegas Sands Corp.

4.04%

Super Micro Computer, Inc.

4.01%

DexCom, Inc.

3.99%

GoDaddy, Inc.

3.96%

Broadridge Financial Solutions, Inc.

3.95%

Tyler Technologies, Inc.

3.86%

Willis Towers Watson Plc

3.84%

Marathon Petroleum Corp.

3.81%

General Dynamics Corp.

3.72%

FTLS

Apple, Inc.

6.64%

NVIDIA Corp.

3.87%

Microsoft Corp.

3.63%

Sandisk Corp.

2.77%

ASML Holding NV

2.64%

Alphabet, Inc.

2.64%

QUALCOMM, Inc.

2.59%

JPMorgan Chase & Co.

2.32%

Bank of America Corp.

2.29%

Berkshire Hathaway, Inc.

2.10%

Citigroup, Inc.

1.97%

Broadcom Inc.

1.93%

Costco Wholesale Corp.

1.83%

Amazon.com, Inc.

1.77%

Chevron Corp.

1.61%

Frequently asked questions about NLSI and FTLS

How have the NLSI and FTLS ETFs performed in 2026?

As of July 17, 2026, NLSI is up 4.89% year-to-date (YTD), while FTLS has returned 5.44%. That puts FTLS better performer ahead so far this year.

Which ETF is attracting more investor money: NLSI or FTLS?

Year-to-date, the NLSI ETF saw -$2M in flows, compared to +$182M for FTLS.

Which ETF is bigger: NLSI or FTLS?

As of July 17, 2026, NLSI holds $3.13 M in assets under management (AUM), while FTLS manages $2.45 B.

What sectors do the NLSI and FTLS ETFs invest in?

NLSI leans toward sectors like Technology, Energy and Healthcare. Meanwhile, FTLS focuses on Technology, Finance and Consumer Non-Cyclicals.

What are the top holdings of the NLSI ETF and FTLS ETF?

NLSI top holdings include Micron Technology, Inc., Centene Corp. and F5, Inc.. FTLS holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

NLSIvsFTLSETF Comparison

NEOS Long/Short Equity Income ETF

First Trust Long/Short Equity ETF

NLSI vs FTLS performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the NLSI and FTLS ETFs performed in 2026?

As of July 17, 2026, NLSI is up 4.89% year-to-date (YTD), while FTLS has returned 5.44%. That puts FTLS better performer ahead so far this year.

Which ETF is attracting more investor money: NLSI or FTLS?

Year-to-date, the NLSI ETF saw -$2M in flows, compared to +$182M for FTLS.

Which ETF is bigger: NLSI or FTLS?

As of July 17, 2026, NLSI holds $3.13 M in assets under management (AUM), while FTLS manages $2.45 B.

What sectors do the NLSI and FTLS ETFs invest in?

NLSI leans toward sectors like Technology, Energy and Healthcare. Meanwhile, FTLS focuses on Technology, Finance and Consumer Non-Cyclicals.

What are the top holdings of the NLSI ETF and FTLS ETF?

NLSI top holdings include Micron Technology, Inc., Centene Corp. and F5, Inc.. FTLS holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

Which ETF is more diversified: NLSI or FTLS?

NLSI holds 60 securities with 72.85% of its assets in the top 15. FTLS has 1416 securities and a top 15 weight of 40.6%.

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