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NLSIvsFVETF 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

FV

First Trust Dorsey Wright Focus 5 ETF

This fund is part of

US Multi-Factor

-0.62%

Full FV fund page

NEOS Long/Short Equity Income ETF (NLSI) belongs to the Alternatives segment. First Trust Dorsey Wright Focus 5 ETF (FV) is part of the US Multi-Factor segment. NLSI's top 3 sector exposures are Technology, Energy and Healthcare. In contrast, FV's top sector exposures are Energy, Technology and Healthcare. NLSI is more expensive with a Total Expense Ratio (TER) of 2.89%, versus 0.89% for FV. NLSI is up 4.89% year-to-date (YTD) with -$2M in YTD flows. FV performs better with 11.85% YTD performance, and -$351M in YTD flows. Run a side-by-side ETF comparison of NLSI and FV 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 FV 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 FV	+5.01%-2.79%	+13.91%+9.48%	+4.89%+11.85%	n/a+18.80%	n/a+47.36%	n/a+58.87%
Flows	NLSI FV	-$2M-$7M	+$978K-$98M	-$2M-$351M	--$577M	--$1.07B	--$406M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	NLSI FV	+20.42%+21.07%	n/a+17.33%	n/a+19.63%	n/a+20.89%
Max drawdown	NLSI FV	-8.03%-7.36%	n/a-13.46%	n/a-22.88%	n/a-22.88%
Max drawdown duration	NLSI FV	46d16d	n/a96d	n/a248d	n/a248d

Trading data

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	NLSI	FV
Last sale 7/17/2026 at 1:30 PM		$69.68
Previous close 07/16/2026		$70.22
Consolidated volume 07/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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NLSI

is actively managed and doesn’t replicate an index

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	NLSI	FV
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

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

Live

Closed

	NLSI	FV
Last price	–	$69.68
1D performance	–	-0.77%
AuM	$3.13 M	$3.65 B
E/R	2.89%	0.89%

Characteristics

	NLSI	FV
Management strategy	Active	Passive
Provider	NEOS Investment Management	First Trust
Benchmark	-	Dorsey Wright Focus Five Index
N° of holdings	60	156
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	December 10, 2025	March 5, 2014
ESG	No	No

More NLSI data on Trackinsight

More FV data on Trackinsight

Exposure

Countries

NLSI

USA

63.6%

Other

36.4%

FV

USA

95.37%

Other

4.63%

Sectors

NLSI

Technology

40.06%

Energy

20.08%

Healthcare

17.79%

Business Services

7.23%

Finance

7.14%

Other

7.7%

FV

Energy

34.59%

Technology

22.22%

Healthcare

20.21%

Industrials

14.9%

Other

8.08%

Diversification

NLSI

Total weight of top 15 holdings out of 15

72.85%

FV

Total weight of top 15 holdings out of 15

26.1%

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%

FV

Micron Technology, Inc.

2.64%

Intel Corp.

2.52%

Ford Motor Co.

1.85%

ConocoPhillips

1.78%

QUALCOMM, Inc.

1.69%

EOG Resources, Inc.

1.68%

Chevron Corp.

1.66%

General Motors Co.

1.64%

Exxon Mobil Corp.

1.63%

Tesla, Inc.

1.62%

Union Pacific Corp.

1.56%

Broadcom Inc.

1.51%

Devon Energy Corp.

1.50%

Marvell Technology, Inc.

1.41%

Occidental Petroleum Corp.

1.40%

Frequently asked questions about NLSI and FV

How have the NLSI and FV ETFs performed in 2026?

As of July 17, 2026, NLSI is up 4.89% year-to-date (YTD), while FV has returned 11.85%. That puts FV better performer ahead so far this year.

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

Year-to-date, the NLSI ETF saw -$2M in flows, compared to -$351M for FV.

Which ETF is bigger: NLSI or FV?

As of July 17, 2026, NLSI holds $3.13 M in assets under management (AUM), while FV manages $3.65 B.

What sectors do the NLSI and FV ETFs invest in?

NLSI leans toward sectors like Technology, Energy and Healthcare. Meanwhile, FV focuses on Energy, Technology and Healthcare.

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

NLSI top holdings include Micron Technology, Inc., Centene Corp. and F5, Inc.. FV holds in its top three: Micron Technology, Inc., Intel Corp. and Ford Motor Co..

NLSIvsFVETF Comparison

NEOS Long/Short Equity Income ETF

First Trust Dorsey Wright Focus 5 ETF

NLSI vs FV 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 FV ETFs performed in 2026?

As of July 17, 2026, NLSI is up 4.89% year-to-date (YTD), while FV has returned 11.85%. That puts FV better performer ahead so far this year.

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

Year-to-date, the NLSI ETF saw -$2M in flows, compared to -$351M for FV.

Which ETF is bigger: NLSI or FV?

As of July 17, 2026, NLSI holds $3.13 M in assets under management (AUM), while FV manages $3.65 B.

What sectors do the NLSI and FV ETFs invest in?

NLSI leans toward sectors like Technology, Energy and Healthcare. Meanwhile, FV focuses on Energy, Technology and Healthcare.

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

NLSI top holdings include Micron Technology, Inc., Centene Corp. and F5, Inc.. FV holds in its top three: Micron Technology, Inc., Intel Corp. and Ford Motor Co..

Which ETF is more diversified: NLSI or FV?

NLSI holds 60 securities with 72.85% of its assets in the top 15. FV has 156 securities and a top 15 weight of 26.1%.

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