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NLSIvsFVCETF 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

FVC

First Trust Dorsey Wright Dynamic Focus 5 ETF

This fund is part of

US Multi-Factor

-0.62%

Full FVC fund page

NEOS Long/Short Equity Income ETF (NLSI) belongs to the Alternatives segment. First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is part of the US Multi-Factor segment. NLSI's top 3 sector exposures are Technology, Energy and Healthcare. In contrast, FVC's top sector exposures are Energy, Technology and Healthcare. NLSI is more expensive with a Total Expense Ratio (TER) of 2.89%, versus 0.87% for FVC. NLSI is up 4.89% year-to-date (YTD) with -$2M in YTD flows. FVC performs better with 11.45% YTD performance, and -$12M in YTD flows. Run a side-by-side ETF comparison of NLSI and FVC 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 FVC 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 FVC	+5.01%-2.79%	+13.91%+9.47%	+4.89%+11.45%	n/a+15.81%	n/a+23.64%	n/a+24.06%
Flows	NLSI FVC	-$2M-$2M	+$978K-$4M	-$2M-$12M	--$24M	--$167M	--$120M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	NLSI FVC	+20.42%+21.06%	n/a+15.76%	n/a+15.43%	n/a+16.12%
Max drawdown	NLSI FVC	-8.03%-7.36%	n/a-13.45%	n/a-14.34%	n/a-22.59%
Max drawdown duration	NLSI FVC	46d16d	n/a96d	n/a397d	n/a1102d

Trading data

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	NLSI	FVC
Last sale 7/17/2026 at 1:30 PM		$40.21
Previous close 07/16/2026		$40.50
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	FVC
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	FVC
Last price	–	$40.21
1D performance	–	-0.73%
AuM	$3.13 M	$105.38 M
E/R	2.89%	0.87%

Characteristics

	NLSI	FVC
Management strategy	Active	Passive
Provider	NEOS Investment Management	First Trust
Benchmark	-	Dorsey Wright Dynamic Focus Five Index
N° of holdings	60	156
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	December 10, 2025	March 17, 2016
ESG	No	No

More NLSI data on Trackinsight

More FVC data on Trackinsight

Exposure

Countries

NLSI

USA

63.6%

Other

36.4%

FVC

USA

95.35%

Other

4.65%

Sectors

NLSI

Technology

40.06%

Energy

20.08%

Healthcare

17.79%

Business Services

7.23%

Finance

7.14%

Other

7.7%

FVC

Energy

34.59%

Technology

22.21%

Healthcare

20.21%

Industrials

14.9%

Other

8.1%

Diversification

NLSI

Total weight of top 15 holdings out of 15

72.85%

FVC

Total weight of top 15 holdings out of 15

26.09%

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%

FVC

Micron Technology, Inc.

2.64%

Intel Corp.

2.52%

Ford Motor Co.

1.84%

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 FVC

How have the NLSI and FVC ETFs performed in 2026?

As of July 17, 2026, NLSI is up 4.89% year-to-date (YTD), while FVC has returned 11.45%. That puts FVC better performer ahead so far this year.

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

Year-to-date, the NLSI ETF saw -$2M in flows, compared to -$12M for FVC.

Which ETF is bigger: NLSI or FVC?

As of July 17, 2026, NLSI holds $3.13 M in assets under management (AUM), while FVC manages $105.38 M.

What sectors do the NLSI and FVC ETFs invest in?

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

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

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

NLSIvsFVCETF Comparison

NEOS Long/Short Equity Income ETF

First Trust Dorsey Wright Dynamic Focus 5 ETF

NLSI vs FVC 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 FVC ETFs performed in 2026?

As of July 17, 2026, NLSI is up 4.89% year-to-date (YTD), while FVC has returned 11.45%. That puts FVC better performer ahead so far this year.

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

Year-to-date, the NLSI ETF saw -$2M in flows, compared to -$12M for FVC.

Which ETF is bigger: NLSI or FVC?

As of July 17, 2026, NLSI holds $3.13 M in assets under management (AUM), while FVC manages $105.38 M.

What sectors do the NLSI and FVC ETFs invest in?

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

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

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

Which ETF is more diversified: NLSI or FVC?

NLSI holds 60 securities with 72.85% of its assets in the top 15. FVC has 156 securities and a top 15 weight of 26.09%.

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