OPERvsFTLSETF Comparison
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ClearShares Ultra-Short Maturity ETF (OPER) and First Trust Long/Short Equity ETF (FTLS) belong to the same industry segment: Alternatives. OPER is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 1.38% for FTLS. OPER is up 3.01% year-to-date (YTD) with -$3M in YTD flows. FTLS performs better with 9.5% YTD performance, and +$289M in YTD flows. Run a side-by-side ETF comparison of OPER 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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OPER vs FTLS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OPER FTLS | +0.33%+1.75% | +0.97%+3.63% | +3.01%+9.50% | +3.87%+13.00% | +14.49%+49.71% | +21.17%+65.37% |
| Flows | OPER FTLS | +$3M+$77M | +$8M+$107M | -$3M+$289M | +$8M+$398M | -$113M+$1.32B | -$63M+$1.61B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OPER FTLS | +0.14%+5.74% | +0.14%+7.14% | +0.18%+8.66% | +0.19%+9.37% |
| Max drawdown | OPER FTLS | n/a-1.19% | n/a-3.80% | n/a-11.43% | n/a-11.43% |
| Max drawdown duration | OPER FTLS | n/a15d | n/a65d | n/a214d | n/a214d |
Trading data
OPER | FTLS | |
Last sale 10/16/2026 at 1:30 PM | $100.23 | $76.86 |
| Previous close 10/15/2026 | $100.18 | $77.23 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
OPER | FTLS | |
|---|---|---|
| Last price | $100.23 | $76.86 |
| 1D performance | +0.05% | -0.48% |
| AuM | $117.80 M | $2.65 B |
| E/R | 0.2% | 1.38% |
Characteristics
OPER | FTLS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Clear Shares | First Trust |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 11, 2018 | September 8, 2014 |
| ESG | No | No |
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Exposure
Countries
OPER
Data will be available soon
FTLS
Data will be available soon
Sectors
OPER
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FTLS
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Diversification
OPER
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FTLS
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Top 15 holdings
Data as of January 1, 1970
OPER
Data will be available soon
FTLS
Data will be available soon
Frequently asked questions about OPER and FTLS
How have the OPER and FTLS ETFs performed in 2026?
As of October 16, 2026, OPER is up 3.01% year-to-date (YTD), while FTLS has returned 9.5%. That puts FTLS better performer ahead so far this year.
Which ETF is attracting more investor money: OPER or FTLS?
Year-to-date, the OPER ETF saw -$3M in flows, compared to +$289M for FTLS.
Which ETF is more volatile: OPER or FTLS?
Over the past year, OPER had a volatility of 0.14%, while FTLS experienced 7.14%.
Which ETF is bigger: OPER or FTLS?
As of October 16, 2026, OPER holds $117.80 M in assets under management (AUM), while FTLS manages $2.65 B.
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