First TrustLong-Short EquityFTLS · NYSE Arca

First Trust Long/Short Equity ETF (FTLS)

Compare Long-Short Equity ETFs Compare with others

Price: $76.42; —30 Oct 2026
Assets: $2.6B; Total net assets
Expense ratio: 1.38%; Category 2.13%
Yield: 0.87%; Trailing distributions

1Y return: 8.4%-4.7%; Category 13.1%
3Y CAGR: 14.7%-0.6%; Category 15.3%
5Y CAGR: 9.9%+1.6%; Category 8.3%

Loading NAV history…

First Trust Long/Short Equity ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-0.4%	+2.2%	+4.3%	+8.3%	+8.4%	+14.7%	+9.9%	+9.9%	+9.0%
Long-Short Equity average	-1.1%	0.3%	5.1%	12.8%	13.1%	15.3%	8.3%	—	13.6%
Difference	+0.7%	+1.8%	-0.8%	-4.5%	-4.7%	-0.6%	+1.6%	—	-4.6%

Holdings

The 9 largest positions make up 32.4% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
NVDA	NVIDIA Corp	7.33%
AAPL	Apple Inc	6.23%
GOOGL	Alphabet Inc Class A	4.68%
MSFT	Microsoft Corp	4.61%
AMZN	Amazon.com Inc	2.89%
STX	Seagate Technology Holdings PLC	2.51%
ADI	Analog Devices Inc	1.60%
META	Meta Platforms Inc Class A	1.31%
V	Visa Inc Class A	1.25%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 23.6
P/B: 4.6
P/S: 2.6
P/CF: 15.9

Sector allocation

Share of the equity the fund holds.

Technology38.5%
Health care11.0%
Financial services9.9%
Industrials8.9%
Communication services8.5%
Consumer discretionary7.4%
Energy5.4%
Consumer staples3.9%
Materials3.3%
Real estate3.0%
Utilities0.3%

Asset mix

Stocks67.3%
Cash32.7%

ETF details

Issuer: First Trust
Category: Alternatives · Long-Short Equity
Ticker: FTLS
Exchange: NYSE Arca
Inception: 8 Sept 2014 (12.1 years)
Structure: Exchange Traded Fund
Expense ratio: 1.38% (category 2.13%)
Holdings turnover: 245% (category 227%)
Distribution yield: 0.87%
Beta, 3 years: 0.49
Total net assets: $2.6B

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

Other long-short equity ETFs

Other ETFs in the Long-Short Equity category.

Compare Long-Short Equity ETFs