First Trust Long/Short Equity ETF (FTLS)
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Learn moreETF Summary
Under normal conditions, the fund will expose at least 80% of its net assets (including investment borrowings) to U.S. exchange-listed equity securities and/or U.S. exchange-traded funds ("ETFs") that provide exposure to U.S. exchange-listed equity securities. It pursues its investment objective by establishing long and short positions in its portfolio of U.S. exchange-listed equity securities and ETFs. The fund may invest up to 20% of its net assets (including investment borrowings) in U.S. exchange-listed equity index futures contracts.
Risk Overview
Risk Overview Information Not Available
Performance & Risk
| YTD Return | 8.31% |
| 5y Average Return | 9.92% |
|---|---|
| Rank in Category (ytd) | -- |
| % Rank in Category (ytd) | -- |
| Beta (5Y Monthly) | 0.47 |
| Morningstar Risk Rating | -- |
Risk Statistics
| 3 Years | 5 Years | 10 Years | ||||
|---|---|---|---|---|---|---|
| |
FTLS | Category Average | FTLS | Category Average | FTLS | Category Average |
|
Alpha
|
1.53 | -0.77 | 2.45 | -0.38 | 0.9 | -0.95 |
|
BETA
|
0.47 | 0.54 | 0.48 | 0.52 | 0.5 | 0.54 |
|
Mean Annual Return
|
1.16 | 1.05 | 0.9 | 0.7 | 0.81 | 0.71 |
|
R-squared
|
78.19 | 52.77 | 82.79 | 51.74 | 81.77 | 56.91 |
|
Standard Deviation
|
6.85 | -- | 8.4 | -- | 8.78 | -- |
|
Sharpe Ratio
|
1.37 | 0.79 | 0.82 | 0.46 | 0.82 | 0.55 |
|
Treynor Ratio
|
21.03 | 17.09 | 14.54 | 13.47 | 14.32 | 11.42 |
