FTLS vs BALT
Comparison between FIRST TRUST LONG/SHORT EQUITY ETF (FTLS, ETF) and Innovator Defined Wealth Shield ETF (BALT, ETF).
5-Year PerformanceFTLS has outperformed BALT, delivering a return of +10.1% compared to +5.9%
FTLS vs BALT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FTLS
$2.30B
Winner
BALT
$2.40B
Expense Ratio
FTLS
1.38%
Winner
BALT
0.69%
Max Drawdown
FTLS
20.54%
Winner
BALT
4.89%
Sharpe Ratio
FTLS
1.25
Winner
BALT
1.56
5Y Beta
FTLS
0.51
Winner
BALT
0.20
P/E Ratio
FTLS
19.46
BALT
N/A
Forward P/E
FTLS
15.95
BALT
N/A
5Y Dividends CAGR
FTLS
34.00%
BALT
N/A
5Y EPS CAGR
FTLS
22.52%
BALT
N/A
P/S Ratio
FTLS
-2.62
BALT
N/A
P/B Ratio
FTLS
3.57
BALT
N/A
FTLS vs BALT - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FTLS
+0.63%
BALT
+0.53%
3M
Winner
FTLS
+4.31%
BALT
+1.17%
6M
Winner
FTLS
+4.04%
BALT
+3.05%
1Y
Winner
FTLS
+14.01%
BALT
+7.13%
5Y(CAGR)
Winner
FTLS
+10.12%
BALT
+5.94%
10Y(CAGR)
FTLS
+9.75%
BALT
N/A
Max(CAGR)
Winner
FTLS
+8.97%
BALT
+5.94%
FTLS vs BALT - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | FTLS | BALT |
|---|---|---|
| 2026 | +4.47% | +1.86% |
| 2025 | +9.09% | +6.57% |
| 2024 | +19.09% | +10.32% |
| 2023 | +18.24% | +7.61% |
| 2022 | -5.23% | +2.48% |
| 2021 | +20.30% | +0.82% |
| 2020 | +2.13% | N/A |
| 2019 | +16.32% | N/A |
| 2018 | -5.41% | N/A |
| 2017 | +13.88% | N/A |
| 2016 | +7.57% | N/A |
| 2015 | +5.38% | N/A |
| 2014 | +5.71% | N/A |
FTLS vs BALT Drawdown Comparison
The maximum drawdown for FTLS was -20.54%, occurring on Mar 23, 2020. Recovery took 135 trading sessions.
The maximum drawdown for BALT was -4.89%, occurring on Apr 8, 2025. Recovery took 71 trading sessions.
The current FTLS drawdown is -0.82%.
| Rank | FTLS | BALT |
|---|---|---|
| #1 | -20.54% Feb 19, 2020 - Aug 31, 2020 | -4.89% Feb 20, 2025 - Jun 3, 2025 |
| #2 | -13.38% Jan 26, 2018 - Sep 17, 2019 | -2.16% Jan 4, 2022 - Jul 8, 2022 |
| #3 | -11.69% Jan 23, 2025 - Aug 27, 2025 | -1.98% Aug 25, 2022 - Nov 10, 2022 |
| #4 | -10.35% Dec 29, 2021 - Jun 2, 2023 | -1.85% Jul 16, 2024 - Aug 19, 2024 |
| #5 | -9.26% Dec 1, 2015 - Jul 26, 2016 | -1.84% Sep 14, 2023 - Nov 14, 2023 |
| #6 | -8.16% May 27, 2015 - Nov 24, 2015 | -1.15% Feb 25, 2026 - Apr 14, 2026 |
| #7 | -7.45% Sep 2, 2020 - Jan 7, 2021 | -1.14% Aug 30, 2024 - Sep 13, 2024 |
| #8 | -4.76% Feb 11, 2021 - Apr 15, 2021 | -1.03% Mar 28, 2024 - May 9, 2024 |
| #9 | -4.44% Jul 10, 2024 - Aug 27, 2024 | -0.85% Jul 31, 2023 - Aug 30, 2023 |
| #10 | -4.22% Mar 28, 2024 - Jun 6, 2024 | -0.85% Nov 11, 2025 - Nov 25, 2025 |
| #11 | -3.95% Sep 11, 2023 - Nov 10, 2023 | -0.76% Dec 16, 2024 - Dec 24, 2024 |
| #12 | -3.91% Sep 18, 2014 - Oct 28, 2014 | -0.76% Mar 6, 2023 - Mar 21, 2023 |
| #13 | -3.86% Aug 18, 2016 - Nov 9, 2016 | -0.62% Dec 11, 2025 - Dec 22, 2025 |
| #14 | -3.79% Feb 2, 2026 - Apr 9, 2026 | -0.58% Sep 27, 2021 - Oct 19, 2021 |
| #15 | -3.46% Nov 11, 2025 - Dec 24, 2025 | -0.55% Oct 8, 2025 - Oct 20, 2025 |
Correlation
Correlation between FTLS and BALT is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Select Stocks to Compare
Popular: FTLS vs SPYBALT vs SPY
More Comparisons
Compare with similar stocks