FTLS vs CWI
Comparison between FIRST TRUST LONG/SHORT EQUITY ETF (FTLS, ETF) and SPDR(R) MSCI ACWI EX-US ETF (CWI, ETF).
5-Year PerformanceFTLS has outperformed CWI, delivering a return of +10.3% compared to +9.0%
FTLS vs CWI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FTLS
$2.20B
Winner
CWI
$2.30B
Expense Ratio
FTLS
1.38%
Winner
CWI
0.30%
Max Drawdown
Winner
FTLS
20.54%
CWI
62.39%
Sharpe Ratio
FTLS
1.50
Winner
CWI
1.88
5Y Beta
Winner
FTLS
0.52
CWI
0.75
5Y Dividends CAGR
Winner
FTLS
34.00%
CWI
16.94%
FTLS vs CWI - Holdings Comparison
FTLS and CWI have 6 common holdings. Overlap is -6.67%
FTLS's top 25 holdings weight is 83.60%. CWI's top 25 holdings weight is 21.87%.
| Rank | FTLS | CWI |
|---|---|---|
| #1 | CASH (n/a) - 33.77% | n/a (TSM) - 3.62% |
| #2 | APPLE INC (AAPL) - 6.52% | TENCENT HOLDINGS LTD (n/a) - 1.54% |
| #3 | NVIDIA CORP (NVDA) - 4.10% | ASML HOLDING NV COMMON STOCK EUR.09 (n/a) - 1.30% |
| #4 | MICROSOFT CORP (MSFT) - 3.75% | SAMSUNG ELECTRONICS CO LTD DR (SSNHZ) - 1.11% |
| #5 | JPMORGAN CHASE & CO (JPM) - 2.71% | n/a (n/a) - 1.06% |
| #6 | ALPHABET INC CLASS A (GOOGL) - 2.71% | SAP SE (n/a) - 0.87% |
| #7 | BANK OF AMERICA CORP (BAC) - 2.62% | NESTLE SA (n/a) - 0.81% |
| #8 | ASML HOLDING NV ADR (ASML) - 2.51% | HSBC HOLDINGS PLC (n/a) - 0.81% |
| #9 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 2.38% | ROYAL BANK OF CANADA COMMON STOCK (n/a) - 0.76% |
| #10 | CITIGROUP INC (C) - 2.20% | SHELL PLC (n/a) - 0.75% |
| #11 | COSTCO WHOLESALE CORP (COST) - 2.15% | NOVARTIS AG REGISTERED SHARES (n/a) - 0.75% |
| #12 | AMAZON.COM INC (AMZN) - 1.94% | ROCHE HOLDING AG (n/a) - 0.74% |
| #13 | QUALCOMM INC (QCOM) - 1.90% | ASTRAZENECA PLC (n/a) - 0.71% |
| #14 | BROADCOM INC (AVGO) - 1.86% | SK HYNIX INC (n/a) - 0.71% |
| #15 | DREYFUS GOVT CM INST 289 (n/a) - 1.85% | SIEMENS AG (n/a) - 0.69% |
| #16 | CHEVRON CORP (CVX) - 1.83% | COMMONWEALTH BANK OF AUSTRALIA (n/a) - 0.64% |
| #17 | SANDISK CORP ORDINARY SHARES (SNDK) - 1.76% | TOYOTA MOTOR CORP (n/a) - 0.62% |
| #18 | ANALOG DEVICES INC (ADI) - 1.67% | LVMH MOET HENNESSY LOUIS VUITTON SE (n/a) - 0.60% |
| #19 | META PLATFORMS INC CLASS A (META) - 1.65% | SHOPIFY INC CLASS A COMMON STOCK (n/a) - 0.59% |
| #20 | ADOBE INC (ADBE) - 1.55% | SONY GROUP CORP (n/a) - 0.56% |
| #21 | CHENIERE ENERGY INC (LNG) - 0.45% | MITSUBISHI UFJ FINANCIAL GROUP INC (n/a) - 0.54% |
| #22 | ISHARES S&P SMALL-CAP 600 VALUE ETF (IJS) - 0.44% | ALLIANZ SE (n/a) - 0.54% |
| #23 | KEYCORP (KEY) - 0.43% | SOFTBANK GROUP CORP (n/a) - 0.53% |
| #24 | VANGUARD SMALL-CAP VALUE ETF (VBR) - 0.43% | HITACHI LTD (n/a) - 0.52% |
| #25 | CENTENE CORP (CNC) - 0.42% | THE TORONTO-DOMINION BANK (TD) - 0.50% |
| Total Holdings | 359 | 1289 |
FTLS vs CWI - Historical Returns
Returns include dividend reinvestment.
1M
FTLS
+3.60%
Winner
CWI
+4.67%
3M
Winner
FTLS
+3.81%
CWI
+3.49%
6M
FTLS
+5.12%
Winner
CWI
+16.31%
1Y
FTLS
+17.21%
Winner
CWI
+35.69%
5Y(CAGR)
Winner
FTLS
+10.26%
CWI
+8.97%
10Y(CAGR)
FTLS
+9.85%
Winner
CWI
+10.09%
Max(CAGR)
Winner
FTLS
+9.04%
CWI
+5.44%
FTLS vs CWI - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | FTLS | CWI |
|---|---|---|
| 2026 | +4.67% | +10.60% |
| 2025 | +9.09% | +32.76% |
| 2024 | +19.09% | +7.58% |
| 2023 | +18.24% | +15.05% |
| 2022 | -5.23% | -15.80% |
| 2021 | +20.30% | +8.00% |
| 2020 | +2.13% | +8.58% |
| 2019 | +16.32% | +22.09% |
| 2018 | -5.41% | -14.65% |
| 2017 | +13.88% | +25.95% |
| 2016 | +7.57% | +6.67% |
| 2015 | +5.38% | -4.94% |
| 2014 | +5.71% | -1.28% |
| 2013 | N/A | +12.22% |
| 2012 | N/A | +13.69% |
| 2011 | N/A | -14.44% |
| 2010 | N/A | +8.51% |
| 2009 | N/A | +35.42% |
| 2008 | N/A | -41.96% |
| 2007 | N/A | +15.36% |
FTLS vs CWI Drawdown Comparison
The maximum drawdown for FTLS was -20.54%, occurring on Mar 23, 2020. Recovery took 135 trading sessions.
The maximum drawdown for CWI was -60.77%, occurring on Mar 9, 2009. Recovery took 1668 trading sessions.
The current CWI drawdown is -0.42%.
| Rank | FTLS | CWI |
|---|---|---|
| #1 | -20.54% Feb 19, 2020 - Aug 31, 2020 | -60.77% Oct 31, 2007 - Jun 18, 2014 |
| #2 | -13.38% Jan 26, 2018 - Sep 17, 2019 | -34.64% Jan 26, 2018 - Nov 13, 2020 |
| #3 | -11.69% Jan 23, 2025 - Aug 27, 2025 | -29.42% Jun 14, 2021 - May 9, 2024 |
| #4 | -10.35% Dec 29, 2021 - Jun 2, 2023 | -25.24% Jul 3, 2014 - May 5, 2017 |
| #5 | -9.26% Dec 1, 2015 - Jul 26, 2016 | -13.85% Mar 19, 2025 - May 2, 2025 |
| #6 | -8.16% May 27, 2015 - Nov 24, 2015 | -12.72% Jul 13, 2007 - Oct 1, 2007 |
| #7 | -7.45% Sep 2, 2020 - Jan 7, 2021 | -11.47% Feb 25, 2026 - May 6, 2026 |
| #8 | -4.76% Feb 11, 2021 - Apr 15, 2021 | -9.50% Sep 26, 2024 - Mar 17, 2025 |
| #9 | -4.44% Jul 10, 2024 - Aug 27, 2024 | -8.03% Jul 12, 2024 - Aug 23, 2024 |
| #10 | -4.22% Mar 28, 2024 - Jun 6, 2024 | -7.91% Feb 26, 2007 - Apr 3, 2007 |
| #11 | -3.95% Sep 11, 2023 - Nov 10, 2023 | -4.96% Nov 12, 2025 - Dec 10, 2025 |
| #12 | -3.91% Sep 18, 2014 - Oct 28, 2014 | -4.92% Feb 16, 2021 - Apr 15, 2021 |
| #13 | -3.86% Aug 18, 2016 - Nov 9, 2016 | -4.58% Jan 21, 2021 - Feb 9, 2021 |
| #14 | -3.79% Feb 2, 2026 - Apr 9, 2026 | -4.21% Jul 23, 2025 - Aug 13, 2025 |
| #15 | -3.46% Nov 11, 2025 - Dec 24, 2025 | -3.82% Aug 23, 2024 - Sep 19, 2024 |
Correlation
Correlation between FTLS and CWI is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2007 - 2026)
FTLS vs CWI dividend yield comparison.
| Year | FTLS | CWI |
|---|---|---|
| 2026 | 0.09% | 0.00% |
| 2025 | 1.07% | 2.97% |
| 2024 | 1.50% | 2.89% |
| 2023 | 1.49% | 2.80% |
| 2022 | 0.81% | 3.17% |
| 2021 | 0.01% | 2.65% |
| 2020 | 0.44% | 2.07% |
| 2019 | 0.83% | 3.05% |
| 2018 | 0.87% | 2.81% |
| 2017 | 0.43% | 2.29% |
| 2016 | 1.04% | 2.45% |
| 2015 | 0.49% | 2.62% |
| 2014 | 0.51% | 3.21% |
| 2013 | 0.00% | 2.69% |
| 2012 | 0.00% | 3.15% |
| 2011 | 0.00% | 2.98% |
| 2010 | 0.00% | 2.31% |
| 2009 | 0.00% | 2.20% |
| 2008 | 0.00% | 2.17% |
| 2007 | 0.00% | 2.01% |
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