FTLS vs SLQD

Comparison between FIRST TRUST LONG/SHORT EQUITY ETF (FTLS, ETF) and ISHARES 0-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF (SLQD, ETF).

5-Year PerformanceFTLS has outperformed SLQD, delivering a return of +10.1% compared to +2.5%

FTLS vs SLQD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FTLS(ETF)	SLQD(ETF)
Net Assets	$2.30B	$2.30B
Expense Ratio	1.38%	0.06%
Max Drawdown	20.54%	12.69%
Sharpe Ratio	1.25	0.64
5Y Beta	0.51	0.03
P/E Ratio	19.46	N/A
Forward P/E	15.95	N/A
5Y Dividends CAGR	34.00%	15.87%
5Y EPS CAGR	22.52%	N/A
P/S Ratio	-2.62	N/A
P/B Ratio	3.57	N/A

Net Assets

FTLS

$2.30B

SLQD

$2.30B

Expense Ratio

FTLS

1.38%

Winner

SLQD

0.06%

Max Drawdown

FTLS

20.54%

Winner

SLQD

12.69%

Sharpe Ratio

Winner

FTLS

1.25

SLQD

0.64

5Y Beta

FTLS

0.51

Winner

SLQD

0.03

P/E Ratio

FTLS

19.46

SLQD

N/A

Forward P/E

FTLS

15.95

SLQD

N/A

5Y Dividends CAGR

Winner

FTLS

34.00%

SLQD

15.87%

5Y EPS CAGR

FTLS

22.52%

SLQD

N/A

P/S Ratio

FTLS

-2.62

SLQD

N/A

P/B Ratio

FTLS

3.57

SLQD

N/A

FTLS vs SLQD - Historical Returns

Returns include dividend reinvestment.

Period	FTLS	SLQD
1 month	+0.63%	+0.21%
3 months	+4.31%	+0.14%
6 months	+4.04%	+1.33%
1 year	+14.01%	+4.51%
5 years(CAGR)	+10.12%	+2.52%
10 years(CAGR)	+9.75%	+2.70%
Max(CAGR)	+8.97%	+2.52%

Winner

FTLS

+0.63%

SLQD

+0.21%

Winner

FTLS

+4.31%

SLQD

+0.14%

Winner

FTLS

+4.04%

SLQD

+1.33%

Winner

FTLS

+14.01%

SLQD

+4.51%

5Y(CAGR)

Winner

FTLS

+10.12%

SLQD

+2.52%

10Y(CAGR)

Winner

FTLS

+9.75%

SLQD

+2.70%

Max(CAGR)

Winner

FTLS

+8.97%

SLQD

+2.52%

FTLS vs SLQD - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	FTLS	SLQD
2026	+4.47%	+0.89%
2025	+9.09%	+6.23%
2024	+19.09%	+5.15%
2023	+18.24%	+5.87%
2022	-5.23%	-4.27%
2021	+20.30%	-0.53%
2020	+2.13%	+4.70%
2019	+16.32%	+6.05%
2018	-5.41%	+1.15%
2017	+13.88%	+2.17%
2016	+7.57%	+1.81%
2015	+5.38%	+1.23%
2014	+5.71%	+1.65%
2013	N/A	+0.49%

FTLS vs SLQD Drawdown Comparison

The maximum drawdown for FTLS was -20.54%, occurring on Mar 23, 2020. Recovery took 135 trading sessions.

The maximum drawdown for SLQD was -12.69%, occurring on Mar 19, 2020. Recovery took 53 trading sessions.

The current FTLS drawdown is -0.82%. The current SLQD drawdown is -0.06%.

Rank	FTLS	SLQD
#1	-20.54% Feb 19, 2020 - Aug 31, 2020	-12.69% Mar 4, 2020 - May 19, 2020
#2	-13.38% Jan 26, 2018 - Sep 17, 2019	-7.63% Aug 2, 2021 - Dec 20, 2023
#3	-11.69% Jan 23, 2025 - Aug 27, 2025	-1.52% Aug 24, 2016 - Apr 11, 2017
#4	-10.35% Dec 29, 2021 - Jun 2, 2023	-1.16% Sep 8, 2017 - Aug 13, 2018
#5	-9.26% Dec 1, 2015 - Jul 26, 2016	-1.06% Feb 27, 2026 - May 28, 2026
#6	-8.16% May 27, 2015 - Nov 24, 2015	-1.05% Oct 27, 2015 - Mar 16, 2016
#7	-7.45% Sep 2, 2020 - Jan 7, 2021	-0.96% Apr 15, 2015 - Oct 14, 2015
#8	-4.76% Feb 11, 2021 - Apr 15, 2021	-0.92% Apr 3, 2025 - Apr 25, 2025
#9	-4.44% Jul 10, 2024 - Aug 27, 2024	-0.87% Dec 31, 2020 - May 25, 2021
#10	-4.22% Mar 28, 2024 - Jun 6, 2024	-0.82% Sep 27, 2024 - Dec 6, 2024
#11	-3.95% Sep 11, 2023 - Nov 10, 2023	-0.77% Jan 30, 2015 - Mar 18, 2015
#12	-3.91% Sep 18, 2014 - Oct 28, 2014	-0.77% Oct 15, 2014 - Jan 9, 2015
#13	-3.86% Aug 18, 2016 - Nov 9, 2016	-0.76% Mar 27, 2024 - May 3, 2024
#14	-3.79% Feb 2, 2026 - Apr 9, 2026	-0.74% Sep 4, 2019 - Oct 1, 2019
#15	-3.46% Nov 11, 2025 - Dec 24, 2025	-0.67% Aug 19, 2014 - Oct 8, 2014

Correlation

Correlation between FTLS and SLQD is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2013 - 2026)

FTLS vs SLQD dividend yield comparison.

Year	FTLS	SLQD
2026	0.09%	1.82%
2025	1.07%	4.15%
2024	1.50%	3.71%
2023	1.49%	2.99%
2022	0.81%	2.00%
2021	0.01%	1.67%
2020	0.44%	2.34%
2019	0.83%	2.89%
2018	0.87%	2.55%
2017	0.43%	1.98%
2016	1.04%	1.81%
2015	0.49%	1.43%
2014	0.51%	1.23%
2013	0.00%	0.23%