FTLS vs SPY
Comparison between FIRST TRUST LONG/SHORT EQUITY ETF (FTLS, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed FTLS, delivering a return of +13.3% compared to +10.3%
FTLS vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FTLS
$2.20B
Winner
SPY
$652B
Expense Ratio
FTLS
1.38%
Winner
SPY
0.09%
Max Drawdown
Winner
FTLS
20.54%
SPY
56.47%
Sharpe Ratio
FTLS
1.50
Winner
SPY
2.07
5Y Beta
Winner
FTLS
0.52
SPY
1.00
P/E Ratio
FTLS
N/A
SPY
28.24
Forward P/E
FTLS
N/A
SPY
21.85
5Y Dividends CAGR
Winner
FTLS
34.00%
SPY
5.43%
5Y EPS CAGR
FTLS
N/A
SPY
25.79%
Debt to Equity
FTLS
N/A
SPY
22.35%
P/S Ratio
FTLS
N/A
SPY
3.55
P/B Ratio
FTLS
N/A
SPY
5.29
FTLS vs SPY - Holdings Comparison
FTLS and SPY have 137 common holdings. Overlap is 9.99%
FTLS's top 25 holdings weight is 83.60%. SPY's top 25 holdings weight is 51.32%.
| Rank | FTLS | SPY |
|---|---|---|
| #1 | CASH (n/a) - 33.77% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | APPLE INC (AAPL) - 6.52% | APPLE INC (AAPL) - 6.48% |
| #3 | NVIDIA CORP (NVDA) - 4.10% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | MICROSOFT CORP (MSFT) - 3.75% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | JPMORGAN CHASE & CO (JPM) - 2.71% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | ALPHABET INC CLASS A (GOOGL) - 2.71% | BROADCOM INC (AVGO) - 3.09% |
| #7 | BANK OF AMERICA CORP (BAC) - 2.62% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | ASML HOLDING NV ADR (ASML) - 2.51% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 2.38% | TESLA INC (TSLA) - 1.73% |
| #10 | CITIGROUP INC (C) - 2.20% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | COSTCO WHOLESALE CORP (COST) - 2.15% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | AMAZON.COM INC (AMZN) - 1.94% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | QUALCOMM INC (QCOM) - 1.90% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | BROADCOM INC (AVGO) - 1.86% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | DREYFUS GOVT CM INST 289 (n/a) - 1.85% | WALMART INC (WMT) - 0.91% |
| #16 | CHEVRON CORP (CVX) - 1.83% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | SANDISK CORP ORDINARY SHARES (SNDK) - 1.76% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | ANALOG DEVICES INC (ADI) - 1.67% | VISA INC CLASS A (V) - 0.85% |
| #19 | META PLATFORMS INC CLASS A (META) - 1.65% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | ADOBE INC (ADBE) - 1.55% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | CHENIERE ENERGY INC (LNG) - 0.45% | INTEL CORP (INTC) - 0.65% |
| #22 | ISHARES S&P SMALL-CAP 600 VALUE ETF (IJS) - 0.44% | NETFLIX INC (NFLX) - 0.64% |
| #23 | KEYCORP (KEY) - 0.43% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | VANGUARD SMALL-CAP VALUE ETF (VBR) - 0.43% | CHEVRON CORP (CVX) - 0.58% |
| #25 | CENTENE CORP (CNC) - 0.42% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 359 | 505 |
FTLS vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
FTLS
+3.60%
Winner
SPY
+9.11%
3M
FTLS
+3.81%
Winner
SPY
+6.59%
6M
FTLS
+5.12%
Winner
SPY
+10.56%
1Y
FTLS
+17.21%
Winner
SPY
+32.04%
5Y(CAGR)
FTLS
+10.26%
Winner
SPY
+13.35%
10Y(CAGR)
FTLS
+9.85%
Winner
SPY
+15.49%
Max(CAGR)
Winner
FTLS
+9.04%
SPY
+8.50%
FTLS vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FTLS | SPY |
|---|---|---|
| 2026 | +4.67% | +8.27% |
| 2025 | +9.09% | +18.00% |
| 2024 | +19.09% | +25.59% |
| 2023 | +18.24% | +26.72% |
| 2022 | -5.23% | -18.64% |
| 2021 | +20.30% | +30.52% |
| 2020 | +2.13% | +17.28% |
| 2019 | +16.32% | +31.09% |
| 2018 | -5.41% | -5.24% |
| 2017 | +13.88% | +20.78% |
| 2016 | +7.57% | +13.59% |
| 2015 | +5.38% | +1.31% |
| 2014 | +5.71% | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
FTLS vs SPY Drawdown Comparison
The maximum drawdown for FTLS was -20.54%, occurring on Mar 23, 2020. Recovery took 135 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | FTLS | SPY |
|---|---|---|
| #1 | -20.54% Feb 19, 2020 - Aug 31, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -13.38% Jan 26, 2018 - Sep 17, 2019 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -11.69% Jan 23, 2025 - Aug 27, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -10.35% Dec 29, 2021 - Jun 2, 2023 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -9.26% Dec 1, 2015 - Jul 26, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -8.16% May 27, 2015 - Nov 24, 2015 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -7.45% Sep 2, 2020 - Jan 7, 2021 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -4.76% Feb 11, 2021 - Apr 15, 2021 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -4.44% Jul 10, 2024 - Aug 27, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -4.22% Mar 28, 2024 - Jun 6, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -3.95% Sep 11, 2023 - Nov 10, 2023 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -3.91% Sep 18, 2014 - Oct 28, 2014 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -3.86% Aug 18, 2016 - Nov 9, 2016 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -3.79% Feb 2, 2026 - Apr 9, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -3.46% Nov 11, 2025 - Dec 24, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FTLS and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
FTLS vs SPY dividend yield comparison.
| Year | FTLS | SPY |
|---|---|---|
| 2026 | 0.09% | 0.24% |
| 2025 | 1.07% | 1.07% |
| 2024 | 1.50% | 1.21% |
| 2023 | 1.49% | 1.40% |
| 2022 | 0.81% | 1.65% |
| 2021 | 0.01% | 1.20% |
| 2020 | 0.44% | 1.52% |
| 2019 | 0.83% | 1.75% |
| 2018 | 0.87% | 2.04% |
| 2017 | 0.43% | 1.80% |
| 2016 | 1.04% | 2.03% |
| 2015 | 0.49% | 2.06% |
| 2014 | 0.51% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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