FTLS vs VTEC
Comparison between FIRST TRUST LONG/SHORT EQUITY ETF (FTLS, ETF) and VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF ETF SHARES (VTEC, ETF).
FTLS vs VTEC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FTLS
$2.20B
VTEC
$2.20B
Expense Ratio
FTLS
1.38%
Winner
VTEC
0.06%
Max Drawdown
FTLS
20.54%
Winner
VTEC
5.70%
Sharpe Ratio
Winner
FTLS
1.50
VTEC
0.86
5Y Beta
FTLS
0.52
Winner
VTEC
0.04
5Y Dividends CAGR
FTLS
34.00%
VTEC
N/A
FTLS vs VTEC - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FTLS
+3.60%
VTEC
+0.29%
3M
Winner
FTLS
+3.81%
VTEC
-0.55%
6M
Winner
FTLS
+5.12%
VTEC
+1.13%
1Y
Winner
FTLS
+17.21%
VTEC
+6.28%
5Y(CAGR)
FTLS
+10.26%
VTEC
N/A
10Y(CAGR)
FTLS
+9.85%
VTEC
N/A
Max(CAGR)
Winner
FTLS
+9.04%
VTEC
+2.60%
FTLS vs VTEC - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | FTLS | VTEC |
|---|---|---|
| 2026 | +4.67% | +0.48% |
| 2025 | +9.09% | +3.86% |
| 2024 | +19.09% | +1.42% |
| 2023 | +18.24% | N/A |
| 2022 | -5.23% | N/A |
| 2021 | +20.30% | N/A |
| 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 VTEC Drawdown Comparison
The maximum drawdown for FTLS was -20.54%, occurring on Mar 23, 2020. Recovery took 135 trading sessions.
The maximum drawdown for VTEC was -4.50%, occurring on Apr 8, 2025. Recovery took 190 trading sessions.
The current VTEC drawdown is -1.28%.
| Rank | FTLS | VTEC |
|---|---|---|
| #1 | -20.54% Feb 19, 2020 - Aug 31, 2020 | -4.50% Dec 2, 2024 - Sep 8, 2025 |
| #2 | -13.38% Jan 26, 2018 - Sep 17, 2019 | -2.85% Feb 27, 2026 - Mar 27, 2026 |
| #3 | -11.69% Jan 23, 2025 - Aug 27, 2025 | -2.43% Feb 1, 2024 - Aug 1, 2024 |
| #4 | -10.35% Dec 29, 2021 - Jun 2, 2023 | -2.13% Oct 1, 2024 - Dec 2, 2024 |
| #5 | -9.26% Dec 1, 2015 - Jul 26, 2016 | -0.79% Aug 6, 2024 - Sep 5, 2024 |
| #6 | -8.16% May 27, 2015 - Nov 24, 2015 | -0.47% Sep 17, 2025 - Oct 10, 2025 |
| #7 | -7.45% Sep 2, 2020 - Jan 7, 2021 | -0.44% Nov 26, 2025 - Dec 24, 2025 |
| #8 | -4.76% Feb 11, 2021 - Apr 15, 2021 | -0.42% Nov 11, 2025 - Nov 26, 2025 |
| #9 | -4.44% Jul 10, 2024 - Aug 27, 2024 | -0.34% Oct 29, 2025 - Nov 11, 2025 |
| #10 | -4.22% Mar 28, 2024 - Jun 6, 2024 | -0.31% Jan 14, 2026 - Jan 30, 2026 |
| #11 | -3.95% Sep 11, 2023 - Nov 10, 2023 | -0.16% Sep 27, 2024 - Oct 1, 2024 |
| #12 | -3.91% Sep 18, 2014 - Oct 28, 2014 | -0.12% Sep 10, 2024 - Sep 13, 2024 |
| #13 | -3.86% Aug 18, 2016 - Nov 9, 2016 | -0.11% Sep 17, 2024 - Sep 26, 2024 |
| #14 | -3.79% Feb 2, 2026 - Apr 9, 2026 | -0.10% Sep 8, 2025 - Sep 10, 2025 |
| #15 | -3.46% Nov 11, 2025 - Dec 24, 2025 | -0.09% Sep 11, 2025 - Sep 15, 2025 |
Correlation
Correlation between FTLS and VTEC is 0.88 which considered as a strong positive correlation - the stocks tend to move together.
0.88
-101
Dividend Comparison (2014 - 2026)
FTLS vs VTEC dividend yield comparison.
| Year | FTLS | VTEC |
|---|---|---|
| 2026 | 0.09% | 1.03% |
| 2025 | 1.07% | 3.13% |
| 2024 | 1.50% | 2.54% |
| 2023 | 1.49% | 0.00% |
| 2022 | 0.81% | 0.00% |
| 2021 | 0.01% | 0.00% |
| 2020 | 0.44% | 0.00% |
| 2019 | 0.83% | 0.00% |
| 2018 | 0.87% | 0.00% |
| 2017 | 0.43% | 0.00% |
| 2016 | 1.04% | 0.00% |
| 2015 | 0.49% | 0.00% |
| 2014 | 0.51% | 0.00% |
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