First Trust Long/Short Equity ETF (FTLS)

Key Metrics

TER 0.95% per year

Distribution policy Distributing

Fund size USD 2,493 M

Inception date September 8, 2014

Holdings 355

Fund currency USD

Fund domicile US

Provider First Trust

For full official fund details, factsheets, and holdings, visit ftportfolios.com (opens in new tab).

Historical Return

Last updated: Oct 15, 2026

1 Year +12.3% +0.9% Div

3 Years (avg.) +13.0% +0.9% Div

5 Years (avg.) +9.2% +0.9% Div

Risk & Analysis Metrics

Last updated: Oct 15, 2026

Volatility

7.68% 1 Year

9.44% 3 Years

10.22% 5 Years

11.08% 10 Years

Max Drawdown

-3.80% 1 Year

-11.90% 3 Years

-11.90% 5 Years

-20.53% 10 Years

Sharpe Ratio

0.83 1 Year

0.82 3 Years

0.47 5 Years

0.44 10 Years

Return Triangle (Heatmap)

Last updated: Oct 15, 2026

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
2014	5.2%	5.0%	5.5%	7.4%	4.5%	6.3%	5.6%	7.3%	5.8%	6.8%	7.7%	7.7%
2015		4.9%	5.6%	8.2%	4.4%	6.5%	5.7%	7.6%	5.8%	7.0%	7.9%	7.9%
2016			6.4%	9.8%	4.2%	6.9%	5.8%	8.1%	6.0%	7.2%	8.3%	8.2%
2017				13.4%	3.1%	7.0%	5.7%	8.4%	5.9%	7.3%	8.5%	8.5%
2018					-6.2%	4.0%	3.2%	7.2%	4.5%	6.4%	7.9%	7.9%
2019						15.3%	8.3%	12.1%	7.3%	9.1%	10.4%	10.0%
2020							1.7%	10.6%	4.8%	7.6%	9.4%	9.2%
2021								20.3%	6.3%	9.6%	11.5%	10.7%
2022									-6.0%	4.6%	8.7%	8.5%
2023										16.4%	16.8%	13.8%
2024											17.3%	12.5%
2025												7.9%

Distributions

*by ETF Portfolio Weight Last updated: Oct 15, 2026

Profit Margin Distribution

< 0%

1y 3y N/A N/A

0 - 5%

10%

1y 3y N/A N/A

5 - 10%

11%

1y 3y N/A N/A

10 - 15%

11%

1y 3y N/A N/A

15 - 20%

1y 3y N/A N/A

20 - 30%

29%

1y 3y N/A N/A

30 - 40%

1y 3y N/A N/A

> 40%

28%

1y 3y N/A N/A

P/E Ratio Distribution

< 0

1y 3y N/A N/A

0 - 10

1y 3y N/A N/A

10 - 15

17%

1y 3y N/A N/A

15 - 20

1y 3y N/A N/A

20 - 25

1y 3y N/A N/A

25 - 35

28%

1y 3y N/A N/A

35 - 50

26%

1y 3y N/A N/A

> 50

13%

1y 3y N/A N/A

Discounted Cash Flow

Weighted Average Undervaluation

N/A

Undervalued

> 60%

1y 3y N/A N/A

45 - 60%

1y 3y N/A N/A

30 - 45%

1y 3y N/A N/A

15 - 30%

1y 3y N/A N/A

Fair (±15%)

1y 3y N/A N/A

Overvalued

15 - 30%

1y 3y N/A N/A

30 - 45%

1y 3y N/A N/A

45 - 60%

1y 3y N/A N/A

> 60%

1y 3y N/A N/A

Market Cap Size Distribution

Micro Cap

0.0%

1y 3y N/A N/A

Small Cap

0.0%

1y 3y N/A N/A

Mid Cap

3.0%

1y 3y N/A N/A

Large Cap

49.7%

1y 3y N/A N/A

Mega Cap

47.3%

1y 3y N/A N/A

Micro: < $300M Small: $300M–$2B Mid: $2B–$10B Large: $10B–$200B Mega: > $200B

Average metrics of all companies in portfolio

Last updated: Oct 25, 2026

Market
Average

Market Cap The market value of the company. It's calculated by multiplying the share price by the number of outstanding shares.	$48.2T	-
Dividend Yield Yearly payout to shareholders per share. The percentage indicates the payout in relation to the share price.	1.17%	1.13%
Beta Indicates the relationship between the price performance of a share and the market.	1.03	-
P/E Ratio Ratio between share price and earnings per share. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. A high ratio could indicate that the stock is overvalued or investors are expecting high growth.	26.77	36.21
Negative P/E Ratio a negative P/E ratio shows that the company is not profitable, and it shows how many years it would take the company to lose its entire market capitalisation if it did not change anything	-80.81	-
Profitable Companies	97%	-
PEG The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. A lower PEG could mean that a stock is undervalued.	23.15	11.65
Price to Sales Ratio Market cap divided by the revenue in the most recent year.	8.37	6.25
Price to Book Ratio Price to Book Ratio is the Market cap divided by the Book value of the company	12.45	6.18

Market
Average

Enterprise Value to EBIT Enterprise Value divided by EBIT	27.23	9.94
Enterprise Value to Revenue Enterprise value divided by revenue	14.77	3.84
Total Debt to Enterprise Value Total debt divided by enterprise value	0.13	0.07
Debt to Equity A higher ratio indicates a higher risk. However, the ratio is difficult to compare between industries where common amounts of debt vary.	0.75	-0.84
Profit Margin Net income divided by revenue of the last 4 quarters. It indicates the company's profitability.	24.00%	25.35%
Quarterly Earnings Growth (YoY) The rate at which the company's net income has increased to the same quarter one year ago.	+68.8%	+52.9%
Return on Equity Equity divided by market cap.	32.45%	36.99%
Return on Assets Indicates a company's profitability in relation to its total assets.	14.97%	14.38%
Return on Invested Capital Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits.	25.59%	24.11%

Limit holdings to companies in a single sector.

$0B >$1T

Ratio between share price and earnings per share. A low ratio could indicate undervaluation.

<0 >50

Ratio of dividends in the last 12 months to current share price.

0% 3%

Revenue increase compared to the same quarter one year ago.

0% 30%

Net income increase compared to the same quarter one year ago.

0% 30%

Profitability of the last quarter.

<-30% >30%

A higher ratio indicates a higher risk. The ratio is difficult to compare between industries.

<0 >3

Discounted cash flow valuation vs. current price. Positive = undervalued, negative = overvalued.

<-50% >+100%

Market Cap

P/E Ratio

Total Investment

Weight

Apple Inc

AAPL - Manufacturing

Market Cap $94.45T

P/E Ratio 39.7

Dividends 0.3%

Total Investment $174.96M

Weight 7.02%

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Microsoft Corporation

MSFT - Information

Market Cap $3.89T

P/E Ratio 29.1

Dividends 0.7%

Total Investment $91.97M

Weight 3.69%

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NVIDIA Corp

NVDA - Manufacturing

Market Cap $5.08T

P/E Ratio 26.5

Dividends 0.2%

Total Investment $78.35M

Weight 3.14%

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Mastercard Incorporated - Ordinary Shares - Class A

MA - Information

Market Cap $883.83T

P/E Ratio 34.2

Dividends 0.6%

Total Investment $58.92M

Weight 2.36%

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Alphabet Inc - Ordinary Shares - Class C

GOOG - Information

Market Cap $4.91T

P/E Ratio 15.8

Dividends 0.3%

Total Investment $55.18M

Weight 2.21%

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Taiwan Semiconductor Manufacturing - ADR

TSM - Manufacturing

Market Cap $61.85T

P/E Ratio 24.3

Dividends 1.0%

Total Investment $53.71M

Weight 2.15%

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Seagate Technology Holdings Plc

STX - Manufacturing

Market Cap $143.37B

P/E Ratio 43.4

Dividends 0.5%

Total Investment $52.75M

Weight 2.12%

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Cisco Systems, Inc.

CSCO - Manufacturing

Market Cap $2.96T

P/E Ratio 31.7

Dividends 1.6%

Total Investment $48.86M

Weight 1.96%

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Western Digital Corp.

WDC - Manufacturing

Market Cap $129.16B

P/E Ratio 12.0

Dividends 0.2%

Total Investment $48.72M

Weight 1.95%

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Abbvie Inc

ABBV - Manufacturing

Market Cap $832.67T

P/E Ratio 80.5

Dividends 2.4%

Total Investment $43.26M

Weight 1.74%

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Citigroup Inc

C - Finance and Insurance

Market Cap $263.94B

P/E Ratio 11.6

Dividends 2.0%

Total Investment $43.13M

Weight 1.73%

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Amazon.com Inc.

AMZN - Retail Trade

Market Cap $3.55T

P/E Ratio 19.7

Dividends 0.0%

Total Investment $40.89M

Weight 1.64%

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Dell Technologies Inc - Ordinary Shares - Class C

DELL - Information

Market Cap $290.21B

P/E Ratio 26.1

Dividends 0.5%

Total Investment $37.41M

Weight 1.50%

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Meta Platforms Inc - Ordinary Shares - Class A

META - Information

Market Cap $2.23T

P/E Ratio 21.6

Dividends 0.3%

Total Investment $33.77M

Weight 1.35%

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Merck & Co Inc

MRK - Manufacturing

Market Cap $364.05B

P/E Ratio 115.3

Dividends 2.3%

Total Investment $33.14M

Weight 1.33%

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Shopify Inc - Ordinary Shares - Class A

SHOP - Information

Market Cap $306.56B

P/E Ratio 113.2

Dividends 0.0%

Total Investment $32.84M

Weight 1.32%

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Verizon Communications Inc

VZ - Information

Market Cap $246.03B

P/E Ratio 11.6

Dividends 6.3%

Total Investment $32.51M

Weight 1.30%

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Analog Devices Inc.

ADI - Manufacturing

Market Cap $189.5B

P/E Ratio 46.2

Dividends 1.1%

Total Investment $30.88M

Weight 1.24%

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Bank Of America Corp.

BAC - Finance and Insurance

Market Cap $482.61B

P/E Ratio 11.9

Dividends 2.3%

Total Investment $30.34M

Weight 1.22%

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Broadcom Inc - 8% PRF CONVERT 30/09/2022 USD 1000 - Ser A

AVGOP - Manufacturing

Market Cap $1.55T

P/E Ratio 39.9

Dividends 0.8%

Total Investment $30.03M

Weight 1.20%

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Manufacturing	31.5%
Information	14.5%
Finance and Insurance	11.2%
Retail Trade	3.4%
Mining, Quarrying, and Oil and Gas Extraction	3.4%
Professional, Scientific, and Technical Services	1.7%
Wholesale Trade	1.6%
Management of Companies and Enterprises	1.0%
Financial Services	0.8%
Administrative and Support and Waste Management and Remediation Services	0.5%
Public Administration	0.5%
Health Technology	0.3%
Construction	0.2%
Accommodation and Food Services	0.2%
Transportation and Warehousing	0.2%
Health Care and Social Assistance	0.1%
Electronic Technology	0.1%
Other Services (except Public Administration)	0.1%
Arts, Entertainment, and Recreation	0.1%
Finance	0.0%
Consumer Non-Durables	0.0%
Real Estate and Rental and Leasing	0.0%
Utilities	-0.1%
Energy	-0.1%
Technology	-0.4%
Basic Materials	-0.4%
Communication Services	-0.4%
Industrials	-0.7%
Other	30.7%

United States	76.7%
Other	20.2%
Canada	2.4%
Singapore	1.7%
Taiwan (Province of China)	1.1%
Switzerland	0.4%
Australia	0.3%
Luxembourg	0.3%
Israel	0.1%
United Kingdom	0.1%
Italy	0.1%
Mexico	0.1%

Key Metrics

Compare similar ETFs

Historical Return

Risk & Analysis Metrics

Volatility

Max Drawdown

Sharpe Ratio

Return Triangle (Heatmap)

Distributions

Profit Margin Distribution

P/E Ratio Distribution

Discounted Cash Flow

Market Cap Size Distribution

Portfolio Concentration

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Average metrics of all companies in portfolio

Sectors

Countries

Stock Screener

Apple Inc

Apple Inc

Microsoft Corporation

Microsoft Corporation

NVIDIA Corp

NVIDIA Corp

Mastercard Incorporated - Ordinary Shares - Class A

Mastercard Incorporated - Ordinary Shares - Class A

Alphabet Inc - Ordinary Shares - Class C

Alphabet Inc - Ordinary Shares - Class C

Taiwan Semiconductor Manufacturing - ADR

Taiwan Semiconductor Manufacturing - ADR

Seagate Technology Holdings Plc

Seagate Technology Holdings Plc

Cisco Systems, Inc.

Cisco Systems, Inc.

Western Digital Corp.

Western Digital Corp.

Abbvie Inc

Abbvie Inc

Citigroup Inc

Citigroup Inc

Amazon.com Inc.

Amazon.com Inc.

Dell Technologies Inc - Ordinary Shares - Class C

Dell Technologies Inc - Ordinary Shares - Class C

Meta Platforms Inc - Ordinary Shares - Class A

Meta Platforms Inc - Ordinary Shares - Class A

Merck & Co Inc

Merck & Co Inc

Shopify Inc - Ordinary Shares - Class A

Shopify Inc - Ordinary Shares - Class A

Verizon Communications Inc

Verizon Communications Inc

Analog Devices Inc.

Analog Devices Inc.

Bank Of America Corp.

Bank Of America Corp.

Broadcom Inc - 8% PRF CONVERT 30/09/2022 USD 1000 - Ser A

Broadcom Inc - 8% PRF CONVERT 30/09/2022 USD 1000 - Ser A

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