First Trust Long/Short Equity ETF (FTLS)

Key Metrics

TER 1.38% per year

Distribution policy Distributing

Fund size USD 2,295 M

Inception date September 8, 2014

Holdings 393

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: Jul 15, 2026

1 Year +13.5% +0.9% Div

3 Years (avg.) +12.1% +0.9% Div

5 Years (avg.) +8.9% +0.9% Div

Risk & Analysis Metrics

Last updated: Jul 15, 2026

Volatility

8.05% 1 Year

9.60% 3 Years

10.35% 5 Years

11.11% 10 Years

Max Drawdown

-3.80% 1 Year

-11.90% 3 Years

-11.90% 5 Years

-20.53% 10 Years

Sharpe Ratio

0.92 1 Year

0.73 3 Years

0.44 5 Years

0.39 10 Years

Return Triangle (Heatmap)

Last updated: Jul 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: Jul 15, 2026

Profit Margin Distribution

< 0%

1y 3y N/A N/A

0 - 5%

12%

1y 3y N/A N/A

5 - 10%

13%

1y 3y N/A N/A

10 - 15%

1y 3y N/A N/A

15 - 20%

11%

1y 3y N/A N/A

20 - 30%

29%

1y 3y N/A N/A

30 - 40%

19%

1y 3y N/A N/A

> 40%

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

16%

1y 3y N/A N/A

15 - 20

13%

1y 3y N/A N/A

20 - 25

13%

1y 3y N/A N/A

25 - 35

22%

1y 3y N/A N/A

35 - 50

20%

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

4.3%

1y 3y N/A N/A

Large Cap

54.9%

1y 3y N/A N/A

Mega Cap

40.8%

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: Jul 19, 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.	$1.69T	-
Dividend Yield Yearly payout to shareholders per share. The percentage indicates the payout in relation to the share price.	0.85%	2.03%
Beta Indicates the relationship between the price performance of a share and the market.	1.14	-
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.	34.15	28.84
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	-	-
Profitable Companies	100%	-
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.	29.36	18.09
Price to Sales Ratio Market cap divided by the revenue in the most recent year.	11.43	8.08
Price to Book Ratio Price to Book Ratio is the Market cap divided by the Book value of the company	15.95	10.33

Market
Average

Enterprise Value to EBIT Enterprise Value divided by EBIT	29.85	19.5
Enterprise Value to Revenue Enterprise value divided by revenue	9.71	8.09
Total Debt to Enterprise Value Total debt divided by enterprise value	0.11	0.04
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.	1.03	0.27
Profit Margin Net income divided by revenue of the last 4 quarters. It indicates the company's profitability.	26.63%	20.92%
Quarterly Earnings Growth (YoY) The rate at which the company's net income has increased to the same quarter one year ago.	+51.0%	-113.9%
Return on Equity Equity divided by market cap.	38.04%	2.94%
Return on Assets Indicates a company's profitability in relation to its total assets.	17.69%	4.11%
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.	29.03%	3.71%

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 $4.9T

P/E Ratio 40.3

Dividends 0.3%

Total Investment $135.12M

Weight 5.89%

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NVIDIA Corp

NVDA - Manufacturing

Market Cap $4.91T

P/E Ratio 30.9

Dividends 0.1%

Total Investment $79.28M

Weight 3.45%

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Microsoft Corporation

MSFT - Information

Market Cap $2.93T

P/E Ratio 23.4

Dividends 0.9%

Total Investment $73.68M

Weight 3.21%

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Alphabet Inc - Ordinary Shares - Class C

GOOG - Information

Market Cap $4.19T

P/E Ratio 26.2

Dividends 0.2%

Total Investment $61.62M

Weight 2.68%

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JPMorgan Chase & Co.

JPM - Financial Services

Market Cap $913.98B

P/E Ratio 14.7

Dividends 1.8%

Total Investment $56.37M

Weight 2.46%

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Bank Of America Corp.

BAC - Finance and Insurance

Market Cap $434.81B

P/E Ratio 13.9

Dividends 1.8%

Total Investment $54.91M

Weight 2.39%

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ASML Holding NV - New York Shares

ASML - Manufacturing

Market Cap $673.55B

P/E Ratio 59.4

Dividends 0.5%

Total Investment $53.86M

Weight 2.35%

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Berkshire Hathaway Inc. - Ordinary Shares - Class A

BRK.A - Management of Companies and Enterprises

Market Cap

P/E Ratio

Dividends

Total Investment $48.74M

Weight 2.12%

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Qualcomm, Inc.

QCOM - Manufacturing

Market Cap $181.06B

P/E Ratio 18.4

Dividends 2.1%

Total Investment $46.93M

Weight 2.04%

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Costco Wholesale Corp

COST - Retail Trade

Market Cap $417.26B

P/E Ratio 47.3

Dividends 0.6%

Total Investment $45.38M

Weight 1.98%

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Citigroup Inc

C - Finance and Insurance

Market Cap $221.86B

P/E Ratio 13.7

Dividends 1.9%

Total Investment $45.18M

Weight 1.97%

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Amazon.com Inc.

AMZN - Retail Trade

Market Cap $2.66T

P/E Ratio 29.1

Dividends 0.0%

Total Investment $40.98M

Weight 1.79%

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

AVGOP - Manufacturing

Market Cap $1.76T

P/E Ratio 59.9

Dividends 0.7%

Total Investment $40.13M

Weight 1.75%

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Chevron Corp.

CVX - Manufacturing

Market Cap $373.15B

P/E Ratio 32.4

Dividends 3.7%

Total Investment $38.81M

Weight 1.69%

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Analog Devices Inc.

ADI - Manufacturing

Market Cap $182.83B

P/E Ratio 55.5

Dividends 1.1%

Total Investment $36.32M

Weight 1.58%

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Adobe Inc

ADBE - Information

Market Cap $94.31B

P/E Ratio 13.6

Dividends 0.0%

Total Investment $32.37M

Weight 1.41%

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Meta Platforms Inc - Ordinary Shares - Class A

META - Information

Market Cap $1.64T

P/E Ratio 23.1

Dividends 0.3%

Total Investment $31.09M

Weight 1.35%

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Johnson & Johnson

JNJ - Manufacturing

Market Cap $609.12B

P/E Ratio 29.2

Dividends 2.1%

Total Investment $31.06M

Weight 1.35%

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Abbvie Inc

ABBV - Manufacturing

Market Cap $449.63B

P/E Ratio 124.8

Dividends 2.7%

Total Investment $30.69M

Weight 1.34%

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Capital One Financial Corp.

COF - Finance and Insurance

Market Cap $128.15B

P/E Ratio 73.0

Dividends 1.4%

Total Investment $27.16M

Weight 1.18%

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Manufacturing	27.8%
Finance and Insurance	13.7%
Information	7.6%
Retail Trade	5.0%
Mining, Quarrying, and Oil and Gas Extraction	3.8%
Management of Companies and Enterprises	2.7%
Financial Services	2.3%
Transportation and Warehousing	1.6%
Utilities	1.1%
Wholesale Trade	0.9%
Construction	0.7%
Real Estate and Rental and Leasing	0.3%
Energy	0.1%
Electronic Technology	0.1%
Technology	0.1%
Administrative and Support and Waste Management and Remediation Services	0.1%
Other Services (except Public Administration)	0.1%
Arts, Entertainment, and Recreation	0.1%
Professional, Scientific, and Technical Services	0.0%
Consumer Non-Durables	-0.1%
Accommodation and Food Services	-0.1%
Finance	-0.1%
Health Care and Social Assistance	-0.3%
Other	32.5%

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

Stock Screener

Apple Inc

Apple Inc

NVIDIA Corp

NVIDIA Corp

Microsoft Corporation

Microsoft Corporation

Alphabet Inc - Ordinary Shares - Class C

Alphabet Inc - Ordinary Shares - Class C

JPMorgan Chase & Co.

JPMorgan Chase & Co.

Bank Of America Corp.

Bank Of America Corp.

ASML Holding NV - New York Shares

ASML Holding NV - New York Shares

Berkshire Hathaway Inc. - Ordinary Shares - Class A

Berkshire Hathaway Inc. - Ordinary Shares - Class A

Qualcomm, Inc.

Qualcomm, Inc.

Costco Wholesale Corp

Costco Wholesale Corp

Citigroup Inc

Citigroup Inc

Amazon.com Inc.

Amazon.com Inc.

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

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

Chevron Corp.

Chevron Corp.

Analog Devices Inc.

Analog Devices Inc.

Adobe Inc

Adobe Inc

Meta Platforms Inc - Ordinary Shares - Class A

Meta Platforms Inc - Ordinary Shares - Class A

Johnson & Johnson

Johnson & Johnson

Abbvie Inc

Abbvie Inc

Capital One Financial Corp.

Capital One Financial Corp.

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