FTLS vs IVV
First Trust Long/Short Equity ETF vs iShares Core S&P 500 ETF
Which is better, FTLS or IVV?
Multi Alternative against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FTLS | IVV |
|---|---|---|
| Expense Ratio | 1.38% | 0.03%Best |
| AUM | $2.9B | $876.4B |
| Dividend Yield | 0.86% | 1.06% |
| Holdings | 363 | 508 |
| YTD Return | +8.34% | +12.27%Best |
| 1Y Return | +12.15% | +17.04%Best |
| 3Y Return (annualized) | +14.05% | +21.24%Best |
| 5Y Return (annualized) | +10.52% | +13.08%Best |
| Volatility (annualized) | 8.7%Best | 14.9% |
| Max Drawdown | -20.5%Best | -33.9% |
| $10,000 over 5 years | $16,489 | $18,490Best |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Sep 8, 2014 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2014 to Sep 17, 2026 (12 years).
FTLS vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 12 years both funds cover.
FTLS vs IVV Performance
First Trust Long/Short Equity ETF (FTLS) is an ETF from First Trust Portfolios (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FTLS returned +12.15% while IVV returned +17.04%. Year to date, FTLS is up 8.34% versus a gain of 12.27% for IVV.
Over three years, FTLS compounded at +14.05% per year against +21.24% for IVV; over five years the annualized figures are +10.52% and +13.08% respectively. Across the full 12-year window we track, IVV has the edge at +12.51% annualized vs +8.64%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.9% compared with 8.7% for FTLS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.5% for FTLS and -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FTLS charges 1.38% per year while IVV charges 0.03%. On a $10,000 position that is $138 vs $3 annually, a gap of $135 per year that compounds over a long holding period. On income, FTLS currently yields 0.86% against 1.06% for IVV.
Holdings Overlap
At least 52.4% of IVV's money is in holdings FTLS also owns.
Stated as a floor: for FTLS, our book for it covers 94.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
137 positions in common, counted across the 346 positions we hold weights for in FTLS and 490 in IVV, against full books of 363 and 508.
Top Shared Holdings
| Stock | Weight in FTLS | Weight in IVV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.09% | 7.02% | 0.07% |
| NVDANvidia Corp | 3.41% | 8.07% | 4.66% |
| MSFTMicrosoft Corp | 3.97% | 5.69% | 1.72% |
| AMZNAmazon.Com Inc | 1.55% | 3.84% | 2.29% |
| GOOGLAlphabet Inc,class A | 2.08% | 3.00% | 0.92% |
| AVGOBroadcom Inc | 1.13% | 2.65% | 1.52% |
| METAMeta Platforms Inc | 1.37% | 1.90% | 0.53% |
| MAMastercard Inc | 2.40% | 0.72% | 1.68% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.84% | 0.66% | 1.18% |
| ABBVAbbvie Inc. | 1.75% | 0.68% | 1.07% |
52.4% of IVV is already inside FTLS.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FTLS or IVV?
FTLS has an expense ratio of 1.38% while IVV charges 0.03%. IVV is the cheaper option, by $135 a year on a $10,000 investment.
Which performed better, FTLS or IVV?
Over the past year FTLS returned +12.15% vs +17.04% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (12 years), FTLS annualized +8.64% vs +12.51% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FTLS or IVV?
IVV has been the more volatile fund at 14.9% annualized versus 8.7% for FTLS. Worst drawdown: FTLS -20.5% vs IVV -33.9%.
Should I hold both FTLS and IVV?
FTLS and IVV have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FTLS and IVV?
At least 52.4% of IVV's money is in holdings FTLS also owns. Our book for FTLS is partial, so the real figure is this or higher. They hold 137 positions in common, counted across the 346 positions we hold weights for in FTLS and 490 in IVV.
Which pays a higher dividend, FTLS or IVV?
FTLS yields 0.86% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than FTLS?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.