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First Trust Merger Arbitrage ETF (NTRL)
About this ETF
The First Trust Equity Market Neutral ETF's (the "Fund") investment objective is to seek to provide investors with capital appreciation. Under normal market conditions, the Fund seeks to invest at least 80% of its net assets (plus any borrowings for investment purposes) in derivative instruments (exchange-traded or over-the-counter) that provide exposure to U.S exchange-listed equity securities, U.S. exchange-traded funds ("ETFs") that provide exposure to U.S. exchange-listed equity securities (directly or through derivatives) and/or U.S. exchange-listed equity securities.
Price
Top 10 holdings
| US Dollar $USD | 33.70% |
| Qualys, Inc. QLYS | 0.65% |
| BNPFTULO LONG TRS 07/14/2027 - BNP BNPFTULO_20270714 | 0.61% |
| WD-40 Company WDFC | 0.55% |
| Reinsurance Group of America, Incorporated RGA | 0.55% |
| Dropbox, Inc. (Class A) DBX | 0.55% |
| Automatic Data Processing, Inc. ADP | 0.54% |
| Ameriprise Financial, Inc. AMP | 0.54% |
| Chemed Corporation CHE | 0.54% |
| H&R Block, Inc. HRB | 0.54% |
Sector mix
Price chart
Returns
| 1 month | +0.24% |
| 3 months | +0.96% |
| 6 months | +1.35% |
| Year to date | +1.65% |
| 1 year | +1.89% |
| 3 years (ann.) | +1.69% |
| 5 years (ann.) | +1.33% |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 6.07% |
| Sharpe (1y) | 0.34 |
| Sharpe (3y) | 0.39 |
| Sortino (1y) | 0.35 |
| Max drawdown (1y) | -2.84% |
| Max drawdown (5y) | -4.79% |
| Max drawdown (full) | -11.95% |
| Beta vs S&P 500 (1y) | -0.01 |
| Correlation vs S&P 500 (1y) | -0.02 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 184 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2025-12-12 | 2025-12-31 | USD 0.1328 |
| 2025-09-25 | 2025-09-30 | USD 0.4894 |
| 2024-12-13 | 2024-12-31 | USD 0.1937 |
| 2024-09-26 | 2024-09-30 | USD 0.1618 |
| 2024-06-27 | 2024-06-28 | USD 0.0649 |
| 2023-12-22 | 2023-12-29 | USD 0.1481 |
| 2023-09-22 | 2023-09-29 | USD 0.2487 |
| 2023-06-27 | 2023-06-30 | USD 0.0459 |
| 2022-12-23 | 2022-12-30 | USD 0.2000 |
ESG profile
Benchmark: average of 30 funds of the same asset class with derived ESG data.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| iShares Bitcoin Trust ETF IBIT | 0.25% | 46.82B | — | -45.40% | -1.13 |
| Grayscale Bitcoin Trust ETF GBTC | 1.50% | 8.67B | — | -46.00% | -1.16 |
| Invesco Senior Loan ETF BKLN | 0.67% | 7.19B | 6.56% | -2.67% | -0.81 |
| abrdn Physical Gold Shares ETF SGOL | 0.17% | 6.81B | — | +20.15% | 0.80 |
| Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF PDBC | 0.74% | 5.34B | 3.01% | +27.55% | 1.37 |
| iShares Ethereum Trust ETF ETHA | 0.25% | 4.93B | — | -37.38% | -0.34 |
| abrdn Physical Silver Shares ETF SIVR | 0.30% | 3.97B | — | +55.06% | 1.04 |
| abrdn Physical Precious Metals Basket Shares ETF GLTR | 0.60% | 2.48B | — | +28.38% | 0.84 |
| abrdn Bloomberg All Commodity Strategy K-1 Free ETF BCI | 0.26% | 2.38B | 13.79% | +10.98% | 0.59 |
| Bitwise Bitcoin ETF Trust BITB | 0.20% | 2.32B | — | -45.29% | -1.13 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| WisdomTree U.S. Efficient Core Fund NTSX | 0.20% | 1.37B | 10.2% |
| Franklin Systematic Style Premia ETF FLSP | 0.65% | 1.00B | 6.2% |
| WisdomTree International Efficient Core Fund NTSI | 0.26% | 485.98M | 0.2% |
| WisdomTree Physical Bitcoin BTCW.SW | 0.15% | 1.19B | 0.0% |
| iShares Bitcoin ETP IB1T.PA | 0.15% | 1.03B | 0.0% |
