# FFLS (The Future Fund Long/Short ETF)

The Future Fund · Alternatives ETFs · data as of Sep 18, 2026

In the S&P 500’s down weeks over the year to Sep 18, 2026, FFLS fell 85% as much as the index.

## Key facts

- FFLS, correlation with the S&P 500: +0.69, as of Sep 18, 2026.
- FFLS, beta to the S&P 500: +0.64, as of Sep 18, 2026.
- FFLS, down-week capture: 84.7%, as of Sep 18, 2026.
- FFLS, against T-bills, 52 weeks: −8.3 pts, as of Sep 18, 2026.
- FFLS, net assets: $43m (SEC N-PORT, whole fund, as filed for May 31, 2026).
- FFLS, expense ratio: 1.24% (485BPOS XBRL, Sep 26, 2025).

## FFLS over each window to Sep 18, 2026

| Window | The fund | S&P 500 | Difference, percentage points |
| --- | --- | --- | --- |
| 3 months | +0.6% | +2.3% | −1.7 pts |
| 6 months | +4.9% | +18.0% | −13.1 pts |
| 1 year | −5.0% | +16.6% | −21.6 pts |
| 3 years | +28.9% | +78.4% | −49.5 pts |
| Since it listed | +28.6% | +82.2% | −53.6 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Issuer | The Future Fund | ETFIQ |
| Strategy | Long-short equity | ETFIQ, from its prospectus |
| Expense ratio | 1.24% | 485BPOS XBRL, Sep 26, 2025 |
| Net assets | $43m | SEC N-PORT, whole fund, as filed for May 31, 2026 |
| Weeks measured | 52, from Sep 19, 2025 to Sep 18, 2026 | ETFIQ |
| Weeks the S&P 500 fell | 22 | ETFIQ |
| The S&P 500 in those weeks, on average | −1.24% | ETFIQ |
| FFLS in those weeks, on average | −1.05% | ETFIQ |
| FFLS total return over those weeks | −4.7% | ETFIQ |
| T-bills | +3.6% | ETFIQ |
| Listed since | Jun 21, 2023 | ETFIQ |
| Days traded | 90 | ETFIQ |
| Quoted | on an exchange, every trading day | ETFIQ |

## Questions

### Does FFLS move with the S&P 500?

Over the year to Sep 18, 2026, FFLS’s weekly returns had a correlation of +0.69 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was +0.64, so for each 1% the index moved it moved about 0.64% the same way.

### What did FFLS do when stocks fell?

The S&P 500 fell in 22 of the 52 weeks to Sep 18, 2026, by 1.24% on average. In those weeks FFLS fell 1.05% on average, a down-week capture of 84.7%.

### Did FFLS earn more than cash?

Over the same 52 weeks FFLS returned −4.7% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.6%. FFLS finished 8.3 percentage points behind it.

### What does FFLS cost?

The prospectus expense ratio is 1.24% a year.

### Why is FFLS listed as long-short equity?

ETFIQ files each fund by what its own prospectus says it does, and FFLS’s, filed Sep 26, 2025, describes a long-short equity fund.


## Cite this page

ETFIQ, FFLS, data as of Sep 18, 2026. https://etfiq.com/funds/ffls
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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