First Trust Commercial Mortgage Opportunities ETF (CAAA)

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The chart shows the growth of an initial investment of $10,000 in First Trust Commercial Mortgage Opportunities ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

First Trust Commercial Mortgage Opportunities ETF (CAAA) has returned 0.17% so far this year and 5.57% over the past 12 months.

Based on dividend-adjusted daily data since Feb 28, 2024, CAAA's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, your investment would double in approximately 12.1 years.

Historically, 77% of months were positive and 23% were negative. The best month was Aug 2024 with a return of +1.6%, while the worst month was Oct 2024 at -1.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 1 months.

On a daily basis, CAAA closed higher 52% of trading days. The best single day was Sep 15, 2025 with a return of +0.7%, while the worst single day was Apr 10, 2025 at -0.8%.

First Trust Commercial Mortgage Opportunities ETF has an annualized alpha of 5.98%, beta of 0.02, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since February 29, 2024.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (26.31%) than losses (8.47%) — typical of diversified or defensive assets.
• Beta of 0.02 may look defensive, but with R² of 0.01 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.01 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

CAAA has an expense ratio of 0.55%, placing it in the medium range.

CAAA ranks 84 for risk / return — in the top 84% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for First Trust Commercial Mortgage Opportunities ETF (CAAA) and compare them to a chosen benchmark (S&P 500 Index).

First Trust Commercial Mortgage Opportunities ETF provided a 5.68% dividend yield over the last twelve months, with an annual payout of $1.15 per share.

The table displays the monthly dividend distributions for First Trust Commercial Mortgage Opportunities ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the First Trust Commercial Mortgage Opportunities ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Trust Commercial Mortgage Opportunities ETF was 2.24%, occurring on Nov 13, 2024. Recovery took 66 trading sessions.

The current First Trust Commercial Mortgage Opportunities ETF drawdown is 1.42%.

The chart below shows the rolling one-month volatility.