First Trust Alternative Absolute Return Strategy ETF (FAAR)
FAAR is an actively managed ETF by First Trust. FAAR launched on May 18, 2016 and has a 0.95% expense ratio.
ETF Info
| ISIN | US33740Y1010 |
|---|---|
| CUSIP | 33740Y101 |
| Issuer | First Trust |
| Inception Date | May 18, 2016 |
| Region | Global (Broad) |
| Category | Commodities, Actively Managed |
| Index Tracked | No Index (Active) |
| Home Page | www.ftportfolios.com |
| Asset Class | Commodity |
Expense Ratio
The First Trust Alternative Absolute Return Strategy ETF has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Alternative Absolute Return Strategy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Trust Alternative Absolute Return Strategy ETF had a return of 7.60% year-to-date (YTD) and 4.40% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.60% | 6.92% |
| 1 month | 1.95% | -2.83% |
| 6 months | 6.12% | 23.86% |
| 1 year | 4.40% | 23.33% |
| 5 years (annualized) | 5.74% | 11.66% |
| 10 years (annualized) | N/A | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.79% | 1.80% | 2.31% | |||||||||
| 2023 | -0.15% | -3.31% | 0.90% | -1.41% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
First Trust Alternative Absolute Return Strategy ETF(FAAR)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Trust Alternative Absolute Return Strategy ETF (FAAR) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Trust Alternative Absolute Return Strategy ETF granted a 3.14% dividend yield in the last twelve months. The annual payout for that period amounted to $0.92 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.92 | $0.87 | $1.74 | $1.87 | $0.83 | $0.26 | $0.15 | $0.83 |
Dividend yield | 3.14% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Alternative Absolute Return Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.20 | |||||||||
| 2023 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.26 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.74 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.86 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 |
| 2018 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 |
| 2017 | $0.83 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Alternative Absolute Return Strategy 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 Alternative Absolute Return Strategy ETF was 16.65%, occurring on Mar 24, 2020. Recovery took 230 trading sessions.
The current First Trust Alternative Absolute Return Strategy ETF drawdown is 9.70%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.65% | May 22, 2018 | 463 | Mar 24, 2020 | 230 | Feb 22, 2021 | 693 |
| -16.48% | Jun 10, 2022 | 390 | Dec 28, 2023 | — | — | — |
| -12.2% | Jul 14, 2021 | 28 | Aug 20, 2021 | 117 | Feb 7, 2022 | 145 |
| -6.77% | May 4, 2017 | 52 | Jul 20, 2017 | 114 | Jan 11, 2018 | 166 |
| -6.33% | Mar 9, 2022 | 5 | Mar 15, 2022 | 60 | Jun 9, 2022 | 65 |
Volatility
Volatility Chart
The current First Trust Alternative Absolute Return Strategy ETF volatility is 2.42%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.