- ISIN
- US3373181094
- CUSIP
- 337318109
- Issuer
- First Trust
- Inception Date
- Aug 26, 2004
- Category
- Derivative Income
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FFA Performance Chart
First Trust Enhanced Equity Income Fund (FFA) is up 3.8% since the beginning of the year. FFA is currently trading at $22 per share. Investors who bought $1,000 worth of FFA shares 5 years ago would now be looking at an investment worth $1,566.
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Returns By Period
First Trust Enhanced Equity Income Fund (FFA) has returned 3.81% so far this year and 21.40% over the past 12 months. Over the last ten years, FFA has had an annualized return of 13.56%, just under the S&P 500 Index benchmark’s 13.88%.
First Trust Enhanced Equity Income Fund
- 1D
- -0.78%
- 1M
- -2.08%
- YTD
- 3.81%
- 6M
- 6.27%
- 1Y
- 21.40%
- 3Y*
- 16.61%
- 5Y*
- 9.38%
- 10Y*
- 13.56%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FFA Monthly Returns History
Based on dividend-adjusted daily data since Aug 27, 2004, FFA's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +13.8%, while the worst month was Feb 2020 at -13.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FFA closed higher 52% of trading days. The best single day was Nov 21, 2008 with a return of +19.7%, while the worst single day was Mar 18, 2020 at -16.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.30% | -0.34% | -5.00% | 9.07% | 3.96% | -3.01% | 3.81% | ||||||
| 2025 | -0.05% | -1.06% | -3.96% | -3.16% | 5.45% | 5.66% | 1.86% | 1.77% | 3.21% | 1.86% | -0.14% | 2.42% | 14.23% |
| 2024 | -0.66% | 3.14% | 2.65% | -3.92% | 4.57% | 6.79% | -0.71% | 2.19% | 2.40% | -1.67% | 4.20% | 1.11% | 21.46% |
| 2023 | 6.98% | -1.54% | 1.44% | 2.30% | -1.07% | 6.77% | 4.39% | -1.53% | -2.40% | -5.67% | 7.61% | 6.08% | 24.73% |
| 2022 | -4.84% | -2.12% | 3.69% | -9.33% | 0.27% | -9.50% | 8.14% | -3.85% | -11.82% | 6.67% | 6.38% | -3.55% | -20.26% |
| 2021 | -4.37% | 5.64% | 6.86% | 4.06% | 2.00% | 3.99% | 1.08% | 3.94% | -6.29% | 6.75% | -1.62% | 4.44% | 28.69% |
Benchmark Metrics
First Trust Enhanced Equity Income Fund has an annualized alpha of 1.30%, beta of 0.87, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since August 27, 2004.
- With beta of 0.87 and R2 of 0.65, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.30%
- Beta
- 0.87
- R²
- 0.65
- Upside Capture
- 100.67%
- Downside Capture
- 102.60%
Expense Ratio
FFA has a high expense ratio of 1.22%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FFA ranks 41 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Enhanced Equity Income Fund (FFA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FFA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.78 | -0.67 |
| Martin ratioReturn relative to average drawdown | 9.58 | 12.44 | -2.86 |
Dividends
Dividend History
First Trust Enhanced Equity Income Fund provided a 8.62% dividend yield over the last twelve months, with an annual payout of $1.90 per share. The fund has been increasing its distributions for 15 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.90 | $1.48 | $1.37 | $1.26 | $1.26 | $1.26 | $1.14 | $1.14 | $1.14 | $1.11 | $0.96 | $0.94 |
Dividend yield | 8.62% | 6.70% | 6.59% | 6.90% | 7.99% | 5.92% | 6.47% | 6.61% | 8.82% | 6.83% | 7.07% | 7.12% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Enhanced Equity Income Fund. 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.39 | $0.78 | ||||||
| 2025 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.39 | $1.48 |
| 2024 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.35 | $1.37 |
| 2023 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.32 | $1.26 |
| 2022 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.32 | $1.26 |
| 2021 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.32 | $1.26 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Enhanced Equity Income Fund. 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 Enhanced Equity Income Fund was 57.51%, occurring on Mar 9, 2009. Recovery took 760 trading sessions.
The current First Trust Enhanced Equity Income Fund drawdown is 3.01%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -57.51%Mar 2009 | 1y 9mo | 3y 5d | 4y 9moJun 2007 - Mar 2012 |
COVID crash2020 | -44.35%Mar 2020 | 26d | 8mo 4d | 9moFeb 2020 - Nov 2020 |
Bear market2022 | -29.96%Oct 2022 | 9mo 14d | 1y 5mo | 2y 2moDec 2021 - Mar 2024 |
Rate-hike selloffLate 2018 | -24.30%Dec 2018 | 3mo 26d | 5mo 26d | 9mo 22dAug 2018 - Jun 2019 |
2016 bear market2016 | -21.28%Jan 2016 | 8mo 4d | 11mo 1d | 1y 7moMay 2015 - Dec 2016 |
Drawdown Indicators
| FFA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.51% | -56.78% | -0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -9.10% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -19.94% | -18.90% | -1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -29.96% | -25.43% | -4.53% |
Max Drawdown (10Y)Largest decline over 10 years | -44.35% | -33.92% | -10.43% |
Current DrawdownCurrent decline from peak | -3.01% | -1.80% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -10.71% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.03% | +0.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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