CAAA vs. FIBR
Compare and contrast key facts about First Trust Commercial Mortgage Opportunities ETF (CAAA) and iShares U.S. Fixed Income Balanced Risk Systematic ETF (FIBR).
CAAA and FIBR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CAAA is an actively managed fund by First Trust. It was launched on Feb 26, 2024. FIBR is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Fixed Income Balanced Risk Index. It was launched on Feb 24, 2015.
Performance
CAAA vs. FIBR - Performance Comparison
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CAAA vs. FIBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CAAA First Trust Commercial Mortgage Opportunities ETF | 0.17% | 8.03% | 4.65% |
FIBR iShares U.S. Fixed Income Balanced Risk Systematic ETF | -0.11% | 8.32% | 6.49% |
Returns By Period
In the year-to-date period, CAAA achieves a 0.17% return, which is significantly higher than FIBR's -0.11% return.
CAAA
- 1D
- 0.22%
- 1M
- -1.28%
- YTD
- 0.17%
- 6M
- 1.67%
- 1Y
- 5.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIBR
- 1D
- 0.44%
- 1M
- -1.96%
- YTD
- -0.11%
- 6M
- 0.96%
- 1Y
- 6.43%
- 3Y*
- 6.53%
- 5Y*
- 1.67%
- 10Y*
- 2.49%
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CAAA vs. FIBR - Expense Ratio Comparison
CAAA has a 0.55% expense ratio, which is higher than FIBR's 0.25% expense ratio.
Return for Risk
CAAA vs. FIBR — Risk / Return Rank
CAAA
FIBR
CAAA vs. FIBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Commercial Mortgage Opportunities ETF (CAAA) and iShares U.S. Fixed Income Balanced Risk Systematic ETF (FIBR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CAAA | FIBR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 1.67 | +0.01 |
Sortino ratioReturn per unit of downside risk | 2.43 | 2.40 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.25 | +0.51 |
Martin ratioReturn relative to average drawdown | 9.74 | 9.19 | +0.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CAAA | FIBR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.67 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.30 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.91 | 0.50 | +1.41 |
Correlation
The correlation between CAAA and FIBR is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CAAA vs. FIBR - Dividend Comparison
CAAA's dividend yield for the trailing twelve months is around 5.68%, more than FIBR's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAAA First Trust Commercial Mortgage Opportunities ETF | 5.68% | 6.09% | 4.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIBR iShares U.S. Fixed Income Balanced Risk Systematic ETF | 4.70% | 4.78% | 5.04% | 4.44% | 3.27% | 1.92% | 2.57% | 3.27% | 3.61% | 2.74% | 2.92% | 2.26% |
Drawdowns
CAAA vs. FIBR - Drawdown Comparison
The maximum CAAA drawdown since its inception was -2.24%, smaller than the maximum FIBR drawdown of -18.47%. Use the drawdown chart below to compare losses from any high point for CAAA and FIBR.
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Drawdown Indicators
| CAAA | FIBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.24% | -18.47% | +16.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.08% | -2.84% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.47% | — |
Current DrawdownCurrent decline from peak | -1.42% | -1.96% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -3.30% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.69% | -0.10% |
Volatility
CAAA vs. FIBR - Volatility Comparison
The current volatility for First Trust Commercial Mortgage Opportunities ETF (CAAA) is 1.20%, while iShares U.S. Fixed Income Balanced Risk Systematic ETF (FIBR) has a volatility of 1.91%. This indicates that CAAA experiences smaller price fluctuations and is considered to be less risky than FIBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAAA | FIBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.91% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 2.96% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 3.87% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.23% | 5.59% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.23% | 4.93% | -1.70% |