CCRV vs. FAAR

Last updated Jun 3, 2026

CCRV (iShares Commodity Curve Carry Strategy ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both Commodities funds. CCRV is passively managed, while FAAR is actively managed. At a 0.49 correlation, their price movements are largely independent. CCRV charges 0.40%/yr vs 0.95%/yr for FAAR.

Performance

CCRV vs. FAAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Commodity Curve Carry Strategy ETF (CCRV) and First Trust Alternative Absolute Return Strategy ETF (FAAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CCRV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FAAR

• 1D: 0.15%
• 1M: -0.61%
• YTD: 25.71%
• 6M: 23.52%
• 1Y: 41.39%
• 3Y*: 11.78%
• 5Y*: 8.35%
• 10Y*: 5.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CCRV vs. FAAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	-0.05%	5.74%	5.47%	19.91%	33.78%	7.37%
FAAR First Trust Alternative Absolute Return Strategy ETF	25.71%	8.07%	5.97%	-5.63%	10.15%	12.34%	5.23%

Correlation

The correlation between CCRV and FAAR is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Sep 4, 2020	0.49

Over the past year, the correlation between CCRV and FAAR has dropped to 0.29 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

Return for Risk

CCRV vs. FAAR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FAAR

FAAR Risk / Return Rank: 91
FAAR Sharpe Ratio Rank: 89
FAAR Sortino Ratio Rank: 91
FAAR Omega Ratio Rank: 85
FAAR Calmar Ratio Rank: 95
FAAR Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CCRV vs. FAAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Commodity Curve Carry Strategy ETF (CCRV) and First Trust Alternative Absolute Return Strategy ETF (FAAR). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CCRV	FAAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.64	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.45	—

Drawdowns

Drawdown Indicators

	CCRV	FAAR	Difference
Max Drawdown Largest peak-to-trough decline	—	-18.03%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-4.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.54%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.03%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.03%	—
Current Drawdown Current decline from peak	—	-1.12%	—
Average Drawdown Average peak-to-trough decline	—	-7.85%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.73%	—

Volatility

Volatility by Period

	CCRV	FAAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.48%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.03%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	11.51%	—

CCRV vs. FAAR - Expense Ratio Comparison

CCRV has a 0.40% expense ratio, which is lower than FAAR's 0.95% expense ratio.

Dividends

CCRV vs. FAAR - Dividend Comparison

CCRV has not paid dividends to shareholders, while FAAR's dividend yield for the trailing twelve months is around 9.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	0.00%	4.43%	7.26%	33.27%	26.22%	0.00%	0.00%	0.00%	0.00%
FAAR First Trust Alternative Absolute Return Strategy ETF	9.15%	11.63%	3.45%	3.20%	5.82%	6.49%	3.05%	1.02%	0.58%	2.83%

Frequently Asked Questions

Can I hold both CCRV and FAAR in my portfolio?

CCRV and FAAR have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CCRV or FAAR?

On fees, CCRV is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CCRV or FAAR?

CCRV is cheaper with a 0.40% expense ratio, compared with 0.95% for FAAR.

Which ETF pays a higher dividend yield, CCRV or FAAR?

FAAR has the higher dividend yield at 9.15%, compared with 0.00% for CCRV.

What is the main difference between CCRV and FAAR?

They also come from different issuers: iShares and First Trust. Their fees differ too: 0.40% for CCRV and 0.95% for FAAR.