CCRV vs. FAAR

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Commodity Curve Carry Strategy ETF (CCRV) and First Trust Alternative Absolute Return Strategy ETF (FAAR).

CCRV and FAAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CCRV is a passively managed fund by iShares that tracks the performance of the CCRV-US - ICE BofA Commodity Enhanced Carry Index. It was launched on Sep 1, 2020. FAAR is an actively managed fund by First Trust. It was launched on May 18, 2016.

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.

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	24.94%	8.07%	5.97%	-5.63%	10.15%	12.34%	5.23%

Returns By Period

CCRV

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

FAAR

• 1D: -0.05%
• 1M: 12.00%
• YTD: 24.94%
• 6M: 21.95%
• 1Y: 30.08%
• 3Y*: 10.56%
• 5Y*: 9.41%
• 10Y*: —

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

CCRV vs. FAAR - Expense Ratio Comparison

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

FAAR

First Trust Alternative Absolute Return Strategy ETF

CCRV

iShares Commodity Curve Carry Strategy ETF

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: 86
FAAR Sharpe Ratio Rank: 90
FAAR Sortino Ratio Rank: 91
FAAR Omega Ratio Rank: 86
FAAR Calmar Ratio Rank: 87
FAAR Martin Ratio Rank: 76

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	—	1.97	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.45	—

Correlation

The correlation between CCRV and FAAR is 0.50, 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

CCRV vs. FAAR - Dividend Comparison

CCRV has not paid dividends to shareholders, while FAAR's dividend yield for the trailing twelve months is around 9.21%.

	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	9.21%	11.63%	3.45%	3.20%	5.82%	6.49%	3.05%	1.02%	0.58%	2.83%

Drawdowns

Drawdown Indicators

	CCRV	FAAR	Difference
Max Drawdown Largest peak-to-trough decline	—	-18.03%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.54%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.03%	—
Current Drawdown Current decline from peak	—	-0.51%	—
Average Drawdown Average peak-to-trough decline	—	-7.97%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.93%	—

Volatility

Volatility by Period

	CCRV	FAAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.33%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.00%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	11.54%	—