CCSB vs. FAAR

Last updated Jun 24, 2026

CCSB (Carbon Collective Short Duration Green Bond ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - CCSB is a Short-Term Bond fund actively managed by Carbon Collective, while FAAR is a Commodities fund actively managed by First Trust. Both are actively managed. Over the past year, CCSB returned 2.46% vs 28.33% for FAAR. At a correlation of -0.10, they often move in opposite directions. CCSB charges 0.51%/yr vs 0.95%/yr for FAAR.

Performance

CCSB vs. FAAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carbon Collective Short Duration Green Bond ETF (CCSB) and First Trust Alternative Absolute Return Strategy ETF (FAAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCSB achieves a 1.09% return, which is significantly lower than FAAR's 19.14% return.

CCSB

• 1D: 0.28%
• 1M: 0.59%
• YTD: 1.09%
• 6M: 1.00%
• 1Y: 2.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FAAR

• 1D: -0.91%
• 1M: -5.21%
• YTD: 19.14%
• 6M: 18.06%
• 1Y: 28.33%
• 3Y*: 10.57%
• 5Y*: 7.72%
• 10Y*: 4.69%

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

CCSB vs. FAAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CCSB Carbon Collective Short Duration Green Bond ETF	1.09%	4.37%	3.89%
FAAR First Trust Alternative Absolute Return Strategy ETF	19.14%	8.07%	-0.94%

Correlation

The correlation between CCSB and FAAR is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.21
Correlation (All Time) Calculated using the full available price history since Apr 12, 2024	-0.10

The correlation between CCSB and FAAR shifts across timeframes, from -0.21 (1 year) to -0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CCSB vs. FAAR — Risk / Return Rank

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

CCSB

CCSB Risk / Return Rank: 12
CCSB Sharpe Ratio Rank: 11
CCSB Sortino Ratio Rank: 10
CCSB Omega Ratio Rank: 20
CCSB Calmar Ratio Rank: 10
CCSB Martin Ratio Rank: 10

FAAR

FAAR Risk / Return Rank: 75
FAAR Sharpe Ratio Rank: 71
FAAR Sortino Ratio Rank: 74
FAAR Omega Ratio Rank: 65
FAAR Calmar Ratio Rank: 86
FAAR Martin Ratio Rank: 81

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.

CCSB vs. FAAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carbon Collective Short Duration Green Bond ETF (CCSB) 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.

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.

	CCSB	FAAR	Difference
Sharpe ratio: Return per unit of total volatility	0.13	2.15	-2.03
Sortino ratio: Return per unit of downside risk	0.34	3.09	-2.76
Omega ratio: Gain probability vs. loss probability	1.13	1.37	-0.24
Calmar ratio: Return relative to maximum drawdown	0.17	4.52	-4.36
Martin ratio: Return relative to average drawdown	0.23	15.18	-14.95

CCSB vs. FAAR - Sharpe Ratio Comparison

The current CCSB Sharpe Ratio is 0.13, which is lower than the FAAR Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of CCSB and FAAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CCSB vs. FAAR - Drawdown Comparison

The maximum CCSB drawdown since its inception was -14.95%, smaller than the maximum FAAR drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for CCSB and FAAR.

Drawdown Indicators

	CCSB	FAAR	Difference
Max Drawdown Largest peak-to-trough decline	-14.95%	-18.03%	+3.08%
Max Drawdown (1Y) Largest decline over 1 year	-14.95%	-6.29%	-8.66%
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	-11.26%	-6.29%	-4.97%
Average Drawdown Average peak-to-trough decline	-4.51%	-7.82%	+3.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.67%	1.87%	+8.80%

Volatility

CCSB vs. FAAR - Volatility Comparison

The current volatility for Carbon Collective Short Duration Green Bond ETF (CCSB) is 1.01%, while First Trust Alternative Absolute Return Strategy ETF (FAAR) has a volatility of 2.55%. This indicates that CCSB experiences smaller price fluctuations and is considered to be less risky than FAAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCSB	FAAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	2.55%	-1.54%
Volatility (6M) Calculated over the trailing 6-month period	5.27%	9.68%	-4.41%
Volatility (1Y) Calculated over the trailing 1-year period	19.21%	13.38%	+5.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.27%	12.96%	+0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.27%	11.54%	+1.73%

CCSB vs. FAAR - Expense Ratio Comparison

CCSB has a 0.51% expense ratio, which is lower than FAAR's 0.95% expense ratio.

Dividends

CCSB vs. FAAR - Dividend Comparison

CCSB's dividend yield for the trailing twelve months is around 4.61%, less than FAAR's 9.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCSB Carbon Collective Short Duration Green Bond ETF	4.61%	4.79%	3.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FAAR First Trust Alternative Absolute Return Strategy ETF	9.66%	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 CCSB and FAAR in my portfolio?

CCSB and FAAR have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CCSB or FAAR?

FAAR has higher volatility (2.55%) compared to CCSB (1.01%). In terms of maximum drawdown, CCSB dropped -14.95% vs FAAR's -18.03%.

Which ETF is better, CCSB or FAAR?

On 1-year performance, FAAR leads with 28.33% vs 2.46% for CCSB. On fees, CCSB is cheaper at 0.51% per year. On volatility, CCSB has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CCSB or FAAR?

Over the 1-year period, FAAR has performed better with a 28.33% return vs 2.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CCSB or FAAR?

CCSB is cheaper with a 0.51% expense ratio, compared with 0.95% for FAAR.

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

FAAR has the higher dividend yield at 9.66%, compared with 4.61% for CCSB.

What is the main difference between CCSB and FAAR?

CCSB is categorized as Short-Term Bond, while FAAR is Commodities. They also come from different issuers: Carbon Collective and First Trust. Their fees differ too: 0.51% for CCSB and 0.95% for FAAR.

Which has better risk-adjusted returns?

FAAR currently has the higher Sharpe Ratio (2.15 vs 0.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.