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FAAR vs. BTC-USD
Performance
Return for Risk
Drawdowns
Volatility

Performance

FAAR vs. BTC-USD - Performance Comparison

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

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Returns By Period

In the year-to-date period, FAAR achieves a 25.71% return, which is significantly higher than BTC-USD's -27.71% return. Over the past 10 years, FAAR has underperformed BTC-USD with an annualized return of 5.17%, while BTC-USD has yielded a comparatively higher 60.00% annualized return.


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%

BTC-USD

1D
-5.18%
1M
-20.79%
YTD
-27.71%
6M
-32.32%
1Y
-40.02%
3Y*
32.61%
5Y*
11.41%
10Y*
60.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FAAR vs. BTC-USD - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FAAR
First Trust Alternative Absolute Return Strategy ETF
25.71%8.07%5.97%-5.63%10.15%12.34%8.60%-1.28%-9.17%5.00%
BTC-USD
Bitcoin
-27.71%-6.27%120.76%155.82%-64.23%59.40%304.57%94.10%-73.37%1,324.24%

Correlation

The correlation between FAAR and BTC-USD is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.00

Correlation (3Y)
Calculated over the trailing 3-year period

0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.01

Correlation (10Y)
Calculated over the trailing 10-year period

0.02

Correlation (All Time)
Calculated using the full available price history since May 24, 2016

0.02

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Return for Risk

FAAR vs. BTC-USD — Risk / Return Rank

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

FAAR
FAAR Risk / Return Rank: 9191
Overall Rank
FAAR Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
FAAR Sortino Ratio Rank: 9191
Sortino Ratio Rank
FAAR Omega Ratio Rank: 8585
Omega Ratio Rank
FAAR Calmar Ratio Rank: 9595
Calmar Ratio Rank
FAAR Martin Ratio Rank: 9393
Martin Ratio Rank

BTC-USD
BTC-USD Risk / Return Rank: 3939
Overall Rank
BTC-USD Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
BTC-USD Sortino Ratio Rank: 3232
Sortino Ratio Rank
BTC-USD Omega Ratio Rank: 3131
Omega Ratio Rank
BTC-USD Calmar Ratio Rank: 7171
Calmar Ratio Rank
BTC-USD Martin Ratio Rank: 5050
Martin Ratio Rank
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.

FAAR vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Alternative Absolute Return Strategy ETF (FAAR) and Bitcoin (BTC-USD). 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.


FAARBTC-USDDifference

Sharpe ratio

Return per unit of total volatility

3.09

-0.93

+4.02

Sortino ratio

Return per unit of downside risk

4.29

-1.31

+5.60

Omega ratio

Gain probability vs. loss probability

1.53

0.87

+0.66

Calmar ratio

Return relative to maximum drawdown

8.69

-0.81

+9.50

Martin ratio

Return relative to average drawdown

24.41

-1.42

+25.83

FAAR vs. BTC-USD - Sharpe Ratio Comparison

The current FAAR Sharpe Ratio is 3.09, which is higher than the BTC-USD Sharpe Ratio of -0.93. The chart below compares the historical Sharpe Ratios of FAAR and BTC-USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


FAARBTC-USDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.09

-0.93

+4.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

0.21

+0.43

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.88

-0.43

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

1.13

-0.68

Drawdowns

FAAR vs. BTC-USD - Drawdown Comparison

The maximum FAAR drawdown since its inception was -18.03%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for FAAR and BTC-USD.


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Drawdown Indicators


FAARBTC-USDDifference

Max Drawdown

Largest peak-to-trough decline

-18.03%

-85.30%

+67.27%

Max Drawdown (1Y)

Largest decline over 1 year

-4.85%

-49.65%

+44.80%

Max Drawdown (3Y)

Largest decline over 3 years

-11.54%

-49.65%

+38.11%

Max Drawdown (5Y)

Largest decline over 5 years

-18.03%

-76.67%

+58.64%

Max Drawdown (10Y)

Largest decline over 10 years

-18.03%

-83.80%

+65.77%

Current Drawdown

Current decline from peak

-1.12%

-49.29%

+48.17%

Average Drawdown

Average peak-to-trough decline

-7.85%

-42.27%

+34.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.73%

33.73%

-32.00%

Volatility

FAAR vs. BTC-USD - Volatility Comparison

The current volatility for First Trust Alternative Absolute Return Strategy ETF (FAAR) is 2.45%, while Bitcoin (BTC-USD) has a volatility of 10.81%. This indicates that FAAR experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FAARBTC-USDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.45%

10.81%

-8.36%

Volatility (6M)

Calculated over the trailing 6-month period

9.73%

34.33%

-24.60%

Volatility (1Y)

Calculated over the trailing 1-year period

13.48%

35.60%

-22.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.03%

45.05%

-32.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.51%

56.69%

-45.18%

Frequently Asked Questions


FAAR and BTC-USD have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BTC-USD has higher volatility (10.81%) compared to FAAR (2.45%). In terms of maximum drawdown, FAAR dropped -18.03% vs BTC-USD's -85.30%.

FAAR currently has the higher Sharpe Ratio (3.09 vs -0.93), 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.

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