FAAR vs. CCRV

Last updated Apr 1, 2026

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

FAAR and CCRV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAAR is an actively managed fund by First Trust. It was launched on May 18, 2016. 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.

Performance

FAAR vs. CCRV - Performance Comparison

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

FAAR vs. CCRV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FAAR First Trust Alternative Absolute Return Strategy ETF	24.94%	8.07%	5.97%	-5.63%	10.15%	12.34%	5.23%
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	-0.05%	5.74%	5.47%	19.91%	33.78%	7.37%

Returns By Period

FAAR

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

CCRV

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

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

FAAR vs. CCRV - Expense Ratio Comparison

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

FAAR

First Trust Alternative Absolute Return Strategy ETF

CCRV

iShares Commodity Curve Carry Strategy ETF

Return for Risk

FAAR vs. CCRV — 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.

FAAR vs. CCRV - Risk-Adjusted Trends Comparison

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

	FAAR	CCRV	Difference
Sharpe ratio Return per unit of total volatility	1.97	—	—
Sortino ratio Return per unit of downside risk	2.65	—	—
Omega ratio Gain probability vs. loss probability	1.35	—	—
Calmar ratio Return relative to maximum drawdown	2.71	—	—
Martin ratio Return relative to average drawdown	7.95	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FAAR	CCRV	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 FAAR and CCRV 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

FAAR vs. CCRV - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Drawdowns

Drawdown Indicators

	FAAR	CCRV	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

	FAAR	CCRV	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%	—	—