FAAR vs. FUTY
Compare and contrast key facts about First Trust Alternative Absolute Return Strategy ETF (FAAR) and Fidelity MSCI Utilities Index ETF (FUTY).
FAAR and FUTY 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. FUTY is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Utilities Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAAR or FUTY.
Performance
FAAR vs. FUTY - Performance Comparison
Returns By Period
In the year-to-date period, FAAR achieves a 3.70% return, which is significantly lower than FUTY's 28.09% return.
FAAR
3.70%
-0.68%
-1.33%
1.81%
5.61%
N/A
FUTY
28.09%
-2.78%
11.07%
31.93%
7.72%
9.13%
Key characteristics
| FAAR | FUTY | |
|---|---|---|
| Sharpe Ratio | 0.23 | 2.10 |
| Sortino Ratio | 0.39 | 2.88 |
| Omega Ratio | 1.04 | 1.36 |
| Calmar Ratio | 0.11 | 1.66 |
| Martin Ratio | 0.78 | 10.21 |
| Ulcer Index | 2.40% | 3.17% |
| Daily Std Dev | 8.34% | 15.43% |
| Max Drawdown | -16.65% | -36.44% |
| Current Drawdown | -12.97% | -3.22% |
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FAAR vs. FUTY - Expense Ratio Comparison
FAAR has a 0.95% expense ratio, which is higher than FUTY's 0.08% expense ratio.
Correlation
The correlation between FAAR and FUTY is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
FAAR vs. FUTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Alternative Absolute Return Strategy ETF (FAAR) and Fidelity MSCI Utilities Index ETF (FUTY). 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.
Dividends
FAAR vs. FUTY - Dividend Comparison
FAAR's dividend yield for the trailing twelve months is around 3.23%, more than FUTY's 2.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 3.23% | 3.20% | 5.82% | 6.49% | 3.04% | 1.02% | 0.58% | 2.83% | 0.00% | 0.00% | 0.00% | 0.00% |
FUTY Fidelity MSCI Utilities Index ETF | 2.73% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% | 3.04% | 0.86% |
Drawdowns
FAAR vs. FUTY - Drawdown Comparison
The maximum FAAR drawdown since its inception was -16.65%, smaller than the maximum FUTY drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for FAAR and FUTY. For additional features, visit the drawdowns tool.
Volatility
FAAR vs. FUTY - Volatility Comparison
The current volatility for First Trust Alternative Absolute Return Strategy ETF (FAAR) is 3.14%, while Fidelity MSCI Utilities Index ETF (FUTY) has a volatility of 5.11%. This indicates that FAAR experiences smaller price fluctuations and is considered to be less risky than FUTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.