FSCO vs. FAAR
FSCO (FS Credit Opportunities Corp.) is a stock, while FAAR (First Trust Alternative Absolute Return Strategy ETF) is Commodities fund actively managed by First Trust. Over the past 3 years, FSCO returned 11.76%/yr vs 9.29%/yr for FAAR. At a correlation of -0.00, they often move in opposite directions.
Performance
FSCO vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, FSCO achieves a -17.89% return, which is significantly lower than FAAR's 16.56% return.
FSCO
- 1D
- 0.42%
- 1M
- -0.83%
- 6M
- -20.17%
- YTD
- -17.89%
- 1Y
- -23.85%
- 3Y*
- 11.76%
- 5Y*
- —
- 10Y*
- —
FAAR
- 1D
- 0.39%
- 1M
- -4.15%
- 6M
- 11.51%
- YTD
- 16.56%
- 1Y
- 23.68%
- 3Y*
- 9.29%
- 5Y*
- 7.07%
- 10Y*
- 4.26%
FSCO vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | -17.89% | 3.68% | 34.88% | 36.98% | -3.98% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 16.56% | 8.07% | 5.97% | -5.63% | 0.29% |
Correlation
The correlation between FSCO and FAAR is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2022 | -0.00 |
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Return for Risk
FSCO vs. FAAR — Risk / Return Rank
FSCO
FAAR
FSCO vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FS Credit Opportunities Corp. (FSCO) 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.
| FSCO | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.71 | ||
| Sortino ratioReturn per unit of downside risk | -3.76 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.32 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 2.66 | -3.33 |
| Martin ratioReturn relative to average drawdown | -1.23 | 8.62 | -9.85 |
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Drawdowns
FSCO vs. FAAR - Drawdown Comparison
The maximum FSCO drawdown since its inception was -35.53%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for FSCO and FAAR.
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Drawdown Indicators
| FSCO | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.53% | -18.03% | -17.50% |
Max Drawdown (1Y)Largest decline over 1 year | -35.53% | -8.94% | -26.59% |
Max Drawdown (3Y)Largest decline over 3 years | -35.53% | -11.54% | -23.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -28.31% | -8.32% | -19.99% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -7.83% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.43% | 2.76% | +16.67% |
Volatility
FSCO vs. FAAR - Volatility Comparison
FS Credit Opportunities Corp. (FSCO) has a higher volatility of 4.77% compared to First Trust Alternative Absolute Return Strategy ETF (FAAR) at 2.92%. This indicates that FSCO's price experiences larger fluctuations and is considered to be riskier than FAAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSCO | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 2.92% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 22.65% | 9.70% | +12.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.63% | 12.90% | +14.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.00% | 11.93% | +16.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.00% | 11.55% | +16.45% |
Dividends
FSCO vs. FAAR - Dividend Comparison
FSCO's dividend yield for the trailing twelve months is around 16.06%, more than FAAR's 9.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.82% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
FSCO FS Credit Opportunities Corp. | 16.06% | 12.65% | 10.47% | 11.26% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSCO and FAAR have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCO has higher volatility (4.77%) compared to FAAR (2.92%). In terms of maximum drawdown, FSCO dropped -35.53% vs FAAR's -18.03%.
FAAR currently has the higher Sharpe Ratio (1.84 vs -0.87), 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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