HYTR vs. FAAR
HYTR (CP High Yield Trend ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - HYTR is a High Yield Bonds fund tracking the CP High Yield Trend Index, while FAAR is a Commodities fund actively managed by First Trust. HYTR is passively managed, while FAAR is actively managed. Over the past 5 years, HYTR returned 2.03%/yr vs 7.89%/yr for FAAR. At a 0.03 correlation, their price movements are largely independent. HYTR charges 0.97%/yr vs 0.95%/yr for FAAR.
Performance
HYTR vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, HYTR achieves a 0.51% return, which is significantly lower than FAAR's 20.23% return.
HYTR
- 1D
- -0.07%
- 1M
- 0.53%
- YTD
- 0.51%
- 6M
- 0.82%
- 1Y
- 4.92%
- 3Y*
- 6.72%
- 5Y*
- 2.03%
- 10Y*
- —
FAAR
- 1D
- -0.05%
- 1M
- -4.34%
- YTD
- 20.23%
- 6M
- 19.92%
- 1Y
- 26.86%
- 3Y*
- 10.91%
- 5Y*
- 7.89%
- 10Y*
- 4.79%
HYTR vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HYTR CP High Yield Trend ETF | 0.51% | 5.95% | 7.25% | 8.31% | -11.29% | 2.75% | -0.97% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 20.23% | 8.07% | 5.97% | -5.63% | 10.15% | 12.34% | 8.90% |
Correlation
The correlation between HYTR and FAAR is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.03 |
The correlation between HYTR and FAAR shifts across timeframes, from -0.15 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYTR vs. FAAR — Risk / Return Rank
HYTR
FAAR
HYTR vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) 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.
| HYTR | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 4.75 | -2.58 |
| Martin ratioReturn relative to average drawdown | 7.10 | 14.70 | -7.59 |
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Drawdowns
HYTR vs. FAAR - Drawdown Comparison
The maximum HYTR drawdown since its inception was -13.25%, smaller than the maximum FAAR drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for HYTR and FAAR.
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Drawdown Indicators
| HYTR | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.25% | -18.03% | +4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.28% | -5.68% | +3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.93% | -11.54% | +6.61% |
Max Drawdown (5Y)Largest decline over 5 years | -13.25% | -18.03% | +4.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -0.39% | -5.43% | +5.04% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -7.82% | +3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.89% | -1.20% |
Volatility
HYTR vs. FAAR - Volatility Comparison
The current volatility for CP High Yield Trend ETF (HYTR) is 0.95%, while First Trust Alternative Absolute Return Strategy ETF (FAAR) has a volatility of 2.47%. This indicates that HYTR 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.
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Volatility by Period
| HYTR | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 2.47% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 9.68% | -6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 13.37% | -9.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 12.95% | -7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.84% | 11.53% | -5.69% |
HYTR vs. FAAR - Expense Ratio Comparison
HYTR has a 0.97% expense ratio, which is higher than FAAR's 0.95% expense ratio.
Dividends
HYTR vs. FAAR - Dividend Comparison
HYTR's dividend yield for the trailing twelve months is around 5.74%, less than FAAR's 9.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.57% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
HYTR CP High Yield Trend ETF | 5.74% | 5.78% | 5.55% | 5.43% | 1.24% | 3.70% | 3.05% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYTR and FAAR have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAAR has higher volatility (2.47%) compared to HYTR (0.95%). In terms of maximum drawdown, HYTR dropped -13.25% vs FAAR's -18.03%.
On 5-year performance, FAAR leads with 7.89% vs 2.03% for HYTR. On fees, FAAR is cheaper at 0.95% per year. On volatility, HYTR has been the lower-risk option at 0.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FAAR has performed better with a 7.89% return vs 2.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FAAR is cheaper with a 0.95% expense ratio, compared with 0.97% for HYTR.
FAAR has the higher dividend yield at 9.57%, compared with 5.74% for HYTR.
HYTR is categorized as High Yield Bonds, while FAAR is Commodities. They also come from different issuers: Counterpoint Mutual Funds LLC and First Trust. Their fees differ too: 0.97% for HYTR and 0.95% for FAAR.
FAAR currently has the higher Sharpe Ratio (2.02 vs 1.40), 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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