IBGK vs. FAAR
IBGK (iShares iBonds Dec 2054 Term Treasury ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - IBGK is a Long-Term Bond fund tracking the ICE 2054 Maturity US Treasury Index, while FAAR is a Commodities fund actively managed by First Trust. IBGK is passively managed, while FAAR is actively managed. Over the past year, IBGK returned -1.96% vs 20.01% for FAAR. Their -0.17 correlation means they have often moved in opposite directions in the past. IBGK charges 0.07%/yr vs 0.95%/yr for FAAR.
Performance
IBGK vs. FAAR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBGK achieves a -3.18% return, which is significantly lower than FAAR's 14.32% return.
IBGK
- 1D
- 0.42%
- 1M
- -3.43%
- 6M
- -2.71%
- YTD
- -3.18%
- 1Y
- -1.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.45%
FAAR
- 1D
- -1.43%
- 1M
- -2.21%
- 6M
- 6.89%
- YTD
- 14.32%
- 1Y
- 20.01%
- 3Y*
- 8.41%
- 5Y*
- 7.00%
- 10Y*
- 4.20%
- ALL TIME*
- 4.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.39M | $1.09M | $1.71M | |
| $14.80K | $17.29K | $31.57K |
IBGK vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBGK iShares iBonds Dec 2054 Term Treasury ETF | -3.18% | 3.66% | -3.44% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 14.32% | 8.07% | 2.12% |
Correlation
The correlation between IBGK and FAAR is -0.33, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2024 | -0.17 |
The correlation between IBGK and FAAR shifts across timeframes, from -0.33 (1 year) to -0.17 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBGK vs. FAAR — Risk / Return Rank
IBGK
FAAR
IBGK vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2054 Term Treasury ETF (IBGK) 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.
| IBGK | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.28 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 2.00 | -2.26 |
| Martin ratioReturn relative to average drawdown | -0.57 | 6.00 | -6.57 |
Loading charts...
Drawdowns
IBGK vs. FAAR - Drawdown Comparison
The maximum IBGK drawdown since its inception was -14.62%, smaller than the maximum FAAR drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for IBGK and FAAR.
Loading charts...
Drawdown Indicators
| IBGK | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.62% | -18.03% | +3.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -10.08% | +2.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.54% | — |
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 | -11.76% | -10.08% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -7.83% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 3.35% | +0.09% |
Volatility
IBGK vs. FAAR - Volatility Comparison
iShares iBonds Dec 2054 Term Treasury ETF (IBGK) and First Trust Alternative Absolute Return Strategy ETF (FAAR) have volatilities of 2.45% and 2.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBGK | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 2.52% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 6.58% | 9.47% | -2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.86% | 12.76% | -3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.62% | 11.89% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.62% | 11.55% | +0.07% |
IBGK vs. FAAR - Expense Ratio Comparison
IBGK has a 0.07% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
IBGK vs. FAAR - Dividend Comparison
IBGK's dividend yield for the trailing twelve months is around 4.84%, less than FAAR's 10.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 10.01% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
IBGK iShares iBonds Dec 2054 Term Treasury ETF | 4.84% | 4.59% | 3.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBGK and FAAR have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAAR has higher volatility (2.52%) compared to IBGK (2.45%). In terms of maximum drawdown, IBGK dropped -14.62% vs FAAR's -18.03%.
On 1-year performance, FAAR leads with 20.01% vs -1.96% for IBGK. On fees, IBGK is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FAAR has performed better with a 20.01% return vs -1.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBGK is cheaper with a 0.07% expense ratio, compared with 0.95% for FAAR.
FAAR has the higher dividend yield at 10.01%, compared with 4.84% for IBGK.
IBGK is categorized as Long-Term Bond, while FAAR is Commodities. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.07% for IBGK and 0.95% for FAAR.
FAAR currently has the higher Sharpe Ratio (1.58 vs -0.22), 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.
Find the right allocation for IBGK and FAAR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer