KCOP vs. FAAR

Last updated Jun 24, 2026

KCOP (Kurv Copper & Mining Enhanced Income ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - KCOP is a Copper fund actively managed by Kurv, while FAAR is a Commodities fund actively managed by First Trust. Both are actively managed. At a correlation of -0.23, they often move in opposite directions. KCOP charges 0.99%/yr vs 0.95%/yr for FAAR.

Performance

KCOP vs. FAAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Copper & Mining Enhanced Income ETF (KCOP) and First Trust Alternative Absolute Return Strategy ETF (FAAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KCOP

• 1D: -5.58%
• 1M: -4.75%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FAAR

• 1D: -0.91%
• 1M: -5.21%
• YTD: 19.14%
• 6M: 18.06%
• 1Y: 28.33%
• 3Y*: 10.57%
• 5Y*: 7.72%
• 10Y*: 4.69%

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

KCOP vs. FAAR - Yearly Performance Comparison

	2026 (YTD)
KCOP Kurv Copper & Mining Enhanced Income ETF	-4.46%
FAAR First Trust Alternative Absolute Return Strategy ETF	10.83%

Correlation

The correlation between KCOP and FAAR is -0.23, 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 (All Time) Calculated using the full available price history since Feb 13, 2026	-0.23

Return for Risk

KCOP vs. FAAR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KCOP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FAAR

FAAR Risk / Return Rank: 75
FAAR Sharpe Ratio Rank: 71
FAAR Sortino Ratio Rank: 74
FAAR Omega Ratio Rank: 65
FAAR Calmar Ratio Rank: 86
FAAR Martin Ratio Rank: 81

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.

KCOP vs. FAAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Copper & Mining Enhanced Income ETF (KCOP) 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.

	KCOP	FAAR	Difference
Sharpe ratio: Return per unit of total volatility	—	2.15	—
Sortino ratio: Return per unit of downside risk	—	3.09	—
Omega ratio: Gain probability vs. loss probability	—	1.37	—
Calmar ratio: Return relative to maximum drawdown	—	4.52	—
Martin ratio: Return relative to average drawdown	—	15.18	—

Drawdowns

KCOP vs. FAAR - Drawdown Comparison

The maximum KCOP drawdown since its inception was -21.55%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for KCOP and FAAR.

Drawdown Indicators

	KCOP	FAAR	Difference
Max Drawdown Largest peak-to-trough decline	-21.55%	-18.03%	-3.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.29%	—
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 Drawdown Current decline from peak	-12.61%	-6.29%	-6.32%
Average Drawdown Average peak-to-trough decline	-8.42%	-7.82%	-0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.87%	—

Volatility

Volatility by Period

	KCOP	FAAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	44.23%	13.38%	+30.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.23%	12.96%	+31.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.23%	11.54%	+32.69%

KCOP vs. FAAR - Expense Ratio Comparison

KCOP has a 0.99% expense ratio, which is higher than FAAR's 0.95% expense ratio.

Dividends

KCOP vs. FAAR - Dividend Comparison

KCOP's dividend yield for the trailing twelve months is around 5.29%, less than FAAR's 9.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAAR First Trust Alternative Absolute Return Strategy ETF	9.66%	11.63%	3.45%	3.20%	5.82%	6.49%	3.05%	1.02%	0.58%	2.83%
KCOP Kurv Copper & Mining Enhanced Income ETF	5.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KCOP and FAAR in my portfolio?

KCOP and FAAR have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KCOP or FAAR?

On fees, FAAR is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KCOP or FAAR?

FAAR is cheaper with a 0.95% expense ratio, compared with 0.99% for KCOP.

Which ETF pays a higher dividend yield, KCOP or FAAR?

FAAR has the higher dividend yield at 9.66%, compared with 5.29% for KCOP.

What is the main difference between KCOP and FAAR?

KCOP is categorized as Copper, while FAAR is Commodities. They also come from different issuers: Kurv and First Trust. Their fees differ too: 0.99% for KCOP and 0.95% for FAAR.