MAYZ vs. FAAR
MAYZ (TrueShares Structured Outcome (May) ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - MAYZ is a Defined Outcome fund tracking the S&P 500 Price Index, while FAAR is a Commodities fund actively managed by First Trust. MAYZ is passively managed, while FAAR is actively managed. Over the past 5 years, MAYZ returned 9.06%/yr vs 7.72%/yr for FAAR. At a 0.03 correlation, their price movements are largely independent. MAYZ charges 0.79%/yr vs 0.95%/yr for FAAR.
Performance
MAYZ vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, MAYZ achieves a 6.56% return, which is significantly lower than FAAR's 19.14% return.
MAYZ
- 1D
- -1.01%
- 1M
- -0.76%
- YTD
- 6.56%
- 6M
- 5.83%
- 1Y
- 18.50%
- 3Y*
- 15.38%
- 5Y*
- 9.06%
- 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%
MAYZ vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MAYZ TrueShares Structured Outcome (May) ETF | 6.56% | 13.70% | 17.68% | 15.90% | -13.98% | 10.08% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 19.14% | 8.07% | 5.97% | -5.63% | 10.15% | 2.67% |
Correlation
The correlation between MAYZ and FAAR is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 3, 2021 | 0.03 |
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Return for Risk
MAYZ vs. FAAR — Risk / Return Rank
MAYZ
FAAR
MAYZ vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (May) ETF (MAYZ) 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.
| MAYZ | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 4.52 | -2.40 |
| Martin ratioReturn relative to average drawdown | 9.42 | 15.18 | -5.76 |
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Drawdowns
MAYZ vs. FAAR - Drawdown Comparison
The maximum MAYZ drawdown since its inception was -19.23%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for MAYZ and FAAR.
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Drawdown Indicators
| MAYZ | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.23% | -18.03% | -1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -6.29% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -13.88% | -11.54% | -2.34% |
Max Drawdown (5Y)Largest decline over 5 years | -19.23% | -18.03% | -1.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -2.29% | -6.29% | +4.00% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -7.82% | +3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.87% | +0.10% |
Volatility
MAYZ vs. FAAR - Volatility Comparison
TrueShares Structured Outcome (May) ETF (MAYZ) has a higher volatility of 3.58% compared to First Trust Alternative Absolute Return Strategy ETF (FAAR) at 2.55%. This indicates that MAYZ'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
| MAYZ | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 2.55% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 8.78% | 9.68% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.75% | 13.38% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.14% | 12.96% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.06% | 11.54% | +0.52% |
MAYZ vs. FAAR - Expense Ratio Comparison
MAYZ has a 0.79% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
MAYZ vs. FAAR - Dividend Comparison
MAYZ's dividend yield for the trailing twelve months is around 2.02%, 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% |
MAYZ TrueShares Structured Outcome (May) ETF | 2.02% | 2.15% | 1.95% | 2.75% | 0.69% | 1.90% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MAYZ and FAAR have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAYZ has higher volatility (3.58%) compared to FAAR (2.55%). In terms of maximum drawdown, MAYZ dropped -19.23% vs FAAR's -18.03%.
On 5-year performance, MAYZ leads with 9.06% vs 7.72% for FAAR. On fees, MAYZ is cheaper at 0.79% per year. On volatility, FAAR has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MAYZ has performed better with a 9.06% return vs 7.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MAYZ is cheaper with a 0.79% expense ratio, compared with 0.95% for FAAR.
FAAR has the higher dividend yield at 9.66%, compared with 2.02% for MAYZ.
MAYZ is categorized as Defined Outcome, while FAAR is Commodities. They also come from different issuers: TrueShares and First Trust. Their fees differ too: 0.79% for MAYZ and 0.95% for FAAR.
FAAR currently has the higher Sharpe Ratio (2.15 vs 1.73), 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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