SPRE vs. FAAR
SPRE (SP Funds S&P Global REIT Sharia ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - SPRE is a REIT fund tracking the S&P Global All Equity REIT Shariah Capped Index, while FAAR is a Commodities fund actively managed by First Trust. SPRE is passively managed, while FAAR is actively managed. Over the past 5 years, SPRE returned 1.92%/yr vs 8.03%/yr for FAAR. At a correlation of -0.03, they often move in opposite directions. SPRE charges 0.69%/yr vs 0.95%/yr for FAAR.
Performance
SPRE vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, SPRE achieves a 10.06% return, which is significantly lower than FAAR's 20.28% return.
SPRE
- 1D
- 0.09%
- 1M
- 0.41%
- YTD
- 10.06%
- 6M
- 11.29%
- 1Y
- 13.07%
- 3Y*
- 6.62%
- 5Y*
- 1.92%
- 10Y*
- —
FAAR
- 1D
- 0.31%
- 1M
- -4.57%
- YTD
- 20.28%
- 6M
- 20.86%
- 1Y
- 26.92%
- 3Y*
- 10.85%
- 5Y*
- 8.03%
- 10Y*
- 4.74%
SPRE vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPRE SP Funds S&P Global REIT Sharia ETF | 10.06% | 3.07% | 2.11% | 9.40% | -29.48% | 44.78% | -0.17% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 20.28% | 8.07% | 5.97% | -5.63% | 10.15% | 12.34% | 0.65% |
Correlation
The correlation between SPRE and FAAR is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2020 | -0.03 |
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Return for Risk
SPRE vs. FAAR — Risk / Return Rank
SPRE
FAAR
SPRE vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global REIT Sharia ETF (SPRE) 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.
| SPRE | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.34 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 4.72 | -3.37 |
| Martin ratioReturn relative to average drawdown | 4.65 | 14.40 | -9.75 |
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Drawdowns
SPRE vs. FAAR - Drawdown Comparison
The maximum SPRE drawdown since its inception was -38.34%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for SPRE and FAAR.
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Drawdown Indicators
| SPRE | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.34% | -18.03% | -20.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -5.68% | -3.95% |
Max Drawdown (3Y)Largest decline over 3 years | -22.04% | -11.54% | -10.50% |
Max Drawdown (5Y)Largest decline over 5 years | -38.34% | -18.03% | -20.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -10.65% | -5.39% | -5.26% |
Average DrawdownAverage peak-to-trough decline | -17.85% | -7.83% | -10.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 1.87% | +0.91% |
Volatility
SPRE vs. FAAR - Volatility Comparison
SP Funds S&P Global REIT Sharia ETF (SPRE) has a higher volatility of 4.70% compared to First Trust Alternative Absolute Return Strategy ETF (FAAR) at 2.50%. This indicates that SPRE'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
| SPRE | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 2.50% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.16% | 9.71% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.62% | 13.36% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.79% | 12.95% | +5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 11.53% | +6.88% |
SPRE vs. FAAR - Expense Ratio Comparison
SPRE has a 0.69% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
SPRE vs. FAAR - Dividend Comparison
SPRE's dividend yield for the trailing twelve months is around 3.78%, 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% |
SPRE SP Funds S&P Global REIT Sharia ETF | 3.78% | 4.10% | 4.13% | 4.16% | 4.17% | 2.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPRE and FAAR have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPRE has higher volatility (4.70%) compared to FAAR (2.50%). In terms of maximum drawdown, SPRE dropped -38.34% vs FAAR's -18.03%.
On 5-year performance, FAAR leads with 8.03% vs 1.92% for SPRE. On fees, SPRE is cheaper at 0.69% per year. On volatility, FAAR has been the lower-risk option at 2.50%. 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 8.03% return vs 1.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPRE is cheaper with a 0.69% expense ratio, compared with 0.95% for FAAR.
FAAR has the higher dividend yield at 9.57%, compared with 3.78% for SPRE.
SPRE is categorized as REIT, while FAAR is Commodities. They also come from different issuers: Toroso Investments and First Trust. Their fees differ too: 0.69% for SPRE and 0.95% for FAAR.
FAAR currently has the higher Sharpe Ratio (2.01 vs 0.95), 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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