TOTL vs. FAAR
TOTL (State Street DoubleLine Total Return Tactical ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - TOTL is a Intermediate Core-Plus Bond fund actively managed by State Street, while FAAR is a Commodities fund actively managed by First Trust. Both are actively managed. Over the past 10 years, TOTL returned 1.59%/yr vs 4.79%/yr for FAAR. At a correlation of -0.06, they often move in opposite directions. TOTL charges 0.55%/yr vs 0.95%/yr for FAAR.
Performance
TOTL vs. FAAR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TOTL achieves a -0.39% return, which is significantly lower than FAAR's 20.23% return. Over the past 10 years, TOTL has underperformed FAAR with an annualized return of 1.59%, while FAAR has yielded a comparatively higher 4.79% annualized return.
TOTL
- 1D
- -0.20%
- 1M
- 0.34%
- YTD
- -0.39%
- 6M
- -0.30%
- 1Y
- 4.02%
- 3Y*
- 4.19%
- 5Y*
- 0.62%
- 10Y*
- 1.59%
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%
TOTL vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TOTL State Street DoubleLine Total Return Tactical ETF | -0.39% | 7.68% | 3.15% | 5.55% | -11.59% | -1.00% | 3.56% | 6.93% | 0.76% | 3.55% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 20.23% | 8.07% | 5.97% | -5.63% | 10.15% | 12.34% | 8.60% | -1.28% | -9.17% | 5.00% |
Correlation
The correlation between TOTL and FAAR is -0.26, 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 | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | -0.06 |
Over the past year, the inverse relationship between TOTL and FAAR has strengthened: their correlation has moved from -0.06 to -0.26, meaning they now move in opposite directions more often than their long-term average.
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
TOTL vs. FAAR — Risk / Return Rank
TOTL
FAAR
TOTL vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street DoubleLine Total Return Tactical ETF (TOTL) 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.
| TOTL | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.35 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 4.75 | -3.42 |
| Martin ratioReturn relative to average drawdown | 3.74 | 14.70 | -10.96 |
Loading charts...
Drawdowns
TOTL vs. FAAR - Drawdown Comparison
The maximum TOTL drawdown since its inception was -16.48%, smaller than the maximum FAAR drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for TOTL and FAAR.
Loading charts...
Drawdown Indicators
| TOTL | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.48% | -18.03% | +1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -5.68% | +2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -6.60% | -11.54% | +4.94% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -18.03% | +1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -16.48% | -18.03% | +1.55% |
Current DrawdownCurrent decline from peak | -2.01% | -5.43% | +3.42% |
Average DrawdownAverage peak-to-trough decline | -3.12% | -7.82% | +4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.89% | -0.81% |
Volatility
TOTL vs. FAAR - Volatility Comparison
The current volatility for State Street DoubleLine Total Return Tactical ETF (TOTL) is 1.11%, while First Trust Alternative Absolute Return Strategy ETF (FAAR) has a volatility of 2.47%. This indicates that TOTL 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.
Loading charts...
Volatility by Period
| TOTL | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 2.47% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 9.68% | -7.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 13.37% | -9.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.60% | 12.95% | -7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.79% | 11.53% | -6.74% |
TOTL vs. FAAR - Expense Ratio Comparison
TOTL has a 0.55% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
TOTL vs. FAAR - Dividend Comparison
TOTL's dividend yield for the trailing twelve months is around 5.29%, less than FAAR's 9.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
TOTL State Street DoubleLine Total Return Tactical ETF | 5.29% | 5.23% | 5.35% | 4.85% | 4.68% | 3.07% | 2.91% | 3.31% | 3.41% | 3.00% | 3.25% | 2.67% |
Frequently Asked Questions
TOTL and FAAR have a correlation of -0.26, 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 TOTL (1.11%). In terms of maximum drawdown, TOTL dropped -16.48% vs FAAR's -18.03%.
On 10-year performance, FAAR leads with 4.79% vs 1.59% for TOTL. On fees, TOTL is cheaper at 0.55% per year. On volatility, TOTL has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FAAR has performed better with a 4.79% return vs 1.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TOTL is cheaper with a 0.55% expense ratio, compared with 0.95% for FAAR.
FAAR has the higher dividend yield at 9.57%, compared with 5.29% for TOTL.
TOTL is categorized as Intermediate Core-Plus Bond, while FAAR is Commodities. They also come from different issuers: State Street and First Trust. Their fees differ too: 0.55% for TOTL and 0.95% for FAAR.
FAAR currently has the higher Sharpe Ratio (2.02 vs 1.17), 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 TOTL 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