TPRY vs. FAAR

Last updated Jun 4, 2026

TPRY (VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - TPRY is a Derivative Income fund tracking the BITA VistaShares TEPRTantrum Select, while FAAR is a Commodities fund actively managed by First Trust. TPRY is passively managed, while FAAR is actively managed. At a correlation of -0.50, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

TPRY vs. FAAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF (TPRY) and First Trust Alternative Absolute Return Strategy ETF (FAAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TPRY

• 1D: -0.19%
• 1M: 4.41%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FAAR

• 1D: 0.01%
• 1M: -0.79%
• YTD: 25.73%
• 6M: 23.17%
• 1Y: 40.73%
• 3Y*: 11.79%
• 5Y*: 8.07%
• 10Y*: 5.17%

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

TPRY vs. FAAR - Yearly Performance Comparison

	2026 (YTD)
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF	8.01%
FAAR First Trust Alternative Absolute Return Strategy ETF	13.29%

Correlation

The correlation between TPRY and FAAR is -0.50, 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 27, 2026	-0.50

Return for Risk

TPRY vs. FAAR — Risk / Return Rank

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

FAAR

FAAR Risk / Return Rank: 90
FAAR Sharpe Ratio Rank: 89
FAAR Sortino Ratio Rank: 90
FAAR Omega Ratio Rank: 84
FAAR Calmar Ratio Rank: 95
FAAR Martin Ratio Rank: 92

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.

TPRY vs. FAAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF (TPRY) 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.

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

Sharpe Ratios by Period

	TPRY	FAAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.04	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	0.45	+0.99

Drawdowns

TPRY vs. FAAR - Drawdown Comparison

The maximum TPRY drawdown since its inception was -10.85%, smaller than the maximum FAAR drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for TPRY and FAAR.

Drawdown Indicators

	TPRY	FAAR	Difference
Max Drawdown Largest peak-to-trough decline	-10.85%	-18.03%	+7.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.85%	—
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	-0.19%	-1.11%	+0.92%
Average Drawdown Average peak-to-trough decline	-3.13%	-7.85%	+4.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.73%	—

Volatility

Volatility by Period

	TPRY	FAAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.60%	13.48%	+10.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.60%	13.02%	+10.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.60%	11.51%	+12.09%

TPRY vs. FAAR - Expense Ratio Comparison

Both TPRY and FAAR have an expense ratio of 0.95%.

Dividends

TPRY vs. FAAR - Dividend Comparison

TPRY's dividend yield for the trailing twelve months is around 3.54%, less than FAAR's 9.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAAR First Trust Alternative Absolute Return Strategy ETF	9.15%	11.63%	3.45%	3.20%	5.82%	6.49%	3.05%	1.02%	0.58%	2.83%
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF	3.54%	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 TPRY and FAAR in my portfolio?

TPRY and FAAR have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TPRY or FAAR?

Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TPRY or FAAR?

TPRY and FAAR have the same expense ratio: 0.95% per year.

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

FAAR has the higher dividend yield at 9.15%, compared with 3.54% for TPRY.

What is the main difference between TPRY and FAAR?

TPRY is categorized as Derivative Income, while FAAR is Commodities. They also come from different issuers: VistaShares and First Trust.