XUSP vs. FAAR
XUSP (Innovator Uncapped Accelerated U.S. Equity ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - XUSP is a Options Trading fund actively managed by Innovator, while FAAR is a Commodities fund actively managed by First Trust. Both are actively managed. Over the past 3 years, XUSP returned 23.78%/yr vs 10.91%/yr for FAAR. At a 0.01 correlation, their price movements are largely independent. XUSP charges 0.79%/yr vs 0.95%/yr for FAAR.
Performance
XUSP vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, XUSP achieves a 10.53% return, which is significantly lower than FAAR's 20.23% return.
XUSP
- 1D
- -0.60%
- 1M
- -0.28%
- YTD
- 10.53%
- 6M
- 9.88%
- 1Y
- 31.76%
- 3Y*
- 23.78%
- 5Y*
- —
- 10Y*
- —
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%
XUSP vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XUSP Innovator Uncapped Accelerated U.S. Equity ETF | 10.53% | 18.27% | 30.60% | 26.46% | -10.20% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 20.23% | 8.07% | 5.97% | -5.63% | -1.95% |
Correlation
The correlation between XUSP and FAAR is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2022 | 0.01 |
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Return for Risk
XUSP vs. FAAR — Risk / Return Rank
XUSP
FAAR
XUSP vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Uncapped Accelerated U.S. Equity ETF (XUSP) 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.
| XUSP | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 4.75 | -2.12 |
| Martin ratioReturn relative to average drawdown | 10.77 | 14.70 | -3.93 |
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Drawdowns
XUSP vs. FAAR - Drawdown Comparison
The maximum XUSP drawdown since its inception was -22.59%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for XUSP and FAAR.
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Drawdown Indicators
| XUSP | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -18.03% | -4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -5.68% | -6.45% |
Max Drawdown (3Y)Largest decline over 3 years | -22.59% | -11.54% | -11.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -2.74% | -5.43% | +2.69% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -7.82% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 1.89% | +1.07% |
Volatility
XUSP vs. FAAR - Volatility Comparison
Innovator Uncapped Accelerated U.S. Equity ETF (XUSP) has a higher volatility of 6.26% compared to First Trust Alternative Absolute Return Strategy ETF (FAAR) at 2.47%. This indicates that XUSP'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
| XUSP | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 2.47% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 9.68% | +3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.72% | 13.37% | +3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.32% | 12.95% | +6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.32% | 11.53% | +7.79% |
XUSP vs. FAAR - Expense Ratio Comparison
XUSP has a 0.79% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
XUSP vs. FAAR - Dividend Comparison
XUSP has not paid dividends to shareholders, while FAAR's dividend yield for the trailing twelve months is around 9.57%.
| 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% |
XUSP Innovator Uncapped Accelerated U.S. Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XUSP and FAAR have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XUSP has higher volatility (6.26%) compared to FAAR (2.47%). In terms of maximum drawdown, XUSP dropped -22.59% vs FAAR's -18.03%.
On 3-year performance, XUSP leads with 23.78% vs 10.91% for FAAR. On fees, XUSP is cheaper at 0.79% per year. On volatility, FAAR has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XUSP has performed better with a 23.78% return vs 10.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XUSP is cheaper with a 0.79% expense ratio, compared with 0.95% for FAAR.
FAAR has the higher dividend yield at 9.57%, compared with 0.00% for XUSP.
XUSP is categorized as Options Trading, while FAAR is Commodities. They also come from different issuers: Innovator and First Trust. Their fees differ too: 0.79% for XUSP and 0.95% for FAAR.
FAAR currently has the higher Sharpe Ratio (2.02 vs 1.91), 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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