ZECP vs. FAAR
ZECP (Zacks Earnings Consistent Portfolio ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - ZECP is a Large Cap Blend Equities fund actively managed by Zacks, while FAAR is a Commodities fund actively managed by First Trust. Both are actively managed. Over the past 3 years, ZECP returned 15.60%/yr vs 10.57%/yr for FAAR. At a correlation of -0.01, they often move in opposite directions. ZECP charges 0.55%/yr vs 0.95%/yr for FAAR.
Performance
ZECP vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, ZECP achieves a 6.65% return, which is significantly lower than FAAR's 19.14% return.
ZECP
- 1D
- -0.12%
- 1M
- 0.05%
- YTD
- 6.65%
- 6M
- 5.71%
- 1Y
- 19.89%
- 3Y*
- 15.60%
- 5Y*
- —
- 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%
ZECP vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZECP Zacks Earnings Consistent Portfolio ETF | 6.65% | 15.03% | 17.32% | 13.88% | -13.41% | 7.62% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 19.14% | 8.07% | 5.97% | -5.63% | 10.15% | 4.87% |
Correlation
The correlation between ZECP and FAAR is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2021 | -0.01 |
The correlation between ZECP and FAAR shifts across timeframes, from -0.14 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZECP vs. FAAR — Risk / Return Rank
ZECP
FAAR
ZECP vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zacks Earnings Consistent Portfolio ETF (ZECP) 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.
| ZECP | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 4.52 | -2.12 |
| Martin ratioReturn relative to average drawdown | 10.91 | 15.18 | -4.27 |
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Drawdowns
ZECP vs. FAAR - Drawdown Comparison
The maximum ZECP drawdown since its inception was -21.86%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for ZECP and FAAR.
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Drawdown Indicators
| ZECP | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.86% | -18.03% | -3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.32% | -6.29% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -15.47% | -11.54% | -3.93% |
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 | -1.40% | -6.29% | +4.89% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -7.82% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 1.87% | -0.04% |
Volatility
ZECP vs. FAAR - Volatility Comparison
Zacks Earnings Consistent Portfolio ETF (ZECP) has a higher volatility of 3.24% compared to First Trust Alternative Absolute Return Strategy ETF (FAAR) at 2.55%. This indicates that ZECP'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
| ZECP | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 2.55% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 8.44% | 9.68% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.79% | 13.38% | -2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 12.96% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.63% | 11.54% | +3.09% |
ZECP vs. FAAR - Expense Ratio Comparison
ZECP has a 0.55% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
ZECP vs. FAAR - Dividend Comparison
ZECP's dividend yield for the trailing twelve months is around 0.74%, 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% |
ZECP Zacks Earnings Consistent Portfolio ETF | 0.74% | 0.79% | 0.63% | 0.73% | 0.91% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZECP and FAAR have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZECP has higher volatility (3.24%) compared to FAAR (2.55%). In terms of maximum drawdown, ZECP dropped -21.86% vs FAAR's -18.03%.
On 3-year performance, ZECP leads with 15.60% vs 10.57% for FAAR. On fees, ZECP is cheaper at 0.55% 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 3-year period, ZECP has performed better with a 15.60% return vs 10.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ZECP is cheaper with a 0.55% expense ratio, compared with 0.95% for FAAR.
FAAR has the higher dividend yield at 9.66%, compared with 0.74% for ZECP.
ZECP is categorized as Large Cap Blend Equities, while FAAR is Commodities. They also come from different issuers: Zacks and First Trust. Their fees differ too: 0.55% for ZECP and 0.95% for FAAR.
FAAR currently has the higher Sharpe Ratio (2.15 vs 1.86), 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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