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First Trust Alternative Absolute Return Strategy (FAAR) - ETF





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Volume(000's)


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
This data as of Market Close on Fri, Sep 27
Price27.95
Volume48k
Avg Vol39k
RSf7.9
$Vol(21d)1m
52 wk High28.99
52 wk Low26.50
Yield(ttm)3.31%
Inception:May 2016
Total Returns:
1 day0.4%
5 day0.2%
1 month-1.1%
3 month-0.9%
6 month-1.4%
9 month4.6%
1 year-0.6%
 
Compare Funds:
Correlated Group: Energy (View cGroup) (All Groups)




Correlated Funds

Most Directly Correlated
Vanguard Core Plus Bond ETFVPLS1.00  
Direxion Auspice Broad Cmdty Strat ETFCOM0.51  
First Trust Gbl Tactical Commodity StrategyFTGC0.45  
First Trust Mstar Mgd Futures Strat ETFFMF0.43  
iShares Commodity Dyn Roll Stgy ETFCOMT0.43  
United States Brent Oil Fund LPBNO0.42  
ProShares K-1 Free Crude Oil Strategy ETFOILK0.42  
iShares S&P GSCI Commodity-Indexed TrGSG0.42  
Invesco DB Commodity Index TrackingDBC0.42  
ProShares Ultra DJ-AIG Crude OilUCO0.41  
Least Correlated
iShares iBonds 2025 Term Hi Yld and IncomeIBHE0.00  
VanEck Vectors Morningstar Wide Moat ETFMOAT0.00  
PIMCO Intermediate Muni Bond Strgy ETFMUNI0.00  
Valkyrie Bitcoin Miners ETFWGMI-0.00  
iShares Inv Grd Corp Bond BuyWrite StratLQDW-0.00  
Invesco S&P Emerging Markets Low VolEELV-0.00  
SPDR Blackstone/GSO Senior Loan ETFSRLN-0.00  
JPMorgan Short Duration Core Plus ETFJSCP-0.00  
Columbia Diversified Fixed Inc Allc ETFDIAL-0.00  
Teucrium Soybean Fund ETFSOYB-0.00  
Most Inversely Correlated
Virtus Seix Senior Loan ETFSEIX-0.22  
Direxion Energy Bear 2X SharesERY-0.24  
Direxion Dly S&P Oil & Gas E&P Bear 2X ETFDRIP-0.25  
Proshares UltraShort Oil & GasDUG-0.25  
MicroSectors Gold Miners -3X Inverse Levgd ETNGDXD-0.30  
Direxion Daily Gold Miners Bear 2X ShrsDUST-0.31  
ProShares UltraShort GoldGLL-0.34  
ProShares UltraShort SilverZSL-0.36  
NEOS Nasdaq 100 High Income ETFQQQI-0.36  
ProShares UltraShort DJ-AIG Crude OilSCO-0.41  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2024-09-27.


Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.








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