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First Trust Alternative Absolute Return Strategy (FAAR) - ETF





     3mo     6mo     1yr
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 Thu, Nov 21
Price27.80
Volume19k
Avg Vol36k
RSf14.4
$Vol(21d)464k
52 wk High28.99
52 wk Low26.50
Yield(ttm)3.22%
Inception:May 2016
Total Returns:
1 day0.1%
5 day0.3%
1 month-0.4%
3 month-1.3%
6 month0.6%
9 month0.4%
1 year1.1%
 
Compare Funds:
Correlated Group: Energy (View cGroup) (All Groups)




Correlated Funds

Most Directly Correlated
Direxion Auspice Broad Cmdty Strat ETFCOM0.52  
United States Copper ETFCPER0.48  
First Trust Gbl Tactical Commodity StrategyFTGC0.47  
Harbor All-Weather Inflation Focus ETFHGER0.45  
Invesco DB Commodity Index TrackingDBC0.44  
Vanguard Core Plus Bond ETFVPLS0.42  
Invesco Optm Yld Divsfd Comdty ETFPDBC0.42  
iShares S&P GSCI Commodity-Indexed TrGSG0.42  
Invesco DB Base Metals FundDBB0.41  
iPath DJ AIG Commodity ETNDJP0.41  
Least Correlated
Innovator Russell 2000 Power Buffer JanuaryKJAN0.00  
Vanguard Russell 2000 ETFVTWO0.00  
iShares Core S&P Mid-Cap ETFIJH0.00  
First Trust NYSE Biotech IndexFBT0.00  
Direxion Dly Cnsmr Discret Bull 3X ETFWANT0.00  
WisdomTree MidCap DivDON0.00  
Innovator S&P 500 Power Buffer ETF - MarchPMAR0.00  
WisdomTree US Value ETFWTV-0.00  
John Hancock Multifactor Lg Cap ETFJHML-0.00  
First Trust SMID Cp Rising Div AchieverSDVY-0.00  
Most Inversely Correlated
Direxion Emerging Markets Bear 3X SharesEDZ-0.26  
Invesco DB US Dollar Index Bullish FundUUP-0.32  
Fidelity Enhanced Lg Cap Core ETFFELC-0.32  
ProShares UltraShort SilverZSL-0.38  
ProShares UltraShort DJ-AIG Crude OilSCO-0.38  
WisdomTree Bloomberg US Dllr Bullish ETFUSDU-0.38  
MicroSectors Gold Miners -3X Inverse Levgd ETNGDXD-0.39  
ProShares UltraShort GoldGLL-0.39  
Direxion Daily Gold Miners Bear 2X ShrsDUST-0.39  
Fidelity Enhance Mid Cap ETFFMDE-0.43  
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: 2024-11-15.


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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