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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 Mon, Nov 4
Price27.93
Volume11k
Avg Vol38k
RSf7.2
$Vol(21d)1m
52 wk High28.99
52 wk Low26.50
Yield(ttm)3.21%
Inception:May 2016
Total Returns:
1 day0.7%
5 day0.2%
1 month0.5%
3 month-1.3%
6 month0.6%
9 month1.7%
1 year3.2%
 
Compare Funds:
Correlated Group: Energy (View cGroup) (All Groups)




Correlated Funds

Most Directly Correlated
Direxion Auspice Broad Cmdty Strat ETFCOM0.48  
MicroSectors Oil & Gas E & P 3X Levgd ETNOILU0.42  
First Trust Gbl Tactical Commodity StrategyFTGC0.42  
United States Copper ETFCPER0.39  
MicroSectors Gold Miners 3X Levgd ETNGDXU0.38  
Aberdeen Physical Precious Metals BasketGLTR0.37  
Invesco DB Commodity Index TrackingDBC0.37  
Harbor All-Weather Inflation Focus ETFHGER0.37  
VanEck Vectors Gold MinersGDX0.37  
iShares S&P GSCI Commodity-Indexed TrGSG0.37  
Least Correlated
AllianzIM US Large Cap Buffer20 AugAUGW0.00  
SPDR Blmbrg Barclays 3-12 Month T-BillBILS0.00  
First Trust Health Care AlphaDEX FundFXH0.00  
Fidelity Enhance Mid Cap ETFFMDE0.00  
Fidelity Enhanced Lg Cap Core ETFFELC0.00  
SPDR Portfolio S.T. TreasurySPTS-0.00  
PPTY US Dversfd Rl Est ETFPPTY-0.00  
AAM Low Duration Pref and Income SecuritiesPFLD-0.00  
iShares Barclays Agency BondAGZ-0.00  
Global X China Consumer ETFCHIQ-0.00  
Most Inversely Correlated
Direxion Energy Bear 2X SharesERY-0.21  
Direxion Dly S&P Oil & Gas E&P Bear 2X ETFDRIP-0.22  
Proshares UltraShort Oil & GasDUG-0.22  
NEOS Nasdaq 100 High Income ETFQQQI-0.23  
WisdomTree Bloomberg US Dllr Bullish ETFUSDU-0.25  
ProShares UltraShort DJ-AIG Crude OilSCO-0.35  
ProShares UltraShort SilverZSL-0.35  
ProShares UltraShort GoldGLL-0.35  
MicroSectors Gold Miners -3X Inverse Levgd ETNGDXD-0.36  
Direxion Daily Gold Miners Bear 2X ShrsDUST-0.37  
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: 2024-11-01.


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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