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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:
Price29.02
Volume31k
Avg Vol44k
RSf43.5
$Vol(21d)2m
52 wk High29.44
52 wk Low25.03
Yield(ttm)3.17%
Inception:May 2016
Total Returns:
1 day0.1%
5 day-0.1%
1 month1.6%
3 month5.3%
6 month4.9%
9 month3.1%
1 year2.5%
Price Data: Closing Price
 
Compare Funds:
Correlated Group: Energy (View cGroup) (All Groups)




Correlated Funds

Most Directly Correlated
United States Brent Oil Fund LPBNO0.47  
Invesco DB Oil FundDBO0.47  
KFA Mount Lucas Index Strategy ETFKMLM0.47  
United States GasolineUGA0.46  
ProShares Ultra DJ-AIG Crude OilUCO0.45  
ProShares K-1 Free Crude Oil Strategy ETFOILK0.44  
iShares Commodity Dyn Roll Stgy ETFCOMT0.43  
US Oil Fund ETFUSO0.43  
Credit Suisse X-Lnks Crude Oil Covd Call ETNUSOI0.42  
iShares S&P GSCI Commodity-Indexed TrGSG0.40  
Least Correlated
PureFunds ISE Cyber Security ETFHACK0.00  
EA Bridgeway Blue Chip ETFBBLU0.00  
Vanguard Short-Term Infl-Protected SecuritiesVTIP0.00  
First Trust Ultra Short Dur Muncpl ETFFUMB-0.00  
Aberdeen Physical Precious Metals BasketGLTR-0.00  
SPDR Portfolio TIPS ETFSPIP-0.00  
First Trust Growth Strength ETFFTGS-0.00  
FT Cboe Vest Nasdaq-100 Buffer - SepQSPT-0.00  
Aberdeen Physical Palladium SharesPALL-0.00  
Invesco Dyn SemiconductorPSI-0.00  
Most Inversely Correlated
Proshares UltraShort Oil & GasDUG-0.24  
Direxion Energy Bear 2X SharesERY-0.24  
Virtus InfraCap US Preferred Stock ETFPFFA-0.24  
FT Cboe Vest US Eqty Enh and Mod - MarXMAR-0.26  
MicroSectors US Big Oil Index -3X Inverse Levgd ETNNRGD-0.26  
Teucrium Wheat Fund ETFWEAT-0.31  
United States Natural Gas FundUNG-0.33  
ProShares Ultra DJ-UBS Natural Gas ETFBOIL-0.34  
FT Cboe Vest US Equity Moderate Buf-MarGMAR-0.35  
ProShares UltraShort DJ-AIG Crude OilSCO-0.45  
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: 2024-04-12.


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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