First Trust[…]
First Trust Alternative Absolute Return Strategy ETFFAAR
- AUM
- $252M
- Fee
- 0.98%
- Yield
- 9.5%
- Bumpy · 1Y
- 0.9×S&P
- Volume
- 35K
- NAV
- $31.96
52-week range11% below the high
$26.73$35.81
| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | +0.2% | −1.5% | +3.1% | +19.5% | +18.7% | +35.3% | +39.1% | +57.4% |
| S&P 500 · VOO | +0.3% | −5.0% | −4.6% | +8.7% | +9.8% | +80.8% | +71.8% | — |
FAAR in One Breath
FAAR Among Its Peers
YTDEnd-of-day Nov 8, 2026 · 1 ETFs by YTD
$10,000 in FAAR
5Y$10,000 in FAAR became
$13,913
In the S&P 500 (VOO)
$17,177
Total return, dividends in · Oct 29, 2021 – Nov 6, 2026 · S&P 500 uses VOO
FAAR Returns by Period
Today1D
1M
3M
YTD
1Y
3Y
5Y
MAX
FAAR
+0.2%
−1.5%
+3.1%
+19.5%
+18.7%
+35.3%
+39.1%
+57.4%
Peer average
—
—
—
—
—
—
—
—
S&P 500 · VOO
+0.3%
−5.0%
−4.6%
+8.7%
+9.8%
+80.8%
+71.8%
—
End-of-day Nov 8, 2026 · total return, dividends in
FAAR’s Rank
YTD[…]of […]
ETFs
ETFs
ETFs by YTD return · Nov 8, 2026
FAAR Price and 52-Week Range
1YFrom the 52-week high
−10.6%
From the 52-week low
+19.7%
Today $31.78 – $32.04
Previous close $31.93
52-week low$26.7352-week high$35.81
End-of-day Nov 8, 2026 · box = today’s range, dashed = previous close
FAAR’s Size vs Its Peers
Today$252Mthe largest ETF
AUM · FAAR and the 0 largest peers · Nov 8, 2026
FAAR Fee per $100 vs Peers
TodayExpense ratio · peers · Nov 8, 2026
Inside FAAR
37 holdingsFAAR
First Trust Alternative Absolute Return Strategy ETF
TodayFAAR reports no holdings we can show: […]
First Trust FAAR · holdings
How It Compares
FAAR
First Trust Alternative Absolute Return Strategy ETF’s Peers
TodayFAAR has no close peers in our data yet: […]
Similar peers · Today’s and past-year returns · as of Nov 9, 2026 · sorted by AUM
Head to Head
FAAR vs VOO
YTDFAAR · First Trust Alternative Absolute Return Strategy
+19.5%
VOO · S&P 500
+8.7%
Gap
10.8 pts
First Trust FAAR and Vanguard VOO · Today total return · as of Nov 9, 2026
FAAR vs Its Peer Average
YTDFAARAvsBPeer average
1D+0.2%[…]
1M−1.5%[…]
3M+3.1%[…]
YTD+19.5%[…]
1Y+18.7%[…]
3Y+35.3%[…]
5Y+39.1%[…]
0–0level
0 peers · each row scaled to its leader
How Bumpy Is FAAR?
ViewFAAR
How Bumpy
1Y0.9×the S&P 500’s swings
CalmerBumpierS&P 1×FAAR
S&P 500 swings · 1Y13.6%
First Trust FAAR · daily swings over the past year vs the S&P 500
FAAR
Worst Drop
1Y−10.6%from its May 18 high
Still below the high−6.0%
$10,000 at the high is now$9,400
First Trust FAAR · fall from the highest close, past year
FAAR
On a Bad Day
1Y−0.2×rose, on average, when the S&P 500 fell
FAAR’s worst day: Monday, Mar 23Up days53 of every 100
S&P 500 up days52 of every 100
First Trust FAAR · average move on days the S&P 500 fell
FAAR
Return for the Bumps
1YNo peers with a full year of prices to rank against yet.
Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%
FAAR
Cost
Today$98a year per $10,000
Expense ratio 0.98%, taken from the fund’s value
FAAR
Volatility & Beta
1Y12.3%annual volatility
S&P 500 volatility13.6%
Downside volatility8.2%
Beta vs SPY−0.13
Correlation vs SPY−0.14
Daily total returns × √252 · past 254 trading days
FAAR
Max Drawdown
1Y−10.6%peak to trough
Peak closeMay 18, 2026
Current drawdown−6.0%
Worst day−2.71% · Mar 23
Closing prices, dividends in
FAAR
Up / Down Capture
1Y−24%down capture vs SPY
Up ÷ down capture[…]
Up days52.8% (S&P 52.0%)
Average daily move on SPY up days and down days
FAAR
Sharpe & Sortino vs Peers
1Y| Fund | Sharpe | Sortino | Volatility | Max DD | Beta | Fee / $10k |
|---|---|---|---|---|---|---|
| FAAR | 1.12 | 1.69 | 12.3% | −10.6% | −0.13 | $98 |
Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only
FAAR
Trading
Today+0.13%above its holdings’ value
Close$32.00
NAV$31.96
Fee per $10,000$98 a year
Avg. volume 30D46K shares
Close vs net asset value, Nov 6
The Details
FAAR
Fund Facts
Today2016launched May 18
Tracks[…]
Exchange · CUSIPNASDAQ · 33740Y101
StructureETF
Leverage1x
Cost on $10,000$98 a year
Go deeper
First Trust FAAR · fund facts · as of Nov 9, 2026
FAAR
Payouts by Year
10Y$0.14per share, Sep 2026
Distribution yield9.5%
PaidEvery quarter
Latest ex-date · paidSep 24 · Sep 30, 2026
12 payouts added up$4.77 a share
First Trust FAAR · distributions by ex-date · 2017–2026
All Fund FactsDocuments · trading · fees · every payout
Prospectus & Documents
SEC reported portfolio · 2026-06-30 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗SEC reported portfolio · 2026-03-31 ↗SEC reported portfolio · 2025-12-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-12-31 ↗SEC reported portfolio · 2025-09-30 ↗SEC reported portfolio · 2025-06-30 ↗SEC reported portfolio · 2025-03-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2024-12-31 ↗SEC reported portfolio · 2024-09-30 ↗SEC reported portfolio · 2024-06-30 ↗SEC reported portfolio · 2024-03-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2023-12-31 ↗SEC reported portfolio · 2023-09-30 ↗SEC reported portfolio · 2023-06-30 ↗SEC reported portfolio · 2023-06-30 ↗SEC reported portfolio · 2023-03-31 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2022-12-31 ↗SEC reported portfolio · 2022-09-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2022-06-30 ↗prospectus · SEC 497 ↗SEC reported portfolio · 2022-03-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2021-12-31 ↗SEC reported portfolio · 2021-09-30 ↗SEC reported portfolio · 2021-06-30 ↗SEC reported portfolio · 2021-03-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2020-12-31 ↗SEC reported portfolio · 2020-09-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2020-06-30 ↗SEC reported portfolio · 2020-03-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2019-12-31 ↗SEC reported portfolio · 2019-09-30 ↗summary prospectus · SEC 497K ↗summary prospectus · SEC 497K ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗prospectus · SEC 497 ↗prospectus · SEC 485BPOS ↗prospectus · SEC 485BPOS ↗prospectus · SEC 485BPOS ↗prospectus · SEC 485APOS ↗
Trading & Liquidity
Net asset value$31.96
Premium / discount[…]
Median spread · 30D[…]
Volume today35K
Average volume · 30D46K
Shares outstanding[…]
Options[…]
Fees & Costs
Net expense ratio0.98%
Gross expense ratio[…]
Management fee[…]
Cost on $10,000 a year$98.00
Our risk indicator4/5
Estimated yearly cost excludes trading costs and assumes constant assets.
Distributions
| Ex-date | Paid | Per share |
|---|---|---|
| Sep 24, 2026 | Sep 30, 2026 | $0.14 |
| Jun 25, 2026 | Jun 30, 2026 | $0.14 |
| Mar 26, 2026 | Mar 31, 2026 | $0.11 |
| Dec 16, 2025 | Dec 31, 2025 | $2.65 |
| Sep 25, 2025 | Sep 30, 2025 | $0.18 |
| Jun 26, 2025 | Jun 30, 2025 | $0.18 |
| Mar 27, 2025 | Mar 31, 2025 | $0.15 |
| Dec 17, 2024 | Dec 31, 2024 | $0.33 |
| Sep 26, 2024 | Sep 30, 2024 | $0.20 |
| Jun 27, 2024 | Jun 28, 2024 | $0.24 |
| Mar 21, 2024 | Mar 28, 2024 | $0.20 |
| Dec 15, 2023 | Dec 20, 2023 | $0.26 |
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