NasdaqGM - Delayed Quote • USD
First Trust Alternative Absolute Return Strategy ETF (FAAR)
At close: April 23 at 4:00 PM EDT
ETF Summary
The fund is an actively managed exchange-traded fund that seeks to achieve long-term total return through long and short investments in exchange-traded commodity futures contracts ("Commodity Futures") through a wholly-owned subsidiary of the fund organized under the laws of the Cayman Islands (the "Subsidiary"). It does not invest directly in Commodity Futures. The advisor gains exposure to these investments exclusively by investing in the Subsidiary. The Subsidiary is advised by First Trust Advisors L.P., the fund's investment advisor.
Risk Overview
Risk Overview Information Not Available
Performance & Risk
| YTD Return | 6.35% |
| 5y Average Return | 5.34% |
| Rank in Category (ytd) | -- |
| % Rank in Category (ytd) | -- |
| Beta (5Y Monthly) | 0.43 |
| Morningstar Risk Rating | -- |
Risk Statistics
| 3 Years | 5 Years | 10 Years | ||||
|---|---|---|---|---|---|---|
| FAAR | Category Average | FAAR | Category Average | FAAR | Category Average | |
| Alpha | -0.36 | 2.17 | 1.72 | 1.35 | 0 | 1.23 |
| BETA | 0.43 | 0.94 | 0.36 | 0.99 | 0 | 1.04 |
| Mean Annual Return | 0.47 | 0.97 | 0.48 | 0.73 | 0 | 0.05 |
| R-squared | 45.19 | 88.05 | 43.66 | 86.6 | 0 | 87.89 |
| Standard Deviation | 9.99 | 15.72 | 8.63 | 17.03 | 0 | 15.88 |
| Sharpe Ratio | 0.26 | 0.55 | 0.42 | 0.39 | 0 | -0.05 |
| Treynor Ratio | 5.25 | 8.7 | 9.39 | 5.61 | 0 | -2.01 |
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