evenfolioETF Details
First Trust·Other Alternatives·FAAR · Nasdaq
First Trust Alternative Absolute Return Strategy ETF (FAAR)
- Price
- $32.54
- —30 Oct 2026
- Assets
- $231.8M
- Total net assets
- Expense ratio
- 0.98%
- Category 0.99%
- Yield
- 8.18%
- Trailing distributions
- 1Y return
- 19.6%+7.3%
- Category 12.3%
- 3Y CAGR
- 11.2%-0.1%
- Category 11.3%
- 5Y CAGR
- 7.2%+0.9%
- Category 6.3%
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First Trust Alternative Absolute Return Strategy ETF
Calendar-year returns
Fund only: no comparison series covers this fund's history.
Risk statistics
Five years of daily closes. Risk-free rate 4% a year.
- Standard deviation
- —
- Maximum drawdown
- —
- Sharpe ratio
- —
- Sortino ratio
- —
- Beta
- —
- Alpha
- —
- R²
- —
- Information ratio
- —
- Upside capture
- —
- Downside capture
- —
- Tracking error
- —
| Period | 1M | 3M | 6M | YTD | 1Y | 3YCAGR | 5YCAGR | 10YCAGR | LaunchCAGR |
|---|---|---|---|---|---|---|---|---|---|
| ETF | +0.9% | +4.8% | -3.9% | +21.5% | +19.6% | +11.2% | +7.2% | +5.1% | +4.6% |
| Other Alternatives average | 0.5% | 2.4% | 2.1% | 11.6% | 12.3% | 11.3% | 6.3% | 6.1% | 5.5% |
| Difference | +0.4% | +2.4% | -6.0% | +9.9% | +7.3% | -0.1% | +0.9% | -1.0% | -0.9% |
Holdings
The 2 largest positions make up 35.4% of the fund.
Top holdings
| Ticker | Holding | Weight |
|---|---|---|
| FCRD | First Eagle Alternative Capital BDC Inc | 20.19% |
| MISXX | Morgan Stanley Instl Lqudty Trs Instl | 15.23% |
Sector allocation
Share of the equity the fund holds.
- Financial services100.0%
Asset mix
- Cash79.8%
- Stocks20.2%
Credit quality
Share of the bonds by rating.
- US government49.4%
ETF details
- Issuer
- First Trust
- Category
- Alternatives · Other Alternatives
- Ticker
- FAAR
- Exchange
- Nasdaq
- Inception
- 18 May 2016 (10.5 years)
- Structure
- Exchange Traded Fund
- Expense ratio
- 0.98% (category 0.99%)
- Holdings turnover
- 0% (category 49%)
- Distribution yield
- 8.18%
- Beta, 3 years
- 0.54
- Total net assets
- $231.8M
Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.
Other other alternatives ETFs
Other ETFs in the Other Alternatives category.
- PFIX · Simplify Interest Rate Hedge ETFSimplify Asset Management · $217.5M · ER 0.50%5Y 25.3%
- CAGE · Calamos Autocallable Growth ETFCalamos · $161.6M · ER 0.74%
- TOAK · Twin Oak Short Horizon Absolute Return ETFTwin Oak ETF Co · $105.1M · ER 0.26%
- ARP · PMV Adaptive Risk Parity ETFPMV CAPITAL · $86.1M · ER 1.42%
- HEFT · Hedgeye Fourth Turning ETFHedgeye Asset Management, LLC · $79M · ER 0.70%
- THTA · SoFi Enhanced Yield ETFSoFi · $61.6M · ER 0.65%

