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FAAR vs ASMF

First Trust Alternative Absolute Return Strategy ETF vs Virtus AlphaSimplex Managed Futures ETF

FAAR

First Trust Alternative Absolute Return Strategy ETF

First Trust

Annual cost

0.98%

Fund size

$168M

ASMF

Virtus AlphaSimplex Managed Futures ETF

Virtus

Annual cost

0.80%

Fund size

$31M

Key differences

  • ASMF costs 0.18% less per year.
  • FAAR is significantly larger than ASMF — larger funds tend to be more liquid and less likely to close.
  • FAAR covers north america markets; ASMF covers global.
  • FAAR follows a long short strategy; ASMF uses managed futures.
  • FAAR has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FAARASMF
Annual cost (TER)0.98%0.80%
Fund size (AUM)$168M$31M
Since20162024
Dividend yield9.07%0.20%
Asset classalternativealternative
Regionnorth americaglobal
Strategylong shortmanaged futures
CAGR 1Y+41.1%+17.3%
CAGR 3Y+12.0%N/A
CAGR 5Y+8.5%N/A
Sharpe 3Y0.74N/A
Volatility 1Y13.44%11.10%
Max drawdown-18.03%-15.30%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FAAR and ASMF