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FAAR vs MGOV
First Trust Alternative Absolute Return Strategy ETF vs First Trust Intermediate Government Opportunities ETF
Key differences
FAAR is an alternative ETF, while MGOV is a fixed income ETF. FAAR charges 0.98% a year and MGOV 0.49%.
- FAAR is an alternative fund, while MGOV is a fixed income fund. They carry different risk/return profiles.
- FAAR follows a long short strategy; MGOV uses active selection.
- MGOV costs 0.49% less per year.
- FAAR has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| FAAR | MGOV | |
|---|---|---|
| Annual cost (TER) | 0.98% | 0.49% |
| Fund size (AUM) | $176M | $101M |
| Since | 2016 | 2023 |
| Dividend yield | 9.19% | 4.95% |
| Asset class | alternative | fixed income |
| Region | north america | north america |
| Strategy | long short | active selection |
| CAGR 1Y | +33.2% | +6.2% |
| CAGR 3Y | +11.1% | N/A |
| CAGR 5Y | +7.4% | N/A |
| Sharpe 3Y | 0.67 | N/A |
| Volatility 1Y | 13.49% | 4.53% |
| Max drawdown | -18.03% | -6.11% |
Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.