Screener
FAAR vs USE
First Trust Alternative Absolute Return Strategy ETF vs USCF Energy Commodity Strategy Absolute Return Fund
Key differences
Both FAAR and USE are alternative ETFs. FAAR charges 0.98% a year and USE 0.79%. The main difference: FAAR follows a long short strategy; USE uses multi strategy.
- FAAR follows a long short strategy; USE uses multi strategy.
- USE costs 0.19% less per year.
- FAAR is much larger than USE. Larger funds are usually more liquid and less likely to close.
- Over the last three years, USE has delivered higher annualized returns.
- FAAR has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| FAAR | USE | |
|---|---|---|
| Annual cost (TER) | 0.98% | 0.79% |
| Fund size (AUM) | $176M | $2M |
| Since | 2016 | 2023 |
| Dividend yield | 9.19% | 2.21% |
| Asset class | alternative | alternative |
| Region | north america | — |
| Strategy | long short | multi strategy |
| CAGR 1Y | +38.6% | +34.1% |
| CAGR 3Y | +10.8% | +17.5% |
| CAGR 5Y | +8.0% | N/A |
| Sharpe 3Y | 0.64 | 0.60 |
| Volatility 1Y | 13.55% | 31.73% |
| Max drawdown | -18.03% | -26.24% |
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