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FMF vs FAAR

First Trust Managed Futures Strategy Fund vs First Trust Alternative Absolute Return Strategy ETF

FMF

First Trust Managed Futures Strategy Fund

First Trust

Annual cost

0.98%

Fund size

$266M

FAAR

First Trust Alternative Absolute Return Strategy ETF

First Trust

Annual cost

0.98%

Fund size

$168M

Key differences

  • FMF follows a managed futures strategy; FAAR uses long short.
  • Over the last 3 years, FAAR has delivered higher annualized returns.

Side-by-side comparison

FMFFAAR
Annual cost (TER)0.98%0.98%
Fund size (AUM)$266M$168M
Since20132016
Dividend yield5.00%9.07%
Asset classalternativealternative
Regionnorth america
Strategymanaged futureslong short
CAGR 1Y+21.0%+41.1%
CAGR 3Y+6.9%+12.0%
CAGR 5Y+4.6%+8.5%
Sharpe 3Y0.410.74
Volatility 1Y9.65%13.44%
Max drawdown-16.89%-18.03%

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

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