# First Trust Alternative Absolute Return Strategy ETF (FAAR)

> Source: Nexqual · https://nexqual.com/FAAR · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, First Trust Alternative Absolute Return Strategy ETF (FAAR), nexqual.com/FAAR" · informational, not investment advice.

**Price:** USD 32.78 (+0.56% on the day) · last close of Oct 23, 2026; US market after hours, not a live price. Prev close 32.6 · day 32.64–32.93 · 52w 26.73–35.81 · market cap null · NGM

## Key facts
- Total return with dividends: 1Y +19.1% vs S&P 500 +13.4%; 5Y +42.4% vs S&P 500 +76.9%.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +19.1% | +42.4% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +19.2% | +7.3% |
| Volatility (annualized) | 12.4% | 11.3% |
| Max drawdown | -10.6% (May 2026→Aug 2026) | -16.2% (Jun 2022→Apr 2025) |

## Peers
FCVT (First Trust SSI Strategic Conve) USD 44.91 -0.24% · FEMB (First Trust Emerging Markets Lo) USD 28.6 -0.03% · FCEF (First Trust Income Opportunitie) USD 22.61 -0.22% · FJP (First Trust Japan AlphaDEX Fund) USD 73.21 -0.61% · FEM (First Trust Emerging Markets Al) USD 31.73 +0.09%

## More
Full page: https://nexqual.com/FAAR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt