FAAR vs. SPAX ETF Comparison
Comparison of First Trust Alternative Absolute Return Strategy ETF (FAAR) to Robinson Alternative Yield Pre-merger SPAC ETF (SPAX)
FAAR
First Trust Alternative Absolute Return Strategy ETF
FAAR Description
The First Trust Alternative Absolute Return Strategy ETF seeks to achieve long-term total return using a long/short commodities strategy. The fund intends to invest primarily in exchange-listed commodity futures contracts through a wholly-owned subsidiary.
Grade (RS Rating)
Last Trade
$28.20
Average Daily Volume
43,365
Number of Holdings
*
1
* may have additional holdings in another (foreign) market
SPAX
Robinson Alternative Yield Pre-merger SPAC ETF
SPAX Description
The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk. SPAX invests primarily in equity securities, specifically units and shares of common stock and warrants of U.S.-listed SPACs. SPAX expects to invest the majority of its assets in SPACs which are small capitalization companies. The Fund intends to exit any SPAC units, common shares and warrants prior to the completion of a business combination, seeking to minimize downside risk.Grade (RS Rating)
Last Trade
$20.39
Average Daily Volume
3,625
Number of Holdings
*
37
* may have additional holdings in another (foreign) market
Performance
| Period | FAAR | SPAX |
|---|---|---|
| 30 Days | -2.76% | 0.29% |
| 60 Days | 0.15% | 1.35% |
| 90 Days | -0.42% | 1.38% |
| 12 Months | 0.34% | 2.25% |
0 Overlapping Holdings
| Symbol | Grade | Weight in FAAR | Weight in SPAX | Overlap |
|---|
FAAR Overweight 1 Positions Relative to SPAX
| Symbol | Grade | Weight | |
|---|---|---|---|
| FCRX | A | 21.59% |
FAAR Underweight 37 Positions Relative to SPAX
| Symbol | Grade | Weight | |
|---|---|---|---|
| PEGR | F | -3.2% | |
| SHAP | C | -3.06% | |
| BFAC | B | -3.02% | |
| EVE | A | -2.93% | |
| BACA | C | -2.83% | |
| HAIA | B | -2.73% | |
| WTMA | B | -2.73% | |
| CNDA | C | -2.71% | |
| EMLD | C | -2.66% | |
| KCGI | A | -2.66% | |
| CMCA | D | -2.33% | |
| GHIX | F | -2.32% | |
| HCVI | C | -2.21% | |
| AOGO | B | -2.09% | |
| GAQ | A | -1.96% | |
| PRLH | A | -1.96% | |
| ROCL | B | -1.9% | |
| PPYA | B | -1.89% | |
| IVCP | D | -1.84% | |
| CDAQ | B | -1.76% | |
| ONYX | C | -1.59% | |
| BLEU | D | -1.53% | |
| MITA | B | -1.43% | |
| BRKH | B | -1.32% | |
| IGTA | A | -1.28% | |
| MSSA | A | -1.21% | |
| BYNO | B | -1.2% | |
| PWUP | B | -0.79% | |
| NPAB | B | -0.75% | |
| RMGC | F | -0.53% | |
| IMAQ | B | -0.37% | |
| BHAC | C | -0.37% | |
| TRIS | A | -0.3% | |
| FHLT | B | -0.08% | |
| MCAG | C | -0.05% | |
| SWSS | B | -0.02% | |
| NSTD | F | -0.0% |
FAAR: Top Represented Industries & Keywords
Industries:
SPAX: Top Represented Industries & Keywords
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