FAAR vs GMMF
Comparison between FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF (FAAR, ETF) and iShares Government Money Market ETF (GMMF, ETF).
FAAR vs GMMF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FAAR
$178M
GMMF
$178M
Expense Ratio
FAAR
0.98%
Winner
GMMF
0.20%
Max Drawdown
FAAR
27.93%
Winner
GMMF
0.43%
Sharpe Ratio
Winner
FAAR
1.37
GMMF
-0.35
5Y Beta
FAAR
0.15
Winner
GMMF
-0.00
5Y Dividends CAGR
FAAR
31.22%
GMMF
N/A
FAAR vs GMMF - Historical Returns
Returns include dividend reinvestment.
1M
FAAR
-3.29%
Winner
GMMF
+0.29%
3M
FAAR
-6.91%
Winner
GMMF
+0.86%
6M
Winner
FAAR
+9.92%
GMMF
+1.73%
1Y
Winner
FAAR
+21.29%
GMMF
+3.75%
5Y(CAGR)
FAAR
+7.32%
GMMF
N/A
10Y(CAGR)
FAAR
+4.43%
GMMF
N/A
Max(CAGR)
Winner
FAAR
+4.28%
GMMF
+3.88%
FAAR vs GMMF - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | FAAR | GMMF |
|---|---|---|
| 2026 | +15.89% | +1.89% |
| 2025 | +6.84% | +3.70% |
| 2024 | +5.74% | N/A |
| 2023 | -4.73% | N/A |
| 2022 | +10.10% | N/A |
| 2021 | +12.29% | N/A |
| 2020 | +11.07% | N/A |
| 2019 | -1.61% | N/A |
| 2018 | -8.92% | N/A |
| 2017 | +5.00% | N/A |
| 2016 | -3.78% | N/A |
FAAR vs GMMF Drawdown Comparison
The maximum drawdown for FAAR was -18.06%, occurring on Apr 8, 2025. Recovery took 901 trading sessions.
The maximum drawdown for GMMF was -0.03%, occurring on Jul 14, 2025. Recovery took 4 trading sessions.
The current FAAR drawdown is -8.54%.
| Rank | FAAR | GMMF |
|---|---|---|
| #1 | -18.06% Jun 9, 2022 - Jan 13, 2026 | -0.03% Jul 11, 2025 - Jul 17, 2025 |
| #2 | -16.65% May 21, 2018 - Feb 22, 2021 | -0.02% Apr 8, 2025 - Apr 10, 2025 |
| #3 | -12.20% Jul 13, 2021 - Feb 7, 2022 | -0.01% Jun 2, 2025 - Jun 4, 2025 |
| #4 | -8.94% May 18, 2026 - Jul 10, 2026 | -0.01% Mar 17, 2025 - Mar 20, 2025 |
| #5 | -6.77% May 3, 2017 - Jan 11, 2018 | -0.01% Feb 20, 2025 - Feb 27, 2025 |
| #6 | -6.33% Mar 8, 2022 - Jun 9, 2022 | -0.01% Jan 5, 2026 - Jan 9, 2026 |
| #7 | -5.93% Jul 13, 2016 - May 3, 2017 | -0.01% Feb 7, 2025 - Feb 11, 2025 |
| #8 | -5.87% Jun 8, 2021 - Jul 13, 2021 | -0.01% Mar 24, 2025 - Mar 26, 2025 |
| #9 | -5.76% Jan 24, 2018 - May 21, 2018 | -0.01% Jul 1, 2025 - Jul 3, 2025 |
| #10 | -3.63% Feb 24, 2021 - Apr 29, 2021 | -0.01% Apr 10, 2025 - Apr 14, 2025 |
| #11 | -2.88% Jan 29, 2026 - Feb 19, 2026 | -0.01% Aug 11, 2025 - Aug 14, 2025 |
| #12 | -2.70% Mar 20, 2026 - Apr 2, 2026 | -0.01% Jun 16, 2025 - Jun 18, 2025 |
| #13 | -2.24% Apr 30, 2026 - May 18, 2026 | -0.01% Dec 15, 2025 - Dec 17, 2025 |
| #14 | -2.03% Feb 11, 2022 - Feb 22, 2022 | -0.01% Jun 24, 2025 - Jun 26, 2025 |
| #15 | -1.98% Feb 23, 2022 - Mar 1, 2022 | -0.01% Apr 28, 2025 - May 2, 2025 |
Correlation
Correlation between FAAR and GMMF is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (2017 - 2026)
FAAR vs GMMF dividend yield comparison.
| Year | FAAR | GMMF |
|---|---|---|
| 2026 | 0.81% | 1.81% |
| 2025 | 11.63% | 3.45% |
| 2024 | 3.45% | 0.00% |
| 2023 | 3.20% | 0.00% |
| 2022 | 5.82% | 0.00% |
| 2021 | 6.49% | 0.00% |
| 2020 | 3.05% | 0.00% |
| 2019 | 1.02% | 0.00% |
| 2018 | 0.58% | 0.00% |
| 2017 | 2.83% | 0.00% |
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