FAAR vs NNY

Comparison between FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF (FAAR, ETF) and Nuveen New York Municipal Value Fund (NNY, ETF).

5-Year PerformanceFAAR has outperformed NNY, delivering a return of +7.7% compared to +0.9%

FAAR vs NNY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FAAR(ETF)	NNY(ETF)
Net Assets	$168M	$167M
Expense Ratio	0.98%	N/A
Max Drawdown	27.93%	32.90%
Sharpe Ratio	2.22	0.68
5Y Beta	0.15	0.09
5Y Dividends CAGR	31.47%	3.95%

Net Assets

Winner

FAAR

$168M

NNY

$167M

Expense Ratio

FAAR

0.98%

NNY

N/A

Max Drawdown

Winner

FAAR

27.93%

NNY

32.90%

Sharpe Ratio

Winner

FAAR

2.22

NNY

0.68

5Y Beta

FAAR

0.15

Winner

NNY

0.09

5Y Dividends CAGR

Winner

FAAR

31.47%

NNY

3.95%

FAAR vs NNY - Historical Returns

Returns include dividend reinvestment.

Period	FAAR	NNY
1 month	-1.69%	+1.65%
3 months	+2.55%	+1.28%
6 months	+19.98%	+3.42%
1 year	+37.47%	+10.75%
5 years(CAGR)	+7.71%	+0.89%
10 years(CAGR)	+4.99%	+2.10%
Max(CAGR)	+4.97%	+4.29%

FAAR

-1.69%

Winner

NNY

+1.65%

Winner

FAAR

+2.55%

NNY

+1.28%

Winner

FAAR

+19.98%

NNY

+3.42%

Winner

FAAR

+37.47%

NNY

+10.75%

5Y(CAGR)

Winner

FAAR

+7.71%

NNY

+0.89%

10Y(CAGR)

Winner

FAAR

+4.99%

NNY

+2.10%

Max(CAGR)

Winner

FAAR

+4.97%

NNY

+4.29%

FAAR vs NNY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FAAR	NNY
2026	+23.21%	+2.33%
2025	+6.84%	+10.10%
2024	+5.74%	+0.22%
2023	-4.73%	+3.65%
2022	+10.10%	-12.78%
2021	+12.29%	+1.44%
2020	+11.07%	-1.74%
2019	-1.61%	+12.31%
2018	-8.92%	+4.51%
2017	+5.00%	+3.46%
2016	-3.78%	-1.97%
2015	N/A	+6.74%
2014	N/A	+14.95%
2013	N/A	-13.29%
2012	N/A	+7.70%
2011	N/A	+15.13%
2010	N/A	+0.47%
2009	N/A	+11.03%
2008	N/A	-0.07%
2007	N/A	-1.24%
2006	N/A	+9.43%
2005	N/A	+7.57%
2004	N/A	+1.88%
2003	N/A	+8.08%
2002	N/A	+3.14%
2001	N/A	+11.81%
2000	N/A	+10.57%
1999	N/A	-8.08%

FAAR vs NNY Drawdown Comparison

The maximum drawdown for FAAR was -18.06%, occurring on Apr 8, 2025. Recovery took 901 trading sessions.

The maximum drawdown for NNY was -29.72%, occurring on Oct 9, 2008. Recovery took 154 trading sessions.

The current FAAR drawdown is -2.77%. The current NNY drawdown is -1.42%.

Rank	FAAR	NNY
#1	-18.06% Jun 9, 2022 - Jan 13, 2026	-29.72% Sep 8, 2008 - Apr 20, 2009
#2	-16.65% May 21, 2018 - Feb 22, 2021	-20.02% Sep 1, 2020 - Feb 20, 2026
#3	-12.20% Jul 13, 2021 - Feb 7, 2022	-19.95% Feb 21, 2020 - Sep 1, 2020
#4	-6.77% May 3, 2017 - Jan 11, 2018	-17.53% Nov 29, 2012 - Jan 7, 2015
#5	-6.33% Mar 8, 2022 - Jun 9, 2022	-11.92% Aug 17, 2010 - Sep 14, 2011
#6	-5.93% Jul 13, 2016 - May 3, 2017	-11.40% Oct 12, 2017 - Mar 21, 2019
#7	-5.87% Jun 8, 2021 - Jul 13, 2021	-10.92% Aug 8, 2016 - Jun 2, 2017
#8	-5.76% Jan 24, 2018 - May 21, 2018	-10.32% Jun 16, 2003 - Oct 13, 2004
#9	-3.63% Feb 24, 2021 - Apr 29, 2021	-10.22% Nov 4, 1999 - Jun 9, 2000
#10	-2.88% Jan 29, 2026 - Feb 19, 2026	-8.35% Mar 26, 2007 - May 8, 2008
#11	-2.77% May 18, 2026 - Jun 5, 2026	-7.86% Sep 17, 2001 - Sep 19, 2002
#12	-2.70% Mar 20, 2026 - Apr 2, 2026	-7.49% Aug 30, 2005 - Mar 17, 2006
#13	-2.24% Apr 30, 2026 - May 18, 2026	-6.97% Mar 2, 2026 - Mar 27, 2026
#14	-2.03% Feb 11, 2022 - Feb 22, 2022	-6.73% Aug 24, 2000 - Jan 4, 2001
#15	-1.98% Feb 23, 2022 - Mar 1, 2022	-6.38% Mar 28, 2006 - Sep 29, 2006

Correlation

Correlation between FAAR and NNY is 0.35 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.35

-101

Dividend Comparison (2000 - 2026)

FAAR vs NNY dividend yield comparison.

Year	FAAR	NNY
2026	0.33%	1.72%
2025	11.63%	4.13%
2024	3.45%	4.25%
2023	3.20%	3.99%
2022	5.82%	3.50%
2021	6.49%	2.96%
2020	3.05%	3.29%
2019	1.02%	3.42%
2018	0.58%	3.77%
2017	2.83%	4.00%
2016	0.00%	4.10%
2015	0.00%	3.91%
2014	0.00%	3.98%
2013	0.00%	4.37%
2012	0.00%	3.86%
2011	0.00%	4.29%
2010	0.00%	4.76%
2009	0.00%	4.37%
2008	0.00%	6.09%
2007	0.00%	4.79%
2006	0.00%	4.42%
2005	0.00%	4.63%
2004	0.00%	4.76%
2003	0.00%	4.92%
2002	0.00%	5.22%
2001	0.00%	5.51%
2000	0.00%	2.50%