See what your fund actually adds
First Trust AAA CMBS ETF CAAA
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | CAAA | Replication |
|---|---|---|
| Annualized growth | 4.5% | 3.4% |
| Annualized volatility | 3.2% | 3.0% |
| Sharpe ratio | 1.38 | 1.10 |
| Maximum drawdown | 2.2% | 2.5% |
| Replication fit (R²) | 0.96 · Tracking error 0.7% | |
Replication portfolio
The published portfolio below is the investable basket used to model CAAA’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| VGIT | FI · Intermediate Gov | 40.5% |
| VGSH | FI · Short Gov | 25.6% |
| VCSH | FI · Short Corp | 17.9% |
| AGG | FI · Aggregate | 11.0% |
| STIP | FI · Short TIPS | 5.1% |