CAAA vs THTA
First Trust AAA CMBS ETF vs SoFi Enhanced Yield ETF
Which is better, CAAA or THTA?
Each has led over a different period.
CAAA has a lower expense ratio. CAAA led over the full window, THTA over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CAAA | THTA |
|---|---|---|
| Expense Ratio | 0.30%Best | 0.65% |
| AUM | $35M | $65M |
| Dividend Yield | 4.94% | 10.62% |
| Holdings | 235 | 18 |
| YTD Return | -0.25% | +12.24%Best |
| 1Y Return | +0.08% | +16.25%Best |
| 3Y Return (annualized) | - | +2.71% |
| Volatility (annualized) | 3.2%Best | 13.7% |
| Max Drawdown | -2.3%Best | -31.4% |
| $10,000 over 2.6 years | $11,212Best | $10,518 |
| Fund Family | First Trust Portfolios (US) | SoFi |
| Category | Fixed Income | Fixed Income |
| Style | Long Term High Quality | Long Term High Quality |
| Inception | Feb 27, 2024 | Nov 15, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Feb 28, 2024 to Oct 14, 2026 (2.6 years).
CAAA vs THTA growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.6 years both funds cover.
CAAA vs THTA Performance
First Trust AAA CMBS ETF (CAAA) is an ETF from First Trust Portfolios (US) and SoFi Enhanced Yield ETF (THTA) is an ETF from SoFi. Over the past year CAAA returned +0.08% while THTA returned +16.25%. Year to date, CAAA is down 0.25% versus a gain of 12.24% for THTA.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
THTA has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 3.2% for CAAA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -2.3% for CAAA and -31.4% for THTA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.12. They move largely independently of each other.
Fees and Cost Over Time
CAAA charges 0.30% per year while THTA charges 0.65%. On a $10,000 position that is $30 vs $65 annually, a gap of $35 per year that compounds over a long holding period. On income, CAAA currently yields 4.94% against 10.62% for THTA.
Holdings Overlap
We hold position weights for 1 holding in CAAA and 2 in THTA, totalling 0.8% and 22.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in CAAA and 2 in THTA, against full books of 235 and 18.
You are not choosing between two funds in isolation.
Whichever of CAAA and THTA you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CAAA or THTA?
CAAA has an expense ratio of 0.30% while THTA charges 0.65%. CAAA is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, CAAA or THTA?
Over the past year CAAA returned +0.08% vs +16.25% for THTA, so THTA leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAAA or THTA?
THTA has been the more volatile fund at 13.7% annualized versus 3.2% for CAAA. Worst drawdown: CAAA -2.3% vs THTA -31.4%.
Should I hold both CAAA and THTA?
CAAA and THTA have a monthly-return correlation of -0.12, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CAAA or THTA?
CAAA yields 4.94% while THTA yields 10.62%, so THTA currently pays the higher dividend yield.
Is THTA better than CAAA?
CAAA has a lower expense ratio. CAAA led over the full window, THTA over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.