{
  "page": "compare",
  "query": {
    "a": "FAAAX",
    "b": "FAAR"
  },
  "retrieved_at": "2026-07-07T18:18:13+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "K2 Alternative Strategies Fund",
    "ticker": "FAAAX",
    "slug": "FAAAX",
    "series_id": "S000042023",
    "html_url": "https://fundwatcher.app/funds/FAAAX/"
  },
  "fund_b": {
    "name": "First Trust Alternative Absolute Return Strategy ETF",
    "ticker": "FAAR",
    "slug": "FAAR",
    "series_id": "S000053488",
    "html_url": "https://fundwatcher.app/funds/FAAR/"
  },
  "overlap": {
    "coverage_a_by_b": "0.08868803443080949271930753535",
    "coverage_b_by_a": "0.08868803443080949271930753535",
    "shared_count": 10,
    "as_of": {
      "a": "2026-02-27",
      "b": "2026-03-31"
    },
    "a_top": [
      {
        "name": "DREYFUS QII GOV CASH 289",
        "value": "47194733.50",
        "weight": "0.08969819",
        "shared": false
      },
      {
        "name": "FIDELITY GOVERNMENT PORTFOLIO FRGXX 1.85% 8/24/2018 - Extendable",
        "value": "41400873.08",
        "weight": "0.07868639",
        "shared": false
      },
      {
        "name": "DREY-GVT CSH-I",
        "value": "39199611.71",
        "weight": "0.07450268",
        "shared": true
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "14984891.70",
        "weight": "0.02848025",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "13946541.42",
        "weight": "0.02650676",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "11970987.96",
        "weight": "0.02275203",
        "shared": false
      },
      {
        "name": "WESTERN DIGITAL CORPORATION SR UNSEC CV 3.0% 11-15-28",
        "value": "8916584.30",
        "weight": "0.01694684",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "7452336.69",
        "weight": "0.01416389",
        "shared": false
      },
      {
        "name": "US TREASURY N/B",
        "value": "6028750.83",
        "weight": "0.01145823",
        "shared": false
      },
      {
        "name": "Lumentum Holdings, Inc.",
        "value": "5455447.50",
        "weight": "0.01036861",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "4974895.85",
        "weight": "0.00945527",
        "shared": false
      },
      {
        "name": "US TREASURY N/B",
        "value": "4720262.97",
        "weight": "0.00897132",
        "shared": false
      },
      {
        "name": "Bloom Energy Corporation",
        "value": "4064812.50",
        "weight": "0.00772557",
        "shared": false
      },
      {
        "name": "STX 3.5 06/01/28",
        "value": "4051840.25",
        "weight": "0.00770092",
        "shared": false
      },
      {
        "name": "BLOOM ENERGY CORP SR UNSECURED 06/29 3",
        "value": "3919500.00",
        "weight": "0.00744939",
        "shared": false
      },
      {
        "name": "InterDigital, Inc., Convertible",
        "value": "3835980.00",
        "weight": "0.00729065",
        "shared": false
      },
      {
        "name": "UST BILLS 0% 05/14/2026",
        "value": "3474556.47",
        "weight": "0.00660373",
        "shared": true
      },
      {
        "name": "US TREASURY N/B",
        "value": "3401708.75",
        "weight": "0.00646528",
        "shared": false
      },
      {
        "name": "IREN Ltd., Series IREN",
        "value": "3387331.20",
        "weight": "0.00643795",
        "shared": false
      },
      {
        "name": "MASTEC INC",
        "value": "3213847.68",
        "weight": "0.00610823",
        "shared": false
      },
      {
        "name": "CONSTELLATION ENERGY CORP",
        "value": "2794413.48",
        "weight": "0.00531106",
        "shared": false
      },
      {
        "name": "MERCK & CO",
        "value": "2707695.76",
        "weight": "0.00514624",
        "shared": false
      },
      {
        "name": "CVS HEALTH CORP",
        "value": "2670258.00",
        "weight": "0.00507509",
        "shared": false
      },
      {
        "name": "XCEL ENERGY INC",
        "value": "2484128.00",
        "weight": "0.00472133",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "2480110.18",
        "weight": "0.00471369",
        "shared": false
      },
      {
        "name": "LONZA GROUP -REG",
        "value": "2467091.03",
        "weight": "0.00468895",
        "shared": false
      },
      {
        "name": "NEXTERA ENERGY INC",
        "value": "2340030.35",
        "weight": "0.00444746",
        "shared": false
      },
      {
        "name": "MITSUB ELEC CORP",
        "value": "2271867.67",
        "weight": "0.00431791",
        "shared": false
      },
      {
        "name": "US TREASURY N/B",
        "value": "2245775.00",
        "weight": "0.00426831",
        "shared": false
      },
      {
        "name": "EDWARDS LIFESCIENCES CORP",
        "value": "2234557.74",
        "weight": "0.00424699",
        "shared": false
      },
      {
        "name": "FIRSTENERGY CORP",
        "value": "2122884.20",
        "weight": "0.00403475",
        "shared": false
      },
      {
        "name": "ENTERGY CORP",
        "value": "2108888.79",
        "weight": "0.00400815",
        "shared": false
      },
      {
        "name": "MIDCAP FINL ISSU 11/01/27",
        "value": "2081459.33",
        "weight": "0.00395602",
        "shared": false
      },
      {
        "name": "AGILENT TECHNOLOGIES INC",
        "value": "2007503.82",
        "weight": "0.00381546",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "1988109.86",
        "weight": "0.00377860",
        "shared": true
      },
      {
        "name": "ARGENX SE SPONSORED ADR",
        "value": "1978653.60",
        "weight": "0.00376062",
        "shared": false
      },
      {
        "name": "FUTURE - CASH SETTLED",
        "value": "1939380.04",
        "weight": "0.00368598",
        "shared": false
      },
      {
        "name": "ABBOTT LABS",
        "value": "1928850.30",
        "weight": "0.00366597",
        "shared": false
      },
      {
        "name": "SATS 3.875 11/30/30",
        "value": "1928013.75",
        "weight": "0.00366438",
        "shared": false
      },
      {
        "name": "BEONE MEDICINES LTD ADR",
        "value": "1815401.73",
        "weight": "0.00345035",
        "shared": false
      },
      {
        "name": "PROVINCIA DE BUENOS AIRES/GOVERNMENT BONDS MTN 6.625000% 09/01/2037",
        "value": "1802678.67",
        "weight": "0.00342617",
        "shared": false
      },
      {
        "name": "LILLY ELI and CO",
        "value": "1790486.98",
        "weight": "0.00340299",
        "shared": false
      },
      {
        "name": "VAXCYTE INC",
        "value": "1787064.30",
        "weight": "0.00339649",
        "shared": false
      },
      {
        "name": "SCHOLAR ROCK HOLDING CORP",
        "value": "1786028.88",
        "weight": "0.00339452",
        "shared": false
      },
      {
        "name": "Nebius Group NV",
        "value": "1716162.00",
        "weight": "0.00326173",
        "shared": false
      },
      {
        "name": "TEVA PHARMACEUTICAL IND ADR",
        "value": "1686939.06",
        "weight": "0.00320619",
        "shared": false
      },
      {
        "name": "ROIVANT SCIENCES LTD",
        "value": "1627383.02",
        "weight": "0.00309300",
        "shared": false
      },
      {
        "name": "Nebius Group NV",
        "value": "1586601.25",
        "weight": "0.00301549",
        "shared": false
      },
      {
        "name": "BOEING CO/THE",
        "value": "1584063.86",
        "weight": "0.00301067",
        "shared": false
      },
      {
        "name": "INSMED INC",
        "value": "1564082.42",
        "weight": "0.00297269",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "MSILF Treasury Portfolio, Class Institutional",
        "value": "55077766.00",
        "weight": "0.27711807",
        "shared": false
      },
      {
        "name": "DREY-GVT CSH-I",
        "value": "55077765.86",
        "weight": "0.27711807",
        "shared": true
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "19848269.20",
        "weight": "0.09986451",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "14977368.75",
        "weight": "0.07535708",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "14956201.95",
        "weight": "0.07525058",
        "shared": true
      },
      {
        "name": "UST BILLS 0% 05/14/2026",
        "value": "14934922.80",
        "weight": "0.07514352",
        "shared": true
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "14906827.80",
        "weight": "0.07500216",
        "shared": false
      },
      {
        "name": "WTI CRUDE",
        "value": "4061525.83",
        "weight": "0.02043515",
        "shared": true
      },
      {
        "name": "BRENT CRUDE FUTR  JUN26 IFEU 20260430",
        "value": "2668526.15",
        "weight": "0.01342641",
        "shared": true
      },
      {
        "name": "WHEAT (CBT)",
        "value": "866786.61",
        "weight": "0.00436115",
        "shared": false
      },
      {
        "name": "XAV HEALTH CARE",
        "value": "456552.99",
        "weight": "0.00229710",
        "shared": true
      },
      {
        "name": "LME ZINC",
        "value": "410798.27",
        "weight": "0.00206689",
        "shared": true
      },
      {
        "name": "Low Su Gasoil G   May26",
        "value": "258636.00",
        "weight": "0.00130130",
        "shared": true
      },
      {
        "name": "WORLDCLIMATE PARI MAR26",
        "value": "212595.95",
        "weight": "0.00106965",
        "shared": true
      },
      {
        "name": "SILVER SEP 26",
        "value": "37439.49",
        "weight": "0.00018837",
        "shared": true
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000940400-26-014752",
      "as_of": "2026-02-27",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1535538/000094040026014752/0000940400-26-014752-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0000940400-26-021780",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1561785/000094040026021780/0000940400-26-021780-index.htm"
    }
  ]
}