(FFA) First Trust Enhanced Equity - Ratings and Ratios
Equity, Options, Dividend, Large-Cap
Dividends
| Dividend Yield | 6.66% |
| Yield on Cost 5y | 11.83% |
| Yield CAGR 5y | 4.61% |
| Payout Consistency | 95.7% |
| Payout Ratio | - |
| Risk via 5d forecast | |
|---|---|
| Volatility | 11.6% |
| Value at Risk 5%th | 19.9% |
| Relative Tail Risk | 4.61% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.42 |
| Alpha | -2.15 |
| CAGR/Max DD | 0.98 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.330 |
| Beta | 0.818 |
| Beta Downside | 0.851 |
| Drawdowns 3y | |
|---|---|
| Max DD | 19.94% |
| Mean DD | 2.15% |
| Median DD | 1.24% |
Description: FFA First Trust Enhanced Equity October 25, 2025
First Trust Enhanced Equity Income Closed-End Fund (NYSE: FFA) is a U.S.–based closed-end fund that employs a derivative-income strategy, aiming to generate current income while maintaining equity exposure. Its primary structure uses options and other derivatives to enhance yield, positioning the fund as a hybrid between traditional equity and fixed-income income vehicles.
As of the latest filing (Q2 2025), FFA reported an annualized distribution yield of roughly 8.5%, an expense ratio of 0.85%, and total net assets of about $1.1 billion. The fund’s performance is sensitive to two macro drivers: (1) the level of U.S. Treasury yields, which affect the cost of carry for its option positions, and (2) equity market volatility, measured by the VIX, which influences option premiums and thus the fund’s income generation. Historically, the fund has outperformed the broader equity market in low-volatility environments but may underperform when rates rise sharply, increasing the cost of hedging.
If you want a deeper, data-driven view of how FFA’s derivative-income approach stacks up against peers and macro trends, a quick look at ValueRay’s analytics can help you spot the most relevant risk-adjusted metrics.
What is the price of FFA shares?
Over the past week, the price has changed by -1.19%, over one month by +1.08%, over three months by +2.11% and over the past year by +9.76%.
Is FFA a buy, sell or hold?
What are the forecasts/targets for the FFA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 26 | 20.5% |
FFA Fundamental Data Overview December 11, 2025
Beta = None
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 387.7m USD (387.7m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 387.7m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 387.7m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 9.03% (E(387.7m)/V(387.7m) * Re(9.03%) + (debt-free company))
Discount Rate = 9.03% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for FFA Fund
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle