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ETFs

First Trust Multi-Strategy Alternative ETF

LALT
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jan 31, 2023
Expense Ratio
1.23%
Type
Global Diversified
Fund Owner
First Trust
Volume (1m avg. daily)
$12,995
AUM
$2,025,040
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

FAAR
First Trust Exchange-Traded Fund III - First Trust Alternative Absolute Return Strategy ETF
21.66%
FMF
First Trust Exchange-Traded Fund V. - First Trust Managed Futures Strategy Fund
21.51%
MARB
First Trust Exchange-Traded Fund III - First Trust Merger Arbitrage ETF
11.83%
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
10.44%
FTLS
First Trust Exchange-Traded Fund III - First Trust Long/Short Equity ETF
9.78%
UCON
First Trust Exchange-Traded Fund VIII - First Trust TCW Unconstrained Plus Bond ETF
9.74%
IEF
BlackRock Institutional Trust Company N.A. - iShares 7-10 Year Treasury Bond ETF
9.36%
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
4.9%
—
US Dollar
0.77%
Invest with LALT
Trade LALT Options

What is LALT?

The First Trust Multi-Strategy Alternative ETF's (the "Fund") investment objective is long-term total return. The Fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by allocating its assets amongst a variety of alternative asset categories and strategies in an effort to provide lower correlation and diversifying risk exposures compared to traditional equity and fixed income benchmarks (e.g., the S&P 500 Index or Bloomberg Aggregate Bond Index) over various market cycles. The alternative asset categories and strategies the Fund may employ include, but are not limited to, hedged equity, long/short, event-driven, managed futures, commodities, real estate, opportunistic fixed income, relative value, currencies, and global macro. The Fund will primarily gain exposure to these alternative asset categories and strategies through investments in exchange-traded products ("ETPs") (including ETFs, exchange-traded notes ("ETNs"), and trusts backed by physical commodities or currencies). Alternative asset categories are those other than traditional equity, fixed income, and cash. Alternative investment strategies are typically considered those that allocate capital based on investment approaches other than a traditional "long-only" approach.

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YTD
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LALT
Performance Measures**

for the time period Feb 1, 2023 to Dec 4, 2025

Returns

1M Trailing Return: 1.8%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 4.4%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -7.0%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 5.4%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 1.34

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 1.05

The annualized return divided by the max drawdown for the selected time period.

ETFs related toLALT

ETFs correlated to LALT include FTGC, USCI, RLY

LALT
First Trust Exchange-Traded Fund VIII - First Trust Multi-Strategy Alternative ETF
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
USCI
United States Commodity Funds LLC - United States Commodity Index Fund
RLY
SSgA Active Trust - SPDR SSgA Multi-Asset Real Return ETF
DWX
SSgA Active Trust - SPDR S&P International Dividend ETF
GWX
SSgA Active Trust - SPDR S&P International Small Cap ETF
VYMI
Vanguard Group, Inc. - Vanguard International High Dividend Yield ETF
BCI
abrdn ETF - abrdn Bloomberg All Commodity Strategy K-1 Free ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
ICOW
Pacer Funds Trust - Pacer Developed Markets International Cash Cows 100 ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

LALT is a Global Diversified ETF. The First Trust Multi-Strategy Alternative ETF's (the "Fund") investment objective is long-term total return. The Fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by allocating its assets amongst a variety of alternative asset categories and strategies in an effort to provide lower correlation and diversifying risk exposures compared to traditional equity and fixed income benchmarks (e.g., the S&P 500 Index or Bloomberg Aggregate Bond Index) over various market cycles. The alternative asset categories and strategies the Fund may employ include, but are not limited to, hedged equity, long/short, event-driven, managed futures, commodities, real estate, opportunistic fixed income, relative value, currencies, and global macro. The Fund will primarily gain exposure to these alternative asset categories and strategies through investments in exchange-traded products ("ETPs") (including ETFs, exchange-traded notes ("ETNs"), and trusts backed by physical commodities or currencies). Alternative asset categories are those other than traditional equity, fixed income, and cash. Alternative investment strategies are typically considered those that allocate capital based on investment approaches other than a traditional "long-only" approach.

Yes, LALT is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, LALT is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on LALT is 0.0069%. This is the percent change in the value of LALT over the most recent 1-month period. The 3-month return on LALT is 0.0205%. This is the percent change in the value of LALT over the most recent 3-month period.

ETFs similar to LALT include AOR, DRSK, and FPEI.

ETFs correlated to LALT include FTGC, USCI, and RLY.

ETFs that are inversely correlated to LALT include EFZ, EPV, and EDZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.