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AlphaClone Alternative Alpha ETF (ALFA)

ETF · Currency in USD · Last updated Apr 1, 2023

ALFA is a passive ETF by Exchange Traded Concepts tracking the investment results of the AlphaClone Hedge Fund Masters Index. ALFA launched on May 31, 2012 and has a 0.65% expense ratio.

Share Price Chart

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The chart shows the growth of $10,000 invested in AlphaClone Alternative Alpha ETF in Apr 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $25,483 for a total return of roughly 154.83%. All prices are adjusted for splits and dividends.

ALFA (AlphaClone Alternative Alpha ETF)
Benchmark (^GSPC)

S&P 500

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AlphaClone Alternative Alpha ETF


AlphaClone Alternative Alpha ETF had a return of -20.39% year-to-date (YTD) and -28.77% in the last 12 months. Over the past 10 years, AlphaClone Alternative Alpha ETF had an annualized return of 8.78%, while the S&P 500 had an annualized return of 11.15%, indicating that AlphaClone Alternative Alpha ETF did not perform as well as the benchmark.

1 month4.53%-3.69%
6 months-8.27%-9.57%
1 year-28.77%-12.29%
5 years (annualized)8.78%10.05%
10 years (annualized)8.78%11.15%

Monthly Returns Heatmap


Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current AlphaClone Alternative Alpha ETF Sharpe ratio is -0.88. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.

ALFA (AlphaClone Alternative Alpha ETF)
Benchmark (^GSPC)

Dividend History

AlphaClone Alternative Alpha ETF granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.


Dividend yield


Monthly Dividends

The table displays the monthly dividend distributions for AlphaClone Alternative Alpha ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

ALFA (AlphaClone Alternative Alpha ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the AlphaClone Alternative Alpha ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the AlphaClone Alternative Alpha ETF is 42.87%, recorded on Jun 16, 2022. The portfolio has not recovered from it yet.



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To Recover



-42.87%Nov 5, 2021154Jun 16, 2022
-39.62%Feb 20, 202023Mar 23, 202093Aug 5, 2020116
-31.78%May 28, 2015274Jun 27, 2016417Mar 12, 2018691
-22.58%Aug 30, 201880Dec 24, 201867Apr 2, 2019147
-19.13%Feb 16, 202162May 13, 202174Aug 27, 2021136
-11.3%Sep 2, 20207Sep 11, 202018Oct 7, 202025
-10.74%Mar 13, 201817Apr 6, 201832May 22, 201849
-10.19%Sep 19, 201417Oct 13, 201421Nov 11, 201438
-10.18%Mar 7, 201427Apr 14, 201492Aug 25, 2014119
-9.61%Sep 7, 202120Oct 4, 202123Nov 4, 202143

Volatility Chart

Current AlphaClone Alternative Alpha ETF volatility is 1.25%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.

ALFA (AlphaClone Alternative Alpha ETF)
Benchmark (^GSPC)