First Trust Multi-Strategy Alternative ETF (LALT)

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First Trust Multi-Strategy Alternative ETF (LALT) returned 0.19% year-to-date (YTD) and 4.46% over the past 12 months. Over the past 10 years, LALT returned -0.57% annually, underperforming the S&P 500 benchmark at 10.84%.

The table below presents the monthly returns of LALT, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

The current rank of LALT is 47, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.

The charts below present risk-adjusted performance metrics for First Trust Multi-Strategy Alternative ETF (LALT) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

First Trust Multi-Strategy Alternative ETF Sharpe ratios as of May 30, 2025 (values are recalculated daily):

• 1-Year: 0.43
• 5-Year: 0.03
• 10-Year: -0.05
• All Time: -0.11

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of First Trust Multi-Strategy Alternative ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

First Trust Multi-Strategy Alternative ETF provided a 2.34% dividend yield over the last twelve months, with an annual payout of $0.49 per share.

The table displays the monthly dividend distributions for First Trust Multi-Strategy Alternative ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the First Trust Multi-Strategy Alternative ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Trust Multi-Strategy Alternative ETF was 21.72%, occurring on Mar 20, 2023. The portfolio has not yet recovered.

The current First Trust Multi-Strategy Alternative ETF drawdown is 13.05%.

The chart below shows the rolling one-month volatility.