First Trust Multi-Strategy Alternative ETF (LALT)
LALT is an actively managed ETF by First Trust. LALT launched on Jan 31, 2023 and has a 1.94% expense ratio.
ETF Info
US46090A6064
Jan 31, 2023
North America (U.S.)
1x
No Index (Active)
Mid-Cap
Blend
Expense Ratio
LALT has a high expense ratio of 1.94%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Multi-Strategy Alternative ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Trust Multi-Strategy Alternative ETF had a return of 2.49% year-to-date (YTD) and 8.31% in the last 12 months. Over the past 10 years, First Trust Multi-Strategy Alternative ETF had an annualized return of -0.36%, while the S&P 500 had an annualized return of 11.31%, indicating that First Trust Multi-Strategy Alternative ETF did not perform as well as the benchmark.
LALT
2.49%
0.91%
4.70%
8.31%
0.63%
-0.36%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.06% | 2.49% | |||||||||||
| 2024 | 1.29% | 1.79% | 2.03% | -1.10% | -0.12% | 1.41% | 0.71% | -0.10% | 0.89% | -0.19% | 1.61% | 0.12% | 8.61% |
| 2023 | 0.00% | -8.75% | 0.38% | -0.05% | -0.25% | 0.21% | 1.71% | 0.23% | -0.15% | -1.54% | 1.16% | -0.12% | -7.32% |
| 2022 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2021 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2020 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2019 | 0.89% | -0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.47% |
| 2018 | 0.24% | 0.80% | 2.24% | 0.68% | -1.26% | 0.92% | -0.55% | -1.94% | 0.89% | 1.07% | 1.70% | -2.65% | 2.02% |
| 2017 | 1.51% | -1.76% | -0.70% | -0.93% | -1.53% | 0.80% | -0.06% | -3.17% | 0.44% | -1.84% | 2.15% | -0.70% | -5.77% |
| 2016 | -1.19% | 1.84% | 1.23% | -0.46% | 0.52% | -0.01% | 0.06% | 0.45% | 0.93% | 0.16% | -0.26% | -1.83% | 1.39% |
| 2015 | -5.12% | 1.48% | 0.00% | 0.25% | -0.21% | -1.37% | -0.96% | 1.38% | -0.80% | -1.15% | -0.80% | -0.96% | -8.10% |
| 2014 | 0.16% | -0.34% | -0.67% | 0.16% | -1.45% | 0.31% | -0.72% | -0.69% | -3.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LALT is 43, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
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.
Dividends
Dividend History
First Trust Multi-Strategy Alternative ETF provided a 2.01% dividend yield over the last twelve months, with an annual payout of $0.43 per share.
| Period | TTM | 2024 | 2023 |
|---|---|---|---|
| Dividend | $0.43 | $0.43 | $0.48 |
Dividend yield | 2.01% | 2.06% | 2.44% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.43 |
| 2023 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.48 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 11.05%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.72% | Nov 12, 2018 | 1094 | Mar 20, 2023 | — | — | — |
| -19.59% | Jun 11, 2014 | 983 | May 10, 2018 | 128 | Nov 9, 2018 | 1111 |
| -0.28% | Jun 2, 2014 | 4 | Jun 5, 2014 | 1 | Jun 6, 2014 | 5 |
Volatility
Volatility Chart
The current First Trust Multi-Strategy Alternative ETF volatility is 9.09%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.