First Trust Multi-Strategy Alternative ETF (LALT) belongs to the Global Allocation category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with LALT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to LALT
LALT charges 1.94% annually. There are 16 ETFs in the Global Allocation category with lower expense ratios, going as low as 0.24%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Elm Market Navigator ETF | 0.24% | 493.11M | Dec 2011 | LALT vs ELM | |
| WisdomTree International Efficient Core Fund | 0.26% | 483.72M | May 2021 | LALT vs NTSI | |
| Cambria Endowment Style ETF | 0.29% | 149.69M | Apr 2025 | LALT vs ENDW | |
| JPMorgan Flexible Income ETF | 0.35% | 47.78M | Feb 2025 | LALT vs JFLI | |
| Return Stacked Global Stocks & Bonds ETF | 0.39% | 504.92M | Dec 2023 | LALT vs RSSB |
Best Risk-Adjusted Alternatives to LALT
LALT has a PortfoliosLab risk / return rank of 91. There are 2 ETFs in the Global Allocation category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Frontier Asset Absolute Return ETF | 93 | 11.67M | Dec 2024 | LALT vs FARX | |
| State Street Multi-Asset Real Return ETF | 91 | 1.27B | Apr 2012 | LALT vs RLY | |
| Global X Alternative Income ETF | 90 | 45.64M | Jul 2015 | LALT vs ALTY | |
| Cambria Endowment Style ETF | 88 | 149.69M | Apr 2025 | LALT vs ENDW | |
| Keating Active ETF | 79 | 99.30M | Mar 2024 | LALT vs KEAT |
Top Performing LALT Alternatives (YTD)
LALT is at 8.61% YTD. There are 8 ETFs in the Global Allocation category with higher YTD returns, going as high as 16.44%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Blueprint Chesapeake Multi-Asset Trend ETF | 16.44% | 163.81M | Jul 2023 | LALT vs TFPN | |
| State Street Multi-Asset Real Return ETF | 15.77% | 1.27B | Apr 2012 | LALT vs RLY | |
| Astoria Real Assets ETF | 14.54% | 74.59M | Dec 2021 | LALT vs PPI | |
| Cambria Endowment Style ETF | 11.70% | 149.69M | Apr 2025 | LALT vs ENDW | |
| Gadsden Dynamic Multi-Asset ETF | 10.56% | 160.49M | Nov 2018 | LALT vs GDMA |
Lowest Volatility Alternatives to LALT
LALT has 6.95% 1-year volatility. There is 1 ETF in the Global Allocation category with lower 1-year volatility, going as low as 5.93%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Global X Alternative Income ETF | 5.93% | 45.64M | Jul 2015 | LALT vs ALTY | |
| Frontier Asset Absolute Return ETF | 7.36% | 11.67M | Dec 2024 | LALT vs FARX | |
| JPMorgan Flexible Income ETF | 9.62% | 47.78M | Feb 2025 | LALT vs JFLI | |
| Elm Market Navigator ETF | 9.80% | 493.11M | Dec 2011 | LALT vs ELM | |
| Cambria Endowment Style ETF | 10.48% | 149.69M | Apr 2025 | LALT vs ENDW |
Lowest Drawdown Alternatives to LALT
LALT has a 1-year max drawdown of -3.72%. There is 1 ETF in the Global Allocation category with a shallower 1-year drawdown, going as shallow as -2.99%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Frontier Asset Absolute Return ETF | -2.99% | 11.67M | Dec 2024 | LALT vs FARX | |
| Global X Alternative Income ETF | -4.34% | 45.64M | Jul 2015 | LALT vs ALTY | |
| Harbor Multi-Asset Explorer ETF | -6.17% | 10.20M | Sep 2023 | LALT vs MAPP | |
| Cambria Endowment Style ETF | -6.44% | 149.69M | Apr 2025 | LALT vs ENDW | |
| JPMorgan Flexible Income ETF | -6.67% | 47.78M | Feb 2025 | LALT vs JFLI |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 16 categories. AUM among these funds goes as high as $25B.
Often Compared With LALT
Investors most often compare LALT with IALT, FLSP, QALT. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare LALT with Any Fund or Stock
Compare LALT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair LALT with funds that move differently
First Trust Multi-Strategy Alternative ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to LALT.
Explore LALT Diversifiers