FTA vs. GPAIX
Compare and contrast key facts about First Trust Large Cap Value AlphaDEX Fund (FTA) and Grant Park Multi Alternative Strategies Fund (GPAIX).
FTA is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Large Cap Value Index. It was launched on May 8, 2007. GPAIX is managed by Grant Park. It was launched on Dec 30, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTA or GPAIX.
Correlation
The correlation between FTA and GPAIX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FTA vs. GPAIX - Performance Comparison
Key characteristics
FTA:
-0.06
GPAIX:
0.03
FTA:
0.02
GPAIX:
0.09
FTA:
1.00
GPAIX:
1.01
FTA:
-0.07
GPAIX:
0.03
FTA:
-0.18
GPAIX:
0.07
FTA:
4.21%
GPAIX:
2.85%
FTA:
13.53%
GPAIX:
6.78%
FTA:
-62.45%
GPAIX:
-17.16%
FTA:
-11.01%
GPAIX:
-4.13%
Returns By Period
In the year-to-date period, FTA achieves a -3.38% return, which is significantly lower than GPAIX's 1.05% return. Over the past 10 years, FTA has outperformed GPAIX with an annualized return of 7.30%, while GPAIX has yielded a comparatively lower 1.81% annualized return.
FTA
-3.38%
-2.69%
-5.52%
-0.87%
18.73%
7.30%
GPAIX
1.05%
-0.28%
-0.98%
0.02%
2.05%
1.81%
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FTA vs. GPAIX - Expense Ratio Comparison
FTA has a 0.60% expense ratio, which is lower than GPAIX's 1.43% expense ratio.
Risk-Adjusted Performance
FTA vs. GPAIX — Risk-Adjusted Performance Rank
FTA
GPAIX
FTA vs. GPAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Large Cap Value AlphaDEX Fund (FTA) and Grant Park Multi Alternative Strategies Fund (GPAIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FTA vs. GPAIX - Dividend Comparison
FTA's dividend yield for the trailing twelve months is around 2.22%, more than GPAIX's 1.99% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTA First Trust Large Cap Value AlphaDEX Fund | 2.22% | 2.02% | 2.10% | 2.15% | 1.54% | 2.03% | 1.88% | 2.28% | 1.53% | 1.56% | 2.05% | 1.79% |
GPAIX Grant Park Multi Alternative Strategies Fund | 1.99% | 2.01% | 1.98% | 2.71% | 4.88% | 0.60% | 11.53% | 0.00% | 0.00% | 1.92% | 0.76% | 3.24% |
Drawdowns
FTA vs. GPAIX - Drawdown Comparison
The maximum FTA drawdown since its inception was -62.45%, which is greater than GPAIX's maximum drawdown of -17.16%. Use the drawdown chart below to compare losses from any high point for FTA and GPAIX. For additional features, visit the drawdowns tool.
Volatility
FTA vs. GPAIX - Volatility Comparison
First Trust Large Cap Value AlphaDEX Fund (FTA) has a higher volatility of 6.32% compared to Grant Park Multi Alternative Strategies Fund (GPAIX) at 1.39%. This indicates that FTA's price experiences larger fluctuations and is considered to be riskier than GPAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.