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FTA vs. GPAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FTA and GPAIX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.4

Performance

FTA vs. GPAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Large Cap Value AlphaDEX Fund (FTA) and Grant Park Multi Alternative Strategies Fund (GPAIX). The values are adjusted to include any dividend payments, if applicable.

60.00%80.00%100.00%120.00%140.00%160.00%NovemberDecember2025FebruaryMarchApril
126.55%
60.31%
FTA
GPAIX

Key characteristics

Sharpe Ratio

FTA:

0.01

GPAIX:

0.00

Sortino Ratio

FTA:

0.14

GPAIX:

0.05

Omega Ratio

FTA:

1.02

GPAIX:

1.01

Calmar Ratio

FTA:

0.01

GPAIX:

0.00

Martin Ratio

FTA:

0.04

GPAIX:

0.01

Ulcer Index

FTA:

5.44%

GPAIX:

3.06%

Daily Std Dev

FTA:

17.29%

GPAIX:

7.44%

Max Drawdown

FTA:

-62.45%

GPAIX:

-17.16%

Current Drawdown

FTA:

-11.69%

GPAIX:

-3.21%

Returns By Period

In the year-to-date period, FTA achieves a -4.12% return, which is significantly lower than GPAIX's 0.76% return. Over the past 10 years, FTA has outperformed GPAIX with an annualized return of 7.07%, while GPAIX has yielded a comparatively lower 2.92% annualized return.


FTA

YTD

-4.12%

1M

-5.43%

6M

-6.14%

1Y

0.59%

5Y*

15.27%

10Y*

7.07%

GPAIX

YTD

0.76%

1M

-0.47%

6M

1.43%

1Y

-0.44%

5Y*

3.30%

10Y*

2.92%

*Annualized

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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.


Expense ratio chart for GPAIX: current value is 1.43%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GPAIX: 1.43%
Expense ratio chart for FTA: current value is 0.60%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FTA: 0.60%

Risk-Adjusted Performance

FTA vs. GPAIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTA
The Risk-Adjusted Performance Rank of FTA is 2020
Overall Rank
The Sharpe Ratio Rank of FTA is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of FTA is 2020
Sortino Ratio Rank
The Omega Ratio Rank of FTA is 2020
Omega Ratio Rank
The Calmar Ratio Rank of FTA is 2121
Calmar Ratio Rank
The Martin Ratio Rank of FTA is 2121
Martin Ratio Rank

GPAIX
The Risk-Adjusted Performance Rank of GPAIX is 2121
Overall Rank
The Sharpe Ratio Rank of GPAIX is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of GPAIX is 1919
Sortino Ratio Rank
The Omega Ratio Rank of GPAIX is 1919
Omega Ratio Rank
The Calmar Ratio Rank of GPAIX is 2323
Calmar Ratio Rank
The Martin Ratio Rank of GPAIX is 2222
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for FTA, currently valued at 0.01, compared to the broader market-1.000.001.002.003.004.00
FTA: 0.01
GPAIX: 0.00
The chart of Sortino ratio for FTA, currently valued at 0.14, compared to the broader market-2.000.002.004.006.008.00
FTA: 0.14
GPAIX: 0.05
The chart of Omega ratio for FTA, currently valued at 1.02, compared to the broader market0.501.001.502.002.50
FTA: 1.02
GPAIX: 1.01
The chart of Calmar ratio for FTA, currently valued at 0.01, compared to the broader market0.002.004.006.008.0010.0012.00
FTA: 0.01
GPAIX: 0.00
The chart of Martin ratio for FTA, currently valued at 0.04, compared to the broader market0.0020.0040.0060.00
FTA: 0.04
GPAIX: 0.01

The current FTA Sharpe Ratio is 0.01, which is higher than the GPAIX Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of FTA and GPAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.01
0.00
FTA
GPAIX

Dividends

FTA vs. GPAIX - Dividend Comparison

FTA's dividend yield for the trailing twelve months is around 2.24%, more than GPAIX's 1.99% yield.


TTM20242023202220212020201920182017201620152014
FTA
First Trust Large Cap Value AlphaDEX Fund
2.24%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%11.14%1.78%13.29%1.51%1.68%1.92%1.49%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.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-11.69%
-3.21%
FTA
GPAIX

Volatility

FTA vs. GPAIX - Volatility Comparison

First Trust Large Cap Value AlphaDEX Fund (FTA) has a higher volatility of 12.33% compared to Grant Park Multi Alternative Strategies Fund (GPAIX) at 3.39%. 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.


2.00%4.00%6.00%8.00%10.00%12.00%NovemberDecember2025FebruaryMarchApril
12.33%
3.39%
FTA
GPAIX