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.
Performance
FTA vs. GPAIX - Performance Comparison
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FTA vs. GPAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTA First Trust Large Cap Value AlphaDEX Fund | 7.31% | 14.94% | 10.13% | 10.08% | -3.73% | 29.32% | -0.38% | 24.73% | -13.63% | 18.47% |
GPAIX Grant Park Multi Alternative Strategies Fund | 2.54% | 12.24% | 1.33% | 4.02% | -1.88% | 5.70% | 9.09% | 14.33% | -5.96% | 12.36% |
Returns By Period
In the year-to-date period, FTA achieves a 7.31% return, which is significantly higher than GPAIX's 2.54% return. Over the past 10 years, FTA has outperformed GPAIX with an annualized return of 10.73%, while GPAIX has yielded a comparatively lower 4.62% annualized return.
FTA
- 1D
- -0.29%
- 1M
- -2.78%
- YTD
- 7.31%
- 6M
- 11.00%
- 1Y
- 22.47%
- 3Y*
- 13.84%
- 5Y*
- 9.77%
- 10Y*
- 10.73%
GPAIX
- 1D
- 0.60%
- 1M
- -3.94%
- YTD
- 2.54%
- 6M
- 4.46%
- 1Y
- 13.37%
- 3Y*
- 6.99%
- 5Y*
- 4.21%
- 10Y*
- 4.62%
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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.
Return for Risk
FTA vs. GPAIX — Risk / Return Rank
FTA
GPAIX
FTA vs. GPAIX - Risk-Adjusted Trends 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.
| FTA | GPAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 1.61 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.92 | 2.17 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.26 | -0.54 |
Martin ratioReturn relative to average drawdown | 8.05 | 7.57 | +0.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTA | GPAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.61 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.66 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.64 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.69 | -0.32 |
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.
Dividends
FTA vs. GPAIX - Dividend Comparison
FTA's dividend yield for the trailing twelve months is around 1.73%, less than GPAIX's 3.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTA First Trust Large Cap Value AlphaDEX Fund | 1.73% | 1.89% | 2.02% | 2.10% | 2.15% | 1.54% | 2.03% | 1.88% | 2.28% | 1.53% | 1.56% | 2.05% |
GPAIX Grant Park Multi Alternative Strategies Fund | 3.36% | 3.44% | 2.01% | 1.98% | 2.71% | 10.90% | 1.78% | 13.29% | 1.51% | 1.68% | 1.92% | 1.49% |
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.
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Drawdown Indicators
| FTA | GPAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.45% | -17.16% | -45.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.94% | -6.01% | -6.93% |
Max Drawdown (5Y)Largest decline over 5 years | -19.80% | -9.13% | -10.67% |
Max Drawdown (10Y)Largest decline over 10 years | -44.97% | -17.16% | -27.81% |
Current DrawdownCurrent decline from peak | -2.78% | -5.04% | +2.26% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -4.22% | -4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 1.79% | +0.98% |
Volatility
FTA vs. GPAIX - Volatility Comparison
First Trust Large Cap Value AlphaDEX Fund (FTA) has a higher volatility of 3.11% compared to Grant Park Multi Alternative Strategies Fund (GPAIX) at 2.59%. 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.
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Volatility by Period
| FTA | GPAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 2.59% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 6.86% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.08% | 8.57% | +8.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 6.46% | +9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.00% | 7.21% | +12.79% |