GPAIX vs. FTA
Compare and contrast key facts about Grant Park Multi Alternative Strategies Fund (GPAIX) and First Trust Large Cap Value AlphaDEX Fund (FTA).
GPAIX is managed by Grant Park. It was launched on Dec 30, 2013. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GPAIX or FTA.
Correlation
The correlation between GPAIX and FTA 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
GPAIX vs. FTA - Performance Comparison
Key characteristics
GPAIX:
0.78
FTA:
1.07
GPAIX:
1.11
FTA:
1.60
GPAIX:
1.14
FTA:
1.19
GPAIX:
0.68
FTA:
1.37
GPAIX:
1.92
FTA:
3.78
GPAIX:
2.71%
FTA:
3.41%
GPAIX:
6.70%
FTA:
12.06%
GPAIX:
-17.16%
FTA:
-62.45%
GPAIX:
-2.32%
FTA:
-5.04%
Returns By Period
In the year-to-date period, GPAIX achieves a 2.95% return, which is significantly lower than FTA's 3.10% return. Over the past 10 years, GPAIX has underperformed FTA with an annualized return of 2.20%, while FTA has yielded a comparatively higher 7.84% annualized return.
GPAIX
2.95%
1.31%
1.44%
5.81%
2.15%
2.20%
FTA
3.10%
-0.67%
3.83%
13.61%
9.60%
7.84%
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GPAIX vs. FTA - Expense Ratio Comparison
GPAIX has a 1.43% expense ratio, which is higher than FTA's 0.60% expense ratio.
Risk-Adjusted Performance
GPAIX vs. FTA — Risk-Adjusted Performance Rank
GPAIX
FTA
GPAIX vs. FTA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grant Park Multi Alternative Strategies Fund (GPAIX) and First Trust Large Cap Value AlphaDEX Fund (FTA). 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
GPAIX vs. FTA - Dividend Comparison
GPAIX's dividend yield for the trailing twelve months is around 1.95%, which matches FTA's 1.96% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPAIX Grant Park Multi Alternative Strategies Fund | 1.95% | 2.01% | 1.98% | 2.71% | 4.88% | 0.60% | 11.53% | 0.00% | 0.00% | 1.92% | 0.76% | 3.24% |
FTA First Trust Large Cap Value AlphaDEX Fund | 1.96% | 2.02% | 2.10% | 2.15% | 1.54% | 2.03% | 1.88% | 2.28% | 1.53% | 1.56% | 2.05% | 1.79% |
Drawdowns
GPAIX vs. FTA - Drawdown Comparison
The maximum GPAIX drawdown since its inception was -17.16%, smaller than the maximum FTA drawdown of -62.45%. Use the drawdown chart below to compare losses from any high point for GPAIX and FTA. For additional features, visit the drawdowns tool.
Volatility
GPAIX vs. FTA - Volatility Comparison
The current volatility for Grant Park Multi Alternative Strategies Fund (GPAIX) is 2.00%, while First Trust Large Cap Value AlphaDEX Fund (FTA) has a volatility of 3.23%. This indicates that GPAIX experiences smaller price fluctuations and is considered to be less risky than FTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.