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

Correlation

The correlation between GPAIX and FTA 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

GPAIX vs. FTA - Performance Comparison

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

40.00%60.00%80.00%100.00%120.00%140.00%160.00%NovemberDecember2025FebruaryMarchApril
40.85%
126.55%
GPAIX
FTA

Key characteristics

Sharpe Ratio

GPAIX:

0.00

FTA:

0.01

Sortino Ratio

GPAIX:

0.05

FTA:

0.14

Omega Ratio

GPAIX:

1.01

FTA:

1.02

Calmar Ratio

GPAIX:

0.00

FTA:

0.01

Martin Ratio

GPAIX:

0.01

FTA:

0.04

Ulcer Index

GPAIX:

3.07%

FTA:

5.44%

Daily Std Dev

GPAIX:

7.44%

FTA:

17.29%

Max Drawdown

GPAIX:

-17.16%

FTA:

-62.45%

Current Drawdown

GPAIX:

-4.40%

FTA:

-11.69%

Returns By Period

In the year-to-date period, GPAIX achieves a 0.76% return, which is significantly higher than FTA's -4.12% return. Over the past 10 years, GPAIX has underperformed FTA with an annualized return of 1.72%, while FTA has yielded a comparatively higher 7.05% annualized return.


GPAIX

YTD

0.76%

1M

-0.47%

6M

1.43%

1Y

-0.90%

5Y*

1.79%

10Y*

1.72%

FTA

YTD

-4.12%

1M

-5.06%

6M

-6.14%

1Y

0.83%

5Y*

14.44%

10Y*

7.05%

*Annualized

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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.


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

GPAIX vs. FTA — Risk-Adjusted Performance Rank

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

GPAIX
The Risk-Adjusted Performance Rank of GPAIX is 2222
Overall Rank
The Sharpe Ratio Rank of GPAIX is 2424
Sharpe Ratio Rank
The Sortino Ratio Rank of GPAIX is 2121
Sortino Ratio Rank
The Omega Ratio Rank of GPAIX is 2020
Omega Ratio Rank
The Calmar Ratio Rank of GPAIX is 2424
Calmar Ratio Rank
The Martin Ratio Rank of GPAIX is 2323
Martin Ratio Rank

FTA
The Risk-Adjusted Performance Rank of FTA is 2222
Overall Rank
The Sharpe Ratio Rank of FTA is 2323
Sharpe Ratio Rank
The Sortino Ratio Rank of FTA is 2222
Sortino Ratio Rank
The Omega Ratio Rank of FTA is 2222
Omega Ratio Rank
The Calmar Ratio Rank of FTA is 2323
Calmar Ratio Rank
The Martin Ratio Rank of FTA is 2323
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.

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.


The chart of Sharpe ratio for GPAIX, currently valued at 0.00, compared to the broader market-1.000.001.002.003.00
GPAIX: 0.00
FTA: 0.01
The chart of Sortino ratio for GPAIX, currently valued at 0.05, compared to the broader market-2.000.002.004.006.008.00
GPAIX: 0.05
FTA: 0.14
The chart of Omega ratio for GPAIX, currently valued at 1.01, compared to the broader market0.501.001.502.002.503.00
GPAIX: 1.01
FTA: 1.02
The chart of Calmar ratio for GPAIX, currently valued at 0.00, compared to the broader market0.002.004.006.008.0010.00
GPAIX: 0.00
FTA: 0.01
The chart of Martin ratio for GPAIX, currently valued at 0.01, compared to the broader market0.0010.0020.0030.0040.0050.00
GPAIX: 0.01
FTA: 0.04

The current GPAIX Sharpe Ratio is 0.00, which is lower than the FTA Sharpe Ratio of 0.01. The chart below compares the historical Sharpe Ratios of GPAIX and FTA, 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
0.00
0.01
GPAIX
FTA

Dividends

GPAIX vs. FTA - Dividend Comparison

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


TTM20242023202220212020201920182017201620152014
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%
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%

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.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.40%
-11.69%
GPAIX
FTA

Volatility

GPAIX vs. FTA - Volatility Comparison

The current volatility for Grant Park Multi Alternative Strategies Fund (GPAIX) is 3.39%, while First Trust Large Cap Value AlphaDEX Fund (FTA) has a volatility of 12.33%. 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.


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