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.
Performance
GPAIX vs. FTA - Performance Comparison
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GPAIX vs. FTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GPAIX Grant Park Multi Alternative Strategies Fund | 1.93% | 12.24% | 1.33% | 4.02% | -1.88% | 5.70% | 9.09% | 14.33% | -5.96% | 12.36% |
FTA First Trust Large Cap Value AlphaDEX Fund | 7.62% | 14.94% | 10.13% | 10.08% | -3.73% | 29.32% | -0.38% | 24.73% | -13.63% | 18.47% |
Returns By Period
In the year-to-date period, GPAIX achieves a 1.93% return, which is significantly lower than FTA's 7.62% return. Over the past 10 years, GPAIX has underperformed FTA with an annualized return of 4.56%, while FTA has yielded a comparatively higher 10.76% annualized return.
GPAIX
- 1D
- 0.09%
- 1M
- -5.61%
- YTD
- 1.93%
- 6M
- 4.19%
- 1Y
- 13.01%
- 3Y*
- 6.78%
- 5Y*
- 4.17%
- 10Y*
- 4.56%
FTA
- 1D
- 1.02%
- 1M
- -2.30%
- YTD
- 7.62%
- 6M
- 11.94%
- 1Y
- 22.65%
- 3Y*
- 13.95%
- 5Y*
- 9.83%
- 10Y*
- 10.76%
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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.
Return for Risk
GPAIX vs. FTA — Risk / Return Rank
GPAIX
FTA
GPAIX vs. FTA - Risk-Adjusted Trends 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.
| GPAIX | FTA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 1.33 | +0.18 |
Sortino ratioReturn per unit of downside risk | 2.06 | 1.94 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.84 | +0.32 |
Martin ratioReturn relative to average drawdown | 7.36 | 8.63 | -1.27 |
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
| GPAIX | FTA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.33 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.61 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.54 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.38 | +0.31 |
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.
Dividends
GPAIX vs. FTA - Dividend Comparison
GPAIX's dividend yield for the trailing twelve months is around 3.38%, more than FTA's 1.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPAIX Grant Park Multi Alternative Strategies Fund | 3.38% | 3.44% | 2.01% | 1.98% | 2.71% | 10.90% | 1.78% | 13.29% | 1.51% | 1.68% | 1.92% | 1.49% |
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% |
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.
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Drawdown Indicators
| GPAIX | FTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.16% | -62.45% | +45.29% |
Max Drawdown (1Y)Largest decline over 1 year | -6.01% | -12.94% | +6.93% |
Max Drawdown (5Y)Largest decline over 5 years | -9.13% | -19.80% | +10.67% |
Max Drawdown (10Y)Largest decline over 10 years | -17.16% | -44.97% | +27.81% |
Current DrawdownCurrent decline from peak | -5.61% | -2.49% | -3.12% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -9.11% | +4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.76% | -0.99% |
Volatility
GPAIX vs. FTA - Volatility Comparison
The current volatility for Grant Park Multi Alternative Strategies Fund (GPAIX) is 2.62%, while First Trust Large Cap Value AlphaDEX Fund (FTA) has a volatility of 3.26%. 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.
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Volatility by Period
| GPAIX | FTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.26% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 8.36% | -1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.57% | 17.10% | -8.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 16.31% | -9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.21% | 20.01% | -12.80% |