LALT vs. NMBL
LALT (First Trust Multi-Strategy Alternative ETF) and NMBL (NovaTide Flexible Allocation ETF) are both Global Allocation funds. Both are actively managed. Their 0.39 correlation means their historical movements had little consistent relationship. LALT charges 1.94%/yr vs 1.99%/yr for NMBL.
Performance
LALT vs. NMBL - Performance Comparison
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Returns By Period
In the year-to-date period, LALT achieves a 8.61% return, which is significantly higher than NMBL's 2.78% return.
LALT
- 1D
- 0.12%
- 1M
- 1.00%
- 6M
- 4.22%
- YTD
- 8.61%
- 1Y
- 16.94%
- 3Y*
- 9.26%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.28%
NMBL
- 1D
- 0.03%
- 1M
- -1.05%
- 6M
- 0.54%
- YTD
- 2.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.87M | $2.25M | $4.61M | |
| $29.75K | $28.39K | $73.37K |
LALT vs. NMBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LALT First Trust Multi-Strategy Alternative ETF | 8.61% | 0.73% |
NMBL NovaTide Flexible Allocation ETF | 2.78% | -0.27% |
Correlation
The correlation between LALT and NMBL is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025 | 0.39 |
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Return for Risk
LALT vs. NMBL — Risk / Return Rank
LALT
NMBL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LALT vs. NMBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Multi-Strategy Alternative ETF (LALT) and NovaTide Flexible Allocation ETF (NMBL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LALT | NMBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.46 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | — | — |
| Martin ratioReturn relative to average drawdown | 12.50 | — | — |
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Drawdowns
LALT vs. NMBL - Drawdown Comparison
The maximum LALT drawdown since its inception was -6.97%, smaller than the maximum NMBL drawdown of -8.05%. Use the drawdown chart below to compare losses from any high point for LALT and NMBL.
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Drawdown Indicators
| LALT | NMBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.97% | -8.05% | +1.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.72% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.97% | — | — |
Current DrawdownCurrent decline from peak | -2.67% | -4.49% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -1.06% | -2.33% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | — | — |
Volatility
LALT vs. NMBL - Volatility Comparison
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Volatility by Period
| LALT | NMBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.42% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.95% | 13.10% | -6.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.77% | 13.10% | -7.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.77% | 13.10% | -7.33% |
LALT vs. NMBL - Expense Ratio Comparison
LALT has a 1.94% expense ratio, which is lower than NMBL's 1.99% expense ratio.
Dividends
LALT vs. NMBL - Dividend Comparison
LALT's dividend yield for the trailing twelve months is around 3.73%, more than NMBL's 0.90% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
LALT First Trust Multi-Strategy Alternative ETF | 3.73% | 2.03% | 2.06% | 2.44% |
NMBL NovaTide Flexible Allocation ETF | 0.90% | 0.93% | 0.00% | 0.00% |
Frequently Asked Questions
LALT and NMBL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LALT is cheaper at 1.94% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LALT is cheaper with a 1.94% expense ratio, compared with 1.99% for NMBL.
LALT has the higher dividend yield at 3.73%, compared with 0.90% for NMBL.
They also come from different issuers: First Trust and Tidal. Their fees differ too: 1.94% for LALT and 1.99% for NMBL.
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