NMBL vs. LALT
NMBL (NovaTide Flexible Allocation ETF) and LALT (First Trust Multi-Strategy Alternative ETF) are both Global Allocation funds. Both are actively managed. Their 0.39 correlation means their historical movements had little consistent relationship. NMBL charges 1.99%/yr vs 1.94%/yr for LALT.
Performance
NMBL vs. LALT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NMBL achieves a 2.78% return, which is significantly lower than LALT's 8.61% return.
NMBL
- 1D
- 0.03%
- 1M
- -1.05%
- 6M
- 0.54%
- YTD
- 2.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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%
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 |
NMBL vs. LALT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NMBL NovaTide Flexible Allocation ETF | 2.78% | -0.27% |
LALT First Trust Multi-Strategy Alternative ETF | 8.61% | 0.73% |
Correlation
The correlation between NMBL and LALT 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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NMBL vs. LALT — Risk / Return Rank
NMBL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LALT
NMBL vs. LALT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NovaTide Flexible Allocation ETF (NMBL) and First Trust Multi-Strategy Alternative ETF (LALT). 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.
| NMBL | LALT | 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 | — |
Loading charts...
Drawdowns
NMBL vs. LALT - Drawdown Comparison
The maximum NMBL drawdown since its inception was -8.05%, which is greater than LALT's maximum drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for NMBL and LALT.
Loading charts...
Drawdown Indicators
| NMBL | LALT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.05% | -6.97% | -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 | -4.49% | -2.67% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -1.06% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.32% | — |
Volatility
NMBL vs. LALT - Volatility Comparison
Loading charts...
Volatility by Period
| NMBL | LALT | 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 | 13.10% | 6.95% | +6.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.10% | 5.77% | +7.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.10% | 5.77% | +7.33% |
NMBL vs. LALT - Expense Ratio Comparison
NMBL has a 1.99% expense ratio, which is higher than LALT's 1.94% expense ratio.
Dividends
NMBL vs. LALT - Dividend Comparison
NMBL's dividend yield for the trailing twelve months is around 0.90%, less than LALT's 3.73% 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
NMBL and LALT 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: Tidal and First Trust. Their fees differ too: 1.99% for NMBL and 1.94% for LALT.
Find the right allocation for NMBL and LALT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer