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. At a 0.36 correlation, their price movements are largely independent. NMBL charges 1.99%/yr vs 1.94%/yr for LALT.
Performance
NMBL vs. LALT - Performance Comparison
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Returns By Period
In the year-to-date period, NMBL achieves a 5.30% return, which is significantly lower than LALT's 10.70% return.
NMBL
- 1D
- -1.07%
- 1M
- 0.88%
- YTD
- 5.30%
- 6M
- 5.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LALT
- 1D
- -0.44%
- 1M
- -0.12%
- YTD
- 10.70%
- 6M
- 10.50%
- 1Y
- 22.25%
- 3Y*
- 10.48%
- 5Y*
- —
- 10Y*
- —
NMBL vs. LALT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NMBL NovaTide Flexible Allocation ETF | 5.30% | -0.27% |
LALT First Trust Multi-Strategy Alternative ETF | 10.70% | 1.06% |
Correlation
The correlation between NMBL and LALT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 3, 2025 | 0.36 |
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Return for Risk
NMBL vs. LALT — Risk / Return Rank
NMBL
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| NMBL | LALT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.62 | -0.88 |
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.
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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 | — | -2.87% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.97% | — |
Current DrawdownCurrent decline from peak | -1.36% | -0.80% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -0.98% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.74% | — |
Volatility
NMBL vs. LALT - Volatility Comparison
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Volatility by Period
| NMBL | LALT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.40% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 6.81% | +5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.91% | 5.78% | +6.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.91% | 5.78% | +6.13% |
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 0.88%, less than LALT's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
LALT First Trust Multi-Strategy Alternative ETF | 3.68% | 2.03% | 2.06% | 2.44% |
NMBL NovaTide Flexible Allocation ETF | 0.88% | 0.93% | 0.00% | 0.00% |
Frequently Asked Questions
NMBL and LALT have a correlation of 0.36, 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 3.68%, compared with 0.88% for NMBL.
They also come from different issuers: NovaTide and First Trust. Their fees differ too: 1.99% for NMBL and 1.94% for LALT.
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