LALT vs. FOVL ETF Comparison
Comparison of First Trust Exchange-Traded Fund VIII First Trust Multi-Strategy Alternative ETF (LALT) to iShares Focused Value Factor ETF (FOVL)
LALT
First Trust Exchange-Traded Fund VIII First Trust Multi-Strategy Alternative ETF
LALT Description
The investment seeks a positive total return that has a low correlation to the broader securities markets. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing in a combination of equity securities, financial futures contracts, forward currency contracts and other securities. The sub-adviser selects investments for inclusion in the fund's portfolio with reference to the components of the Morgan Stanley Multi-Strategy Alternative Index (the Benchmark) through a quantitative process that seeks to exceed the Benchmark's performance.
Grade (RS Rating)
Last Trade
$20.85
Average Daily Volume
1,855
8
FOVL
iShares Focused Value Factor ETF
FOVL Description
The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.Grade (RS Rating)
Last Trade
$59.36
Average Daily Volume
7,967
40
Performance
Period | LALT | FOVL |
---|---|---|
30 Days | 1.51% | -0.78% |
60 Days | 1.87% | -2.49% |
90 Days | 0.11% | -3.40% |
12 Months | 7.66% | 16.69% |
0 Overlapping Holdings
Symbol | Grade | Weight in LALT | Weight in FOVL | Overlap |
---|
LALT Underweight 40 Positions Relative to FOVL
Symbol | Grade | Weight | |
---|---|---|---|
IBKR | B | -3.32% | |
TOL | D | -3.27% | |
SF | B | -3.17% | |
PNFP | D | -3.17% | |
FYBR | B | -3.16% | |
JPM | B | -3.12% | |
SNV | B | -2.99% | |
WTM | D | -2.95% | |
AXS | C | -2.95% | |
COF | D | -2.84% | |
HPE | C | -2.83% | |
JHG | B | -2.78% | |
ORI | D | -2.76% | |
WLK | D | -2.72% | |
FNB | C | -2.69% | |
T | B | -2.69% | |
CNA | B | -2.68% | |
FHB | C | -2.59% | |
KMI | B | -2.59% | |
WBS | D | -2.59% | |
DFS | B | -2.52% | |
LPX | D | -2.47% | |
UNM | D | -2.37% | |
LYB | D | -2.35% | |
AMG | D | -2.34% | |
PFG | D | -2.32% | |
BLDR | F | -2.29% | |
CUZ | D | -2.28% | |
STT | C | -2.27% | |
AN | D | -2.18% | |
NUE | F | -2.17% | |
AGR | C | -2.12% | |
PNW | C | -2.11% | |
CLF | D | -2.07% | |
Z | C | -2.07% | |
THO | D | -2.03% | |
SNDR | B | -1.89% | |
ALK | F | -1.71% | |
LSXMK | C | -1.53% | |
LLYVK | C | -0.66% |
LALT: Top Represented Industries & Keywords
FOVL: Top Represented Industries & Keywords