LALT vs. KONG ETF Comparison
Comparison of First Trust Exchange-Traded Fund VIII First Trust Multi-Strategy Alternative ETF (LALT) to Formidable Fortress ETF (KONG)
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
$20.89
Average Daily Volume
2,932
8
KONG
Formidable Fortress ETF
KONG Description
The investment seeks long-term capital appreciation. Under normal market conditions, the fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks, related depository receipts, real estate investment trusts (REITs), and other equity investments or ownership interests in business enterprises. It invests predominantly in common stocks of large- and mid-cap companies (the "Investable Universe"). The fund's derivative investments may include, among other instruments: (i) options; (ii) volatility-linked ETFs; and (iii) volatility-linked exchange-traded notes (ETNs). It is non-diversified.Grade (RS Rating)
Last Trade
$29.03
Average Daily Volume
1,749
32
Performance
| Period | LALT | KONG |
|---|---|---|
| 30 Days | 0.38% | 1.34% |
| 60 Days | 1.04% | 5.24% |
| 90 Days | 0.41% | 7.87% |
| 12 Months | 6.47% | 17.03% |
0 Overlapping Holdings
| Symbol | Grade | Weight in LALT | Weight in KONG | Overlap |
|---|
LALT Underweight 32 Positions Relative to KONG
| Symbol | Grade | Weight | |
|---|---|---|---|
| TPL | B | -5.55% | |
| MKTX | C | -3.77% | |
| ADM | D | -3.61% | |
| FFIV | B | -3.5% | |
| SPGI | C | -3.47% | |
| GLPI | A | -3.4% | |
| DOX | B | -3.31% | |
| FAST | B | -3.29% | |
| META | A | -3.25% | |
| NVDA | C | -3.24% | |
| CHE | C | -3.23% | |
| IBKR | A | -3.22% | |
| GOOG | B | -3.22% | |
| JNJ | D | -3.19% | |
| GGG | B | -3.17% | |
| SNA | A | -3.16% | |
| JKHY | A | -3.13% | |
| ERIE | A | -3.03% | |
| EME | C | -3.02% | |
| RS | D | -3.0% | |
| REGN | D | -3.0% | |
| ADBE | F | -2.98% | |
| MNST | D | -2.95% | |
| MSFT | D | -2.89% | |
| VRTX | D | -2.79% | |
| WST | D | -2.72% | |
| GNTX | D | -2.66% | |
| PSA | C | -2.59% | |
| CTRA | D | -2.36% | |
| CTSH | B | -2.35% | |
| ADP | A | -2.29% | |
| UTHR | C | -2.28% |
LALT: Top Represented Industries & Keywords
KONG: Top Represented Industries & Keywords
Compare ETFs
