LALT vs. QAI ETF Comparison
Comparison of First Trust Multi-Strategy Alternative ETF (LALT) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)
LALT
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
$20.95
Average Daily Volume
2,895
8
QAI
IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF
QAI Description
The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Hedge Multi-Strategy Index. The fund invests normally at least 80% of its net assets (excluding collateral held from securities lending), plus the amount of any borrowings for investment purposes, in the investments included in its underlying index, which includes underlying funds. The underlying index consists of a number of components ("underlying index Components") selected in accordance with IndexIQ's rules-based methodology of such underlying index.Grade (RS Rating)
Last Trade
$32.08
Average Daily Volume
157,425
35
Performance
| Period | LALT | QAI |
|---|---|---|
| 30 Days | 1.16% | 2.49% |
| 60 Days | 1.87% | 5.18% |
| 90 Days | 0.47% | 2.75% |
| 12 Months | 8.33% | 11.80% |
0 Overlapping Holdings
| Symbol | Grade | Weight in LALT | Weight in QAI | Overlap |
|---|
LALT Underweight 35 Positions Relative to QAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| FLOT | A | -15.56% | |
| MUB | B | -3.01% | |
| PIN | D | -0.0% | |
| JEPQ | A | --0.01% | |
| KMLM | F | --0.02% | |
| SPHQ | B | --0.02% | |
| CTA | B | --0.02% | |
| COMT | B | --0.03% | |
| FLJP | B | --0.04% | |
| PFFD | B | --0.04% | |
| GLDM | B | --0.04% | |
| DBMF | D | --0.09% | |
| ARB | A | --0.1% | |
| JEPI | A | --0.14% | |
| PDBC | B | --0.16% | |
| STIP | B | --0.17% | |
| SRLN | A | --0.19% | |
| VTEB | B | --0.24% | |
| DBA | C | --0.24% | |
| BBJP | B | --0.25% | |
| BKLN | A | --0.25% | |
| MTUM | A | --0.25% | |
| PFF | B | --0.27% | |
| ICVT | A | --0.34% | |
| SCHR | C | --0.37% | |
| MNA | A | --0.39% | |
| FLRN | A | --0.48% | |
| CWB | A | --0.6% | |
| IGOV | D | --0.61% | |
| SGOV | B | --0.66% | |
| UUP | B | --0.66% | |
| BIL | B | --0.95% | |
| BWX | D | --1.16% | |
| VGIT | C | --1.31% | |
| BTAL | D | --2.8% |
LALT: Top Represented Industries & Keywords
QAI: Top Represented Industries & Keywords
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