LALT vs. YYY ETF Comparison
Comparison of First Trust Multi-Strategy Alternative ETF (LALT) to YieldShares High Income ETF (YYY)
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
$21.05
Average Daily Volume
2,595
8
YYY
YieldShares High Income ETF
YYY Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ISE High IncomeTM Index (the "index"). The fund will normally invest at least 80% of its total assets in securities of the index. Because the index is comprised of securities issued by other investment companies, the fund operates in a manner that is commonly referred to as a "fund of funds," meaning that it invests its assets in shares of funds included in the index. The index seeks to measure the performance of the top 30 U.S. exchange-listed closed-end funds.Grade (RS Rating)
Last Trade
$11.93
Average Daily Volume
237,063
48
Performance
| Period | LALT | YYY |
|---|---|---|
| 30 Days | 0.14% | -2.03% |
| 60 Days | 0.77% | -0.99% |
| 90 Days | 0.88% | 2.24% |
| 12 Months | 7.76% | 18.19% |
0 Overlapping Holdings
| Symbol | Grade | Weight in LALT | Weight in YYY | Overlap |
|---|
LALT Underweight 48 Positions Relative to YYY
| Symbol | Grade | Weight | |
|---|---|---|---|
| IGR | D | -3.45% | |
| JQC | A | -3.2% | |
| JFR | A | -3.16% | |
| HQH | D | -3.07% | |
| BSTZ | B | -3.06% | |
| BCAT | A | -3.02% | |
| BMEZ | C | -2.98% | |
| BIGZ | B | -2.96% | |
| FRA | A | -2.71% | |
| ASGI | C | -2.64% | |
| HQL | D | -2.25% | |
| AVK | A | -2.21% | |
| HIX | C | -2.19% | |
| IGD | A | -2.12% | |
| AWP | D | -1.98% | |
| ZTR | C | -1.98% | |
| JRI | B | -1.95% | |
| NCV | C | -1.73% | |
| EDD | D | -1.69% | |
| BGT | A | -1.61% | |
| FCT | A | -1.47% | |
| RIV | C | -1.47% | |
| FTF | C | -1.45% | |
| KYN | A | -1.01% | |
| USA | B | -0.99% | |
| DSL | C | -0.98% | |
| ISD | C | -0.98% | |
| HYT | C | -0.98% | |
| DSU | A | -0.97% | |
| NML | A | -0.96% | |
| JPC | A | -0.96% | |
| KIO | D | -0.95% | |
| EVV | C | -0.94% | |
| ETV | A | -0.94% | |
| HIO | C | -0.93% | |
| BGB | A | -0.92% | |
| THQ | D | -0.92% | |
| EVT | A | -0.92% | |
| BTZ | C | -0.91% | |
| EMD | D | -0.9% | |
| NPFD | C | -0.9% | |
| ETW | B | -0.89% | |
| ASG | B | -0.89% | |
| EXG | C | -0.87% | |
| RA | C | -0.87% | |
| NFJ | B | -0.87% | |
| IFN | D | -0.87% | |
| CPZ | C | -0.79% |
LALT: Top Represented Industries & Keywords
YYY: Top Represented Industries & Keywords
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