MVRL vs. LALT ETF Comparison
Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to First Trust Multi-Strategy Alternative ETF (LALT)
MVRL
ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN
MVRL Description
The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index, reduced by the Accrued Fees. The index is designed to track the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% of their revenues from mortgage-related activity.
Grade (RS Rating)
Last Trade
$16.76
Average Daily Volume
10,738
Number of Holdings
*
23
* may have additional holdings in another (foreign) market
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
$21.25
Average Daily Volume
3,958
Number of Holdings
*
8
* may have additional holdings in another (foreign) market
Performance
Period | MVRL | LALT |
---|---|---|
30 Days | -1.10% | 1.29% |
60 Days | -5.98% | 1.65% |
90 Days | -2.91% | 1.60% |
12 Months | 15.09% | 7.78% |
0 Overlapping Holdings
Symbol | Grade | Weight in MVRL | Weight in LALT | Overlap |
---|
MVRL Overweight 23 Positions Relative to LALT
Symbol | Grade | Weight | |
---|---|---|---|
NLY | C | 13.03% | |
AGNC | D | 8.86% | |
STWD | C | 8.19% | |
CIM | D | 5.48% | |
HASI | D | 5.04% | |
BXMT | C | 4.84% | |
ABR | C | 4.54% | |
TWO | D | 4.01% | |
MFA | D | 3.81% | |
PMT | D | 3.79% | |
ARI | C | 3.76% | |
LADR | B | 3.51% | |
NYMT | C | 3.26% | |
RWT | D | 2.77% | |
EFC | C | 2.49% | |
RC | D | 2.05% | |
ORC | B | 2.0% | |
ACRE | C | 1.95% | |
BRSP | B | 1.92% | |
KREF | D | 1.86% | |
IVR | F | 1.84% | |
ARR | D | 1.83% | |
DX | B | 1.48% |
MVRL: Top Represented Industries & Keywords
Industries:
REIT - Diversified
REIT - Residential
REIT - Office
REIT - Retail
Specialty Finance
Keywords:
Mortgage Backed Security
Mortgage Loan
Real Estate Investment Trust
Structured Finance
Real Estate Mortgage Investment Conduit
Residential Mortgage Backed Security
Commercial Mortgage Backed Security
Private Equity
Real Estate Finance
Loan
Commercial Mortgage
Fannie Mae
Mezzanine Capital
Real Estate Investing
Rmbs
U.S. Government
Adjustable Rate Mortgage
Asset Backed Security
Collateralized Debt Obligation
Freddie Mac
LALT: Top Represented Industries & Keywords
Industries:
Keywords:
Exchange Traded Fund
ETF
Exchange Traded Funds
Absolute Return
American Depositary Receipt
Bear Market ETF
Bloomberg Barclays Us Aggregate Bond Index
Bond
Bond Market
Bullion
Commercial Mortgage Backed Security
Commodity Markets
Commodity Pool
Covered Call
Depositary Receipt
Exchange
Government Bonds
Index Fund
Inverse ETF
Investment Company Act