LALT vs. CEFD ETF Comparison
Comparison of First Trust Exchange-Traded Fund VIII First Trust Multi-Strategy Alternative ETF (LALT) to ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD)
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
$20.78
Average Daily Volume
1,925
8
CEFD
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN
CEFD Description
The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the S-Network Composite Closed-End Fund Index (the ?index?), reduced by the Accrued Fees. The index is a mutual fund index designed to serve as a benchmark for closed-end funds listed in the U.S. that are principally engaged in asset management processes designed to produce taxable annual yield.Grade (RS Rating)
Last Trade
$19.43
Average Daily Volume
1,882
100
Performance
Period | LALT | CEFD |
---|---|---|
30 Days | 1.41% | 1.27% |
60 Days | 0.78% | 8.00% |
90 Days | 0.34% | 2.06% |
12 Months | 6.66% | 16.40% |
0 Overlapping Holdings
Symbol | Grade | Weight in LALT | Weight in CEFD | Overlap |
---|
LALT Underweight 100 Positions Relative to CEFD
Symbol | Grade | Weight | |
---|---|---|---|
EVV | A | -2.63% | |
BDJ | A | -2.39% | |
HYT | B | -2.19% | |
BTZ | B | -2.16% | |
NXDT | F | -1.9% | |
AWF | A | -1.83% | |
DSL | A | -1.77% | |
JQC | A | -1.66% | |
BXMX | A | -1.65% | |
EMD | A | -1.5% | |
WIW | A | -1.37% | |
BHK | B | -1.3% | |
QQQX | B | -1.26% | |
BOE | A | -1.23% | |
BCX | C | -1.2% | |
HIO | B | -1.19% | |
JPC | A | -1.18% | |
RA | C | -1.17% | |
GHY | A | -1.16% | |
BGY | A | -1.09% | |
CII | A | -1.07% | |
HIX | B | -1.01% | |
BIT | C | -1.01% | |
EOS | B | -1.0% | |
IGD | A | -0.98% | |
EFT | A | -0.95% | |
FSD | A | -0.95% | |
HTD | B | -0.94% | |
BST | B | -0.92% | |
BLW | A | -0.92% | |
EAD | A | -0.9% | |
ISD | A | -0.88% | |
LDP | A | -0.84% | |
FFC | A | -0.83% | |
EFR | A | -0.82% | |
FRA | A | -0.82% | |
TEI | C | -0.75% | |
PHK | A | -0.75% | |
EOI | A | -0.73% | |
MIN | B | -0.71% | |
EHI | A | -0.71% | |
NBB | B | -0.71% | |
MCR | B | -0.7% | |
PDT | B | -0.69% | |
DIAX | B | -0.69% | |
PPT | A | -0.67% | |
WIA | A | -0.66% | |
MMT | A | -0.64% | |
GOF | A | -0.64% | |
JPI | A | -0.63% | |
BKT | A | -0.62% | |
PFN | C | -0.59% | |
JGH | A | -0.59% | |
FCT | D | -0.58% | |
ERC | B | -0.57% | |
HPS | A | -0.55% | |
HYI | B | -0.55% | |
DFP | A | -0.55% | |
BME | B | -0.54% | |
BGT | D | -0.49% | |
HPI | B | -0.47% | |
PHD | A | -0.44% | |
BGH | A | -0.44% | |
FTF | A | -0.43% | |
GBAB | B | -0.42% | |
HYB | A | -0.39% | |
EVG | B | -0.38% | |
IDE | B | -0.38% | |
DHF | A | -0.38% | |
PHT | A | -0.38% | |
TSI | A | -0.37% | |
ETB | A | -0.37% | |
FT | A | -0.37% | |
STK | B | -0.37% | |
DHY | A | -0.36% | |
HPF | B | -0.36% | |
MSD | A | -0.34% | |
INSI | B | -0.34% | |
FFA | A | -0.32% | |
DBL | A | -0.31% | |
GDO | A | -0.31% | |
PSF | A | -0.31% | |
VBF | A | -0.3% | |
BGR | C | -0.3% | |
PIM | A | -0.3% | |
PFL | C | -0.29% | |
IGA | A | -0.29% | |
OPP | A | -0.29% | |
SPXX | A | -0.27% | |
FLC | A | -0.24% | |
MCN | B | -0.24% | |
CIK | B | -0.24% | |
WEA | D | -0.22% | |
FAM | C | -0.21% | |
VLT | A | -0.19% | |
MGF | C | -0.19% | |
VGI | A | -0.18% | |
HEQ | A | -0.18% | |
GNT | A | -0.14% | |
JLS | A | -0.14% |
LALT: Top Represented Industries & Keywords
CEFD: Top Represented Industries & Keywords