LALT vs. FOVL ETF Comparison
Comparison of First Trust Exchange-Traded Fund VIII First Trust Multi-Strategy Alternative ETF (LALT) to iShares Focused Value Factor ETF (FOVL)
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
$20.51
Average Daily Volume
4,586
8
FOVL
iShares Focused Value Factor ETF
FOVL Description
The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.Grade (RS Rating)
Last Trade
$61.50
Average Daily Volume
14,213
40
Performance
| Period | LALT | FOVL |
|---|---|---|
| 30 Days | -1.52% | -0.72% |
| 60 Days | -0.07% | 1.84% |
| 90 Days | 1.04% | 6.58% |
| 12 Months | 5.16% | 27.83% |
0 Overlapping Holdings
| Symbol | Grade | Weight in LALT | Weight in FOVL | Overlap |
|---|
LALT Underweight 40 Positions Relative to FOVL
| Symbol | Grade | Weight | |
|---|---|---|---|
| TOL | B | -3.51% | |
| PNFP | C | -3.25% | |
| IBKR | B | -3.24% | |
| BLDR | D | -3.23% | |
| FYBR | B | -3.09% | |
| SF | A | -3.07% | |
| JPM | B | -2.94% | |
| WTM | A | -2.92% | |
| COF | B | -2.92% | |
| WLK | B | -2.86% | |
| SNV | C | -2.82% | |
| AXS | A | -2.74% | |
| ORI | A | -2.73% | |
| FHB | B | -2.71% | |
| FNB | A | -2.7% | |
| JHG | A | -2.68% | |
| WBS | D | -2.67% | |
| CNA | B | -2.58% | |
| LYB | C | -2.42% | |
| KMI | A | -2.42% | |
| AMG | D | -2.4% | |
| DFS | C | -2.4% | |
| PFG | C | -2.4% | |
| NUE | F | -2.38% | |
| UNM | B | -2.38% | |
| T | B | -2.37% | |
| CLF | F | -2.35% | |
| CUZ | B | -2.3% | |
| STT | C | -2.29% | |
| HPE | D | -2.25% | |
| AN | B | -2.25% | |
| LPX | A | -2.22% | |
| AGR | B | -2.18% | |
| THO | D | -2.17% | |
| PNW | B | -2.08% | |
| Z | F | -1.81% | |
| ALK | C | -1.8% | |
| LSXMK | D | -1.72% | |
| SNDR | D | -1.72% | |
| LLYVK | D | -0.67% |
LALT: Top Represented Industries & Keywords
FOVL: Top Represented Industries & Keywords
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