LALT vs. GDMA ETF Comparison
Comparison of First Trust Exchange-Traded Fund VIII First Trust Multi-Strategy Alternative ETF (LALT) to Gadsden Dynamic Multi-Asset ETF (GDMA)
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
$20.34
Average Daily Volume
5,905
8
GDMA
Gadsden Dynamic Multi-Asset ETF
GDMA Description
The investment seeks total return. The fund seeks to achieve its investment objective by investing (i) approximately 80% of its total assets with exposure to a variety of asset classes, geographies, and market capitalizations generally based on a long-term view of macroeconomic factors and (ii) approximately 20% of its total assets to add or reduce exposure to one or more asset classes generally based on a short-term view of the market. It may invest in futures contracts to gain long or short exposure to one or more asset classes.Grade (RS Rating)
Last Trade
$30.44
Average Daily Volume
9,728
18
Performance
| Period | LALT | GDMA |
|---|---|---|
| 30 Days | -2.42% | -1.75% |
| 60 Days | -0.36% | -0.75% |
| 90 Days | 1.43% | 0.99% |
| 12 Months | 4.79% | 6.77% |
0 Overlapping Holdings
| Symbol | Grade | Weight in LALT | Weight in GDMA | Overlap |
|---|
LALT Underweight 18 Positions Relative to GDMA
LALT: Top Represented Industries & Keywords
GDMA: Top Represented Industries & Keywords
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