LALT vs. IAI ETF Comparison
Comparison of First Trust Exchange-Traded Fund VIII First Trust Multi-Strategy Alternative ETF (LALT) to iShares U.S. Broker-Dealers ETF (IAI)
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
$20.44
Average Daily Volume
5,820
8
IAI
iShares U.S. Broker-Dealers ETF
IAI Description
The investment seeks to track the investment results of an index composed of U.S. equities in the investment services sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the index. It seeks to track the investment results of the Dow Jones U.S. Select Investment Services Index (the "underlying index"), which measures the performance of the investment services sector of the U.S. equity market. The fund is non-diversified.Grade (RS Rating)
Last Trade
$115.69
Average Daily Volume
166,127
32
Performance
| Period | LALT | IAI |
|---|---|---|
| 30 Days | -1.83% | 0.40% |
| 60 Days | -0.24% | 3.23% |
| 90 Days | 1.04% | 9.70% |
| 12 Months | 4.98% | 34.71% |
0 Overlapping Holdings
| Symbol | Grade | Weight in LALT | Weight in IAI | Overlap |
|---|
LALT Underweight 32 Positions Relative to IAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| GS | A | -14.23% | |
| SPGI | C | -13.66% | |
| MS | A | -11.64% | |
| SCHW | A | -7.54% | |
| CME | C | -4.3% | |
| MCO | C | -4.29% | |
| ICE | C | -4.16% | |
| COIN | D | -3.85% | |
| MSCI | D | -3.82% | |
| RJF | C | -3.76% | |
| NDAQ | D | -3.73% | |
| LPLA | B | -3.3% | |
| FDS | D | -2.61% | |
| IBKR | B | -2.03% | |
| TW | A | -1.94% | |
| HOOD | C | -1.41% | |
| SF | A | -1.35% | |
| MKTX | F | -1.26% | |
| MORN | D | -1.22% | |
| JEF | B | -1.21% | |
| HLI | A | -1.1% | |
| EVR | C | -1.04% | |
| LAZ | C | -0.73% | |
| PIPR | A | -0.51% | |
| VIRT | B | -0.34% | |
| SNEX | A | -0.34% | |
| PJT | B | -0.34% | |
| DFIN | B | -0.27% | |
| MC | C | -0.23% | |
| BGC | A | -0.21% | |
| RILY | C | -0.11% | |
| LPRO | F | -0.1% |
LALT: Top Represented Industries & Keywords
IAI: Top Represented Industries & Keywords
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