LALT vs. LBAY ETF Comparison
Comparison of First Trust Exchange-Traded Fund VIII First Trust Multi-Strategy Alternative ETF (LALT) to Leatherback Long/Short Alternative Yield ETF (LBAY)
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
$20.46
Average Daily Volume
5,825
8
LBAY
Leatherback Long/Short Alternative Yield ETF
LBAY Description
The investment seeks capital appreciation and income. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing long positions in securities believed to provide sustainable shareholder yield (defined as dividends plus buybacks plus debt paydowns) and taking short positions in securities expected to decline in price. It will generally have net exposure of 75% - 110% long. The fund's long positions are generally expected to be comprised of equity securities or depositary receipts, although long positions may also include investment-grade corporate bonds and convertible bonds. It is non-diversified.Grade (RS Rating)
Last Trade
$26.77
Average Daily Volume
4,485
52
Performance
| Period | LALT | LBAY |
|---|---|---|
| 30 Days | -1.78% | -0.76% |
| 60 Days | -0.15% | 2.10% |
| 90 Days | 1.64% | 5.45% |
| 12 Months | 5.08% | 1.49% |
0 Overlapping Holdings
| Symbol | Grade | Weight in LALT | Weight in LBAY | Overlap |
|---|
LALT Underweight 52 Positions Relative to LBAY
| Symbol | Grade | Weight | |
|---|---|---|---|
| FIS | B | -5.58% | |
| XOM | B | -5.54% | |
| BG | B | -5.18% | |
| V | D | -4.98% | |
| ZBH | D | -4.71% | |
| ORI | A | -4.63% | |
| ABBV | D | -4.51% | |
| ICE | D | -4.19% | |
| AGNC | C | -4.09% | |
| NEM | B | -4.06% | |
| PKG | D | -4.04% | |
| WM | A | -3.88% | |
| AWK | B | -3.87% | |
| GEHC | D | -3.81% | |
| CMCSA | F | -3.7% | |
| MDT | D | -3.69% | |
| LHX | A | -3.68% | |
| APD | C | -3.64% | |
| DIS | D | -3.53% | |
| UNP | D | -3.52% | |
| DPZ | B | -3.06% | |
| LW | F | -3.04% | |
| JNJ | F | -2.96% | |
| KDP | A | -2.77% | |
| CARR | A | -2.77% | |
| MMM | B | -2.74% | |
| PCH | D | -2.74% | |
| KO | A | -2.7% | |
| MTN | F | -2.61% | |
| RIO | B | -2.56% | |
| SPGI | C | -2.36% | |
| SOLV | C | -1.93% | |
| BURL | D | --0.83% | |
| DKS | B | --1.02% | |
| FIX | A | --1.05% | |
| FIVE | F | --1.14% | |
| PLD | D | --1.17% | |
| VRT | B | --1.35% | |
| PLNT | D | --1.43% | |
| SITE | F | --1.43% | |
| AAPL | B | --1.43% | |
| EQIX | F | --1.52% | |
| OLLI | B | --1.54% | |
| SQ | D | --1.56% | |
| RCL | A | --1.6% | |
| BLK | D | --1.63% | |
| DLR | C | --1.63% | |
| TSLA | D | --1.83% | |
| CMG | A | --1.89% | |
| DASH | D | --1.96% | |
| SF | A | --1.97% | |
| AVGO | D | --1.99% |
LALT: Top Represented Industries & Keywords
LBAY: Top Represented Industries & Keywords
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