LALT vs. MORT ETF Comparison
Comparison of First Trust Multi-Strategy Alternative ETF (LALT) to Market Vectors Mortgage REIT Income ETF (MORT)
LALT
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
$21.13
Average Daily Volume
2,615
8
MORT
Market Vectors Mortgage REIT Income ETF
MORT Description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors® Global Mortgage REITs Index (the "Mortgage REITs Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The Mortgage REITs Index is comprised of stocks of publicly traded U.S. mortgage REITs that derive at least 50% of their revenues (or, where applicable, have at least 50% of their assets) from mortgage-related activity. The fund is non-diversified.Grade (RS Rating)
Last Trade
$11.21
Average Daily Volume
305,685
16
Performance
| Period | LALT | MORT |
|---|---|---|
| 30 Days | -0.14% | -2.62% |
| 60 Days | 0.73% | -5.94% |
| 90 Days | 1.05% | -0.88% |
| 12 Months | 6.78% | 6.35% |
0 Overlapping Holdings
| Symbol | Grade | Weight in LALT | Weight in MORT | Overlap |
|---|
LALT: Top Represented Industries & Keywords
MORT: Top Represented Industries & Keywords
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