LALT vs. MVRL ETF Comparison
Comparison of First Trust Multi-Strategy Alternative ETF (LALT) to ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL)
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
$21.19
Average Daily Volume
2,638
8
MVRL
ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN
MVRL Description
The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index, reduced by the Accrued Fees. The index is designed to track the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% of their revenues from mortgage-related activity.Grade (RS Rating)
Last Trade
$16.62
Average Daily Volume
10,480
23
Performance
| Period | LALT | MVRL |
|---|---|---|
| 30 Days | 0.36% | -1.98% |
| 60 Days | 1.24% | -8.49% |
| 90 Days | 1.30% | -3.72% |
| 12 Months | 7.46% | 14.12% |
0 Overlapping Holdings
| Symbol | Grade | Weight in LALT | Weight in MVRL | Overlap |
|---|
LALT Underweight 23 Positions Relative to MVRL
| Symbol | Grade | Weight | |
|---|---|---|---|
| NLY | C | -13.03% | |
| AGNC | C | -8.86% | |
| STWD | C | -8.19% | |
| CIM | D | -5.48% | |
| HASI | D | -5.04% | |
| BXMT | C | -4.84% | |
| ABR | C | -4.54% | |
| TWO | F | -4.01% | |
| MFA | D | -3.81% | |
| PMT | C | -3.79% | |
| ARI | C | -3.76% | |
| LADR | B | -3.51% | |
| NYMT | C | -3.26% | |
| RWT | D | -2.77% | |
| EFC | C | -2.49% | |
| RC | D | -2.05% | |
| ORC | B | -2.0% | |
| ACRE | B | -1.95% | |
| BRSP | C | -1.92% | |
| KREF | C | -1.86% | |
| IVR | F | -1.84% | |
| ARR | D | -1.83% | |
| DX | B | -1.48% |
LALT: Top Represented Industries & Keywords
MVRL: Top Represented Industries & Keywords
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