LALT vs. RAAX ETF Comparison
Comparison of First Trust Multi-Strategy Alternative ETF (LALT) to VanEck Vectors Real Asset Allocation ETF (RAAX)
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
$20.95
Average Daily Volume
2,895
8
RAAX
VanEck Vectors Real Asset Allocation ETF
RAAX Description
The investment seeks long-term total return. The fund invests, under normal circumstances, primarily in (i) exchange traded products that provide exposure to real assets through investment in domestic and foreign equity and debt securities, master limited partnerships ("MLPs"), and physical commodities, including ETFs and non-1940 Act (defined herein) commodity pools or commodity trusts and exchange traded notes ("ETNs") (collectively, "ETPs"); and (ii) cash or cash equivalents. It is non-diversified.Grade (RS Rating)
Last Trade
$29.33
Average Daily Volume
12,604
9
Performance
Period | LALT | RAAX |
---|---|---|
30 Days | 1.16% | 6.03% |
60 Days | 1.87% | 9.05% |
90 Days | 0.47% | 6.35% |
12 Months | 8.33% | 20.01% |
0 Overlapping Holdings
Symbol | Grade | Weight in LALT | Weight in RAAX | Overlap |
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LALT: Top Represented Industries & Keywords
RAAX: Top Represented Industries & Keywords