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LALT vs GAL

First Trust Multi-Strategy Alternative ETF vs State Street Global Allocation ETF

LALT

First Trust Multi-Strategy Alternative ETF

Annual cost

1.18%

Fund size

$65M

GAL

State Street Global Allocation ETF

Annual cost

0.35%

Fund size

$306M

Key differences

LALT is an alternative ETF, while GAL is a mixed asset ETF. LALT charges 1.18% a year and GAL 0.35%.

  • LALT is an alternative fund, while GAL is a mixed asset fund. They carry different risk/return profiles.
  • LALT follows a multi strategy strategy; GAL uses tactical allocation.
  • GAL costs 0.83% less per year.
  • GAL is much larger than LALT. Larger funds are usually more liquid and less likely to close.
  • Over the last three years, GAL has delivered higher annualized returns.
  • GAL has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

LALTGAL
Annual cost (TER)1.18%0.35%
Fund size (AUM)$65M$306M
Since20232012
Dividend yield3.68%3.11%
Asset classalternativemixed asset
Regionglobal
Strategymulti strategytactical allocation
CAGR 1Y+19.2%+18.1%
CAGR 3Y+10.1%+13.8%
CAGR 5YN/A+6.8%
Sharpe 3Y1.041.02
Volatility 1Y7.01%9.16%
Max drawdown-6.96%-28.31%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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