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LALT vs IALT

First Trust Multi-Strategy Alternative ETF vs iShares Systematic Alternatives Active ETF

LALT

First Trust Multi-Strategy Alternative ETF

First Trust

Annual cost

1.18%

Fund size

$61M

IALT

iShares Systematic Alternatives Active ETF

iShares

Annual cost

0.99%

Fund size

$210M

Key differences

  • IALT costs 0.19% less per year.
  • IALT is significantly larger than LALT — larger funds tend to be more liquid and less likely to close.
  • LALT follows a multi strategy strategy; IALT uses systematic alpha.

Side-by-side comparison

LALTIALT
Annual cost (TER)1.18%0.99%
Fund size (AUM)$61M$210M
Since20232025
Dividend yield3.67%
Asset classalternativealternative
Regionglobal
Strategymulti strategysystematic alpha
CAGR 1Y+23.1%N/A
CAGR 3Y+10.8%N/A
CAGR 5YN/AN/A
Sharpe 3Y1.16N/A
Volatility 1Y6.79%
Max drawdown-6.96%-1.47%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to LALT and IALT