Data as of Nov 4, 2026.

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LALT vs VOO: Differences, Returns & Fees

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Over the year to Nov 4, 2026, LALT returned +12.0% to VOO's +14.8%, and VOO charges 0.03% to LALT's 1.18%.

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Net assets: $442m on Nov 3, 2026 for First Trust Multi-Strategy Alternative ETF, and $1.0tn on Oct 31, 2026 for Vanguard S&P 500 ETF.

At a glance
+12.0%
LALT total return, 1 year
+14.8%
VOO total return, 1 year
1.18%
LALT expense ratio
0.03%
VOO expense ratio

Pair scorecard

VOO costs 1.15 points a year less; their one-year returns differ by 2.8 points.

LALT vs VOO: Differences, Returns & Fees
MeasureLALTVOO
Return
Total return, 1 year+12.0%+14.8%
Total return, 52 weeks+11.6%
Against its benchmark
What it tracksnot publishedS&P 500 Index
Treasury bills, 52 weeks+3.7%
Against cash8.0 points ahead
Cost and size
Expense ratio1.18%0.03%
Net assets, LALT as of Nov 3, 2026 and VOO as of Oct 31, 2026$442m$1.0tn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Holdings datedSep 30, 2026
Top ten holdings, share of the fund39.1%
Risk
Correlation with the S&P 500’s weekly returns+0.34
Beta to the S&P 500+0.17: about 0.17% for each 1%
Its average week when the S&P 500 fellfell 0.10%
Down-week capture8.9%
Weeks the S&P 500 fell26 of 52, by 1.07% on average

Method

Side by side

LALT First Trust Multi-Strategy Alternative ETF VOO Vanguard S&P 500 ETF
Where it sits Alternatives ETF Stock ETF
What it is Multi-strategy Tracks the S&P 500
Total return, 1 year +12.0% +14.8%
Its benchmark over the same days not measured +14.8% (IVV)
Gap to its benchmark not measured 0.0 pts vs IVV
Expense ratio 1.18% 0.03%
Holdings not read by ETFIQ 505
Net assets, LALT as of Nov 3, 2026 and VOO as of Oct 31, 2026 $442m $1.0tn

LALT and VOO on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

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About each fund
LALT

LALT is a multi-strategy fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.34 with the S&P 500’s and a beta of +0.17, so for each 1% the index moved it moved about 0.17% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks LALT fell 0.10% on average, a down-week capture of 8.9%. Over the same 52 weeks LALT returned +11.6% and a Treasury bill fund +3.7%, so it finished 8.0 percentage points ahead of cash.

VOO

VOO tracks the S&P 500. Over the year to Nov 4, 2026 it returned +14.8% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 39.1%.

Questions people ask

Are LALT and VOO in the same category?
LALT is an alternatives ETF and VOO is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, LALT or VOO?
In the year to Nov 4, 2026, with distributions reinvested, LALT returned +12.0% and VOO +14.8%.
Which is cheaper, LALT or VOO?
VOO is cheaper, by 1.15 percentage points a year. That is about $115 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, LALT against VOO, data as of Nov 4, 2026. https://etfiq.com/compare/any/lalt-vs-voo

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