LALT First Trust Multi-Strategy Alternative ETF
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Over the year to Nov 4, 2026, LALT returned 12.0%. When the S&P 500 fell, it fell 9% as much.
Promise check: Not measuredIts strategy, multistrategy, states no objective ETFIQ can measure.
LALT risk and return scorecard
vs VOO, its stated benchmark (secondary) · Feb 2023 to Oct 2026 · 194 weekly returns · dividend-adjusted
Secondary: VOO tracks the S&P 500 Index, named in its shareholder report. Its own benchmark is its holdings, which have no weekly prices.
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data
Money in and out
Net fund flows · Nov 3, 2026What you earned
How concentrated, and what does it cost?
More on LALT
Every number below is on this page. Open what you need.Price and total return, 1 year
$24.49−0.4%1 day, priceClose, Nov 4, 2026
Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.
Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error
| Window | Total return | S&P 500 (SPY) |
|---|---|---|
| 1M Oct 5 – Nov 4, 2026 | −0.9% | −1.0% |
| 3M Aug 5 – Nov 4, 2026 | +1.9% | −0.1% |
| 6M May 6 – Nov 4, 2026 | 0.0% | +5.0% |
| YTD Dec 31, 2025 – Nov 4, 2026 | +10.4% | +13.3% |
| 1Y Nov 4, 2025 – Nov 4, 2026 | +12.0% | +14.8% |
| 3Y Nov 3, 2023 – Nov 4, 2026 | +33.7% | +82.9% |
| Since launch Feb 1, 2023 – Nov 4, 2026 | +34.3% | +95.7% |
| Since launch, annualised Feb 1, 2023 – Nov 4, 2026 | +8.2% | – |
Total returns, distributions reinvested.
Source: Tiingo end-of-day prices, with distributions reinvested.
LALT in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, LALT −0.10%.
Money in and out
Daily data · as of Nov 3, 2026LALT: in the 22 trading days to Nov 3, 2026, net $38.5m came in.
Nov 3, 2026
Oct 28, 2026 to Nov 3, 2026
Sep 1, 2025 to Aug 31, 2026
monthly, from SEC filings
Sep 1, 2023 to Aug 31, 2026
monthly, from SEC filings
monthly, from SEC filings
LALT, net flow each trading day over the 65 sessions from Aug 4, 2026 to Nov 3, 2026: money came in on 13 days and went out on 1 day, of the 21 days with daily data; the other 44 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 13 days, out on 1. 44 days missing.
LALT, net flow each trading day over the 251 sessions from Nov 4, 2025 to Nov 3, 2026: money came in on 13 days and went out on 1 day, of the 21 days with daily data; the other 230 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 13 days, out on 1. 230 days missing.
LALT, net flow each trading day over the 400 sessions from Apr 2, 2025 to Nov 3, 2026: money came in on 13 days and went out on 1 day, of the 21 days with daily data; the other 379 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 13 days, out on 1. 379 days missing.
Daily data starts Oct 6, 2026.
How this is computed
Computed by ETFIQ from First Trust’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for LALT, back to Dec 2022, is in its flows file. Flows across every fund · How these flows are computed · Compare LALT with other funds in the flows tool
Every trading day, last 3 months21 days
Most recent first.
Week by week, last year5 weeks
Net flow into LALT each week, Oct 6, 2026 to Nov 3, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.
Month by month, money in and money outNov 2023 to Nov 2026
LALT, money in and money out each month from Nov 2023 to Oct 2026: two bars a month, money in above the line and money out below. Bars for Nov 2023 to Aug 2026 are from LALT’s SEC filings (N-PORT item B.6), and for Oct 2026 ETFIQ’s sums of its days. Sep 2026 has no data. Nov 2026 is still in progress, so it is in the list and not drawn. Of the 36 months listed, money came in on net in 28 and went out in 1.
Bars for Nov 2023 to Aug 2026 are from LALT’s SEC filings (N-PORT item B.6), and for Oct 2026 ETFIQ’s sums of its days. Of the 36 months listed, money came in on net in 28 and went out in 1.
Most recent first.
How this is computed
N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily data: money in adds the days money came in; money out adds the days it went out.
N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.
Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Nov 3, 2026. Last checked Nov 5, 2026.
LALT key stats
Trading
as of Nov 3, 2026
Liquid with care: its typical spread is 0.12% of its price.
LALT for holders outside the US
About LALT
12 seats on LALT, as of Nov 4, 2026: 1 Supports, 2 Challenges, 8 Not enough data, 1 Does not apply.
Questions people ask about LALT
- Does LALT move with the S&P 500?
- Over the year to Nov 4, 2026, LALT’s weekly returns had a correlation of +0.34 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was +0.17, so for each 1% the index moved it moved about 0.17% the same way.
- What did LALT do when stocks fell?
- The S&P 500 fell in 26 of the 52 weeks to Nov 4, 2026, by 1.07% on average. In those weeks LALT fell 0.10% on average, a down-week capture of 8.9%.
- Did LALT earn more than cash?
- Over the same 52 weeks LALT returned +11.6% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.7%. LALT finished 8.0 percentage points ahead of it.
- What does LALT cost?
- The prospectus expense ratio is 1.18% a year.
- Why is LALT listed as multi-strategy?
- ETFIQ files each fund by what its own prospectus says it does, and LALT’s, filed Dec 29, 2025, describes a multi-strategy fund.
Links are sources, not endorsements.
Cite this pageCitation, APA and Markdown
ETFIQ, LALT, alternatives ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/lalt
ETFIQ. (Nov 4, 2026). LALT, alternatives ETFs. Retrieved from https://etfiq.com/funds/lalt
[LALT, alternatives ETFs (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/lalt)
The down-week bars for LALT, redrawn every trading night.
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
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<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/alternatives/lalt/" title="LALT: LALT in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, LALT −0.10%." width="640" height="334" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">LALT: LALT in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, LALT −0.10%. Data: <a href="https://etfiq.com/funds/lalt">ETFIQ</a></figcaption>
</figure>The day's ETF flows, a comparison and one number. Every trading morning. About the Daily
Snapshot, Nov 4, 2026. More on the tabs above.