LALT vs MVPA

Comparison between FIRST TRUST MULTI-STRATEGY ALTERNATIVE ETF (LALT, ETF) and MILLER VALUE PARTNERS APPRECIATION ETF (MVPA, ETF).

LALT vs MVPA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LALT(ETF)	MVPA(ETF)
Net Assets	$66M	$66M
Expense Ratio	1.18%	0.60%
Max Drawdown	7.22%	26.48%
Sharpe Ratio	2.02	-0.25
5Y Beta	0.20	1.08
P/E Ratio	N/A	-89.64
Forward P/E	N/A	7.33
P/S Ratio	N/A	0.65
P/B Ratio	N/A	1.54

Net Assets

LALT

$66M

MVPA

$66M

Expense Ratio

LALT

1.18%

Winner

MVPA

0.60%

Max Drawdown

Winner

LALT

7.22%

MVPA

26.48%

Sharpe Ratio

Winner

LALT

2.02

MVPA

-0.25

5Y Beta

Winner

LALT

0.20

MVPA

1.08

P/E Ratio

LALT

N/A

MVPA

-89.64

Forward P/E

LALT

N/A

MVPA

7.33

P/S Ratio

LALT

N/A

MVPA

0.65

P/B Ratio

LALT

N/A

MVPA

1.54

LALT vs MVPA - Holdings Comparison

LALT and MVPA have 0 common holdings. Overlap is 0.00%

LALT's top 25 holdings weight is 99.88%. MVPA's top 25 holdings weight is 91.06%.

Rank	LALT	MVPA
#1	FIRST TRUST MANAGED FUTURE STRATEGY ETF (FMF) - 21.64%	CRESCENT ENERGY CO CLASS A (CRGY) - 7.18%
#2	FIRST TRUST ALT ABS RET STRAT ETF (FAAR) - 21.18%	CROCS INC (CROX) - 6.97%
#3	FIRST TRUST LONG/SHORT EQUITY ETF (FTLS) - 20.81%	UNITED PARCEL SERVICE INC CLASS B (UPS) - 5.48%
#4	FIRST TRUST LOW DURATION OPPOS ETF (LMBS) - 10.50%	BREAD FINANCIAL HOLDINGS INC (BFH) - 5.15%
#5	FIRST TRUST GLOBAL TACT CMDTY STRAT ETF (FTGC) - 7.81%	BLOOMIN BRANDS INC (BLMN) - 5.08%
#6	ISHARES 7-10 YEAR TREASURY BOND ETF (IEF) - 7.36%	ZIFF DAVIS INC (ZD) - 4.79%
#7	FRANKLIN SYSTEMATIC STYLE PREMIA ETF (FLSP) - 7.08%	FIGURE TECHNOLOGY SOLUTIONS INC ORDINARY SHARES-CLASS A (FIGR) - 4.52%
#8	ISHARES GOLD TRUST (IAU) - 3.50%	MERCADOLIBRE INC (MELI) - 4.46%
#9	N/A	LINCOLN NATIONAL CORP (LNC) - 4.29%
#10	N/A	CTO REALTY GROWTH INC ORDINARY SHARES- NEW (CTO) - 3.84%
#11	N/A	CITI TRENDS INC (CTRN) - 3.84%
#12	N/A	JACKSON FINANCIAL INC (JXN) - 3.45%
#13	N/A	AIRBNB INC ORDINARY SHARES CLASS A (ABNB) - 3.36%
#14	N/A	RESIDEO TECHNOLOGIES INC (REZI) - 3.24%
#15	N/A	MAPLEBEAR INC (CART) - 2.87%
#16	N/A	STRATEGY INC CLASS A (MSTR) - 2.78%
#17	N/A	VIATRIS INC (VTRS) - 2.74%
#18	N/A	QUAD/GRAPHICS INC CLASS A (QUAD) - 2.54%
#19	N/A	CHORD ENERGY CORP ORDINARY SHARES NEW (CHRD) - 2.47%
#20	N/A	BUILDERS FIRSTSOURCE INC (BLDR) - 2.20%
#21	N/A	ALLIANCE RESOURCE PARTNERS LP (ARLP) - 2.10%
#22	N/A	PERDOCEO EDUCATION CORP (PRDO) - 2.08%
#23	N/A	SHIFT4 PAYMENTS INC CLASS A (FOUR) - 2.01%
#24	N/A	PINTEREST INC CLASS A (PINS) - 1.94%
#25	N/A	WESTERN ALLIANCE BANCORP (WAL) - 1.68%
Total Holdings	8	37

LALT vs MVPA - Historical Returns

Returns include dividend reinvestment.

Period	LALT	MVPA
1 month	-1.89%	+0.03%
3 months	-0.52%	+7.25%
6 months	+9.79%	-3.63%
1 year	+19.19%	-1.67%
Max(CAGR)	+8.83%	+13.80%

LALT

-1.89%

Winner

MVPA

+0.03%

LALT

-0.52%

Winner

MVPA

+7.25%

Winner

LALT

+9.79%

MVPA

-3.63%

Winner

LALT

+19.19%

MVPA

-1.67%

Max(CAGR)

LALT

+8.83%

Winner

MVPA

+13.80%

LALT vs MVPA - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	LALT	MVPA
2026	+9.14%	-1.31%
2025	+10.43%	-3.31%
2024	+8.52%	+40.72%
2023	+0.88%	N/A

LALT vs MVPA Drawdown Comparison

The maximum drawdown for LALT was -6.97%, occurring on Apr 8, 2025. Recovery took 107 trading sessions.

The maximum drawdown for MVPA was -25.91%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

The current LALT drawdown is -2.08%. The current MVPA drawdown is -10.59%.

Rank	LALT	MVPA
#1	-6.97% Feb 13, 2025 - Jul 21, 2025	-25.91% Feb 14, 2025 - Apr 8, 2025
#2	-3.81% Sep 14, 2023 - Feb 7, 2024	-9.67% Jul 31, 2024 - Oct 7, 2024
#3	-2.87% Mar 12, 2026 - Apr 10, 2026	-8.22% Mar 27, 2024 - Jul 31, 2024
#4	-2.72% Jan 29, 2026 - Feb 25, 2026	-7.93% Dec 4, 2024 - Feb 14, 2025
#5	-2.65% May 13, 2026 - Jun 9, 2026	-4.72% Mar 4, 2024 - Mar 8, 2024
#6	-2.42% Apr 3, 2024 - Jul 3, 2024	-4.44% Nov 11, 2024 - Nov 22, 2024
#7	-1.95% Jul 16, 2024 - Sep 19, 2024	-4.21% Mar 13, 2024 - Mar 21, 2024
#8	-1.83% Apr 13, 2023 - Jul 18, 2023	-2.88% Feb 12, 2024 - Feb 15, 2024
#9	-1.65% Dec 11, 2024 - Jan 15, 2025	-2.57% Feb 15, 2024 - Feb 26, 2024
#10	-1.59% Nov 11, 2025 - Jan 5, 2026	-2.39% Oct 11, 2024 - Nov 5, 2024
#11	-1.43% Jul 26, 2023 - Aug 29, 2023	-2.27% Nov 25, 2024 - Dec 3, 2024
#12	-1.41% Mar 6, 2023 - Apr 4, 2023	-2.06% Feb 1, 2024 - Feb 8, 2024
#13	-1.29% Oct 8, 2025 - Oct 15, 2025	-1.52% Mar 21, 2024 - Mar 25, 2024
#14	-1.23% Oct 20, 2025 - Nov 10, 2025	-0.96% Oct 9, 2024 - Oct 11, 2024
#15	-1.14% Jul 29, 2025 - Aug 8, 2025	-0.35% Nov 6, 2024 - Nov 11, 2024