LALT vs TDAQ
Comparison between FIRST TRUST MULTI-STRATEGY ALTERNATIVE ETF (LALT, ETF) and TAPPALPHA INNOVATION 100 GROWTH & DAILY INCOME ETF (TDAQ, ETF).
LALT vs TDAQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
LALT vs TDAQ - Holdings Comparison
LALT and TDAQ have 0 common holdings. Overlap is 0.00%
LALT's top 25 holdings weight is 99.97%. TDAQ's top 25 holdings weight is 100.76%.
| Rank | LALT | TDAQ |
|---|---|---|
| #1 | FIRST TRUST LONG/SHORT EQUITY ETF (FTLS) - 21.65% | INVESCO NASDAQ 100 ETF (QQQM) - 100.62% |
| #2 | FIRST TRUST MANAGED FUTURE STRATEGY ETF (FMF) - 21.47% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.14% |
| #3 | FIRST TRUST ALT ABS RET STRAT ETF (FAAR) - 21.10% | N/A |
| #4 | FIRST TRUST LOW DURATION OPPOS ETF (LMBS) - 10.45% | N/A |
| #5 | FRANKLIN SYSTEMATIC STYLE PREMIA ETF (FLSP) - 9.44% | N/A |
| #6 | FIRST TRUST GLOBAL TACT CMDTY STRAT ETF (FTGC) - 8.48% | N/A |
| #7 | ISHARES 7-10 YEAR TREASURY BOND ETF (IEF) - 7.38% | N/A |
| #8 | N/A | N/A |
| #9 | N/A | N/A |
| #10 | N/A | N/A |
| #11 | N/A | N/A |
| #12 | N/A | N/A |
| #13 | N/A | N/A |
| #14 | N/A | N/A |
| #15 | N/A | N/A |
| #16 | N/A | N/A |
| #17 | N/A | N/A |
| #18 | N/A | N/A |
| #19 | N/A | N/A |
| #20 | N/A | N/A |
| #21 | N/A | N/A |
| #22 | N/A | N/A |
| #23 | N/A | N/A |
| #24 | N/A | N/A |
| #25 | N/A | N/A |
| Total Holdings | 7 | 2 |
LALT vs TDAQ - Historical Returns
Returns include dividend reinvestment.
LALT vs TDAQ - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | LALT | TDAQ |
|---|---|---|
| 2026 | +8.62% | +14.31% |
| 2025 | +10.43% | +8.91% |
| 2024 | +8.52% | N/A |
| 2023 | +0.88% | N/A |
LALT vs TDAQ Drawdown Comparison
The maximum drawdown for LALT was -6.97%, occurring on Apr 8, 2025. Recovery took 107 trading sessions.
The maximum drawdown for TDAQ was -11.33%, occurring on Mar 30, 2026. Recovery took 53 trading sessions.
The current LALT drawdown is -2.55%. The current TDAQ drawdown is -5.41%.
| Rank | LALT | TDAQ |
|---|---|---|
| #1 | -6.97% Feb 13, 2025 - Jul 21, 2025 | -11.33% Jan 28, 2026 - Apr 15, 2026 |
| #2 | -3.81% Sep 14, 2023 - Feb 7, 2024 | -8.04% Oct 29, 2025 - Jan 28, 2026 |
| #3 | -3.72% May 13, 2026 - Jun 26, 2026 | -7.25% Jun 2, 2026 - Jul 17, 2026 |
| #4 | -2.87% Mar 12, 2026 - Apr 10, 2026 | -3.71% Oct 8, 2025 - Oct 20, 2025 |
| #5 | -2.72% Jan 29, 2026 - Feb 25, 2026 | -2.42% May 14, 2026 - May 22, 2026 |
| #6 | -2.42% Apr 3, 2024 - Jul 3, 2024 | -1.37% Sep 22, 2025 - Oct 1, 2025 |
| #7 | -1.95% Jul 16, 2024 - Sep 19, 2024 | -1.17% Apr 27, 2026 - Apr 30, 2026 |
| #8 | -1.83% Apr 13, 2023 - Jul 18, 2023 | -1.13% May 11, 2026 - May 14, 2026 |
| #9 | -1.65% Dec 11, 2024 - Jan 15, 2025 | -1.06% Oct 20, 2025 - Oct 24, 2025 |
| #10 | -1.59% Nov 11, 2025 - Jan 5, 2026 | -0.47% Oct 6, 2025 - Oct 8, 2025 |
| #11 | -1.43% Jul 26, 2023 - Aug 29, 2023 | -0.43% Apr 17, 2026 - Apr 22, 2026 |
| #12 | -1.41% Mar 6, 2023 - Apr 4, 2023 | -0.42% Oct 2, 2025 - Oct 6, 2025 |
| #13 | -1.29% Oct 8, 2025 - Oct 15, 2025 | -0.33% May 6, 2026 - May 8, 2026 |
| #14 | -1.23% Oct 20, 2025 - Nov 10, 2025 | -0.29% Sep 16, 2025 - Sep 18, 2025 |
| #15 | -1.14% Jul 29, 2025 - Aug 8, 2025 | -0.15% Apr 22, 2026 - Apr 24, 2026 |
Correlation
Correlation between LALT and TDAQ is 0.60 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (2023 - 2026)
LALT vs TDAQ dividend yield comparison.
| Year | LALT | TDAQ |
|---|---|---|
| 2026 | 2.39% | 9.67% |
| 2025 | 2.03% | 4.32% |
| 2024 | 2.06% | 0.00% |
| 2023 | 2.44% | 0.00% |
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