LALT vs UDEC
Comparison between FIRST TRUST MULTI-STRATEGY ALTERNATIVE ETF (LALT, ETF) and Innovator U.S. Equity Ultra Buffer ETF - December (UDEC, ETF).
LALT vs UDEC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
LALT
$248M
UDEC
$247M
Expense Ratio
LALT
1.18%
Winner
UDEC
0.79%
Max Drawdown
Winner
LALT
7.22%
UDEC
13.37%
Sharpe Ratio
Winner
LALT
1.79
UDEC
1.44
5Y Beta
Winner
LALT
0.20
UDEC
0.42
LALT vs UDEC - Historical Returns
Returns include dividend reinvestment.
1M
LALT
-0.05%
Winner
UDEC
+0.63%
3M
LALT
-1.00%
Winner
UDEC
+3.61%
6M
Winner
LALT
+5.54%
UDEC
+5.49%
1Y
Winner
LALT
+16.63%
UDEC
+13.86%
5Y(CAGR)
LALT
N/A
UDEC
+7.25%
Max(CAGR)
Winner
LALT
+8.39%
UDEC
+7.23%
LALT vs UDEC - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | LALT | UDEC |
|---|---|---|
| 2026 | +8.62% | +5.54% |
| 2025 | +10.43% | +13.00% |
| 2024 | +8.52% | +9.89% |
| 2023 | +0.88% | +17.36% |
| 2022 | N/A | -9.56% |
| 2021 | N/A | +7.04% |
| 2020 | N/A | +6.31% |
| 2019 | N/A | +1.16% |
LALT vs UDEC Drawdown Comparison
The maximum drawdown for LALT was -6.97%, occurring on Apr 8, 2025. Recovery took 107 trading sessions.
The maximum drawdown for UDEC was -13.37%, occurring on Mar 20, 2020. Recovery took 116 trading sessions.
The current LALT drawdown is -2.55%. The current UDEC drawdown is -0.24%.
| Rank | LALT | UDEC |
|---|---|---|
| #1 | -6.97% Feb 13, 2025 - Jul 21, 2025 | -13.37% Feb 19, 2020 - Aug 4, 2020 |
| #2 | -3.81% Sep 14, 2023 - Feb 7, 2024 | -10.26% Jan 4, 2022 - Jul 13, 2023 |
| #3 | -3.72% May 13, 2026 - Jun 26, 2026 | -8.94% Feb 19, 2025 - Jun 24, 2025 |
| #4 | -2.87% Mar 12, 2026 - Apr 10, 2026 | -8.15% Jul 28, 2023 - Nov 15, 2023 |
| #5 | -2.72% Jan 29, 2026 - Feb 25, 2026 | -4.44% Jan 28, 2026 - Apr 14, 2026 |
| #6 | -2.42% Apr 3, 2024 - Jul 3, 2024 | -2.81% Jul 16, 2024 - Aug 15, 2024 |
| #7 | -1.95% Jul 16, 2024 - Sep 19, 2024 | -2.70% Oct 12, 2020 - Nov 5, 2020 |
| #8 | -1.83% Apr 13, 2023 - Jul 18, 2023 | -2.46% Nov 12, 2025 - Nov 25, 2025 |
| #9 | -1.65% Dec 11, 2024 - Jan 15, 2025 | -2.31% Sep 2, 2020 - Oct 9, 2020 |
| #10 | -1.59% Nov 11, 2025 - Jan 5, 2026 | -2.16% Dec 6, 2024 - Jan 21, 2025 |
| #11 | -1.43% Jul 26, 2023 - Aug 29, 2023 | -1.96% Mar 28, 2024 - May 6, 2024 |
| #12 | -1.41% Mar 6, 2023 - Apr 4, 2023 | -1.79% Oct 8, 2025 - Oct 21, 2025 |
| #13 | -1.29% Oct 8, 2025 - Oct 15, 2025 | -1.56% Jun 4, 2026 - Jul 6, 2026 |
| #14 | -1.23% Oct 20, 2025 - Nov 10, 2025 | -1.45% Jul 25, 2025 - Aug 8, 2025 |
| #15 | -1.14% Jul 29, 2025 - Aug 8, 2025 | -1.25% Feb 24, 2021 - Mar 12, 2021 |
Correlation
Correlation between LALT and UDEC is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
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