MVPA vs LALT

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

MVPA vs LALT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

MVPA

$66M

LALT

$66M

Expense Ratio

Winner

MVPA

0.60%

LALT

1.18%

Max Drawdown

MVPA

26.48%

Winner

LALT

7.22%

Sharpe Ratio

MVPA

-0.25

Winner

LALT

2.02

5Y Beta

MVPA

1.08

Winner

LALT

0.20

P/E Ratio

MVPA

-89.64

LALT

N/A

Forward P/E

MVPA

7.33

LALT

N/A

P/S Ratio

MVPA

0.65

LALT

N/A

P/B Ratio

MVPA

1.54

LALT

N/A

MVPA vs LALT - Holdings Comparison

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

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

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

MVPA vs LALT - Historical Returns

Returns include dividend reinvestment.

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

Winner

MVPA

+0.03%

LALT

-1.89%

Winner

MVPA

+7.25%

LALT

-0.52%

MVPA

-3.63%

Winner

LALT

+9.79%

MVPA

-1.67%

Winner

LALT

+19.19%

Max(CAGR)

Winner

MVPA

+13.80%

LALT

+8.83%

MVPA vs LALT - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

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

MVPA vs LALT Drawdown Comparison

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

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

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

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