LALTvsIALTETF Comparison
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First Trust Multi-Strategy Alternative ETF (LALT) and iShares Systematic Alternatives Active ETF (IALT) belong to the same industry segment: Multi-Asset: Other. LALT is more expensive with a Total Expense Ratio (TER) of 1.18%, versus 0.99% for IALT. LALT is up 12.14% year-to-date (YTD) with +$380M in YTD flows. IALT performs better with 17.71% YTD performance, and +$7.33B in YTD flows. Run a side-by-side ETF comparison of LALT and IALT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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LALT vs IALT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | LALT IALT | +0.69%+0.89% | +3.58%+4.50% | +12.14%+17.71% | +12.64%n/a | +35.85%n/a | n/an/a |
| Flows | LALT IALT | +$50M+$1.72B | +$131M+$2.37B | +$380M+$7.33B | +$387M- | +$410M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | LALT IALT | +4.14%+5.33% | +6.31%n/a | +5.78%n/a | n/an/a |
| Max drawdown | LALT IALT | -0.88%-1.97% | -3.85%n/a | -6.43%n/a | n/an/a |
| Max drawdown duration | LALT IALT | 17d15d | 125dn/a | 149dn/a | n/an/a |
Trading data
LALT | IALT | |
Last sale 10/19/2026 at 2:19 PM | $24.91 | $29.72 |
| Previous close 10/16/2026 | $24.89 | $29.71 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/19/2026 at 2:19 PM
Live
Closed
LALT | IALT | |
|---|---|---|
| Last price | $24.91 | $29.72 |
| 1D performance | +0.06% | +0.03% |
| AuM | $427.04 M | $7.66 B |
| E/R | 1.18% | 0.99% |
Characteristics
LALT | IALT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | iShares |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 1, 2023 | December 10, 2025 |
| ESG | No | No |
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Exposure
Countries
LALT
Data will be available soon
IALT
Data will be available soon
Sectors
LALT
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IALT
Data will be available soon
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Diversification
LALT
Data will be available soon
IALT
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Top 15 holdings
Data as of January 1, 1970
LALT
Data will be available soon
IALT
Data will be available soon
Frequently asked questions about LALT and IALT
How have the LALT and IALT ETFs performed in 2026?
As of October 16, 2026, LALT is up 12.14% year-to-date (YTD), while IALT has returned 17.71%. That puts IALT better performer ahead so far this year.
Which ETF is attracting more investor money: LALT or IALT?
Year-to-date, the LALT ETF saw +$380M in flows, compared to +$7.33B for IALT.
Which ETF is bigger: LALT or IALT?
As of October 16, 2026, LALT holds $427.04 M in assets under management (AUM), while IALT manages $7.66 B.
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