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LALTvsPFXFETF Comparison

ETF 1
LALT

First Trust Multi-Strategy Alternative ETF

This fund is part of
Multi-Asset: Other
-0.26%
VS
ETF 2
PFXF

VanEck Preferred Securities ex Financials ETF

This fund is part of
Multi-Asset: Other
-0.26%

First Trust Multi-Strategy Alternative ETF (LALT) and VanEck Preferred Securities ex Financials ETF (PFXF) belong to the same industry segment: Multi-Asset: Other. In contrast, PFXF's top sector exposures are Technology, Finance and Utilities. LALT is more expensive with a Total Expense Ratio (TER) of 1.18%, versus 0.4% for PFXF. LALT is up 12.14% year-to-date (YTD) with +$380M in YTD flows. PFXF performs worse with -0.19% YTD performance, and +$306M in YTD flows. Run a side-by-side ETF comparison of LALT and PFXF 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 PFXF performance and flow charts

Performance

-3.0-2.0-1.00.01.02.0%Sep 16Sep 23Sep 30Oct 7Oct 14

Cumulative Flows

-20 M0 M20 M40 MSep 16Sep 23Sep 30Oct 7Oct 14

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 10/16/2026
1M3MYTD1Y3Y5Y
Perf.
LALT
PFXF
+0.69%-2.88%
+3.58%-1.54%
+12.14%-0.19%
+12.64%+1.05%
+35.85%+30.10%
n/a+11.08%
Flows
LALT
PFXF
+$50M-$20M
+$131M-$77M
+$380M+$306M
+$387M+$401M
+$410M+$1.01B
-+$1.51B
Volatility and drawdown
3M1Y3Y5Y
Volatility
LALT
PFXF
+4.14%+12.29%
+6.31%+10.49%
+5.78%+9.99%
n/a+10.96%
Max drawdown
LALT
PFXF
-0.88%-6.33%
-3.85%-8.55%
-6.43%-11.74%
n/a-21.78%
Max drawdown duration
LALT
PFXF
17d61d
125d136d
149d258d
n/a990d
Trading data

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LALT
PFXF
Last sale
10/19/2026 at 5:52 PM
$24.90
$16.99
Previous close
10/16/2026
$24.89
$16.98
Consolidated volume
10/16/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of October 19, 2026
1-year trailing difference

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LALT
is actively managed and doesn’t replicate an index

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LALT
PFXF
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 10/19/2026 at 5:52 PM
Live
Closed
LALT
PFXF
Last price
$24.90
$16.99
1D performance
+0.04%
+0.06%
AuM$427.04 M$2.26 B
E/R1.18%0.4%
Characteristics
LALT
PFXF
Management strategyActivePassive
ProviderFirst TrustVanEck
Benchmark-ICE Exchange-Listed Fixed & Adjustable Rate Non-Financial Preferred Securities Index
N° of holdings-86
Asset class-Fixed Income
Trailing 12m distribution yield
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Inception dateFebruary 1, 2023July 16, 2012
ESGNoNo
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Exposure

Countries

LALT
Data will be available soon
PFXF
USA
98.04%
Other
1.96%

Sectors

LALT
Data will be available soon
PFXF
Technology
26.17%
Finance
25.48%
Utilities
21.35%
Industrials
9.99%
Other
17%

Diversification

LALT
Data will be available soon
PFXF

Total weight of top 15 holdings out of 15

55.24%

Top 15 holdings

Data as of January 1, 1970
LALT
Data will be available soon
PFXF
Strategy, Inc.
8.20%
The Boeing Co.
7.78%
Alphabet, Inc.
4.97%
Alphabet, Inc.
4.94%
Oracle Corp.
4.91%
Super Micro Computer, Inc.
4.89%
Hewlett Packard Enterprise Co.
4.18%
Albemarle Corp.
2.67%
NextEra Energy, 7.375% 15feb2029, USD (Conv.)
2.15%
NextEra Energy, 5.15% 1jun2029, USD
2.15%
The Southern Co.
1.98%
Microchip Technology, Inc.
1.97%
BrightSpring Health Services, Inc.
1.61%
NextEra Energy, Inc.
1.48%
PG&E Corp.
1.36%
Frequently asked questions about LALT and PFXF

How have the LALT and PFXF ETFs performed in 2026?

As of October 16, 2026, LALT is up 12.14% year-to-date (YTD), while PFXF has lost -0.19%. That puts LALT better performer ahead so far this year.

Which ETF is attracting more investor money: LALT or PFXF?

Year-to-date, the LALT ETF saw +$380M in flows, compared to +$306M for PFXF.

Which ETF is more volatile: LALT or PFXF?

Over the past year, LALT had a volatility of 6.31%, while PFXF experienced 10.49%.

Which ETF is bigger: LALT or PFXF?

As of October 16, 2026, LALT holds $427.04 M in assets under management (AUM), while PFXF manages $2.26 B.

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