IVV vs LALT
IVV vs LALT
iShares Core S&P 500 ETF vs First Trust Multi-Strategy Alternative ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | LALT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.18% | |
| AUM | $865.2B | $294M | |
| Dividend Yield | 1.09% | 3.68% | |
| Holdings | 508 | 9 | |
| YTD Return | +13.13% | +8.65% | |
| 1Y Return | +22.90% | +16.17% | |
| 3Y Return (annualized) | +21.08% | +9.53% | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 4.7% | |
| Max Drawdown | -56.5% | -7.0% | |
| Fund Family | iShares by BlackRock (US) | First Trust Portfolios (US) | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jan 31, 2023 |
IVV vs LALT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and First Trust Multi-Strategy Alternative ETF (LALT) is a ETF from First Trust Portfolios (US). Over the past year IVV returned +22.90% while LALT returned +16.17%. Year to date, IVV is up 13.13% versus a gain of 8.65% for LALT.
Over three years, IVV compounded at +21.08% per year against +9.53% for LALT. Across the full 4-year window we track, LALT has the edge at +8.29% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.7% for LALT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -7.0% for LALT. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while LALT charges 1.18%. On a $10,000 position that is $3 vs $118 annually, a gap of $115 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.68% for LALT.
Holdings Overlap
IVV and LALT share 0 holdings out of 512 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or LALT?
IVV has an expense ratio of 0.03% while LALT charges 1.18%. IVV is the cheaper option. On a $10,000 investment, that is $115 per year of difference.
Which performed better, IVV or LALT?
Over the past year IVV returned +22.90% vs +16.17% for LALT, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.02% vs +8.29% for LALT. Past performance does not guarantee future results.
Which is riskier, IVV or LALT?
IVV has been the more volatile fund at 15.1% annualized versus 4.7% for LALT. Worst drawdown: IVV -56.5% vs LALT -7.0%.
Should I hold both IVV and LALT?
IVV and LALT have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and LALT?
IVV and LALT share 0 common holdings with a 0.0% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, IVV or LALT?
IVV yields 1.09% while LALT yields 3.68%, so LALT currently pays the higher dividend yield.
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