HDG vs LALT
ProShares Hedge Replication ETF compared with First Trust Multi-Strategy Alternative ETF on yield, payout growth, payment schedule, cost and risk.
HDG
ProShares Hedge Replication ETF
TTM yield · Quarterly
LALT
First Trust Multi-Strategy Alternative ETF
TTM yield · Semi-annual
Quick take
- HDG yields more today: 2.23% vs 0.65% (forward).
- LALT has grown its payout faster: 370.7%/yr vs -14.7%/yr over the last 1 year.
- HDG pays every quarter; LALT pays twice a year.
- Over the last year LALT delivered the higher total return: +12.1% vs +7.6% (price change plus payouts).
- HDG is cheaper to own: 0.95% vs 1.18% expense ratio.
- HDG has the steadier distribution: consistency 78/100 vs 0/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | HDG | LALT |
|---|---|---|
| Share price | $53.72 | $24.88 |
| TTM yield | 2.30% | 2.65% |
| Forward yield | 2.23% | 0.65% |
| Annual payout per share | $1.20 | $0.162 |
| Payment frequency | Quarterly | Semi-annual |
| Next ex-date | Dec 23, 2026 (est.) | Mar 25, 2027 (est.) |
| Expense ratio | 0.95% | 1.18% |
| 1-year payout growth | -14.7% | +370.7% |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 0 years | 1 year |
| Payout consistency (last 12) | 78/100 | 0/100 |
| 1-year total return | +7.6% | +12.1% |
| 1-year price return | +5.2% | +9.2% |
| Size (market cap / AUM) | 22.4M | 389.5M |
| Years paying | 13.8 | 3.3 |
| Sector / category | Multistrategy | Multistrategy |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| HDG | LALT | |
|---|---|---|
| Shares | 186.2 | 401.9 |
| Income per year | $223 | $65 |
| Income per month (avg) | $19 | $5 |
At forward yields, before taxes. Model HDG · Model LALT
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| HDG Dec 23, 2026 | Jan 6, 2027 | $0.30 | Est. |
| HDG Mar 24, 2027 | Apr 7, 2027 | $0.30 | Est. |
| HDG Jun 23, 2027 | Jul 7, 2027 | $0.30 | Est. |
| LALT Mar 25, 2027 | Apr 8, 2027 | $0.081 | Est. |
| LALT Sep 23, 2027 | Oct 7, 2027 | $0.081 | Est. |
Annual payouts per share
HDGLALT
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, HDG or LALT?
LALT currently has the higher trailing yield: HDG yields 2.30% and LALT yields 2.65%. Yield changes daily with price, so check the live figures above.
How often do HDG and LALT pay?
HDG pays every quarter and LALT pays twice a year. HDG's next ex-date is Dec 23, 2026 and LALT's is Mar 25, 2027.
Which has grown its dividend faster, HDG or LALT?
LALT has grown its payout faster: 370.7%/yr vs -14.7%/yr over the last 1 year.
Is HDG or LALT better for income?
It depends on what you are optimising for. HDG and LALT differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.