LALT vs LQ
First Trust Multi-Strategy Alternative ETF compared with Simplify Tax Aware Alternatives ETF on yield, payout growth, payment schedule, cost and risk.
LALT
First Trust Multi-Strategy Alternative ETF
TTM yield · Semi-annual
LQ
Simplify Tax Aware Alternatives ETF
TTM yield · Quarterly
Quick take
- LQ yields more today: 4.18% vs 0.65% (forward).
- LALT pays twice a year; LQ pays every quarter.
- LQ is cheaper to own: 0.15% vs 1.18% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | LALT | LQ |
|---|---|---|
| Share price | $24.88 | $23.92 |
| TTM yield | 2.65% | 1.25% |
| Forward yield | 0.65% | 4.18% |
| Annual payout per share | $0.162 | $1.00 |
| Payment frequency | Semi-annual | Quarterly |
| Next ex-date | Mar 25, 2027 (est.) | Dec 26, 2026 (est.) |
| Expense ratio | 1.18% | 0.15% |
| 1-year payout growth | +370.7% | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 1 year | 0 years |
| Payout consistency (last 12) | 0/100 | — |
| 1-year total return | +12.1% | — |
| 1-year price return | +9.2% | — |
| Size (market cap / AUM) | 389.5M | 2.4M |
| Years paying | 3.3 | 0.3 |
| 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
| LALT | LQ | |
|---|---|---|
| Shares | 401.9 | 418.1 |
| Income per year | $65 | $418 |
| Income per month (avg) | $5 | $35 |
At forward yields, before taxes. Model LALT · Model LQ
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| LALT Mar 25, 2027 | Apr 8, 2027 | $0.081 | Est. |
| LALT Sep 23, 2027 | Oct 7, 2027 | $0.081 | Est. |
| LQ Dec 26, 2026 | Dec 31, 2026 | $0.25 | Est. |
| LQ Mar 28, 2027 | Apr 2, 2027 | $0.25 | Est. |
| LQ Jun 28, 2027 | Jul 3, 2027 | $0.25 | Est. |
Annual payouts per share
LALTLQ
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, LALT or LQ?
LALT currently has the higher trailing yield: LALT yields 2.65% and LQ yields 1.25%. Yield changes daily with price, so check the live figures above.
How often do LALT and LQ pay?
LALT pays twice a year and LQ pays every quarter. LALT's next ex-date is Mar 25, 2027 and LQ's is Dec 26, 2026.
Is LALT or LQ better for income?
It depends on what you are optimising for. LALT and LQ 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.