LALT vs QIS
First Trust Multi-Strategy Alternative ETF compared with Simplify Multi-Qis Alternative ETF on yield, payout growth, payment schedule, cost and risk.
LALT
First Trust Multi-Strategy Alternative ETF
TTM yield · Semi-annual
QIS
Simplify Multi-Qis Alternative ETF
TTM yield · Quarterly
Quick take
- QIS yields more today: 17.56% vs 0.65% (forward).
- LALT has grown its payout faster: 370.7%/yr vs 17.0%/yr over the last 1 year.
- LALT pays twice a year; QIS pays every quarter.
- Over the last year LALT delivered the higher total return: +12.1% vs -37.4% (price change plus payouts).
- LALT is cheaper to own: 1.18% vs 1.21% expense ratio.
- QIS has the steadier distribution: consistency 14/100 vs 0/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | LALT | QIS |
|---|---|---|
| Share price | $24.88 | $11.39 |
| TTM yield | 2.65% | 5.27% |
| Forward yield | 0.65% | 17.56% |
| Annual payout per share | $0.162 | $2.00 |
| Payment frequency | Semi-annual | Quarterly |
| Next ex-date | Mar 25, 2027 (est.) | Dec 26, 2026 (est.) |
| Expense ratio | 1.18% | 1.21% |
| 1-year payout growth | +370.7% | +17.0% |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 1 year | 1 year |
| Payout consistency (last 12) | 0/100 | 14/100 |
| 1-year total return | +12.1% | -37.4% |
| 1-year price return | +9.2% | -40.6% |
| Size (market cap / AUM) | 389.5M | 49.0M |
| Years paying | 3.3 | 2.8 |
| 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 | QIS | |
|---|---|---|
| Shares | 401.9 | 877.9 |
| Income per year | $65 | $1,756 |
| Income per month (avg) | $5 | $146 |
At forward yields, before taxes. Model LALT · Model QIS
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. |
| QIS Dec 26, 2026 | Jan 9, 2027 | $0.50 | Est. |
| QIS Mar 28, 2027 | Apr 11, 2027 | $0.50 | Est. |
| QIS Jun 28, 2027 | Jul 12, 2027 | $0.50 | Est. |
Annual payouts per share
LALTQIS
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 QIS?
QIS currently has the higher trailing yield: LALT yields 2.65% and QIS yields 5.27%. Yield changes daily with price, so check the live figures above.
How often do LALT and QIS pay?
LALT pays twice a year and QIS pays every quarter. LALT's next ex-date is Mar 25, 2027 and QIS's is Dec 26, 2026.
Which has grown its dividend faster, LALT or QIS?
LALT has grown its payout faster: 370.7%/yr vs 17.0%/yr over the last 1 year.
Is LALT or QIS better for income?
It depends on what you are optimising for. LALT and QIS 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.