Invesco Multi-Strategy Alternative ETF (LALT) Performance
LALT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.2% since Dec 31, 2025
- 1 year
- +12.5% total return
- 3 years
- +10.9% a year
- Since first price
- +8.7% a year since 2023
LALT trailing returns vs AGG, TLT, SPY
| Period | LALT total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.3% | −0.0% | +0.9% | +1.5% | −1.0% |
| 3 months | +3.1% | +2.8% | −0.4% | −1.0% | +3.2% |
| 6 months | +1.5% | +0.9% | −1.5% | −3.8% | +7.8% |
| YTD | +12.2% | +9.2% | −1.0% | −3.4% | +12.3% |
| 1 year | +12.5% | +8.0% | −1.1% | −6.9% | +14.4% |
| 3 years | +36.2%+10.9%/yr | +24.8% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionFeb 1, 2023 | +36.4%+8.7%/yr | +24.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: LALT vs AGG
From Feb 1, 2023: LALT grew to $13,636, AGG to $10,920.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LALT returns by calendar year
2 of 2 full years positive. Best 2025 (+10.8%), worst 2024 (+8.8%). 2026 is year to date.
LALT annual returns table
| Year | LALT | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +12.2% | −3.7% | −1.0% | −3.4% | +12.3% |
| 2025 | +10.8% | −7.0% | +7.2% | +4.3% | +17.7% |
| 2024 | +8.8% | −2.4% | +1.3% | −8.1% | +24.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
LALT largest drawdowns
Now 0.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 13, 2025 | −7.0% | Apr 8, 2025 | Jul 21, 2025 | 54 days | 5 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
LALT risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +10.3% | +9.0% |
| Volatility (annualized) | 4.9% | 4.6% |
| Sharpe ratio | 1.14 | 0.92 |
| Sortino ratio | 2.13 | 1.72 |
| Best month | +4.2% | +4.2% |
| Worst month | −2.6% | −2.6% |
| Best 12 months | +23.5% | +23.5% |
| Worst 12 months | +4.1% | +4.1% |
| Positive months | 67% | 65% |
| Beta vs S&P 500 | 0.13 | — |
| Correlation with S&P 500 | 0.33 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
LALT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 33 | +4.1% | +8.8% | +23.5% | 100% |
| 3-year (a year) | 9 | +9.2% | +9.9% | +11.0% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
LALT performance overview
Invesco Multi-Strategy Alternative ETF (LALT) returned +12.5% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +8.7% a year, turning $10,000 into about $13,636. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −7.0%, from Feb 13, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 4.6% a year.
Related: LALT chart, LALT dividends, LALT bond profile. See the LALT overview for the latest quote and fund facts.
LALT performance FAQ
What is the LALT return over the past year?
LALT returned +12.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.0%.
How much would $10,000 invested in LALT be worth?
$10,000 invested in LALT at its first recorded close on February 1, 2023 would be worth about $13,636 on October 23, 2026 with distributions reinvested.
What was the worst year for LALT?
The worst calendar year was 2024, with a total return of +8.8%. The best was 2025 at +10.8%.
What is the biggest drawdown of LALT?
The largest peak-to-trough decline was −7.0% between February 13, 2025 and April 8, 2025. It recovered to the old high on July 21, 2025, 3 months after the bottom.
How volatile is LALT?
Over the past 3 years LALT had an annualized volatility of 4.9% and a Sharpe ratio of 1.14 (excess return over 1–3 month T-bills per unit of risk).