ALTS

ProShares Morningstar Alternatives Solution ETF
*Unless otherwise stated, data provided by FactSet.

ALTS Fund Description

ALTS tracks an index of 7 alternative ETFs, issued by ProShares. The index allocates to the ETFs with an optimizer that aims to maximize risk-adjusted returns. The optimizer assumes investors have existing positions in stocks and bonds.

ALTS Factset Analytics Insight

ALTS offers a novel all-in-one solution to alternatives allocation—the latest in a series of funds competing with multistrategy giant QAI. QAI uses a fund-of-funds approach, allocating to vanilla ETFs based on its hedge-fund-replication math. In contrast, ALTS is a fund-of-alternative-funds, a structure that’s unusual in ETFs but common in the hedge fund space. ALTS allocates to 7 ETFs—all from ProShares—covering the alternatives space as they define it. This includes hedge fund strategies like managed futures, but also an infrastructure ETF and a bet on inflation expectations. The fund uses an optimizer fed by 36-month price returns, with a momentum overlay. ALTS positions itself as a “completion” portfolio: It assumes existing exposure to stocks and bonds—a reasonable premise. One concern: Some of its underlying ETFs have a short track record and thin liquidity.

ALTS Charts And Performance

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Select ETFs to compare their performance:
PERFORMANCE [as of 11/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ALTS 0.36% 1.01% 4.36% 2.46% 1.95% 0.42% --
ALTS (NAV) 0.37% 0.97% 4.73% 2.01% 1.73% 0.46% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ALTS Summary Data

ProShares
10/08/14
Open-Ended Fund
0.95%
$6.77M
$25.95K
0.38%

ALTS Portfolio Data

Tactical Asset Allocation
1.19%
12/24/19
8

ALTS Index Data

Technical
Proprietary
N/A

ALTS Portfolio Management

0.95%
-0.16%
0.25%
-0.55%

ALTS Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

ALTS Fund Structure

Open-Ended Fund
No
No
No Policy
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

ALTS Factset Analytics Block Liquidity

As of 11/20/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of ALTS. ALTS is rated a 1 out of 5.

ALTS Tradability

576
$25.95K
214
$12.75K
0.38%
$0.14
-0.07%
0.68% / -0.97%
None
100.00%
10,000
0.02
0.07%
342.41%
0
$37.54
1

ALTS Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

ALTS Top 5 Holdings Short

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ALTS Performance Statistics

2.01%
2.19%
-2.75%
0.04
0.05
-0.52
2.68

ALTS Correlations (Daily Returns 12 Mo)

0.67
-0.08
0.28