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iShares U.S. Select Equity Active ETF (BELT)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

iShares U.S. Select Equity Active ETF (BELT)

ETF · Currency in USD · Last updated Apr 1, 2026

BELT is an actively managed ETF by iShares. BELT launched on Jun 17, 2024 and has a 0.75% expense ratio.

ETF Info

ISIN
US09290C8148
CUSIP
09290C814
Issuer
iShares
Inception Date
Jun 17, 2024
Region
North America (U.S.)
Category
Large Cap Growth Equities
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Accumulating
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Growth

Share Price Chart

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iShares U.S. Select Equity Active ETF

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in iShares U.S. Select Equity Active ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

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S&P 500 Index

Returns By Period

iShares U.S. Select Equity Active ETF (BELT) has returned -4.10% so far this year and 16.32% over the past 12 months.

iShares U.S. Select Equity Active ETF

1D
3.78%
1M
-6.53%
YTD
-4.10%
6M
-3.12%
1Y
16.32%
3Y*
—
5Y*
—
10Y*
—

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jun 18, 2024, BELT's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, your investment would double in approximately 17.0 years.

Historically, 55% of months were positive and 45% were negative. The best month was May 2025 with a return of +9.5%, while the worst month was Mar 2025 at -7.8%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.

On a daily basis, BELT closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +10.7%, while the worst single day was Apr 4, 2025 at -6.6%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20262.46%0.14%-6.53%-4.10%
20255.21%-4.51%-7.75%1.56%9.50%6.03%1.54%-2.37%2.71%3.82%-0.47%-2.23%12.42%
2024-1.20%-3.76%2.32%1.83%-2.74%4.76%-2.89%-1.97%

Benchmark Metrics

iShares U.S. Select Equity Active ETF has an annualized alpha of -7.67%, beta of 1.19, and R² of 0.88 versus S&P 500 Index. Calculated based on daily prices since June 20, 2024.

  • This ETF participated in 139.35% of S&P 500 Index downside but only 89.55% of its upside — more exposed to losses than it benefited from rallies.
  • This ETF had an annualized alpha of -7.67% versus S&P 500 Index — delivering less than market exposure alone would predict.
Alpha
-7.67%
Beta
1.19
R²
0.88
Upside Capture
89.55%
Downside Capture
139.35%

Expense Ratio

BELT has an expense ratio of 0.75%, placing it in the medium range.

Return for Risk

Risk / Return Rank

BELT ranks 42 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

BELT Risk / Return Rank: 4242
Overall Rank
BELT Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
BELT Sortino Ratio Rank: 4040
Sortino Ratio Rank
BELT Omega Ratio Rank: 3838
Omega Ratio Rank
BELT Calmar Ratio Rank: 4848
Calmar Ratio Rank
BELT Martin Ratio Rank: 4848
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for iShares U.S. Select Equity Active ETF (BELT) and compare them to a chosen benchmark (S&P 500 Index).

BELTBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.71

0.90

-0.19

Sortino ratio

Return per unit of downside risk

1.17

1.39

-0.22

Omega ratio

Gain probability vs. loss probability

1.16

1.21

-0.05

Calmar ratio

Return relative to maximum drawdown

1.27

1.40

-0.13

Martin ratio

Return relative to average drawdown

4.90

6.61

-1.71

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Explore BELT risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

BELT Sortino RatioBELT Sharpe Ratio

Dividends

Dividend History

iShares U.S. Select Equity Active ETF doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the iShares U.S. Select Equity Active ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the iShares U.S. Select Equity Active ETF was 23.05%, occurring on Apr 8, 2025. Recovery took 54 trading sessions.

The current iShares U.S. Select Equity Active ETF drawdown is 8.12%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-23.05%Dec 12, 202479Apr 8, 202554Jun 26, 2025133
-11.47%Oct 30, 2025103Mar 30, 2026———
-10.87%Jul 8, 202421Aug 5, 202449Oct 14, 202470
-3.84%Oct 15, 202413Oct 31, 20245Nov 7, 202418
-3.42%Jul 29, 202525Sep 2, 20259Sep 15, 202534

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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