iShares Systematic Alternatives Active ETF (IALT) belongs to the Multistrategy category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with IALT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IALT
IALT charges 0.99% annually. There are 4 ETFs in the Multistrategy category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Twin Oak Short Horizon Absolute Return ETF | 0.25% | 43.96M | Aug 2024 | IALT vs TOAK | |
| Harbor Alpha Layering ETF | 0.70% | 8.19M | Aug 2025 | IALT vs HOLD | |
| SEI DBi Multi-Strategy Alternative ETF | 0.80% | 191.55M | Sep 2025 | IALT vs QALT | |
| Return Stacked Bonds & Futures Yield ETF | 0.98% | 91.83M | Aug 2024 | IALT vs RSBY | |
| Simplify Multi-Qis Alternative ETF | 1.00% | 41.28M | Jul 2023 | IALT vs QIS |
Best Risk-Adjusted Alternatives to IALT
Among 6 ETFs in the Multistrategy category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 84.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Frontier Asset Absolute Return ETF | 84 | 11.67M | Dec 2024 | IALT vs FARX | |
| DGA Core Plus Absolute Return ETF | 69 | 19.61M | Aug 2023 | IALT vs HF | |
| Unlimited HFND Multi-Strategy Return Tracker ETF | 64 | 33.60M | Oct 2022 | IALT vs HFND | |
| Twin Oak Short Horizon Absolute Return ETF | 52 | 43.96M | Aug 2024 | IALT vs TOAK | |
| Return Stacked Bonds & Futures Yield ETF | 40 | 91.83M | Aug 2024 | IALT vs RSBY |
Top Performing IALT Alternatives (YTD)
IALT is at 12.03% YTD. There is 1 ETF in the Multistrategy category with a higher YTD return, going as high as 18.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked Bonds & Futures Yield ETF | 18.82% | 91.83M | Aug 2024 | IALT vs RSBY | |
| Unlimited HFND Multi-Strategy Return Tracker ETF | 8.16% | 33.60M | Oct 2022 | IALT vs HFND | |
| Frontier Asset Absolute Return ETF | 7.40% | 11.67M | Dec 2024 | IALT vs FARX | |
| SEI DBi Multi-Strategy Alternative ETF | 6.57% | 191.55M | Sep 2025 | IALT vs QALT | |
| Harbor Alpha Layering ETF | 6.36% | 8.19M | Aug 2025 | IALT vs HOLD |
Lowest Volatility Alternatives to IALT
IALT has 7.80% 1-year volatility. There are 3 ETFs in the Multistrategy category with lower 1-year volatility, going as low as 2.91%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Twin Oak Short Horizon Absolute Return ETF | 2.91% | 43.96M | Aug 2024 | IALT vs TOAK | |
| DGA Core Plus Absolute Return ETF | 5.69% | 19.61M | Aug 2023 | IALT vs HF | |
| Frontier Asset Absolute Return ETF | 7.28% | 11.67M | Dec 2024 | IALT vs FARX | |
| Unlimited HFND Multi-Strategy Return Tracker ETF | 9.82% | 33.60M | Oct 2022 | IALT vs HFND | |
| Return Stacked Bonds & Futures Yield ETF | 11.32% | 91.83M | Aug 2024 | IALT vs RSBY |
Lowest Drawdown Alternatives to IALT
Among 6 ETFs in the Multistrategy category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.81%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Twin Oak Short Horizon Absolute Return ETF | -1.81% | 43.96M | Aug 2024 | IALT vs TOAK | |
| Frontier Asset Absolute Return ETF | -2.80% | 11.67M | Dec 2024 | IALT vs FARX | |
| DGA Core Plus Absolute Return ETF | -3.14% | 19.61M | Aug 2023 | IALT vs HF | |
| Unlimited HFND Multi-Strategy Return Tracker ETF | -4.94% | 33.60M | Oct 2022 | IALT vs HFND | |
| Return Stacked Bonds & Futures Yield ETF | -7.95% | 91.83M | Aug 2024 | IALT vs RSBY |
Other ETFs from iShares
The 10 most viewed iShares ETFs shown here include SGOV, IBIT, IVV and span 14 categories. AUM among these funds goes as high as $838B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 1.71% | 95.28B | May 2020 | IALT vs SGOV | |
| iShares Bitcoin Trust ETF | Cryptocurrency | 2 | -28.88% | 48.04B | Jan 2024 | IALT vs IBIT | |
| iShares Core S&P 500 ETF | S&P 500 | 59 | 8.20% | 837.93B | May 2000 | IALT vs IVV | |
| iShares Semiconductor ETF | Semiconductors, Technology Equities | 95 | 100.58% | 46.67B | Jul 2001 | IALT vs SOXX | |
| iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 14 | 0.77% | 41.34B | Jul 2002 | IALT vs TLT | |
| iShares Core Dividend Growth ETF | Large Cap Growth Equities, Dividend | 75 | 9.19% | 41.89B | Jun 2014 | IALT vs DGRO | |
| iShares Silver Trust | Silver, Precious Metals | 31 | -13.49% | 32.53B | Apr 2006 | IALT vs SLV | |
| iShares Gold Trust | Gold, Precious Metals | 22 | -4.73% | 64.29B | Jan 2005 | IALT vs IAU | |
| iShares Russell 2000 ETF | Small Cap Blend Equities | 67 | 20.47% | 81.35B | May 2000 | IALT vs IWM | |
| iShares MSCI ACWI ETF | Global Equities | 58 | 9.86% | 32.95B | Mar 2008 | IALT vs ACWI |
Often Compared With IALT
Investors most often compare IALT with ALLW, BDMAX, ISMF. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare IALT with Any Fund or Stock
Compare IALT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair IALT with funds that move differently
iShares Systematic Alternatives Active ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IALT.
Explore IALT Diversifiers