ALTY vs. RLY
ALTY (Global X Alternative Income ETF) and RLY (State Street Multi-Asset Real Return ETF) are both Global Allocation funds - ALTY tracks the Indxx SuperDividend Alternatives Index while RLY tracks the Bloomberg U.S. Government Inflation-Linked Bond Index. Both are passively managed. Over the past 10 years, ALTY returned 5.63%/yr vs 8.27%/yr for RLY. Their 0.56 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.50% expense ratio.
Performance
ALTY vs. RLY - Performance Comparison
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Returns By Period
In the year-to-date period, ALTY achieves a 7.43% return, which is significantly lower than RLY's 15.77% return. Over the past 10 years, ALTY has underperformed RLY with an annualized return of 5.63%, while RLY has yielded a comparatively higher 8.27% annualized return.
ALTY
- 1D
- -0.06%
- 1M
- 0.20%
- 6M
- 4.38%
- YTD
- 7.43%
- 1Y
- 14.09%
- 3Y*
- 10.77%
- 5Y*
- 5.56%
- 10Y*
- 5.63%
- ALL TIME*
- 6.19%
RLY
- 1D
- -0.46%
- 1M
- 4.07%
- 6M
- 7.44%
- YTD
- 15.77%
- 1Y
- 27.64%
- 3Y*
- 12.72%
- 5Y*
- 10.48%
- 10Y*
- 8.27%
- ALL TIME*
- 4.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $136.24K | $196.63K | $163.35K | |
| $4.60M | $7.84M | $7.75M |
ALTY vs. RLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.43% | 11.07% | 10.88% | 10.58% | -11.92% | 23.08% | -12.82% | 21.44% | -6.18% | 10.82% |
RLY State Street Multi-Asset Real Return ETF | 15.77% | 20.26% | 2.53% | 2.56% | 7.86% | 22.85% | -0.59% | 15.63% | -11.72% | 10.40% |
Correlation
The correlation between ALTY and RLY is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2015 | 0.56 |
The correlation between ALTY and RLY has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
ALTY vs. RLY — Risk / Return Rank
ALTY
RLY
ALTY vs. RLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Alternative Income ETF (ALTY) and State Street Multi-Asset Real Return ETF (RLY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALTY | RLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.48 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 3.66 | -0.46 |
| Martin ratioReturn relative to average drawdown | 14.62 | 12.77 | +1.86 |
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Drawdowns
ALTY vs. RLY - Drawdown Comparison
The maximum ALTY drawdown since its inception was -51.47%, which is greater than RLY's maximum drawdown of -37.75%. Use the drawdown chart below to compare losses from any high point for ALTY and RLY.
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Drawdown Indicators
| ALTY | RLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -37.75% | -13.72% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -7.54% | +3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -10.08% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -18.48% | -18.94% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -51.47% | -34.17% | -17.30% |
Current DrawdownCurrent decline from peak | -0.88% | -2.74% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -9.40% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.16% | -1.21% |
Volatility
ALTY vs. RLY - Volatility Comparison
The current volatility for Global X Alternative Income ETF (ALTY) is 1.47%, while State Street Multi-Asset Real Return ETF (RLY) has a volatility of 2.68%. This indicates that ALTY experiences smaller price fluctuations and is considered to be less risky than RLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALTY | RLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 2.68% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 8.44% | -3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 10.60% | -4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.47% | 13.46% | -2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.49% | 13.80% | +2.69% |
ALTY vs. RLY - Expense Ratio Comparison
Both ALTY and RLY have an expense ratio of 0.50%.
Dividends
ALTY vs. RLY - Dividend Comparison
ALTY's dividend yield for the trailing twelve months is around 7.48%, more than RLY's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.48% | 7.50% | 7.88% | 7.31% | 7.66% | 6.88% | 9.20% | 8.74% | 8.49% | 7.52% | 8.20% | 4.21% |
RLY State Street Multi-Asset Real Return ETF | 3.06% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
Frequently Asked Questions
ALTY and RLY have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RLY has higher volatility (2.68%) compared to ALTY (1.47%). In terms of maximum drawdown, ALTY dropped -51.47% vs RLY's -37.75%.
On 10-year performance, RLY leads with 8.27% vs 5.63% for ALTY. Both ETFs have the same 0.50% expense ratio. On volatility, ALTY has been the lower-risk option at 1.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RLY has performed better with a 8.27% return vs 5.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ALTY and RLY have the same expense ratio: 0.50% per year.
ALTY has the higher dividend yield at 7.48%, compared with 3.06% for RLY.
ALTY tracks Indxx SuperDividend Alternatives Index, while RLY tracks Bloomberg U.S. Government Inflation-Linked Bond Index. They also come from different issuers: Global X and State Street.
RLY currently has the higher Sharpe Ratio (2.61 vs 2.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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