BPRO vs. IALT

Last updated Jul 1, 2026

BPRO (Bitwise Proficio Currency Debasement ETF) and IALT (iShares Systematic Alternatives Active ETF) are both Multistrategy funds. Both are actively managed. At a 0.47 correlation, their price movements are largely independent.

Performance

BPRO vs. IALT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Proficio Currency Debasement ETF (BPRO) and iShares Systematic Alternatives Active ETF (IALT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BPRO

• 1D: 0.08%
• 1M: -13.53%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IALT

• 1D: -0.21%
• 1M: -0.22%
• YTD: 11.16%
• 6M: 11.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BPRO vs. IALT - Yearly Performance Comparison

	2026 (YTD)
BPRO Bitwise Proficio Currency Debasement ETF	-24.12%
IALT iShares Systematic Alternatives Active ETF	8.67%

Correlation

The correlation between BPRO and IALT is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.47

Return for Risk

BPRO vs. IALT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Proficio Currency Debasement ETF (BPRO) and iShares Systematic Alternatives Active ETF (IALT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

BPRO vs. IALT - Drawdown Comparison

The maximum BPRO drawdown since its inception was -34.80%, which is greater than IALT's maximum drawdown of -2.27%. Use the drawdown chart below to compare losses from any high point for BPRO and IALT.

Drawdown Indicators

	BPRO	IALT	Difference
Max Drawdown Largest peak-to-trough decline	-34.80%	-2.27%	-32.53%
Current Drawdown Current decline from peak	-34.24%	-1.82%	-32.42%
Average Drawdown Average peak-to-trough decline	-20.64%	-0.44%	-20.20%

Volatility

Volatility by Period

	BPRO	IALT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	45.13%	7.76%	+37.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.13%	7.76%	+37.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.13%	7.76%	+37.37%

Dividends

BPRO vs. IALT - Dividend Comparison

BPRO has not paid dividends to shareholders, while IALT's dividend yield for the trailing twelve months is around 0.40%.

Position	TTM	2025
BPRO Bitwise Proficio Currency Debasement ETF	0.00%	0.00%
IALT iShares Systematic Alternatives Active ETF	0.40%	0.14%

Frequently Asked Questions

Can I hold both BPRO and IALT in my portfolio?

BPRO and IALT have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, BPRO or IALT?

IALT has the higher dividend yield at 0.40%, compared with 0.00% for BPRO.

What is the main difference between BPRO and IALT?

They also come from different issuers: Bitwise and iShares.