DINE vs. IALT

Last updated Jul 1, 2026

DINE (Simplify Tax Aware Diversified Income Strategy ETF) and IALT (iShares Systematic Alternatives Active ETF) are both Multistrategy funds. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. DINE charges 0.15%/yr vs 0.99%/yr for IALT.

Performance

DINE vs. IALT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Tax Aware Diversified Income Strategy ETF (DINE) and iShares Systematic Alternatives Active ETF (IALT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DINE

• 1D: 0.10%
• 1M: 0.87%
• 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)

DINE vs. IALT - Yearly Performance Comparison

	2026 (YTD)
DINE Simplify Tax Aware Diversified Income Strategy ETF	1.68%
IALT iShares Systematic Alternatives Active ETF	0.46%

Correlation

The correlation between DINE and IALT is 0.49, 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 May 5, 2026	0.49

Return for Risk

DINE vs. IALT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Tax Aware Diversified Income Strategy ETF (DINE) 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

DINE vs. IALT - Drawdown Comparison

The maximum DINE drawdown since its inception was -1.23%, smaller than the maximum IALT drawdown of -2.27%. Use the drawdown chart below to compare losses from any high point for DINE and IALT.

Drawdown Indicators

	DINE	IALT	Difference
Max Drawdown Largest peak-to-trough decline	-1.23%	-2.27%	+1.04%
Current Drawdown Current decline from peak	0.00%	-1.82%	+1.82%
Average Drawdown Average peak-to-trough decline	-0.25%	-0.44%	+0.19%

Volatility

Volatility by Period

	DINE	IALT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.28%	7.76%	-3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.28%	7.76%	-3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.28%	7.76%	-3.48%

DINE vs. IALT - Expense Ratio Comparison

DINE has a 0.15% expense ratio, which is lower than IALT's 0.99% expense ratio.

Dividends

DINE vs. IALT - Dividend Comparison

DINE's dividend yield for the trailing twelve months is around 0.20%, less than IALT's 0.40% yield.

Position	TTM	2025
DINE Simplify Tax Aware Diversified Income Strategy ETF	0.20%	0.00%
IALT iShares Systematic Alternatives Active ETF	0.40%	0.14%

Frequently Asked Questions

Can I hold both DINE and IALT in my portfolio?

DINE and IALT have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DINE or IALT?

On fees, DINE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DINE or IALT?

DINE is cheaper with a 0.15% expense ratio, compared with 0.99% for IALT.

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

IALT has the higher dividend yield at 0.40%, compared with 0.20% for DINE.

What is the main difference between DINE and IALT?

They also come from different issuers: Simplify and iShares. Their fees differ too: 0.15% for DINE and 0.99% for IALT.