DYMIX vs. IALT

Last updated Jun 9, 2026

DYMIX (Dynamic Alpha Macro Fund Institutional) and IALT (iShares Systematic Alternatives Active ETF) are both funds - DYMIX is a Macro Trading fund actively managed by Dynamic Alpha Funds, while IALT is a Multistrategy fund actively managed by iShares. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. DYMIX charges 1.98%/yr vs 0.99%/yr for IALT.

Performance

DYMIX vs. IALT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dynamic Alpha Macro Fund Institutional (DYMIX) and iShares Systematic Alternatives Active ETF (IALT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DYMIX achieves a 4.83% return, which is significantly lower than IALT's 11.72% return.

DYMIX

• 1D: -2.19%
• 1M: -2.72%
• YTD: 4.83%
• 6M: 8.89%
• 1Y: 26.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IALT

• 1D: -0.11%
• 1M: 0.86%
• YTD: 11.72%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DYMIX vs. IALT - Yearly Performance Comparison

	2026 (YTD)	2025
DYMIX Dynamic Alpha Macro Fund Institutional	4.83%	3.36%
IALT iShares Systematic Alternatives Active ETF	11.72%	0.73%

Correlation

The correlation between DYMIX and IALT is 0.27, 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 Dec 11, 2025	0.27

Return for Risk

DYMIX vs. IALT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DYMIX

DYMIX Risk / Return Rank: 32
DYMIX Sharpe Ratio Rank: 37
DYMIX Sortino Ratio Rank: 34
DYMIX Omega Ratio Rank: 36
DYMIX Calmar Ratio Rank: 32
DYMIX Martin Ratio Rank: 19

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.

DYMIX vs. IALT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Alpha Macro Fund Institutional (DYMIX) 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.

	DYMIX	IALT	Difference
Sharpe ratio: Return per unit of total volatility	1.64	—	—
Sortino ratio: Return per unit of downside risk	2.25	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	1.96	—	—
Martin ratio: Return relative to average drawdown	4.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DYMIX	IALT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	3.64	-2.02

Drawdowns

DYMIX vs. IALT - Drawdown Comparison

The maximum DYMIX drawdown since its inception was -12.95%, which is greater than IALT's maximum drawdown of -1.47%. Use the drawdown chart below to compare losses from any high point for DYMIX and IALT.

Drawdown Indicators

	DYMIX	IALT	Difference
Max Drawdown Largest peak-to-trough decline	-12.95%	-1.47%	-11.48%
Max Drawdown (1Y) Largest decline over 1 year	-12.95%	—	—
Current Drawdown Current decline from peak	-11.66%	-1.33%	-10.33%
Average Drawdown Average peak-to-trough decline	-3.79%	-0.33%	-3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.70%	—	—

Volatility

Volatility by Period

	DYMIX	IALT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.50%	7.62%	+7.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.47%	7.62%	+6.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.47%	7.62%	+6.85%

DYMIX vs. IALT - Expense Ratio Comparison

DYMIX has a 1.98% expense ratio, which is higher than IALT's 0.99% expense ratio.

Dividends

DYMIX vs. IALT - Dividend Comparison

DYMIX's dividend yield for the trailing twelve months is around 6.51%, more than IALT's 0.12% yield.

Position	TTM	2025	2024	2023
DYMIX Dynamic Alpha Macro Fund Institutional	6.51%	6.82%	7.12%	0.42%
IALT iShares Systematic Alternatives Active ETF	0.12%	0.14%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DYMIX and IALT in my portfolio?

DYMIX and IALT have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.