FARX vs. IALT
FARX (Frontier Asset Absolute Return ETF) and IALT (iShares Systematic Alternatives Active ETF) are both Multistrategy funds. Both are actively managed. Their 0.53 correlation means they have sometimes moved together and sometimes differently. FARX charges 1.00%/yr vs 0.99%/yr for IALT.
Performance
FARX vs. IALT - Performance Comparison
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Returns By Period
In the year-to-date period, FARX achieves a 8.85% return, which is significantly lower than IALT's 13.61% return.
FARX
- 1D
- 0.26%
- 1M
- 1.45%
- 6M
- 5.21%
- YTD
- 8.85%
- 1Y
- 18.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.25%
IALT
- 1D
- 0.14%
- 1M
- 2.17%
- 6M
- 10.96%
- YTD
- 13.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.77K | $28.36K | $41.16K | |
| $39.70M | $35.42M | $112.35M |
FARX vs. IALT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FARX Frontier Asset Absolute Return ETF | 8.85% | 1.07% |
IALT iShares Systematic Alternatives Active ETF | 13.61% | 0.83% |
Correlation
The correlation between FARX and IALT is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025 | 0.53 |
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Return for Risk
FARX vs. IALT — Risk / Return Rank
FARX
IALT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FARX vs. IALT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Frontier Asset Absolute Return ETF (FARX) 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.
| FARX | IALT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.48 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.04 | — | — |
| Martin ratioReturn relative to average drawdown | 18.24 | — | — |
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Drawdowns
FARX vs. IALT - Drawdown Comparison
The maximum FARX drawdown since its inception was -5.83%, which is greater than IALT's maximum drawdown of -2.27%. Use the drawdown chart below to compare losses from any high point for FARX and IALT.
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Drawdown Indicators
| FARX | IALT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.83% | -2.27% | -3.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | — | — |
Current DrawdownCurrent decline from peak | -0.99% | -0.76% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -0.49% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | — | — |
Volatility
FARX vs. IALT - Volatility Comparison
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Volatility by Period
| FARX | IALT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.60% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.36% | 8.03% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.99% | 8.03% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.99% | 8.03% | -1.04% |
FARX vs. IALT - Expense Ratio Comparison
FARX has a 1.00% expense ratio, which is higher than IALT's 0.99% expense ratio.
Dividends
FARX vs. IALT - Dividend Comparison
FARX's dividend yield for the trailing twelve months is around 2.87%, more than IALT's 0.40% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FARX Frontier Asset Absolute Return ETF | 2.87% | 3.25% | 0.19% |
IALT iShares Systematic Alternatives Active ETF | 0.40% | 0.14% | 0.00% |
Frequently Asked Questions
FARX and IALT have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IALT is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IALT is cheaper with a 0.99% expense ratio, compared with 1.00% for FARX.
FARX has the higher dividend yield at 2.87%, compared with 0.40% for IALT.
They also come from different issuers: Frontier and iShares. Their fees differ too: 1.00% for FARX and 0.99% for IALT.
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