IALT vs. DINE

Last updated Jul 15, 2026

IALT (iShares Systematic Alternatives Active ETF) and DINE (Simplify Tax Aware Diversified Income Strategy ETF) are both Multistrategy funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. IALT charges 0.99%/yr vs 0.15%/yr for DINE.

Performance

IALT vs. DINE - Performance Comparison

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

Returns By Period

IALT

• 1D: 0.46%
• 1M: 0.35%
• 6M: 10.37%
• YTD: 12.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DINE

• 1D: 0.24%
• 1M: 0.75%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IALT vs. DINE - Yearly Performance Comparison

	2026 (YTD)
IALT iShares Systematic Alternatives Active ETF	2.03%
DINE Simplify Tax Aware Diversified Income Strategy ETF	1.34%

Correlation

The correlation between IALT and DINE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.52

Return for Risk

IALT vs. DINE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Systematic Alternatives Active ETF (IALT) and Simplify Tax Aware Diversified Income Strategy ETF (DINE). 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

IALT vs. DINE - Drawdown Comparison

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

Drawdown Indicators

	IALT	DINE	Difference
Max Drawdown Largest peak-to-trough decline	-2.27%	-1.23%	-1.04%
Current Drawdown Current decline from peak	-0.28%	-0.43%	+0.15%
Average Drawdown Average peak-to-trough decline	-0.48%	-0.27%	-0.21%

Volatility

Volatility by Period

	IALT	DINE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.79%	4.27%	+3.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.79%	4.27%	+3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.79%	4.27%	+3.52%

IALT vs. DINE - Expense Ratio Comparison

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

Dividends

IALT vs. DINE - Dividend Comparison

IALT's dividend yield for the trailing twelve months is around 0.40%, more than DINE's 0.20% 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 IALT and DINE in my portfolio?

IALT and DINE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IALT or DINE?

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, IALT or DINE?

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

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

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

What is the main difference between IALT and DINE?

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