IALT vs. FARX
IALT (iShares Systematic Alternatives Active ETF) and FARX (Frontier Asset Absolute Return ETF) are both Multistrategy funds. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. IALT charges 0.99%/yr vs 1.00%/yr for FARX.
Performance
IALT vs. FARX - Performance Comparison
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Returns By Period
In the year-to-date period, IALT achieves a 12.03% return, which is significantly higher than FARX's 7.40% return.
IALT
- 1D
- -0.32%
- 1M
- 0.62%
- YTD
- 12.03%
- 6M
- 12.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FARX
- 1D
- -0.76%
- 1M
- -1.54%
- YTD
- 7.40%
- 6M
- 6.75%
- 1Y
- 16.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IALT vs. FARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IALT iShares Systematic Alternatives Active ETF | 12.03% | 0.83% |
FARX Frontier Asset Absolute Return ETF | 7.40% | 1.07% |
Correlation
The correlation between IALT and FARX is 0.55, 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 Dec 10, 2025 | 0.55 |
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Return for Risk
IALT vs. FARX — Risk / Return Rank
IALT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FARX
IALT vs. FARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Systematic Alternatives Active ETF (IALT) and Frontier Asset Absolute Return ETF (FARX). 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.
| IALT | FARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.45 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.06 | — |
| Martin ratioReturn relative to average drawdown | — | 18.41 | — |
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Drawdowns
IALT vs. FARX - Drawdown Comparison
The maximum IALT drawdown since its inception was -2.27%, smaller than the maximum FARX drawdown of -5.83%. Use the drawdown chart below to compare losses from any high point for IALT and FARX.
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Drawdown Indicators
| IALT | FARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.27% | -5.83% | +3.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.80% | — |
Current DrawdownCurrent decline from peak | -1.05% | -2.30% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -1.05% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.92% | — |
Volatility
IALT vs. FARX - Volatility Comparison
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Volatility by Period
| IALT | FARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.33% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.85% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.80% | 7.28% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.80% | 7.04% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.80% | 7.04% | +0.76% |
IALT vs. FARX - Expense Ratio Comparison
IALT has a 0.99% expense ratio, which is lower than FARX's 1.00% expense ratio.
Dividends
IALT vs. FARX - Dividend Comparison
IALT's dividend yield for the trailing twelve months is around 0.40%, less than FARX's 2.95% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FARX Frontier Asset Absolute Return ETF | 2.95% | 3.25% | 0.19% |
IALT iShares Systematic Alternatives Active ETF | 0.40% | 0.14% | 0.00% |
Frequently Asked Questions
IALT and FARX have a correlation of 0.55, 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 2.95%, compared with 0.40% for IALT.
They also come from different issuers: iShares and Frontier. Their fees differ too: 0.99% for IALT and 1.00% for FARX.
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