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 0.51 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 13.14% return, which is significantly higher than FARX's 9.60% return.
IALT
- 1D
- -0.07%
- 1M
- 2.25%
- YTD
- 13.14%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FARX
- 1D
- -0.14%
- 1M
- 1.27%
- YTD
- 9.60%
- 6M
- 10.73%
- 1Y
- 20.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IALT vs. FARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IALT iShares Systematic Alternatives Active ETF | 13.14% | 0.73% |
FARX Frontier Asset Absolute Return ETF | 9.60% | 0.52% |
Correlation
The correlation between IALT and FARX is 0.51, 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 11, 2025 | 0.51 |
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Return for Risk
IALT vs. FARX — Risk / Return Rank
IALT
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| IALT | FARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.28 | 2.12 | +2.17 |
Drawdowns
IALT vs. FARX - Drawdown Comparison
The maximum IALT drawdown since its inception was -1.47%, 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 | -1.47% | -5.83% | +4.36% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.80% | — |
Current DrawdownCurrent decline from peak | -0.07% | -0.30% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -0.32% | -1.02% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.81% | — |
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 | — | 1.42% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.48% | 6.96% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 6.94% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.48% | 6.94% | +0.54% |
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 0.12%, less than FARX's 2.89% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FARX Frontier Asset Absolute Return ETF | 2.89% | 3.25% | 0.19% |
IALT iShares Systematic Alternatives Active ETF | 0.12% | 0.14% | 0.00% |
Frequently Asked Questions
IALT and FARX have a correlation of 0.51, 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 2.89%, compared with 0.12% 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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