IALT vs. HOLD

Last updated Jun 24, 2026

IALT (iShares Systematic Alternatives Active ETF) and HOLD (Harbor Alpha Layering ETF) are both Multistrategy funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. IALT charges 0.99%/yr vs 0.70%/yr for HOLD.

Performance

IALT vs. HOLD - Performance Comparison

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

Returns By Period

In the year-to-date period, IALT achieves a 12.03% return, which is significantly higher than HOLD's 6.36% return.

IALT

• 1D: -0.32%
• 1M: 0.62%
• YTD: 12.03%
• 6M: 12.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOLD

• 1D: -2.13%
• 1M: -5.65%
• YTD: 6.36%
• 6M: 4.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IALT vs. HOLD - Yearly Performance Comparison

	2026 (YTD)	2025
IALT iShares Systematic Alternatives Active ETF	12.03%	0.83%
HOLD Harbor Alpha Layering ETF	6.36%	0.26%

Correlation

The correlation between IALT and HOLD is 0.48, 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 10, 2025	0.48

Return for Risk

IALT vs. HOLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Systematic Alternatives Active ETF (IALT) and Harbor Alpha Layering ETF (HOLD). 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. HOLD - Drawdown Comparison

The maximum IALT drawdown since its inception was -2.27%, smaller than the maximum HOLD drawdown of -9.47%. Use the drawdown chart below to compare losses from any high point for IALT and HOLD.

Drawdown Indicators

	IALT	HOLD	Difference
Max Drawdown Largest peak-to-trough decline	-2.27%	-9.47%	+7.20%
Current Drawdown Current decline from peak	-1.05%	-6.74%	+5.69%
Average Drawdown Average peak-to-trough decline	-0.39%	-2.07%	+1.68%

Volatility

Volatility by Period

	IALT	HOLD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.80%	15.54%	-7.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.80%	15.54%	-7.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.80%	15.54%	-7.74%

IALT vs. HOLD - Expense Ratio Comparison

IALT has a 0.99% expense ratio, which is higher than HOLD's 0.70% expense ratio.

Dividends

IALT vs. HOLD - Dividend Comparison

IALT's dividend yield for the trailing twelve months is around 0.40%, less than HOLD's 6.88% yield.

Position	TTM	2025
HOLD Harbor Alpha Layering ETF	6.88%	7.32%
IALT iShares Systematic Alternatives Active ETF	0.40%	0.14%

Frequently Asked Questions

Can I hold both IALT and HOLD in my portfolio?

IALT and HOLD have a correlation of 0.48, 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 HOLD?

On fees, HOLD is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IALT or HOLD?

HOLD is cheaper with a 0.70% expense ratio, compared with 0.99% for IALT.

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

HOLD has the higher dividend yield at 6.88%, compared with 0.40% for IALT.

What is the main difference between IALT and HOLD?

They also come from different issuers: iShares and Harbor. Their fees differ too: 0.99% for IALT and 0.70% for HOLD.