IALT vs. IBIT
IALT (iShares Systematic Alternatives Active ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IALT is a Multistrategy fund actively managed by iShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. IALT is actively managed, while IBIT is passively managed. At a 0.28 correlation, their price movements are largely independent. IALT charges 0.99%/yr vs 0.25%/yr for IBIT.
Performance
IALT vs. IBIT - 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 IBIT's -25.48% return.
IALT
- 1D
- -0.07%
- 1M
- 2.25%
- YTD
- 13.14%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IALT vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IALT iShares Systematic Alternatives Active ETF | 13.14% | 0.73% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -5.41% |
Correlation
The correlation between IALT and IBIT is 0.28, 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 11, 2025 | 0.28 |
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Return for Risk
IALT vs. IBIT — Risk / Return Rank
IALT
IBIT
IALT vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Systematic Alternatives Active ETF (IALT) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.28 | 0.30 | +3.99 |
Drawdowns
IALT vs. IBIT - Drawdown Comparison
The maximum IALT drawdown since its inception was -1.47%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IALT and IBIT.
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Drawdown Indicators
| IALT | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.47% | -49.36% | +47.89% |
Max Drawdown (1Y)Largest decline over 1 year | — | -49.36% | — |
Current DrawdownCurrent decline from peak | -0.07% | -48.10% | +48.03% |
Average DrawdownAverage peak-to-trough decline | -0.32% | -16.02% | +15.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 28.44% | — |
Volatility
IALT vs. IBIT - Volatility Comparison
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Volatility by Period
| IALT | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.50% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.44% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.48% | 43.73% | -36.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 50.19% | -42.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.48% | 50.19% | -42.71% |
IALT vs. IBIT - Expense Ratio Comparison
IALT has a 0.99% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IALT vs. IBIT - Dividend Comparison
IALT's dividend yield for the trailing twelve months is around 0.12%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
IALT iShares Systematic Alternatives Active ETF | 0.12% | 0.14% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% |
Frequently Asked Questions
IALT and IBIT have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBIT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.99% for IALT.
IALT has the higher dividend yield at 0.12%, compared with 0.00% for IBIT.
IALT is categorized as Multistrategy, while IBIT is Cryptocurrency. Their fees differ too: 0.99% for IALT and 0.25% for IBIT.
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