IALT vs. MOOD

Last updated Aug 1, 2026

IALT (iShares Systematic Alternatives Active ETF) and MOOD (Relative Sentiment Tactical Allocation ETF) are both exchange-traded funds - IALT is a Multistrategy fund actively managed by iShares, while MOOD is a Tactical Allocation fund actively managed by Alpha Architect. Both are actively managed. Their 0.51 correlation means they have sometimes moved together and sometimes differently. IALT charges 0.99%/yr vs 0.73%/yr for MOOD.

Performance

IALT vs. MOOD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Systematic Alternatives Active ETF (IALT) and Relative Sentiment Tactical Allocation ETF (MOOD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with IALT having a 13.61% return and MOOD slightly lower at 13.27%.

IALT

• 1D: 0.14%
• 1M: 2.17%
• 6M: 10.96%
• YTD: 13.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MOOD

• 1D: 0.04%
• 1M: 0.15%
• 6M: 5.83%
• YTD: 13.27%
• 1Y: 31.25%
• 3Y*: 19.14%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IALT iShares Systematic Alternatives Active ETF	$39.70M	$35.42M	$112.35M
MOOD Relative Sentiment Tactical Allocation ETF	$594.91K	$566.29K	$735.34K

IALT vs. MOOD - Yearly Performance Comparison

	2026 (YTD)	2025
IALT iShares Systematic Alternatives Active ETF	13.61%	0.83%
MOOD Relative Sentiment Tactical Allocation ETF	13.27%	1.74%

Correlation

The correlation between IALT and MOOD is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025	0.51

Return for Risk

IALT vs. MOOD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IALT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MOOD

MOOD Risk / Return Rank: 84
MOOD Sharpe Ratio Rank: 89
MOOD Sortino Ratio Rank: 80
MOOD Omega Ratio Rank: 90
MOOD Calmar Ratio Rank: 85
MOOD Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IALT vs. MOOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Systematic Alternatives Active ETF (IALT) and Relative Sentiment Tactical Allocation ETF (MOOD). 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	MOOD	Difference
Sharpe ratio: Return per unit of total volatility	—	2.14	—
Sortino ratio: Return per unit of downside risk	—	2.57	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	3.23	—
Martin ratio: Return relative to average drawdown	—	9.79	—

Drawdowns

IALT vs. MOOD - Drawdown Comparison

The maximum IALT drawdown since its inception was -2.27%, smaller than the maximum MOOD drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for IALT and MOOD.

Drawdown Indicators

	IALT	MOOD	Difference
Max Drawdown Largest peak-to-trough decline	-2.27%	-14.34%	+12.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.71%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.71%	—
Current Drawdown Current decline from peak	-0.76%	-2.08%	+1.32%
Average Drawdown Average peak-to-trough decline	-0.49%	-2.30%	+1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.20%	—

Volatility

Volatility by Period

	IALT	MOOD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.03%	14.69%	-6.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.03%	12.09%	-4.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.03%	12.09%	-4.06%

IALT vs. MOOD - Expense Ratio Comparison

IALT has a 0.99% expense ratio, which is higher than MOOD's 0.73% expense ratio.

Dividends

IALT vs. MOOD - Dividend Comparison

IALT's dividend yield for the trailing twelve months is around 0.40%, more than MOOD's 0.36% yield.

Position	TTM	2025	2024	2023	2022
IALT iShares Systematic Alternatives Active ETF	0.40%	0.14%	0.00%	0.00%	0.00%
MOOD Relative Sentiment Tactical Allocation ETF	0.36%	0.40%	1.33%	1.34%	1.43%

Frequently Asked Questions

Can I hold both IALT and MOOD in my portfolio?

IALT and MOOD 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.

Which ETF is better, IALT or MOOD?

On fees, MOOD is cheaper at 0.73% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IALT or MOOD?

MOOD is cheaper with a 0.73% expense ratio, compared with 0.99% for IALT.

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

IALT has the higher dividend yield at 0.40%, compared with 0.36% for MOOD.

What is the main difference between IALT and MOOD?

IALT is categorized as Multistrategy, while MOOD is Tactical Allocation. They also come from different issuers: iShares and Alpha Architect. Their fees differ too: 0.99% for IALT and 0.73% for MOOD.