INEQ vs. ALTY
INEQ (Columbia International Equity Income ETF) and ALTY (Global X Alternative Income ETF) are both exchange-traded funds - INEQ is a Dividend fund actively managed by Columbia, while ALTY is a Global Allocation fund tracking the Indxx SuperDividend Alternatives Index. INEQ is actively managed, while ALTY is passively managed. Over the past 10 years, INEQ returned 9.92%/yr vs 5.63%/yr for ALTY. Their 0.54 correlation means they have sometimes moved together and sometimes differently. INEQ charges 0.45%/yr vs 0.50%/yr for ALTY.
Performance
INEQ vs. ALTY - Performance Comparison
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Returns By Period
In the year-to-date period, INEQ achieves a 12.10% return, which is significantly higher than ALTY's 7.43% return. Over the past 10 years, INEQ has outperformed ALTY with an annualized return of 9.92%, while ALTY has yielded a comparatively lower 5.63% annualized return.
INEQ
- 1D
- -0.61%
- 1M
- 4.84%
- 6M
- 7.09%
- YTD
- 12.10%
- 1Y
- 28.80%
- 3Y*
- 20.29%
- 5Y*
- 13.46%
- 10Y*
- 9.92%
- ALL TIME*
- 10.16%
ALTY
- 1D
- -0.06%
- 1M
- 0.20%
- 6M
- 4.38%
- YTD
- 7.43%
- 1Y
- 14.09%
- 3Y*
- 10.77%
- 5Y*
- 5.56%
- 10Y*
- 5.63%
- ALL TIME*
- 6.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $136.24K | $196.63K | $163.35K | |
| $606.92K | $766.57K | $703.44K |
INEQ vs. ALTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INEQ Columbia International Equity Income ETF | 12.10% | 39.85% | 6.02% | 20.88% | -5.95% | 10.18% | -0.52% | 15.83% | -18.30% | 24.88% |
ALTY Global X Alternative Income ETF | 7.43% | 11.07% | 10.88% | 10.58% | -11.92% | 23.08% | -12.82% | 21.44% | -6.18% | 10.82% |
Correlation
The correlation between INEQ and ALTY is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2016 | 0.54 |
The correlation between INEQ and ALTY has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
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Return for Risk
INEQ vs. ALTY — Risk / Return Rank
INEQ
ALTY
INEQ vs. ALTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia International Equity Income ETF (INEQ) and Global X Alternative Income ETF (ALTY). 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.
| INEQ | ALTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.44 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 3.19 | -0.19 |
| Martin ratioReturn relative to average drawdown | 9.69 | 14.62 | -4.93 |
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Drawdowns
INEQ vs. ALTY - Drawdown Comparison
The maximum INEQ drawdown since its inception was -41.71%, smaller than the maximum ALTY drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for INEQ and ALTY.
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Drawdown Indicators
| INEQ | ALTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.71% | -51.47% | +9.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -4.34% | -5.22% |
Max Drawdown (3Y)Largest decline over 3 years | -14.38% | -10.08% | -4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -24.51% | -18.48% | -6.03% |
Max Drawdown (10Y)Largest decline over 10 years | -41.71% | -51.47% | +9.76% |
Current DrawdownCurrent decline from peak | -0.61% | -0.88% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -6.65% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 0.95% | +2.01% |
Volatility
INEQ vs. ALTY - Volatility Comparison
Columbia International Equity Income ETF (INEQ) has a higher volatility of 4.27% compared to Global X Alternative Income ETF (ALTY) at 1.47%. This indicates that INEQ's price experiences larger fluctuations and is considered to be riskier than ALTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INEQ | ALTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 1.47% | +2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 11.47% | 4.61% | +6.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 5.93% | +7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 10.47% | +4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 16.49% | -0.12% |
INEQ vs. ALTY - Expense Ratio Comparison
INEQ has a 0.45% expense ratio, which is lower than ALTY's 0.50% expense ratio.
Dividends
INEQ vs. ALTY - Dividend Comparison
INEQ's dividend yield for the trailing twelve months is around 9.31%, more than ALTY's 7.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.48% | 7.50% | 7.88% | 7.31% | 7.66% | 6.88% | 9.20% | 8.74% | 8.49% | 7.52% | 8.20% | 4.21% |
INEQ Columbia International Equity Income ETF | 9.31% | 9.76% | 3.11% | 3.27% | 3.57% | 3.43% | 2.64% | 3.34% | 7.25% | 4.63% | 2.52% | 0.00% |
Frequently Asked Questions
INEQ and ALTY have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INEQ has higher volatility (4.27%) compared to ALTY (1.47%). In terms of maximum drawdown, INEQ dropped -41.71% vs ALTY's -51.47%.
On 10-year performance, INEQ leads with 9.92% vs 5.63% for ALTY. On fees, INEQ is cheaper at 0.45% per year. On volatility, ALTY has been the lower-risk option at 1.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, INEQ has performed better with a 9.92% return vs 5.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
INEQ is cheaper with a 0.45% expense ratio, compared with 0.50% for ALTY.
INEQ has the higher dividend yield at 9.31%, compared with 7.48% for ALTY.
INEQ is categorized as Dividend, while ALTY is Global Allocation. They also come from different issuers: Columbia and Global X. Their fees differ too: 0.45% for INEQ and 0.50% for ALTY.
ALTY currently has the higher Sharpe Ratio (2.34 vs 2.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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