IYLD vs. ASET

Last updated Jun 4, 2026

IYLD (iShares Morningstar Multi-Asset Income ETF) and ASET (FlexShares Real Assets Allocation Index Fund) are both Diversified Portfolio funds - IYLD tracks the Morningstar Multi-Asset High Income Index while ASET tracks the Northern Trust Real Assets Allocation Total Return. Both are passively managed. IYLD charges 0.60%/yr vs 0.57%/yr for ASET.

Performance

IYLD vs. ASET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Multi-Asset Income ETF (IYLD) and FlexShares Real Assets Allocation Index Fund (ASET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IYLD

• 1D: -0.20%
• 1M: 1.01%
• YTD: 4.95%
• 6M: 5.45%
• 1Y: 14.02%
• 3Y*: 10.59%
• 5Y*: 3.36%
• 10Y*: 4.00%

ASET

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IYLD vs. ASET - Yearly Performance Comparison

	2026 (YTD)
IYLD iShares Morningstar Multi-Asset Income ETF	0.61%
ASET FlexShares Real Assets Allocation Index Fund	0.00%

IYLD vs. ASET - Sectors Allocation Comparison

Sectors	IYLD	ASET
Financial Services	23.3%	-
Real Estate	23.1%	41.6%
Industrials	12.2%	16.3%
Technology	6.3%	0.2%
Utilities	6.0%	12.8%
Consumer Cyclical	5.9%	0.1%
Basic Materials	5.9%	5.8%
Healthcare	5.2%	2.2%
Consumer Defensive	4.7%	1.1%
Communication Services	3.8%	12.1%
Energy	3.6%	7.8%

Return for Risk

IYLD vs. ASET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IYLD

IYLD Risk / Return Rank: 72
IYLD Sharpe Ratio Rank: 75
IYLD Sortino Ratio Rank: 81
IYLD Omega Ratio Rank: 78
IYLD Calmar Ratio Rank: 61
IYLD Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IYLD vs. ASET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Multi-Asset Income ETF (IYLD) and FlexShares Real Assets Allocation Index Fund (ASET). 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.

	IYLD	ASET	Difference
Sharpe ratio: Return per unit of total volatility	2.46	—	—
Sortino ratio: Return per unit of downside risk	3.65	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	3.04	—	—
Martin ratio: Return relative to average drawdown	11.80	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IYLD	ASET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	—	—

Drawdowns

IYLD vs. ASET - Drawdown Comparison

The maximum IYLD drawdown since its inception was -30.23%, which is greater than ASET's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IYLD and ASET.

Drawdown Indicators

	IYLD	ASET	Difference
Max Drawdown Largest peak-to-trough decline	-30.23%	0.00%	-30.23%
Max Drawdown (1Y) Largest decline over 1 year	-4.63%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.20%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.57%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.23%	—	—
Current Drawdown Current decline from peak	-0.55%	0.00%	-0.55%
Average Drawdown Average peak-to-trough decline	-4.53%	0.00%	-4.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.19%	—	—

Volatility

Volatility by Period

	IYLD	ASET	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.73%	0.00%	+5.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.86%	0.00%	+7.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.58%	0.00%	+9.58%

IYLD vs. ASET - Expense Ratio Comparison

IYLD has a 0.60% expense ratio, which is higher than ASET's 0.57% expense ratio.

Dividends

IYLD vs. ASET - Dividend Comparison

IYLD's dividend yield for the trailing twelve months is around 4.61%, while ASET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASET FlexShares Real Assets Allocation Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IYLD iShares Morningstar Multi-Asset Income ETF	4.61%	4.72%	5.32%	5.76%	5.45%	3.47%	4.38%	5.25%	5.78%	4.22%	4.84%	5.26%

Frequently Asked Questions

Which ETF is better, IYLD or ASET?

On fees, ASET is cheaper at 0.57% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IYLD or ASET?

ASET is cheaper with a 0.57% expense ratio, compared with 0.60% for IYLD.

Which ETF pays a higher dividend yield, IYLD or ASET?

IYLD has the higher dividend yield at 4.61%, compared with 0.00% for ASET.

What is the main difference between IYLD and ASET?

IYLD tracks Morningstar Multi-Asset High Income Index, while ASET tracks Northern Trust Real Assets Allocation Total Return. They also come from different issuers: iShares and Northern Trust. Their fees differ too: 0.60% for IYLD and 0.57% for ASET.