IYLD vs. ASET

Last updated Jun 24, 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: -0.42%
• 1M: 0.14%
• YTD: 4.83%
• 6M: 4.78%
• 1Y: 13.19%
• 3Y*: 10.52%
• 5Y*: 3.26%
• 10Y*: 4.06%

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	1.27%
ASET FlexShares Real Assets Allocation Index Fund	0.00%

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: 76
IYLD Sortino Ratio Rank: 81
IYLD Omega Ratio Rank: 78
IYLD Calmar Ratio Rank: 62
IYLD Martin Ratio Rank: 64

ASET

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

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.

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.

	IYLD	ASET	Difference
Sharpe ratio: Return per unit of total volatility	2.27	—	—
Sortino ratio: Return per unit of downside risk	3.37	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	2.86	—	—
Martin ratio: Return relative to average drawdown	11.00	—	—

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	-0.66%	0.00%	-0.66%
Average Drawdown Average peak-to-trough decline	-4.52%	0.00%	-4.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.20%	—	—

Volatility

Volatility by Period

	IYLD	ASET	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.84%	0.00%	+5.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.87%	0.00%	+7.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.56%	0.00%	+9.56%

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.