MAPP vs. ALTY

Last updated Jun 4, 2026

MAPP (Harbor Multi-Asset Explorer ETF) and ALTY (Global X Alternative Income ETF) are both Global Allocation funds. MAPP is actively managed, while ALTY is passively managed. Over the past year, MAPP returned 21.23% vs 15.73% for ALTY. A 0.69 correlation means they provide meaningful diversification when combined. MAPP charges 0.92%/yr vs 0.50%/yr for ALTY.

Performance

MAPP vs. ALTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Multi-Asset Explorer ETF (MAPP) and Global X Alternative Income ETF (ALTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAPP achieves a 7.25% return, which is significantly higher than ALTY's 6.19% return.

MAPP

• 1D: -0.65%
• 1M: 2.82%
• YTD: 7.25%
• 6M: 8.20%
• 1Y: 21.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ALTY

• 1D: -0.33%
• 1M: 0.31%
• YTD: 6.19%
• 6M: 6.51%
• 1Y: 15.73%
• 3Y*: 11.40%
• 5Y*: 5.55%
• 10Y*: 6.16%

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

MAPP vs. ALTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MAPP Harbor Multi-Asset Explorer ETF	7.25%	18.67%	14.25%	3.86%
ALTY Global X Alternative Income ETF	6.19%	11.07%	10.88%	4.98%

Correlation

The correlation between MAPP and ALTY is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.69

The correlation between MAPP and ALTY has been stable across timeframes, ranging from 0.69 to 0.69 - a consistent structural relationship.

MAPP vs. ALTY - Sectors Allocation Comparison

Sectors	MAPP	ALTY
Technology	36.9%	18.3%
Financial Services	15.0%	0.1%
Communication Services	12.2%	5.3%
Consumer Cyclical	8.3%	4.1%
Industrials	8.2%	1.0%
Consumer Defensive	5.4%	2.6%
Healthcare	5.4%	1.4%
Basic Materials	2.9%	0.4%
Energy	2.3%	21.0%
Utilities	1.8%	12.7%
Real Estate	1.6%	33.2%

Return for Risk

MAPP vs. ALTY — Risk / Return Rank

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

MAPP

MAPP Risk / Return Rank: 73
MAPP Sharpe Ratio Rank: 74
MAPP Sortino Ratio Rank: 75
MAPP Omega Ratio Rank: 73
MAPP Calmar Ratio Rank: 70
MAPP Martin Ratio Rank: 73

ALTY

ALTY Risk / Return Rank: 82
ALTY Sharpe Ratio Rank: 83
ALTY Sortino Ratio Rank: 84
ALTY Omega Ratio Rank: 86
ALTY Calmar Ratio Rank: 72
ALTY Martin Ratio Rank: 82

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.

MAPP vs. ALTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Multi-Asset Explorer ETF (MAPP) 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.

	MAPP	ALTY	Difference
Sharpe ratio: Return per unit of total volatility	2.39	2.73	-0.35
Sortino ratio: Return per unit of downside risk	3.37	3.82	-0.46
Omega ratio: Gain probability vs. loss probability	1.43	1.54	-0.10
Calmar ratio: Return relative to maximum drawdown	3.45	3.64	-0.19
Martin ratio: Return relative to average drawdown	13.70	16.84	-3.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAPP vs. ALTY - Sharpe Ratio Comparison

The current MAPP Sharpe Ratio is 2.39, which is comparable to the ALTY Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of MAPP and ALTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MAPP	ALTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.39	2.73	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	0.33	+1.20

Drawdowns

MAPP vs. ALTY - Drawdown Comparison

The maximum MAPP drawdown since its inception was -12.92%, smaller than the maximum ALTY drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for MAPP and ALTY.

Drawdown Indicators

	MAPP	ALTY	Difference
Max Drawdown Largest peak-to-trough decline	-12.92%	-51.47%	+38.55%
Max Drawdown (1Y) Largest decline over 1 year	-6.17%	-4.34%	-1.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.47%	—
Current Drawdown Current decline from peak	-0.65%	-0.37%	-0.28%
Average Drawdown Average peak-to-trough decline	-1.38%	-6.75%	+5.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	0.94%	+0.61%

Volatility

MAPP vs. ALTY - Volatility Comparison

Harbor Multi-Asset Explorer ETF (MAPP) has a higher volatility of 2.98% compared to Global X Alternative Income ETF (ALTY) at 1.41%. This indicates that MAPP'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.

Volatility by Period

	MAPP	ALTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	1.41%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	7.07%	4.38%	+2.69%
Volatility (1Y) Calculated over the trailing 1-year period	8.94%	5.79%	+3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.75%	10.61%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.75%	16.58%	-5.83%

MAPP vs. ALTY - Expense Ratio Comparison

MAPP has a 0.92% expense ratio, which is higher than ALTY's 0.50% expense ratio.

Dividends

MAPP vs. ALTY - Dividend Comparison

MAPP's dividend yield for the trailing twelve months is around 2.76%, less than ALTY's 8.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALTY Global X Alternative Income ETF	8.08%	7.50%	7.88%	7.31%	7.66%	6.88%	9.20%	8.74%	8.49%	7.52%	8.20%	4.21%
MAPP Harbor Multi-Asset Explorer ETF	2.76%	2.96%	2.41%	2.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAPP and ALTY in my portfolio?

MAPP and ALTY have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAPP or ALTY?

MAPP has higher volatility (2.98%) compared to ALTY (1.41%). In terms of maximum drawdown, MAPP dropped -12.92% vs ALTY's -51.47%.

Which ETF is better, MAPP or ALTY?

On 1-year performance, MAPP leads with 21.23% vs 15.73% for ALTY. On fees, ALTY is cheaper at 0.50% per year. On volatility, ALTY has been the lower-risk option at 1.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAPP or ALTY?

Over the 1-year period, MAPP has performed better with a 21.23% return vs 15.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAPP or ALTY?

ALTY is cheaper with a 0.50% expense ratio, compared with 0.92% for MAPP.

Which ETF pays a higher dividend yield, MAPP or ALTY?

ALTY has the higher dividend yield at 8.08%, compared with 2.76% for MAPP.

What is the main difference between MAPP and ALTY?

They also come from different issuers: Harbor and Global X. Their fees differ too: 0.92% for MAPP and 0.50% for ALTY.

Which has better risk-adjusted returns?

ALTY currently has the higher Sharpe Ratio (2.73 vs 2.39), 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.