SPATX vs. IALT

Last updated Jun 23, 2026

SPATX (Symmetry Panoramic Alternatives Fund) and IALT (iShares Systematic Alternatives Active ETF) are both Multistrategy funds. At a 0.19 correlation, their price movements are largely independent. SPATX charges 0.50%/yr vs 0.99%/yr for IALT.

Performance

SPATX vs. IALT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Symmetry Panoramic Alternatives Fund (SPATX) and iShares Systematic Alternatives Active ETF (IALT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPATX achieves a 7.24% return, which is significantly lower than IALT's 12.39% return.

SPATX

• 1D: -0.23%
• 1M: -0.23%
• YTD: 7.24%
• 6M: 7.45%
• 1Y: 13.27%
• 3Y*: 10.37%
• 5Y*: 9.04%
• 10Y*: —

IALT

• 1D: 0.18%
• 1M: 0.94%
• YTD: 12.39%
• 6M: 12.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPATX vs. IALT - Yearly Performance Comparison

	2026 (YTD)	2025
SPATX Symmetry Panoramic Alternatives Fund	7.24%	0.99%
IALT iShares Systematic Alternatives Active ETF	12.39%	0.83%

Correlation

The correlation between SPATX and IALT is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025	0.19

Return for Risk

SPATX vs. IALT — Risk / Return Rank

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

SPATX

SPATX Risk / Return Rank: 97
SPATX Sharpe Ratio Rank: 98
SPATX Sortino Ratio Rank: 97
SPATX Omega Ratio Rank: 93
SPATX Calmar Ratio Rank: 98
SPATX Martin Ratio Rank: 98

IALT

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.

SPATX vs. IALT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Symmetry Panoramic Alternatives Fund (SPATX) and iShares Systematic Alternatives Active ETF (IALT). 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.

	SPATX	IALT	Difference
Sharpe ratio: Return per unit of total volatility	3.47	—	—
Sortino ratio: Return per unit of downside risk	5.28	—	—
Omega ratio: Gain probability vs. loss probability	1.68	—	—
Calmar ratio: Return relative to maximum drawdown	9.11	—	—
Martin ratio: Return relative to average drawdown	30.55	—	—

Drawdowns

SPATX vs. IALT - Drawdown Comparison

The maximum SPATX drawdown since its inception was -11.67%, which is greater than IALT's maximum drawdown of -2.27%. Use the drawdown chart below to compare losses from any high point for SPATX and IALT.

Drawdown Indicators

	SPATX	IALT	Difference
Max Drawdown Largest peak-to-trough decline	-11.67%	-2.27%	-9.40%
Max Drawdown (1Y) Largest decline over 1 year	-1.45%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-5.89%	—	—
Current Drawdown Current decline from peak	-1.27%	-0.74%	-0.53%
Average Drawdown Average peak-to-trough decline	-1.69%	-0.38%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.43%	—	—

Volatility

Volatility by Period

	SPATX	IALT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.82%	7.81%	-3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.26%	7.81%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.04%	7.81%	-1.77%

SPATX vs. IALT - Expense Ratio Comparison

SPATX has a 0.50% expense ratio, which is lower than IALT's 0.99% expense ratio.

Dividends

SPATX vs. IALT - Dividend Comparison

SPATX's dividend yield for the trailing twelve months is around 2.84%, more than IALT's 0.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IALT iShares Systematic Alternatives Active ETF	0.40%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPATX Symmetry Panoramic Alternatives Fund	2.84%	3.05%	2.65%	6.16%	6.22%	2.08%	0.00%	1.87%	2.33%

Frequently Asked Questions

Can I hold both SPATX and IALT in my portfolio?

SPATX and IALT have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.