IALT vs PFIX
Comparison between iShares Systematic Alternatives Active ETF (IALT, ETF) and SIMPLIFY INTEREST RATE HEDGE ETF (PFIX, ETF).
IALT vs PFIX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
IALT
$210M
PFIX
$210M
Expense Ratio
IALT
0.99%
Winner
PFIX
0.50%
Max Drawdown
Winner
IALT
1.47%
PFIX
66.22%
Sharpe Ratio
Winner
IALT
2.82
PFIX
-0.41
5Y Beta
IALT
0.27
Winner
PFIX
-0.06
IALT vs PFIX - Holdings Comparison
IALT and PFIX have 1 common holdings. Overlap is -12.66%
IALT's top 25 holdings weight is 156.45%. PFIX's top 25 holdings weight is 44.79%.
| Rank | IALT | PFIX |
|---|---|---|
| #1 | CASH OFFSET (n/a) - 21.13% | SIMPLIFY GOVERNMENT MONEY MARKET ETF (SBIL) - 28.45% |
| #2 | CNY/USD PURCHASED (n/a) - 13.10% | SWAPTION 05/10/2030 P4.50/SOFR MSX (n/a) - 7.12% |
| #3 | BRL/USD PURCHASED (n/a) - 13.09% | SWAPTION 06/16/2032 P4.80/SOFR GSX (n/a) - 2.95% |
| #4 | EUR/USD PURCHASED (n/a) - 12.45% | SWAPTION 06/16/2032 P4.75/SOFR JPM (n/a) - 1.14% |
| #5 | CAD/USD PURCHASED (n/a) - 11.50% | SWAPTION 05/02/2030 P4.50/SOFR GSX (n/a) - 1.08% |
| #6 | AUD/USD PURCHASED (n/a) - 9.64% | SWAPTION 05/01/2030 P4.50/SOFR GSX (n/a) - 1.04% |
| #7 | INR/USD PURCHASED (n/a) - 8.48% | SWAPTION 06/16/2032 P5.00/SOFR MSX (n/a) - 0.70% |
| #8 | CHF/EUR PURCHASED (n/a) - 8.42% | SWAPTION 05/10/2030 P4.50/SOFR GSX (n/a) - 0.66% |
| #9 | ZAR/USD PURCHASED (n/a) - 7.64% | SWAPTION 06/16/2032 P5.00/SOFR GSX (n/a) - 0.65% |
| #10 | GBP/USD PURCHASED (n/a) - 7.16% | SWAPTION 05/01/2030 P4.50/SOFR MSX (n/a) - 0.65% |
| #11 | NZD/USD PURCHASED (n/a) - 6.76% | SWAPTION 06/16/2032 P5.00/SOFR CIT (n/a) - 0.57% |
| #12 | JPY/USD PURCHASED (n/a) - 6.03% | SWAPTION 05/02/2030 P4.50/SOFR MSX (n/a) - 0.41% |
| #13 | NOK/EUR PURCHASED (n/a) - 5.95% | SWAPTION 06/16/2032 P5.00/SOFR BOA (n/a) - 0.29% |
| #14 | SEK/EUR PURCHASED (n/a) - 5.48% | SWAPTION 05/01/2030 P4.50/SOFR CIT (n/a) - 0.25% |
| #15 | MXN/USD PURCHASED (n/a) - 5.39% | SWAPTION 06/16/2032 P5.00/SOFR JPM (n/a) - 0.17% |
| #16 | KRW/USD PURCHASED (n/a) - 3.64% | SWAPTION 06/16/2032 P4.80/SOFR CIT (n/a) - 0.13% |
| #17 | SGD/USD PURCHASED (n/a) - 1.71% | CASH (n/a) - 0.05% |
| #18 | CHF CASH (n/a) - 1.64% | IRS P 2.11 05/15/2028 05/15/2048 (n/a) - 0.00% |
| #19 | SEK CASH (n/a) - 1.61% | IRS R SOFR 05/15/2028 05/15/2048 (n/a) - 0.00% |
| #20 | ICE: (CDX.NA.IG.46.V1) (n/a) - 1.26% | SWAPTION 06/16/2032 P4.75/SOFR MSX (n/a) - -0.05% |
| #21 | DKK CASH (n/a) - 1.17% | SWAPTION 06/16/2032 P4.50/SOFR GSX (n/a) - -0.14% |
| #22 | ICE: (ITRAXX.XO.45.V1) (n/a) - 0.96% | SWAPTION 06/16/2032 P4.50/SOFR BRC (n/a) - -0.16% |
| #23 | 3M CO (MMM) - 0.78% | SWAPTION 06/16/2032 P4.50/SOFR JPM (n/a) - -0.32% |
| #24 | SGD CASH (n/a) - 0.74% | SWAPTION 05/01/2030 P4.50/SOFR JPM (n/a) - -0.85% |
| #25 | INTESA SANPAOLO (n/a) - 0.72% | N/A |
| Total Holdings | 1757 | 24 |
IALT vs PFIX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IALT
+0.86%
PFIX
-3.46%
3M
IALT
+6.71%
Winner
PFIX
+9.74%
6M
Winner
IALT
+12.66%
PFIX
-0.53%
1Y
IALT
N/A
PFIX
-11.73%
5Y(CAGR)
IALT
N/A
PFIX
+17.09%
Max(CAGR)
Winner
IALT
+27.88%
PFIX
+15.18%
IALT vs PFIX - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | IALT | PFIX |
|---|---|---|
| 2026 | +11.53% | -4.01% |
| 2025 | +0.73% | +0.57% |
| 2024 | N/A | +34.45% |
| 2023 | N/A | +12.02% |
| 2022 | N/A | +84.85% |
| 2021 | N/A | -24.95% |
IALT vs PFIX Drawdown Comparison
The maximum drawdown for IALT was -1.47%, occurring on Apr 14, 2026. Recovery took 10 trading sessions.
The maximum drawdown for PFIX was -36.17%, occurring on Dec 15, 2023. Recovery took 374 trading sessions.
The current IALT drawdown is -1.22%. The current PFIX drawdown is -18.76%.
| Rank | IALT | PFIX |
|---|---|---|
| #1 | -1.47% Apr 10, 2026 - Apr 24, 2026 | -36.17% Oct 20, 2023 - Apr 21, 2025 |
| #2 | -1.28% Feb 3, 2026 - Feb 6, 2026 | -32.20% Oct 24, 2022 - Sep 21, 2023 |
| #3 | -1.22% Jun 2, 2026 - Jun 5, 2026 | -28.20% May 21, 2025 - Feb 27, 2026 |
| #4 | -1.12% Mar 10, 2026 - Mar 17, 2026 | -26.04% May 12, 2021 - Mar 28, 2022 |
| #5 | -0.81% Jan 14, 2026 - Jan 27, 2026 | -25.57% Jun 14, 2022 - Sep 26, 2022 |
| #6 | -0.79% May 18, 2026 - Jun 1, 2026 | -18.75% May 6, 2022 - Jun 14, 2022 |
| #7 | -0.76% Feb 10, 2026 - Feb 20, 2026 | -10.73% Apr 22, 2025 - May 12, 2025 |
| #8 | -0.74% Jan 29, 2026 - Feb 3, 2026 | -8.76% Oct 6, 2023 - Oct 19, 2023 |
| #9 | -0.61% Mar 2, 2026 - Mar 4, 2026 | -6.71% Apr 11, 2022 - May 2, 2022 |
| #10 | -0.61% May 13, 2026 - May 18, 2026 | -6.40% Mar 28, 2022 - Apr 7, 2022 |
| #11 | -0.60% Mar 25, 2026 - Mar 31, 2026 | -4.63% Sep 27, 2022 - Sep 30, 2022 |
| #12 | -0.57% Apr 27, 2026 - Apr 30, 2026 | -4.24% Sep 30, 2022 - Oct 10, 2022 |
| #13 | -0.54% Dec 10, 2025 - Dec 19, 2025 | -4.03% May 2, 2022 - May 5, 2022 |
| #14 | -0.46% May 1, 2026 - May 11, 2026 | -3.90% May 14, 2025 - May 21, 2025 |
| #15 | -0.45% Dec 24, 2025 - Jan 5, 2026 | -1.84% Oct 3, 2023 - Oct 6, 2023 |
Correlation
Correlation between IALT and PFIX is 0.16 which considered as a very weak or no correlation - the stocks move independently of each other.
0.16
-101
Dividend Comparison (2021 - 2026)
IALT vs PFIX dividend yield comparison.
| Year | IALT | PFIX |
|---|---|---|
| 2026 | 0.00% | 1.07% |
| 2025 | 0.14% | 9.92% |
| 2024 | 0.00% | 3.40% |
| 2023 | 0.00% | 87.92% |
| 2022 | 0.00% | 0.63% |
| 2021 | 0.00% | 0.00% |
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