Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IALT vs MUB: how they differ
IALT and MUB hold 0% of their weight in the same names.
iShares Systematic Alternatives Active ETF and iShares National Muni Bond ETF.
What they hold in common
By the books each fund has filed, IALT and MUB hold 0% of their money in the same securities at the same weight.
| Only in IALT | Only in MUB |
|---|---|
| Intercontinental Exchange, Inc. 17.26% | Board of Regents of the University of Te 0.20% |
| PRIME SECSRVC BRW/FINANC 1.29% | New York State Thruway Authority 0.16% |
| PHINIA INC 0.94% | New York State Dormitory Authority 0.14% |
| DISH DBS CORP 0.21% | Houston Higher Education Finance Corp. 0.13% |
| DISH DBS CORP 0.19% | Northwest Independent School District 0.13% |
| DISH DBS CORP 0.10% | Ohio State University (The) 0.13% |
| State of New Jersey 0.13% | |
| State of California 0.13% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.
| IALT iShares Systematic Alternatives Active ETF | MUB iShares National Muni Bond ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | Systematic Alternatives Active | National Muni Bond |
| Total return, 1 year | +17.4% | +0.1% |
| S&P 500 over the same days | +12.1% | +17.5% |
| Gap to the S&P 500 | +5.4 pts | −17.4 pts |
| Expense ratio | not published | 0.05% |
| Holdings | 8 | 6603 |
IALT in plain words
IALT is an index equity fund tracking the Systematic Alternatives Active. By its holdings filed for Apr 30, 2026, 55% of the fund by weight is stocks the S&P 500 also holds, across 8 positions, with the top ten at 100.0%.
MUB in plain words
MUB is a bond fund tracking the National Muni Bond. Over the year to Sep 11, 2026 it returned +0.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. It sat 3.6% below its high of Jul 6, 2026 on Sep 11, 2026.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, IALT against MUB, data as of Sep 12, 2026. https://etfiq.com/compare/any/IALT-MUB Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources