Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IALT vs VBIL: how they differ
IALT and VBIL hold 0% of their weight in the same names.
iShares Systematic Alternatives Active ETF and Vanguard 0-3 Month Treasury Bill ETF.
What they hold in common
By the books each fund has filed, IALT and VBIL hold 0% of their money in the same securities at the same weight.
| Only in IALT | Only in VBIL |
|---|---|
| Intercontinental Exchange, Inc. 17.26% | United States Treasury Bill 6.78% |
| PRIME SECSRVC BRW/FINANC 1.29% | United States Treasury Bill 6.10% |
| PHINIA INC 0.94% | United States Treasury Bill 5.61% |
| DISH DBS CORP 0.21% | United States Treasury Bill 5.41% |
| DISH DBS CORP 0.19% | United States Treasury Bill 5.18% |
| DISH DBS CORP 0.10% | United States Treasury Bill 5.17% |
| United States Treasury Bill 5.15% | |
| United States Treasury Bill 5.13% |
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 Jun 30, 2026.
| IALT iShares Systematic Alternatives Active ETF | VBIL Vanguard 0-3 Month Treasury Bill ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | Systematic Alternatives Active | 0-3 Month Treasury Bill |
| Total return, 1 year | +17.4% | +3.8% |
| S&P 500 over the same days | +12.1% | +17.5% |
| Gap to the S&P 500 | +5.4 pts | −13.7 pts |
| Expense ratio | not published | 0.06% |
| Holdings | 8 | 26 |
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%.
VBIL in plain words
VBIL is a cash and treasury bills tracking the 0-3 Month Treasury Bill. Over the year to Sep 11, 2026 it returned +3.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.06% a year.
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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 VBIL, data as of Sep 12, 2026. https://etfiq.com/compare/any/IALT-VBIL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources