Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IALT vs XLB: how they differ
IALT and XLB hold 0% of their weight in the same names.
iShares Systematic Alternatives Active ETF and State Street(R) Materials Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, IALT and XLB hold 0% of their money in the same securities at the same weight.
| Only in IALT | Only in XLB |
|---|---|
| Intercontinental Exchange, Inc. 17.26% | Linde PLC 14.08% |
| PRIME SECSRVC BRW/FINANC 1.29% | Newmont Corp 5.85% |
| PHINIA INC 0.94% | Freeport-McMoRan Inc 5.31% |
| DISH DBS CORP 0.21% | Corteva Inc 4.97% |
| DISH DBS CORP 0.19% | Sherwin-Williams Co/The 4.95% |
| DISH DBS CORP 0.10% | Ecolab Inc 4.73% |
| Vulcan Materials Co 4.72% | |
| CRH PLC 4.67% |
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 | XLB State Street(R) Materials Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | Systematic Alternatives Active | Materials |
| Total return, 1 year | +17.4% | +12.0% |
| S&P 500 over the same days | +12.1% | +17.5% |
| Gap to the S&P 500 | +5.4 pts | −5.5 pts |
| Expense ratio | not published | 0.08% |
| Already in the S&P 500 | 54.9% | 100.0% |
| 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%.
XLB in plain words
XLB is an index equity fund tracking the Materials. Over the year to Sep 11, 2026 it returned +12.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 26 positions, with the top ten at 58.5%. It sat 5.1% below its high of Aug 26, 2026 on Sep 11, 2026.
Questions people ask
- How much do IALT and XLB overlap with the S&P 500?
- By their latest filed holdings, 55% of IALT and 100% of XLB by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
Other comparisons
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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 XLB, data as of Sep 12, 2026. https://etfiq.com/compare/any/IALT-XLB Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources