Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
HYG vs IALT: how they differ
HYG and IALT hold 0% of their weight in the same names.
iShares iBoxx $ High Yield Corporate Bond ETF and iShares Systematic Alternatives Active ETF.
What they hold in common
By the books each fund has filed, HYG and IALT hold 0% of their money in the same securities at the same weight.
| Only in HYG | Only in IALT |
|---|---|
| BLK CSH FND TREASURY SL AGENCY 0.68% | Intercontinental Exchange, Inc. 17.26% |
| 1261229 BC LTD 144A 0.56% | PRIME SECSRVC BRW/FINANC 1.29% |
| MERIDIAN ARC HOLDCO LLC 144A 0.47% | PHINIA INC 0.94% |
| PR RNO PROPERTY OWNER 1 LLC 144A 0.35% | DISH DBS CORP 0.21% |
| WULF COMPUTE LLC 144A 0.29% | DISH DBS CORP 0.19% |
| GALAXY HELIOS DATA CENTERS II LLC 144A 0.28% | DISH DBS CORP 0.10% |
| PANTHER ESCROW ISSUER LLC 144A 0.28% | |
| SV RNO PROPERTY OWNER 1 LLC 144A 0.28% |
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 Sep 10, 2026.
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | IALT iShares Systematic Alternatives Active ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | US high yield bonds | Systematic Alternatives Active |
| Total return, 1 year | +2.9% | +17.4% |
| S&P 500 over the same days | +17.5% | +12.1% |
| Gap to the S&P 500 | −14.6 pts | +5.4 pts |
| Expense ratio | 0.49% | not published |
| Holdings | 1326 | 8 |
HYG in plain words
HYG is a bond fund tracking the US high yield bonds. Over the year to Sep 11, 2026 it returned +2.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.49% a year.
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%.
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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, HYG against IALT, data as of Sep 13, 2026. https://etfiq.com/compare/any/hyg-vs-ialt Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources