Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.

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IALT vs TLT: how they differ

IALT and TLT hold 0% of their weight in the same names.

iShares Systematic Alternatives Active ETF and iShares 20+ Year Treasury Bond ETF.

What they hold in common

By the books each fund has filed, IALT and TLT hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in IALT	Only in TLT
Intercontinental Exchange, Inc. 17.26%	TREASURY BOND (2OLD) 4.16%
PRIME SECSRVC BRW/FINANC 1.29%	TREASURY BOND (OLD) 4.05%
PHINIA INC 0.94%	TREASURY BOND (OTR) 1.03%
DISH DBS CORP 0.21%	TREASURY BOND 0.02%
DISH DBS CORP 0.19%
DISH DBS CORP 0.10%

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.

IALT and TLT on the fields both publish, as of Sep 13, 2026. Source: ETFIQ.
	IALT iShares Systematic Alternatives Active ETF	TLT iShares 20+ Year Treasury Bond ETF
Where it sits	Core index fund	Core index fund
Issuer	iShares	iShares
What it is	Systematic Alternatives Active	20+ year Treasuries
Total return, 1 year	+17.4%	−6.4%
S&P 500 over the same days	+12.1%	+17.5%
Gap to the S&P 500	+5.4 pts	−23.9 pts
Expense ratio	not published	0.15%
Holdings	8	41

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%.

TLT in plain words

TLT is a bond fund tracking the 20+ year Treasuries. Over the year to Sep 11, 2026 it returned −6.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. It sat 42.9% below its high of Aug 4, 2020 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.

IALT against TLT, ETFIQ, data as of Sep 13, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, IALT against TLT, data as of Sep 13, 2026. https://etfiq.com/compare/any/ialt-vs-tlt Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources