ALTY vs INKM: Grades, Fees and Holdings Compared

Global X Alternative Income ETF

ALTYBNasdaq

State Street Income Allocation ETF

INKMANYSE Arca

Overlap

0.0%by weight

Expense ratio

ALTY0.50%INKM0.50%

Avg volume · 30D

ALTY 1.5×the volume

ALTY19.3KINKM13.3K

10Y return · a year

ALTY+5.5%INKM+5.5%

ALTY vs INKM Performance

Oct 29, 2021 – Oct 30, 2026

+25.5%ALTY+20.8%INKM

Expense ratio: ALTY 0.50%; INKM 0.50%
Fund size: ALTY $45M; INKM $70M
1Y total return: ALTY +6.3%; INKM +7.6%, better
Yield (12M): ALTY 7.99%, better; INKM 4.69%
Holdings: ALTY 21; INKM 18
Avg volume (30D): ALTY 19.3K sh, better; INKM 13.3K sh
NAV per share: ALTY $11.72; INKM $34.00
52W range

ETF.net Grade

Pillar letters and Scores for ALTY, INKM, with each pillar’s weight
Pillar	ALTY	INKM
Cost30% weight	A79	A79
Mission25% weight	C50	A71Higher
Risk15% weight	C54	A75Higher
Tradability15% weight	C44	A76Higher
Holdings10% weight	D33	C47Higher
Durability5% weight	B62	A70Higher

Rank among Multi-Asset Income funds

How we build Categories ›

Same Category. ALTY and INKM are both graded against the same 15 Multi-Asset Income funds, so their Grades compare head to head.

Multi-Asset Income⁠

Category · 15 funds

See all 15 ›

INKM ranks 3rd and ALTY 5th of 15 funds in the Multi-Asset Income Category.

Rank 1AINCMFranklin Income Focus ETFScore 82
Rank 2AIYLDiShares Morningstar Multi-Asset Income ETFScore 79
Rank 3AINKMState Street Income Allocation ETFScore 72
Rank 4BMDIVMulti-Asset Diversified Income Index FundScore 66
Rank 5BALTYGlobal X Alternative Income ETFScore 57
Rank 6BHNDLStrategy Shares Nasdaq 7HANDL Index ETFScore 56

Our read on each fund

ETF.net Research

ALTYBGlobal X Alternative Income ETF

INKMAState Street Income Allocation ETF

In short

ALTY Income from the corners bonds don't cover. ALTY tracks the Indxx SuperDividend Alternatives Index, a global and emerging-market mix of high-payout alternative income sources, and distributes monthly.

INKM One ticker, one active manager, and a shopping list that runs from bonds and preferreds to convertibles, global REITs and dividend stocks. INKM has been playing multi-asset income this way since 2012, at half a point of fee.

Stated mandate

ALTY ALTY seeks to track the price and yield performance of the Indxx SuperDividend Alternatives Index before fees and expenses.

INKM The fund seeks total return by investing primarily in income- and yield-generating assets. It is actively managed and uses tactical allocations across bonds, convertible and preferred securities, global REITs, and domestic and international dividend-focused equities.

Why people hold it

ALTY One ticker for an income sleeve most DIY investors can't easily build: a global, emerging-market-inclusive basket of high-yield alternatives, held in a standard 1940 Act ETF.globalxetfs.com
0.50% a year, below the typical fee in its multi-asset allocation peer group, for exposure that is far more specialized than a plain stock-and-bond blend.
Pays monthly, and has been running since 2015. That is a long track record for a niche income idea, and a cadence that lines up with monthly bills.

INKM Charges 0.50% a year, under the 0.78% median for allocation funds.
Actively managed with tactical shifts across bonds, convertibles, preferreds, global REITs and dividend equities, rather than fixed index weights.ssga.com
Launched in 2012 and pays quarterly, a long run for a one-ticket income allocation fund.
Lands in the upper half of its allocation peer group on our review.

Worth knowing

ALTY A small, thinly traded fund. Spreads can run wider than in the big allocation ETFs, which matters more on large or hurried orders.
Global X discloses that distributions can include return of capital, meaning part of a payout may be your own money back rather than income earned.globalxetfs.com
The mix is set by the index's yield-first rules, not a manager reading the market, so the sleeve holds whatever screens in at each rebalance.globalxetfs.com

INKM Thinly traded with a modest asset base, so spreads and order handling matter more here than with the category's giants.
Index-based allocation rivals cost far less: AOA at 0.19% and IRTR at 0.08%.
No published index to check it against. What you own depends on the manager's asset-mix calls.

Full ALTY profile⁠

Full INKM profile⁠

ALTY vs INKM Holdings

As of Oct 13, 2026

How ALTY and INKM differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of ALTY and 0.0% of INKM.

Level by level

Holdings0 in both0.0%
Sector11 Sectors61.9%
Countryby domicile85.8%

Sector

Sector weights in ALTY and INKM, widest gap first
Sector	More in ALTYMore in INKM	ALTY	INKM
Real Estate	ALTY +18.9 points	30.8%	11.9%
Industrials	INKM +12.8 points	2.0%	14.8%
Energy	ALTY +11.0 points	21.1%	10.1%
Financials	INKM +8.7 points	0.1%	8.8%
Technology	ALTY +8.1 points	22.1%	14.0%
Consumer Staples	INKM +5.6 points	2.1%	7.7%
Health Care	INKM +5.5 points	1.4%	6.9%
Consumer Discretionary	INKM +1.9 points	3.7%	5.6%
Utilities	INKM +1.4 points	11.8%	13.2%
Communication	INKM +1.1 points	4.6%	5.7%
Materials	INKM +1.1 points	0.3%	1.4%

Country, concentration and asset class

Country by domicile

Country weights in ALTY and INKM, widest gap first
Country	More in ALTYMore in INKM	ALTY	INKM
United States	ALTY +10.6 points	94.7%	84.1%
United Kingdom	ALTY +2.0 points	2.4%	0.4%
Japan	INKM +1.8 points	0.0%	1.8%
Mexico	INKM +1.3 points	0.0%	1.3%
Australia	INKM +1.2 points	0.0%	1.2%
Switzerland	INKM +1.1 points	0.0%	1.1%
Canada	INKM +1.0 points	0.3%	1.4%
China	INKM +1.0 points	0.1%	1.1%
Other countries (24)	INKM +5.1 points	2.5%	7.6%

Concentration

Weight in the 10 largest Holdings

ALTY87.6%
INKM82.6%

Securities held

ALTY21
INKM16

Asset class

ALTY: Equity
INKM: Multi-Asset

Holdings

Only in ALTY21
In both0
Only in INKM16

Only in ALTY

21 securities, 100% of ALTY by weight

Global X Nasd 100 Cov Call20.70%
Global X Emerging Markets Bd20.07%
Global X Us Preferred Etf19.80%
Global X Superdividend Reit19.17%
Northwestern Energy Group1.37%
Sunoco Lp1.33%
Northwest Natural Holding Co1.30%
Firstenergy Corp1.30%
Edison International1.30%
Black Stone Minerals Lp1.29%
Energy Transfer Lp1.28%
Dominion Energy Inc1.28%
Avista Corp1.27%
Antero Midstream Corp1.26%
Western Midstream Partners L1.26%
Mplx Lp1.23%
Alliance Resource Partners1.23%
Portland General Electric Co1.22%
Enterprise Products Partners1.21%
Hess Midstream Lp - Class A1.06%
Other Payable & Receivables0.22%

Only in INKM

16 securities, 99.6% of INKM by weight

State Street Spdr Portfolio Lo16.14%
State Street Spdr S+p Global I10.78%
State Street Us Equity Premium9.58%
State Street Spdr Bloomberg Em8.87%
Schwab Us Dividend Equity Etf7.40%
State Street Spdr Portfolio S+7.34%
State Street Spdr Bloomberg Hi5.83%
State Street Spdr Ice Preferre5.80%
State Street Blackstone Senior5.79%
State Street Spdr S+p Internat5.05%
State Street Spdr Bloomberg Em4.85%
State Street Spdr Bloomberg Co3.70%
State Street Spdr Dow Jones Re2.51%
State Street Spdr Portfolio In2.49%
State Street Spdr Portfolio Lo2.01%
State Street Spdr Portfolio In1.49%

Weight gaps

ALTY and INKM share no securities.

All 20 ALTY holdings⁠All 16 INKM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ALTY vs INKM Cost

Same expense ratio

$9,979

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ALTY 0.50%
$9,979
INKM 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

ALTY 0.50%
INKM 0.50%

Year by year

Year	ALTY	INKM
10	$900	$900
20	$3,460	$3,460
30	$9,979	$9,979

Expense ratio

0.50%ALTY
0.50%INKM

ALTY0.50%INKM0.50%

0.15%1.37%

Middle half of Multi-Asset Income funds
Median 0.71%

ALTY 3rd cheapest of 15 funds

INKM 3rd cheapest of 15 funds

ALTY vs INKM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ALTY 7.99%, better; INKM 4.69%
Payout (12M): ALTY $0.94; INKM $1.59
Last payment: ALTY $0.08; INKM $0.34
Ex-dividend: ALTY Oct 5, 2026; INKM Sep 25, 2026
Paid on: ALTY Oct 13, 2026; INKM Sep 29, 2026
Frequency: ALTY Monthly; INKM Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

ALTYMonthly · 45 paymentsAll ALTY payments⁠

INKMQuarterly · 15 paymentsAll INKM payments⁠

ALTY vs INKM Risk

Fall from peak · 5 years

ALTY
INKM

Risk facts

VolatilityStd dev, 3 years: ALTY 7.6%, betterINKM 7.8%
Return per unit of riskSharpe ratio, 3 years: ALTY 1.00, betterINKM 0.92
Worst fallMax drawdown, 5 years: ALTY −18.5%, betterINKM −19.2%
Market sensitivityBeta, 5 years: ALTY 0.79INKM 0.82; Market = 1

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