ALTY vs IYLD: Grades, Fees and Holdings Compared

Global X Alternative Income ETF

ALTYBNasdaq

iShares Morningstar Multi-Asset Income ETF

IYLDACboe

Overlap

0.0%by weight

Expense ratio

ALTY0.50%IYLD0.50%

Avg volume · 30D

ALTY 1.03×the volume

ALTY19.3KIYLD18.7K

10Y return · a year

ALTY +1.9pt

ALTY+5.5%IYLD+3.6%

ALTY vs IYLD Performance

Oct 29, 2021 – Oct 30, 2026

+25.5%ALTY+16.0%IYLD

Expense ratio: ALTY 0.50%; IYLD 0.50%
Fund size: ALTY $45M; IYLD $129M
1Y total return: ALTY +6.3%; IYLD +6.5%, better
Yield (12M): ALTY 7.99%, better; IYLD 4.79%
Holdings: ALTY 21; IYLD 19355
Avg volume (30D): ALTY 19.3K sh, better; IYLD 18.7K sh
NAV per share: ALTY $11.72; IYLD $21.64
52W range

ETF.net Grade

Pillar letters and Scores for ALTY, IYLD, with each pillar’s weight
Pillar	ALTY	IYLD
Cost30% weight	A79	A79
Mission25% weight	C50	A100Higher
Risk15% weight	C54	B69Higher
Tradability15% weight	C44	C53Higher
Holdings10% weight	D33	A88Higher
Durability5% weight	B62	A85Higher

Rank among Multi-Asset Income funds

How we build Categories ›

Same Category. ALTY and IYLD 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 ›

IYLD ranks 2nd 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

IYLDAiShares Morningstar Multi-Asset Income 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.

IYLD One ticker, one income engine. IYLD is a fund of iShares funds, bundling equity, bond and other income funds into a single monthly-paying package that has run on the same playbook since 2012.

Stated mandate

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

IYLD The Fund seeks to track an index of underlying equity, fixed-income, and other income funds designed to provide high current income while offering an opportunity for capital appreciation.

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.

IYLD A single trade buys a whole income lineup: the index it follows is built from underlying equity, fixed-income and other income funds, so the mixing and rebalancing happen inside the wrapper.ishares.com
0.50% a year, comfortably below the typical fee in its allocation peer group. Cheap for a multi-asset income build.
Pays monthly, which lines the cash flow up with how most people actually pay bills.ishares.com
Hews closely to the Morningstar Multi-Asset High Income Index it targets, one of the tighter index implementations in its peer group. No manager guesswork bolted on top.

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

IYLD Small and thinly traded. Expect wider bid-ask spreads than the mega-funds, which matters most on larger orders.
Income comes first here: capital appreciation is the secondary goal in its own objective, so it is built differently from a growth-tilted allocation fund.
Broad allocation rivals cost far less (IRTR at 0.08%, AOA at 0.19%), though neither is built around high current income.

Full ALTY profile⁠

Full IYLD profile⁠

ALTY vs IYLD Holdings

As of Oct 13, 2026

How ALTY and IYLD differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%
Sector11 Sectors49.4%
Countryby domicile69.5%

Sector

Sector weights in ALTY and IYLD, widest gap first
Sector	More in ALTYMore in IYLD	ALTY	IYLD
Financials	IYLD +28.0 points	0.1%	28.1%
Technology	ALTY +17.3 points	22.1%	4.8%
Energy	ALTY +16.5 points	21.1%	4.6%
Real Estate	ALTY +9.9 points	30.8%	20.9%
Industrials	IYLD +7.8 points	2.0%	9.8%
Utilities	ALTY +5.8 points	11.8%	6.0%
Materials	IYLD +4.8 points	0.3%	5.1%
Health Care	IYLD +4.4 points	1.4%	5.8%
Consumer Staples	IYLD +4.0 points	2.1%	6.1%
Consumer Discretionary	IYLD +1.6 points	3.7%	5.3%
Communication	ALTY +0.9 points	4.6%	3.7%

Country, concentration and asset class

Country by domicile

Country weights in ALTY and IYLD, widest gap first
Country	More in ALTYMore in IYLD	ALTY	IYLD
United States	ALTY +30.3 points	94.7%	64.4%
Japan	IYLD +10.2 points	0.0%	10.2%
Australia	IYLD +4.2 points	0.0%	4.2%
Supranational	IYLD +3.4 points	0.0%	3.4%
United Kingdom	IYLD +2.9 points	2.4%	5.3%
Canada	IYLD +2.2 points	0.3%	2.6%
Switzerland	IYLD +1.9 points	0.0%	1.9%
France	IYLD +1.7 points	1.0%	2.7%
Other countries (6)	IYLD +3.9 points	1.5%	5.4%

Outside the US: IYLD 90% developed, 10% emerging.

Concentration

Weight in the 10 largest Holdings

ALTY87.6%
IYLD4.6%

Securities held

ALTY21
IYLD19,284

Asset class

ALTY: Equity
IYLD: Multi-Asset

Holdings

Only in ALTY21
In both0
Only in IYLD19,284

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 IYLD

19,284 securities, 99.1% of IYLD by weight

Strategy Inc0.52%
Boeing Co0.48%
Welltower0.46%
Mitsubishi Ufj Financial Group0.45%
Shell0.43%
Hsbc Holdings PLC0.41%
Nestle SA0.37%
Toyota Motor0.36%
Prologis Reit0.33%
Super Micro Computer Inc0.32%
Hewlett Packard Enterprise Conv Pr0.32%
Wells Fargo & Company Series L0.32%
Oracle Corporation0.32%
Alphabet Inc0.31%
Roche Ps Par AG0.31%
Alphabet Inc0.31%
Bhp Group Ltd0.30%
Sumitomo Mitsui Financial Group0.29%
Equinix Reit0.27%
Novartis AG0.27%
Nextera Energy Units0.26%
Allianz0.26%
Totalenergies0.26%
Nextera Energy Inc0.26%
Mizuho Financial Group0.22%
Bank of America Corp0.21%
Iberdrola0.21%
Unilever PLC0.20%
Siemens N AG0.19%
Simon Property Group Reit Inc0.19%
Digital Realty Trust Reit0.18%
Bp PLC0.18%
Banco Bilbao Vizcaya Argentaria0.18%
Mitsubishi0.18%
Citigroup Capital Xiii0.18%
National Australia Bank0.18%
Public Storage Reit0.17%
Westpac Banking Corporation0.17%
British American Tobacco0.17%
European Bank For Reconstruction A Mtn 4.27% 02/20/2028 (Ebrd)0.17%
Anz Group Holdings Ltd0.17%
Kkr & Co Inc0.16%
Zurich Insurance Group AG0.16%
Softbank Group Corp0.15%
Unicredit0.15%
Microchip Technology Incorporated0.15%
Southern Company (The)0.15%
International Bank For Reconstruct Mtn 4.37% 08/19/2027 (Ibrd)0.15%
Mitsui0.15%
European Bank For Reconstruction A Mtn 4.14% 02/16/2029 (Ebrd)0.15%

Weight gaps

ALTY and IYLD share no securities.

All 20 ALTY holdings⁠All IYLD 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 IYLD 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
IYLD 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

ALTY 0.50%
IYLD 0.50%

Year by year

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

Expense ratio

0.50%ALTY
0.50%IYLD

ALTY0.50%IYLD0.50%

0.15%1.37%

Middle half of Multi-Asset Income funds
Median 0.71%

ALTY 3rd cheapest of 15 funds

IYLD 3rd cheapest of 15 funds

ALTY vs IYLD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ALTY 7.99%, better; IYLD 4.79%
Payout (12M): ALTY $0.94; IYLD $1.04
Last payment: ALTY $0.08; IYLD $0.08
Ex-dividend: ALTY Oct 5, 2026; IYLD Oct 2, 2026
Paid on: ALTY Oct 13, 2026; IYLD Oct 7, 2026
Frequency: ALTY Monthly; IYLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

ALTYMonthly · 45 paymentsAll ALTY payments⁠

IYLDMonthly · 45 paymentsAll IYLD payments⁠

ALTY vs IYLD Risk

Fall from peak · 5 years

ALTY
IYLD

Risk facts

VolatilityStd dev, 3 years: ALTY 7.6%IYLD 6.3%, better
Return per unit of riskSharpe ratio, 3 years: ALTY 1.00, betterIYLD 0.95
Worst fallMax drawdown, 5 years: ALTY −18.5%, betterIYLD −22.4%
Market sensitivityBeta, 5 years: ALTY 0.79IYLD 0.60; Market = 1

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