INKM vs IYLD: Grades, Fees and Holdings Compared

State Street Income Allocation ETF

INKMANYSE Arca

iShares Morningstar Multi-Asset Income ETF

IYLDACboe

Overlap

0.0%by weight

Expense ratio

INKM0.50%IYLD0.50%

Avg volume · 30D

IYLD 1.4×the volume

INKM13.3KIYLD18.7K

10Y return · a year

INKM +1.9pt

INKM+5.5%IYLD+3.6%

INKM vs IYLD Performance

Oct 29, 2021 – Oct 30, 2026

+20.8%INKM+16.0%IYLD

Expense ratio: INKM 0.50%; IYLD 0.50%
Fund size: INKM $70M; IYLD $129M
1Y total return: INKM +7.6%, better; IYLD +6.5%
Yield (12M): INKM 4.69%; IYLD 4.79%, better
Holdings: INKM 18; IYLD 19355
Avg volume (30D): INKM 13.3K sh; IYLD 18.7K sh, better
NAV per share: INKM $34.00; IYLD $21.64
52W range

ETF.net Grade

Pillar letters and Scores for INKM, IYLD, with each pillar’s weight
Pillar	INKM	IYLD
Cost30% weight	A79	A79
Mission25% weight	A71	A100Higher
Risk15% weight	A75Higher	B69
Tradability15% weight	A76Higher	C53
Holdings10% weight	C47	A88Higher
Durability5% weight	A70	A85Higher

Rank among Multi-Asset Income funds

How we build Categories ›

Same Category. INKM 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 INKM 3rd 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

Our read on each fund

ETF.net Research

INKMAState Street Income Allocation ETF

IYLDAiShares Morningstar Multi-Asset Income ETF

In short

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.

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

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.

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

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.

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

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.

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 INKM profile⁠

Full IYLD profile⁠

INKM vs IYLD Holdings

How INKM and IYLD differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%
Sector11 Sectors67.9%
Countryby domicile72.0%

Sector

Sector weights in INKM and IYLD, widest gap first
Sector	More in INKMMore in IYLD	INKM	IYLD
Financials	IYLD +19.3 points	8.8%	28.1%
Technology	INKM +9.2 points	14.0%	4.8%
Real Estate	IYLD +9.0 points	11.9%	20.9%
Utilities	INKM +7.2 points	13.2%	6.0%
Energy	INKM +5.5 points	10.1%	4.6%
Industrials	INKM +5.0 points	14.8%	9.8%
Materials	IYLD +3.7 points	1.4%	5.1%
Communication	INKM +2.0 points	5.7%	3.7%
Consumer Staples	INKM +1.6 points	7.7%	6.1%
Health Care	INKM +1.1 points	6.9%	5.8%
Consumer Discretionary	INKM +0.3 points	5.6%	5.3%

Country, concentration and asset class

Country by domicile

Country weights in INKM and IYLD, widest gap first
Country	More in INKMMore in IYLD	INKM	IYLD
United States	INKM +19.7 points	84.1%	64.4%
Japan	IYLD +8.4 points	1.8%	10.2%
United Kingdom	IYLD +4.9 points	0.4%	5.3%
Australia	IYLD +3.0 points	1.2%	4.2%
France	IYLD +2.7 points	0.0%	2.7%
South Africa	IYLD +2.5 points	0.9%	3.4%
Germany	IYLD +1.6 points	0.0%	1.6%
Mexico	INKM +1.3 points	1.3%	0.0%
Other countries (26)	INKM +2.1 points	10.4%	8.3%

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

Concentration

Weight in the 10 largest Holdings

INKM82.6%
IYLD4.6%

Securities held

INKM16
IYLD19,284

Asset class

INKM: Multi-Asset
IYLD: Multi-Asset

Holdings

Only in INKM16
In both0
Only in IYLD19,284

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%

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

INKM and IYLD share no securities.

All 16 INKM 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.

INKM vs IYLD Cost

Same expense ratio

$9,979

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

INKM 0.50%
$9,979
IYLD 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

INKM 0.50%
IYLD 0.50%

Year by year

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

Expense ratio

0.50%INKM
0.50%IYLD

INKM0.50%IYLD0.50%

0.15%1.37%

Middle half of Multi-Asset Income funds
Median 0.71%

INKM 3rd cheapest of 15 funds

IYLD 3rd cheapest of 15 funds

INKM vs IYLD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): INKM 4.69%; IYLD 4.79%, better
Payout (12M): INKM $1.59; IYLD $1.04
Last payment: INKM $0.34; IYLD $0.08
Ex-dividend: INKM Sep 25, 2026; IYLD Oct 2, 2026
Paid on: INKM Sep 29, 2026; IYLD Oct 7, 2026
Frequency: INKM Quarterly; IYLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

INKMQuarterly · 15 paymentsAll INKM payments⁠

IYLDMonthly · 45 paymentsAll IYLD payments⁠

INKM vs IYLD Risk

Fall from peak · 5 years

INKM
IYLD

Risk facts

VolatilityStd dev, 3 years: INKM 7.8%IYLD 6.3%, better
Return per unit of riskSharpe ratio, 3 years: INKM 0.92IYLD 0.95, better
Worst fallMax drawdown, 5 years: INKM −19.2%, betterIYLD −22.4%
Market sensitivityBeta, 5 years: INKM 0.82IYLD 0.60; Market = 1

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