BELT vs EQTY
iShares US Select Equity Active ETF vs Kovitz Core Equity ETF
Which is better, BELT or EQTY?
Each has led over a different period.
BELT has a lower expense ratio. BELT led over 1Y, EQTY over the full window. EQTY is less concentrated, with 42.9% of the fund in its ten largest positions against 68.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BELT | EQTY |
|---|---|---|
| Expense Ratio | 0.75%Best | 0.99% |
| AUM | $10M | $1.4B |
| Dividend Yield | 0.02% | 0.02% |
| Holdings | 20 | 77 |
| Volatility (annualized) | 18.8% | 11.8%Best |
| Max Drawdown | -23.1% | -17.3%Best |
| $10,000 over 2.1 years | $13,054 | $13,781Best |
| Top 10 Weight | 68.5% | 42.9%Best |
| Fund Family | BlackRock, Inc. (US) | Kovitz Investment Group |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 17, 2024 | Dec 28, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 91 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BELT has data through Aug 12, 2026 and EQTY through Nov 11, 2026.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Jun 18, 2024 to Aug 12, 2026 (2.1 years).
Risk: Volatility and Drawdowns
BELT has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 11.8% for EQTY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.1% for BELT and -17.3% for EQTY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BELT charges 0.75% per year while EQTY charges 0.99%. On a $10,000 position that is $75 vs $99 annually, a gap of $24 per year that compounds over a long holding period. On income, BELT currently yields 0.02% against 0.02% for EQTY.
Holdings Overlap
33.0% of BELT's money is in holdings EQTY also owns. 20.1% of EQTY's money is in holdings BELT also owns.
The two portfolios partly overlap.
The two holdings books were reported 71 days apart, BELT as of Aug 5, 2026 and EQTY as of Oct 15, 2026, so some of the difference between them is the time between the two reports rather than the funds.
6 positions in common, counted across the 19 positions we hold weights for in BELT and 37 in EQTY, against full books of 20 and 77.
What only one of them owns
Our book lists 30 positions for EQTY that do not appear in our book for BELT (73.2% of the fund), and 11 for BELT that do not appear in EQTY (57.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
33.0% of BELT is already inside EQTY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BELT or EQTY?
BELT has an expense ratio of 0.75% while EQTY charges 0.99%. BELT is the cheaper option, by $24 a year on a $10,000 investment.
Which is riskier, BELT or EQTY?
BELT has been the more volatile fund at 18.8% annualized versus 11.8% for EQTY. Worst drawdown: BELT -23.1% vs EQTY -17.3%.
Should I hold both BELT and EQTY?
BELT and EQTY have a monthly-return correlation of 0.74, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BELT and EQTY?
33.0% of BELT's money is in holdings EQTY also owns. 20.1% of EQTY's is in holdings BELT also owns. They hold 6 positions in common, counted across the 19 positions we hold weights for in BELT and 37 in EQTY.
Which pays a higher dividend, BELT or EQTY?
BELT yields 0.02% while EQTY yields 0.02%, so EQTY currently pays the higher dividend yield.
Is EQTY better than BELT?
BELT has a lower expense ratio. BELT led over 1Y, EQTY over the full window. EQTY is less concentrated, with 42.9% of the fund in its ten largest positions against 68.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.