IALT vs QQQ
iShares Systematic Alternatives Active ETF vs Invesco QQQ Trust, Series 1
Which is better, IALT or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. IALT is less concentrated, with 7.7% of the fund in its ten largest positions against 46.5%.
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 | IALT | QQQ |
|---|---|---|
| Expense Ratio | 0.99% | 0.18%Best |
| AUM | $5.7B | $483.5B |
| Dividend Yield | 0.39% | 0.44% |
| Holdings | 2,311 | 107 |
| YTD Return | +16.26% | +16.87%Best |
| 1Y Return | - | +22.98% |
| 3Y Return (annualized) | - | +24.98% |
| 5Y Return (annualized) | - | +14.39% |
| Top 10 Weight | 7.7%Best | 46.5% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | Dec 9, 2025 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
IALT vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IALT vs QQQ Performance
iShares Systematic Alternatives Active ETF (IALT) is an ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, IALT is up 16.26% versus a gain of 16.87% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
IALT charges 0.99% per year while QQQ charges 0.18%. On a $10,000 position that is $99 vs $18 annually, a gap of $81 per year that compounds over a long holding period. On income, IALT currently yields 0.39% against 0.44% for QQQ.
Holdings Overlap
7.4% of IALT's money is in holdings QQQ also owns. 76.7% of QQQ's money is in holdings IALT also owns.
Most of QQQ is already inside IALT. Owning both mostly buys the same companies twice.
87 positions in common, counted across the 1,584 positions we hold weights for in IALT and 102 in QQQ, against full books of 2,311 and 107.
What only one of them owns
Our book lists 10 positions for QQQ that do not appear in our book for IALT (21.4% of the fund), and 391 for IALT that do not appear in QQQ (51.0%).
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.
Top Shared Holdings
| Stock | Weight in IALT | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 0.21% | 7.27% | 7.06% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 0.19% | 5.76% | 5.57% |
| MUMicron Technology, Inc. | 0.07% | 4.43% | 4.36% |
| GOOGAlphabet Inc | 0.31% | 3.13% | 2.82% |
| GOOGLAlphabet A Usd 0.001 | 0.05% | 3.36% | 3.31% |
| AVGOBroadcom Inc | 0.04% | 3.16% | 3.12% |
| METAMeta Platforms, Inc. | 0.00% | 2.78% | 2.78% |
| TSLATesla Inc | 0.03% | 2.56% | 2.53% |
| INTCIntel Corp. | -0.01% | 2.23% | 2.24% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.04% | 2.10% | 2.06% |
76.7% of QQQ is already inside IALT.
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, IALT or QQQ?
IALT has an expense ratio of 0.99% while QQQ charges 0.18%. QQQ is the cheaper option, by $81 a year on a $10,000 investment.
What is the holdings overlap between IALT and QQQ?
76.7% of QQQ's money is in holdings IALT also owns. 76.7% of QQQ's is in holdings IALT also owns. They hold 87 positions in common, counted across the 1,584 positions we hold weights for in IALT and 102 in QQQ.
Which pays a higher dividend, IALT or QQQ?
IALT yields 0.39% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than IALT?
QQQ has a lower expense ratio. IALT is less concentrated, with 7.7% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.