IALT vs SCHD
iShares Systematic Alternatives Active ETF vs Schwab US Dividend Equity ETF
Which is better, IALT or SCHD?
Multi Alternative against Large Cap Value.
SCHD has a lower expense ratio. IALT is less concentrated, with 7.7% of the fund in its ten largest positions against 41.8%.
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 | SCHD |
|---|---|---|
| Expense Ratio | 0.99% | 0.06%Best |
| AUM | $5.7B | $112.1B |
| Dividend Yield | 0.39% | 3.00% |
| Holdings | 2,311 | 103 |
| YTD Return | +15.08% | +24.59%Best |
| 1Y Return | - | +28.14% |
| 3Y Return (annualized) | - | +15.58% |
| 5Y Return (annualized) | - | +9.90% |
| Top 10 Weight | 7.7%Best | 41.8% |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Dec 9, 2025 | Oct 20, 2011 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
IALT vs SCHD 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 SCHD Performance
iShares Systematic Alternatives Active ETF (IALT) is an ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Year to date, IALT is up 15.08% versus a gain of 24.59% for SCHD.
Past performance does not guarantee future results.
Fees and Cost Over Time
IALT charges 0.99% per year while SCHD charges 0.06%. On a $10,000 position that is $99 vs $6 annually, a gap of $93 per year that compounds over a long holding period. On income, IALT currently yields 0.39% against 3.00% for SCHD.
Holdings Overlap
5.2% of IALT's money is in holdings SCHD also owns. 85.0% of SCHD's money is in holdings IALT also owns.
Most of SCHD is already inside IALT. Owning both mostly buys the same companies twice.
The two holdings books were reported 62 days apart, IALT as of Jun 30, 2026 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
52 positions in common, counted across the 1,584 positions we hold weights for in IALT and 100 in SCHD, against full books of 2,311 and 103.
What only one of them owns
Our book lists 47 positions for SCHD that do not appear in our book for IALT (15.0% of the fund), and 405 for IALT that do not appear in SCHD (52.4%).
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 SCHD | Difference |
|---|---|---|---|
| ABTAbbott Laboratories | 0.37% | 4.69% | 4.32% |
| AMGNAmgen Inc. | 0.17% | 4.70% | 4.53% |
| MRKMerck & Co. Inc. | 0.10% | 4.77% | 4.67% |
| CVXChevron Corp. | 0.57% | 4.02% | 3.45% |
| KOCoca Cola Co. | 0.01% | 4.17% | 4.16% |
| VZVerizon Communications, Inc. | 0.09% | 3.97% | 3.88% |
| COPConocophillips Co | 0.07% | 3.94% | 3.87% |
| UNHUnitedhealth Group Inc. | 0.14% | 3.82% | 3.68% |
| BMYBristol-Myers Squibb Co. | 0.41% | 3.33% | 2.92% |
| HDHome Depot Inc/The | -0.23% | 3.88% | 4.11% |
85.0% of SCHD 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 SCHD?
IALT has an expense ratio of 0.99% while SCHD charges 0.06%. SCHD is the cheaper option, by $93 a year on a $10,000 investment.
What is the holdings overlap between IALT and SCHD?
85.0% of SCHD's money is in holdings IALT also owns. 85.0% of SCHD's is in holdings IALT also owns. They hold 52 positions in common, counted across the 1,584 positions we hold weights for in IALT and 100 in SCHD.
Which pays a higher dividend, IALT or SCHD?
IALT yields 0.39% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than IALT?
SCHD has a lower expense ratio. IALT is less concentrated, with 7.7% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.