DMA vs IALT

Destra Multi-Alternative Fund against iShares Systematic Alternatives Active ETF: cost, size, returns, what they hold and how much of it is the same.

Fee gap
—
same fee
1-year return gap
—
Larger fund
IALT
$7.8B

Side by side

DMAIALT
FundDestra Multi-Alternative FundiShares Systematic Alternatives Active ETF
IssuerDestraiShares
CategoryMulti-StrategyMulti-Strategy
Expense ratio—0.99%
Assets—$7.8B
Average daily dollar volume$139K$112M
ListedJan 13, 2022Dec 9, 2025
FrenzyCap score—73
1-month return−7.8%+0.3%
3-month return−8.2%+3.9%
Year to date−21.2%+18.0%
1-year return−18.8%—
30-day volatility19.3%6.2%
Worst drawdown, 1 year−23.8%−2.3%
Trailing 12-month yield—0.38%
Holdings—2,228
Top 10 weight—57.4%
Look-through P/E——
Holdings vs fair value—−4.0%
Holdings above 200-day average——
Net flow, latest 3 reported months—+$822M thru Jul 2026
30-day implied volatility——
Holdings as ofas of Oct 20, 2026issuer data

Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.

More: full overlap table · DMA holdings · IALT holdings

Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.