UPARvsIALTETF Comparison
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UPAR Ultra Risk Parity ETF (UPAR) and iShares Systematic Alternatives Active ETF (IALT) belong to the same industry segment: Multi-Asset: Other. UPAR is less expensive with a Total Expense Ratio (TER) of 0.67%, versus 0.99% for IALT. UPAR is up 1.54% year-to-date (YTD) with -$9M in YTD flows. IALT performs better with 17.71% YTD performance, and +$7.33B in YTD flows. Run a side-by-side ETF comparison of UPAR and IALT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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UPAR vs IALT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UPAR IALT | -1.87%+0.89% | -1.98%+4.50% | +1.54%+17.71% | +0.91%n/a | +42.79%n/a | n/an/a |
| Flows | UPAR IALT | -+$1.72B | -$3M+$2.37B | -$9M+$7.33B | -$6M- | -$35M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UPAR IALT | +13.14%+5.33% | +14.69%n/a | +15.03%n/a | n/an/a |
| Max drawdown | UPAR IALT | -9.76%-1.97% | -12.95%n/a | -15.67%n/a | n/an/a |
| Max drawdown duration | UPAR IALT | 52d15d | 229dn/a | 330dn/a | n/an/a |
Trading data
UPAR | IALT | |
Last sale 10/16/2026 at 1:30 PM | $15.32 | $29.71 |
| Previous close 10/15/2026 | $15.33 | $29.88 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
UPAR | IALT | |
|---|---|---|
| Last price | $15.32 | $29.71 |
| 1D performance | -0.05% | -0.57% |
| AuM | $54.72 M | $7.66 B |
| E/R | 0.67% | 0.99% |
Characteristics
UPAR | IALT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Evoke-Aris | iShares |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 3, 2022 | December 10, 2025 |
| ESG | No | No |
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Exposure
Countries
UPAR
Data will be available soon
IALT
Data will be available soon
Sectors
UPAR
Data will be available soon
IALT
Data will be available soon
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Diversification
UPAR
Data will be available soon
IALT
Data will be available soon
Top 15 holdings
Data as of January 1, 1970
UPAR
Data will be available soon
IALT
Data will be available soon
Frequently asked questions about UPAR and IALT
How have the UPAR and IALT ETFs performed in 2026?
As of October 16, 2026, UPAR is up 1.54% year-to-date (YTD), while IALT has returned 17.71%. That puts IALT better performer ahead so far this year.
Which ETF is attracting more investor money: UPAR or IALT?
Year-to-date, the UPAR ETF saw -$9M in flows, compared to +$7.33B for IALT.
Which ETF is bigger: UPAR or IALT?
As of October 16, 2026, UPAR holds $54.72 M in assets under management (AUM), while IALT manages $7.66 B.
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Latest news about UPAR & IALT
ETF First Look: SPDR Bridgewater All Weather ETF (ALLW)
March 13, 2025
UPAR
Risk parity ETFs: Were they effective in 2022?
October 20, 2022
UPAR
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