Simplify Tax Aware Diversified Income Strategy ETF (DINE) belongs to the Multistrategy category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with DINE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DINE
DINE charges 0.15% annually. No ETFs in the Multistrategy category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Twin Oak Short Horizon Absolute Return ETF | 0.25% | 43.96M | Aug 2024 | DINE vs TOAK | |
| Harbor Alpha Layering ETF | 0.70% | 7.93M | Aug 2025 | DINE vs HOLD | |
| SEI DBi Multi-Strategy Alternative ETF | 0.80% | 191.55M | Sep 2025 | DINE vs QALT | |
| Return Stacked Bonds & Futures Yield ETF | 0.98% | 91.83M | Aug 2024 | DINE vs RSBY | |
| iShares Systematic Alternatives Active ETF | 0.99% | 4.78B | Dec 2025 | DINE vs IALT |
Best Risk-Adjusted Alternatives to DINE
Among 6 ETFs in the Multistrategy category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 86.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Frontier Asset Absolute Return ETF | 86 | 11.67M | Dec 2024 | DINE vs FARX | |
| DGA Core Plus Absolute Return ETF | 68 | 19.61M | Aug 2023 | DINE vs HF | |
| Unlimited HFND Multi-Strategy Return Tracker ETF | 65 | 33.60M | Oct 2022 | DINE vs HFND | |
| Twin Oak Short Horizon Absolute Return ETF | 53 | 43.96M | Aug 2024 | DINE vs TOAK | |
| Return Stacked Bonds & Futures Yield ETF | 50 | 91.83M | Aug 2024 | DINE vs RSBY |
Top Performing DINE Alternatives (YTD)
Among 10 ETFs in the Multistrategy category with YTD return data, the top-performing alternatives shown here go as high as 19.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked Bonds & Futures Yield ETF | 19.89% | 91.83M | Aug 2024 | DINE vs RSBY | |
| iShares Systematic Alternatives Active ETF | 11.16% | 4.78B | Dec 2025 | DINE vs IALT | |
| Unlimited HFND Multi-Strategy Return Tracker ETF | 8.79% | 33.60M | Oct 2022 | DINE vs HFND | |
| Frontier Asset Absolute Return ETF | 7.61% | 11.67M | Dec 2024 | DINE vs FARX | |
| SEI DBi Multi-Strategy Alternative ETF | 7.12% | 191.55M | Sep 2025 | DINE vs QALT |
Lowest Volatility Alternatives to DINE
DINE has 4.28% 1-year volatility. There is 1 ETF in the Multistrategy category with lower 1-year volatility, going as low as 2.91%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Twin Oak Short Horizon Absolute Return ETF | 2.91% | 43.96M | Aug 2024 | DINE vs TOAK | |
| DGA Core Plus Absolute Return ETF | 5.63% | 19.61M | Aug 2023 | DINE vs HF | |
| Frontier Asset Absolute Return ETF | 7.34% | 11.67M | Dec 2024 | DINE vs FARX | |
| iShares Systematic Alternatives Active ETF | 7.76% | 4.78B | Dec 2025 | DINE vs IALT | |
| Unlimited HFND Multi-Strategy Return Tracker ETF | 9.82% | 33.60M | Oct 2022 | DINE vs HFND |
Lowest Drawdown Alternatives to DINE
Among 6 ETFs in the Multistrategy category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.81%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Twin Oak Short Horizon Absolute Return ETF | -1.81% | 43.96M | Aug 2024 | DINE vs TOAK | |
| Frontier Asset Absolute Return ETF | -2.99% | 11.67M | Dec 2024 | DINE vs FARX | |
| DGA Core Plus Absolute Return ETF | -3.14% | 19.61M | Aug 2023 | DINE vs HF | |
| Unlimited HFND Multi-Strategy Return Tracker ETF | -4.94% | 33.60M | Oct 2022 | DINE vs HFND | |
| Return Stacked Bonds & Futures Yield ETF | -7.95% | 91.83M | Aug 2024 | DINE vs RSBY |
Other ETFs from Simplify
The 10 most viewed Simplify ETFs shown here include SVOL, CTA, HEQT and span 14 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | Volatility | 15 | 1.49% | 531.04M | May 2021 | DINE vs SVOL | |
| Simplify Managed Futures Strategy ETF | Systematic Trend | 10 | -2.09% | 1.50B | Mar 2022 | DINE vs CTA | |
| Simplify Hedged Equity ETF | Equity Hedged, Options Trading, Actively Managed | 72 | 5.30% | 308.56M | Nov 2021 | DINE vs HEQT | |
| Simplify Bitcoin Strategy PLUS Income ETF | Cryptocurrency, Derivative Income | 2 | -39.96% | 23.74M | Sep 2022 | DINE vs MAXI | |
| Simplify Interest Rate Hedge ETF | Hedge Fund | 6 | -8.33% | 181.72M | May 2021 | DINE vs PFIX | |
| Simplify Treasury Option Income ETF | Government Bonds, Ultrashort Bond, Derivative Income | 89 | 2.25% | 470.81M | Oct 2022 | DINE vs BUCK | |
| Simplify High Yield ETF | High Yield Bonds | 6 | -1.42% | 396.55M | Feb 2022 | DINE vs CDX | |
| Simplify Enhanced Income ETF | Derivative Income, Dividend | 5 | -0.19% | 70.27M | Oct 2022 | DINE vs HIGH | |
| Simplify Aggregate Bond ETF | Intermediate Core Bond | 29 | 0.97% | 525.55M | Feb 2022 | DINE vs AGGH | |
| Simplify MBS ETF | Mortgage Backed Securities | 36 | 0.22% | 1.55B | Nov 2023 | DINE vs MTBA |
Compare DINE with Any Fund or Stock
Compare DINE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DINE with funds that move differently
Simplify Tax Aware Diversified Income Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DINE.
Explore DINE Diversifiers