SEI DBi Multi-Strategy Alternative ETF (QALT) 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 QALT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QALT
QALT charges 0.80% annually. There are 5 ETFs in the Multistrategy category with lower expense ratios, going as low as 0.15%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Tax Aware Diversified Income Strategy ETF | 0.15% | 2.50M | May 2026 | QALT vs DINE | |
| Twin Oak Short Horizon Absolute Return ETF | 0.25% | 43.96M | Aug 2024 | QALT vs TOAK | |
| Milliman Healthcare Inflation Guard ETF | 0.55% | 988.51K | Apr 2026 | QALT vs MHIG | |
| Harbor Alpha Layering ETF | 0.70% | 8.03M | Aug 2025 | QALT vs HOLD | |
| Simplify VettaFi Private Credit Strategy ETF | 0.76% | 2.34M | Sep 2025 | QALT vs PCR |
Best Risk-Adjusted Alternatives to QALT
Among 6 ETFs in the Multistrategy category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Frontier Asset Absolute Return ETF | 93 | 11.67M | Dec 2024 | QALT vs FARX | |
| DGA Core Plus Absolute Return ETF | 74 | 19.61M | Aug 2023 | QALT vs HF | |
| Unlimited HFND Multi-Strategy Return Tracker ETF | 65 | 33.60M | Oct 2022 | QALT vs HFND | |
| Twin Oak Short Horizon Absolute Return ETF | 62 | 43.96M | Aug 2024 | QALT vs TOAK | |
| Return Stacked Bonds & Futures Yield ETF | 43 | 58.39M | Aug 2024 | QALT vs RSBY |
Top Performing QALT Alternatives (YTD)
QALT is at 7.15% YTD. There are 4 ETFs in the Multistrategy category with higher YTD returns, going as high as 15.76%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked Bonds & Futures Yield ETF | 15.76% | 58.39M | Aug 2024 | QALT vs RSBY | |
| iShares Systematic Alternatives Active ETF | 13.61% | 5.32B | Dec 2025 | QALT vs IALT | |
| Frontier Asset Absolute Return ETF | 8.85% | 11.67M | Dec 2024 | QALT vs FARX | |
| Unlimited HFND Multi-Strategy Return Tracker ETF | 7.36% | 33.60M | Oct 2022 | QALT vs HFND | |
| DGA Core Plus Absolute Return ETF | 5.99% | 19.61M | Aug 2023 | QALT vs HF |
Lowest Volatility Alternatives to QALT
QALT has 48.83% 1-year volatility. There are 12 ETFs in the Multistrategy category with lower 1-year volatility, going as low as 3.12%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Twin Oak Short Horizon Absolute Return ETF | 3.12% | 43.96M | Aug 2024 | QALT vs TOAK | |
| Simplify Tax Aware Diversified Income Strategy ETF | 4.40% | 2.50M | May 2026 | QALT vs DINE | |
| DGA Core Plus Absolute Return ETF | 5.80% | 19.61M | Aug 2023 | QALT vs HF | |
| Frontier Asset Absolute Return ETF | 7.36% | 11.67M | Dec 2024 | QALT vs FARX | |
| Milliman Healthcare Inflation Guard ETF | 7.39% | 988.51K | Apr 2026 | QALT vs MHIG |
Lowest Drawdown Alternatives to QALT
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 | QALT vs TOAK | |
| Frontier Asset Absolute Return ETF | -2.99% | 11.67M | Dec 2024 | QALT vs FARX | |
| DGA Core Plus Absolute Return ETF | -3.14% | 19.61M | Aug 2023 | QALT vs HF | |
| Unlimited HFND Multi-Strategy Return Tracker ETF | -4.94% | 33.60M | Oct 2022 | QALT vs HFND | |
| Return Stacked Bonds & Futures Yield ETF | -7.95% | 58.39M | Aug 2024 | QALT vs RSBY |
Other ETFs from SEI
The 8 most viewed SEI ETFs shown here include SEIV, SEIM, SELV and span 9 categories. AUM among these funds goes as high as $1B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| SEI QiM U.S. Large Cap Value Active ETF | Large Cap Value Equities | 95 | 19.61% | 956.28M | May 2022 | QALT vs SEIV | |
| SEI Enhanced US Large Cap Momentum Factor ETF | Momentum, Large Cap Blend Equities | 60 | 15.26% | 989.57M | May 2022 | QALT vs SEIM | |
| SEI Enhanced Low Volatility US Large Cap ETF | Low Volatility | 60 | 6.90% | 168.13M | May 2022 | QALT vs SELV | |
| SEI Enhanced US Large Cap Quality Factor ETF | Quality Factor, Large Cap Blend Equities | 38 | 6.22% | 473.26M | May 2022 | QALT vs SEIQ | |
| SEI Select Emerging Markets Equity ETF | Emerging Markets Equities | 74 | 21.89% | — | Oct 2024 | QALT vs SEEM | |
| SEI Select International Equity ETF | Foreign Large Cap Equities | 77 | 13.41% | — | Oct 2024 | QALT vs SEIE | |
| SEI Select Small Cap ETF | Small Cap Blend Equities | 59 | 15.72% | — | Oct 2024 | QALT vs SEIS | |
| SEI High Yield Bond & Alternative Credit ETF | High Yield Bonds | — | — | 1.03B | Jan 1995 | QALT vs LEND |
Often Compared With QALT
Investors most often compare QALT with LALT, QIS, IBTI. These 20 comparison targets span 17 categories, based on PortfoliosLab usage data.
Compare QALT with Any Fund or Stock
Compare QALT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QALT with funds that move differently
SEI DBi Multi-Strategy Alternative ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QALT.
Explore QALT Diversifiers