HFND vs. QALT
HFND (Unlimited HFND Multi-Strategy Return Tracker ETF) and QALT (SEI DBi Multi-Strategy Alternative ETF) are both Multistrategy funds. Both are actively managed. A 0.65 correlation means they provide meaningful diversification when combined. HFND charges 1.22%/yr vs 0.80%/yr for QALT.
Performance
HFND vs. QALT - Performance Comparison
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Returns By Period
In the year-to-date period, HFND achieves a 8.65% return, which is significantly higher than QALT's 6.22% return.
HFND
- 1D
- -0.45%
- 1M
- 2.07%
- YTD
- 8.65%
- 6M
- 8.06%
- 1Y
- 18.87%
- 3Y*
- 10.00%
- 5Y*
- —
- 10Y*
- —
QALT
- 1D
- -0.09%
- 1M
- 3.42%
- YTD
- 6.22%
- 6M
- 6.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HFND vs. QALT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HFND Unlimited HFND Multi-Strategy Return Tracker ETF | 8.65% | 3.64% |
QALT SEI DBi Multi-Strategy Alternative ETF | 6.22% | 4.91% |
Correlation
The correlation between HFND and QALT is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 26, 2025 | 0.65 |
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Return for Risk
HFND vs. QALT — Risk / Return Rank
HFND
QALT
HFND vs. QALT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and SEI DBi Multi-Strategy Alternative ETF (QALT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| HFND | QALT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | — | — |
| Martin ratioReturn relative to average drawdown | 14.31 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HFND | QALT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 1.98 | -1.05 |
Drawdowns
HFND vs. QALT - Drawdown Comparison
The maximum HFND drawdown since its inception was -13.31%, which is greater than QALT's maximum drawdown of -4.85%. Use the drawdown chart below to compare losses from any high point for HFND and QALT.
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Drawdown Indicators
| HFND | QALT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.31% | -4.85% | -8.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.94% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.31% | — | — |
Current DrawdownCurrent decline from peak | -0.45% | -0.27% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -1.37% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | — | — |
Volatility
HFND vs. QALT - Volatility Comparison
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Volatility by Period
| HFND | QALT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.42% | 7.63% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.47% | 7.63% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.47% | 7.63% | +1.84% |
HFND vs. QALT - Expense Ratio Comparison
HFND has a 1.22% expense ratio, which is higher than QALT's 0.80% expense ratio.
Dividends
HFND vs. QALT - Dividend Comparison
HFND's dividend yield for the trailing twelve months is around 4.68%, less than QALT's 5.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HFND Unlimited HFND Multi-Strategy Return Tracker ETF | 4.68% | 5.08% | 3.70% | 1.41% | 0.43% |
QALT SEI DBi Multi-Strategy Alternative ETF | 5.46% | 5.15% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HFND and QALT have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QALT is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QALT is cheaper with a 0.80% expense ratio, compared with 1.22% for HFND.
QALT has the higher dividend yield at 5.46%, compared with 4.68% for HFND.
They also come from different issuers: Tidal ETFs and SEI. Their fees differ too: 1.22% for HFND and 0.80% for QALT.
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