HOLD vs. QALT

Last updated Jun 6, 2026

HOLD (Harbor Alpha Layering ETF) and QALT (SEI DBi Multi-Strategy Alternative ETF) are both Multistrategy funds. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. HOLD charges 0.70%/yr vs 0.80%/yr for QALT.

Performance

HOLD vs. QALT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Alpha Layering ETF (HOLD) and SEI DBi Multi-Strategy Alternative ETF (QALT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOLD achieves a 11.09% return, which is significantly higher than QALT's 5.26% return.

HOLD

• 1D: -2.41%
• 1M: 1.15%
• YTD: 11.09%
• 6M: 11.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QALT

• 1D: -0.88%
• 1M: 1.61%
• YTD: 5.26%
• 6M: 6.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HOLD vs. QALT - Yearly Performance Comparison

	2026 (YTD)	2025
HOLD Harbor Alpha Layering ETF	11.09%	8.65%
QALT SEI DBi Multi-Strategy Alternative ETF	5.26%	4.91%

Correlation

The correlation between HOLD and QALT is 0.67, 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	0.67

Return for Risk

HOLD vs. QALT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Alpha Layering ETF (HOLD) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HOLD	QALT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	1.78	-0.07

Drawdowns

HOLD vs. QALT - Drawdown Comparison

The maximum HOLD drawdown since its inception was -9.47%, which is greater than QALT's maximum drawdown of -4.85%. Use the drawdown chart below to compare losses from any high point for HOLD and QALT.

Drawdown Indicators

	HOLD	QALT	Difference
Max Drawdown Largest peak-to-trough decline	-9.47%	-4.85%	-4.62%
Current Drawdown Current decline from peak	-2.59%	-1.17%	-1.42%
Average Drawdown Average peak-to-trough decline	-1.95%	-1.36%	-0.59%

Volatility

Volatility by Period

	HOLD	QALT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.41%	7.66%	+7.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.41%	7.66%	+7.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.41%	7.66%	+7.75%

HOLD vs. QALT - Expense Ratio Comparison

HOLD has a 0.70% expense ratio, which is lower than QALT's 0.80% expense ratio.

Dividends

HOLD vs. QALT - Dividend Comparison

HOLD's dividend yield for the trailing twelve months is around 6.59%, more than QALT's 5.50% yield.

Position	TTM	2025
HOLD Harbor Alpha Layering ETF	6.59%	7.32%
QALT SEI DBi Multi-Strategy Alternative ETF	5.50%	5.15%

Frequently Asked Questions

Can I hold both HOLD and QALT in my portfolio?

HOLD and QALT have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOLD or QALT?

On fees, HOLD is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOLD or QALT?

HOLD is cheaper with a 0.70% expense ratio, compared with 0.80% for QALT.

Which ETF pays a higher dividend yield, HOLD or QALT?

HOLD has the higher dividend yield at 6.59%, compared with 5.50% for QALT.

What is the main difference between HOLD and QALT?

They also come from different issuers: Harbor and SEI. Their fees differ too: 0.70% for HOLD and 0.80% for QALT.