LEND vs. QALT

Last updated Jul 28, 2026

LEND (SEI High Yield Bond & Alternative Credit ETF) and QALT (SEI DBi Multi-Strategy Alternative ETF) are both exchange-traded funds - LEND is a High Yield Bonds fund actively managed by SEI, while QALT is a Multistrategy fund actively managed by SEI. Both are actively managed. Their 0.38 correlation means their historical movements had little consistent relationship. LEND charges 0.65%/yr vs 0.80%/yr for QALT.

Performance

LEND vs. QALT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI High Yield Bond & Alternative Credit ETF (LEND) and SEI DBi Multi-Strategy Alternative ETF (QALT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LEND

• 1D: -0.02%
• 1M: 0.62%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QALT

• 1D: 0.06%
• 1M: 1.26%
• 6M: 5.45%
• YTD: 7.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LEND SEI High Yield Bond & Alternative Credit ETF	$3.10M	$2.41M	$1.91M
QALT SEI DBi Multi-Strategy Alternative ETF	$692.30K	$509.48K	$303.65K

LEND vs. QALT - Yearly Performance Comparison

	2026 (YTD)
LEND SEI High Yield Bond & Alternative Credit ETF	0.58%
QALT SEI DBi Multi-Strategy Alternative ETF	2.73%

Correlation

The correlation between LEND and QALT is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 18, 2026	0.38

Return for Risk

LEND vs. QALT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI High Yield Bond & Alternative Credit ETF (LEND) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

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

Drawdowns

LEND vs. QALT - Drawdown Comparison

The maximum LEND drawdown since its inception was -0.87%, smaller than the maximum QALT drawdown of -4.85%. Use the drawdown chart below to compare losses from any high point for LEND and QALT.

Drawdown Indicators

	LEND	QALT	Difference
Max Drawdown Largest peak-to-trough decline	-0.87%	-4.85%	+3.98%
Current Drawdown Current decline from peak	-0.38%	-0.21%	-0.17%
Average Drawdown Average peak-to-trough decline	-0.28%	-1.23%	+0.95%

Volatility

Volatility by Period

	LEND	QALT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.19%	49.25%	-46.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.19%	49.25%	-46.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.19%	49.25%	-46.06%

LEND vs. QALT - Expense Ratio Comparison

LEND has a 0.65% expense ratio, which is lower than QALT's 0.80% expense ratio.

Dividends

LEND vs. QALT - Dividend Comparison

LEND's dividend yield for the trailing twelve months is around 0.98%, less than QALT's 5.99% yield.

Position	TTM	2025
LEND SEI High Yield Bond & Alternative Credit ETF	0.98%	0.00%
QALT SEI DBi Multi-Strategy Alternative ETF	5.99%	5.15%

Frequently Asked Questions

Can I hold both LEND and QALT in my portfolio?

LEND and QALT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LEND or QALT?

On fees, LEND is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LEND or QALT?

LEND is cheaper with a 0.65% expense ratio, compared with 0.80% for QALT.

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

QALT has the higher dividend yield at 5.99%, compared with 0.98% for LEND.

What is the main difference between LEND and QALT?

LEND is categorized as High Yield Bonds, while QALT is Multistrategy. Their fees differ too: 0.65% for LEND and 0.80% for QALT.