QALT vs. AMLP

Last updated Aug 6, 2026

QALT (SEI DBi Multi-Strategy Alternative ETF) and AMLP (Alerian MLP ETF) are both exchange-traded funds - QALT is a Multistrategy fund actively managed by SEI, while AMLP is a MLPs fund tracking the Alerian MLP Infrastructure Index. QALT is actively managed, while AMLP is passively managed. Their -0.05 correlation means they have often moved in opposite directions in the past. QALT charges 0.80%/yr vs 0.90%/yr for AMLP.

Performance

QALT vs. AMLP - Performance Comparison

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

Returns By Period

In the year-to-date period, QALT achieves a 7.21% return, which is significantly lower than AMLP's 20.23% return.

QALT

• 1D: -0.26%
• 1M: 0.19%
• 6M: 4.00%
• YTD: 7.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

AMLP

• 1D: -1.16%
• 1M: 4.70%
• 6M: 11.68%
• YTD: 20.23%
• 1Y: 19.62%
• 3Y*: 19.15%
• 5Y*: 20.05%
• 10Y*: 6.91%
• ALL TIME*: 5.78%

*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)
AMLP Alerian MLP ETF	$73.87M	$62.93M	$74.06M
QALT SEI DBi Multi-Strategy Alternative ETF	$532.23K	$477.08K	$312.37K

QALT vs. AMLP - Yearly Performance Comparison

	2026 (YTD)	2025
QALT SEI DBi Multi-Strategy Alternative ETF	7.21%	53.86%
AMLP Alerian MLP ETF	20.23%	-0.49%

Correlation

The correlation between QALT and AMLP is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 25, 2025	-0.05

Return for Risk

QALT vs. AMLP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QALT

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

AMLP

AMLP Risk / Return Rank: 55
AMLP Sharpe Ratio Rank: 57
AMLP Sortino Ratio Rank: 56
AMLP Omega Ratio Rank: 53
AMLP Calmar Ratio Rank: 59
AMLP Martin Ratio Rank: 51

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QALT vs. AMLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI DBi Multi-Strategy Alternative ETF (QALT) and Alerian MLP ETF (AMLP). 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.

	QALT	AMLP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.58	—
Sortino ratio: Return per unit of downside risk	—	2.22	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	2.39	—
Martin ratio: Return relative to average drawdown	—	6.69	—

Drawdowns

QALT vs. AMLP - Drawdown Comparison

The maximum QALT drawdown since its inception was -4.85%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for QALT and AMLP.

Drawdown Indicators

	QALT	AMLP	Difference
Max Drawdown Largest peak-to-trough decline	-4.85%	-77.19%	+72.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.25%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.27%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.92%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-72.62%	—
Current Drawdown Current decline from peak	-0.57%	-1.74%	+1.17%
Average Drawdown Average peak-to-trough decline	-1.21%	-17.25%	+16.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.94%	—

Volatility

Volatility by Period

	QALT	AMLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	48.53%	12.53%	+36.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.53%	19.34%	+29.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.53%	27.65%	+20.88%

QALT vs. AMLP - Expense Ratio Comparison

QALT has a 0.80% expense ratio, which is lower than AMLP's 0.90% expense ratio.

Dividends

QALT vs. AMLP - Dividend Comparison

QALT's dividend yield for the trailing twelve months is around 6.01%, less than AMLP's 7.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMLP Alerian MLP ETF	7.40%	8.36%	7.70%	7.86%	7.70%	8.55%	12.31%	9.12%	9.29%	7.97%	8.09%	9.84%
QALT SEI DBi Multi-Strategy Alternative ETF	6.01%	5.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QALT and AMLP in my portfolio?

QALT and AMLP have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QALT or AMLP?

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.

Which ETF is cheaper, QALT or AMLP?

QALT is cheaper with a 0.80% expense ratio, compared with 0.90% for AMLP.

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

AMLP has the higher dividend yield at 7.40%, compared with 6.01% for QALT.

What is the main difference between QALT and AMLP?

QALT is categorized as Multistrategy, while AMLP is MLPs. They also come from different issuers: SEI and SS&C. Their fees differ too: 0.80% for QALT and 0.90% for AMLP.