QALT vs. DBMF

Last updated Jun 4, 2026

QALT (SEI DBi Multi-Strategy Alternative ETF) and DBMF (iMGP DBi Managed Futures Strategy ETF) are both exchange-traded funds - QALT is a Multistrategy fund actively managed by SEI, while DBMF is a Systematic Trend fund actively managed by iM Global Partners. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. QALT charges 0.80%/yr vs 0.85%/yr for DBMF.

Performance

QALT vs. DBMF - Performance Comparison

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

Returns By Period

In the year-to-date period, QALT achieves a 6.22% return, which is significantly lower than DBMF's 12.42% return.

QALT

• 1D: -0.09%
• 1M: 3.42%
• YTD: 6.22%
• 6M: 6.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBMF

• 1D: 0.03%
• 1M: 2.35%
• YTD: 12.42%
• 6M: 14.20%
• 1Y: 31.40%
• 3Y*: 10.81%
• 5Y*: 8.46%
• 10Y*: —

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

QALT vs. DBMF - Yearly Performance Comparison

	2026 (YTD)	2025
QALT SEI DBi Multi-Strategy Alternative ETF	6.22%	4.91%
DBMF iMGP DBi Managed Futures Strategy ETF	12.42%	12.82%

Correlation

The correlation between QALT and DBMF 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

QALT vs. DBMF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBMF

DBMF Risk / Return Rank: 83
DBMF Sharpe Ratio Rank: 78
DBMF Sortino Ratio Rank: 73
DBMF Omega Ratio Rank: 87
DBMF Calmar Ratio Rank: 88
DBMF Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QALT vs. DBMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI DBi Multi-Strategy Alternative ETF (QALT) and iMGP DBi Managed Futures Strategy ETF (DBMF). 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

	QALT	DBMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.59	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	0.77	+1.21

Drawdowns

QALT vs. DBMF - Drawdown Comparison

The maximum QALT drawdown since its inception was -4.85%, smaller than the maximum DBMF drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for QALT and DBMF.

Drawdown Indicators

	QALT	DBMF	Difference
Max Drawdown Largest peak-to-trough decline	-4.85%	-20.39%	+15.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.60%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.39%	—
Current Drawdown Current decline from peak	-0.27%	0.00%	-0.27%
Average Drawdown Average peak-to-trough decline	-1.37%	-6.59%	+5.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.65%	—

Volatility

Volatility by Period

	QALT	DBMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.63%	12.17%	-4.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.63%	12.52%	-4.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.63%	12.41%	-4.78%

QALT vs. DBMF - Expense Ratio Comparison

QALT has a 0.80% expense ratio, which is lower than DBMF's 0.85% expense ratio.

Dividends

QALT vs. DBMF - Dividend Comparison

QALT's dividend yield for the trailing twelve months is around 5.46%, more than DBMF's 5.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DBMF iMGP DBi Managed Futures Strategy ETF	5.09%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%
QALT SEI DBi Multi-Strategy Alternative ETF	5.46%	5.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QALT and DBMF in my portfolio?

QALT and DBMF 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, QALT or DBMF?

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 DBMF?

QALT is cheaper with a 0.80% expense ratio, compared with 0.85% for DBMF.

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

QALT has the higher dividend yield at 5.46%, compared with 5.09% for DBMF.

What is the main difference between QALT and DBMF?

QALT is categorized as Multistrategy, while DBMF is Systematic Trend. They also come from different issuers: SEI and iM Global Partners. Their fees differ too: 0.80% for QALT and 0.85% for DBMF.