QALT vs. DINE

Last updated Aug 2, 2026

QALT (SEI DBi Multi-Strategy Alternative ETF) and DINE (Simplify Tax Aware Diversified Income Strategy ETF) are both Multistrategy funds. Both are actively managed. Their 0.55 correlation means they have sometimes moved together and sometimes differently. QALT charges 0.80%/yr vs 0.15%/yr for DINE.

Performance

QALT vs. DINE - Performance Comparison

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

Returns By Period

QALT

• 1D: 0.14%
• 1M: 0.83%
• 6M: 4.68%
• YTD: 7.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DINE

• 1D: 0.28%
• 1M: -1.28%
• 6M: —
• YTD: —
• 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)
DINE Simplify Tax Aware Diversified Income Strategy ETF	$50.67K	$29.27K	$11.59K
QALT SEI DBi Multi-Strategy Alternative ETF	$670.75K	$485.66K	$308.26K

QALT vs. DINE - Yearly Performance Comparison

	2026 (YTD)
QALT SEI DBi Multi-Strategy Alternative ETF	4.33%
DINE Simplify Tax Aware Diversified Income Strategy ETF	0.24%

Correlation

The correlation between QALT and DINE is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.55

Return for Risk

QALT vs. DINE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI DBi Multi-Strategy Alternative ETF (QALT) and Simplify Tax Aware Diversified Income Strategy ETF (DINE). 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

QALT vs. DINE - Drawdown Comparison

The maximum QALT drawdown since its inception was -4.85%, which is greater than DINE's maximum drawdown of -2.13%. Use the drawdown chart below to compare losses from any high point for QALT and DINE.

Drawdown Indicators

	QALT	DINE	Difference
Max Drawdown Largest peak-to-trough decline	-4.85%	-2.13%	-2.72%
Current Drawdown Current decline from peak	-0.62%	-1.52%	+0.90%
Average Drawdown Average peak-to-trough decline	-1.22%	-0.47%	-0.75%

Volatility

Volatility by Period

	QALT	DINE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	48.83%	4.40%	+44.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.83%	4.40%	+44.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.83%	4.40%	+44.43%

QALT vs. DINE - Expense Ratio Comparison

QALT has a 0.80% expense ratio, which is higher than DINE's 0.15% expense ratio.

Dividends

QALT vs. DINE - Dividend Comparison

QALT's dividend yield for the trailing twelve months is around 6.02%, more than DINE's 0.20% yield.

Position	TTM	2025
DINE Simplify Tax Aware Diversified Income Strategy ETF	0.20%	0.00%
QALT SEI DBi Multi-Strategy Alternative ETF	6.02%	5.15%

Frequently Asked Questions

Can I hold both QALT and DINE in my portfolio?

QALT and DINE have a correlation of 0.55, 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 DINE?

On fees, DINE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QALT or DINE?

DINE is cheaper with a 0.15% expense ratio, compared with 0.80% for QALT.

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

QALT has the higher dividend yield at 6.02%, compared with 0.20% for DINE.

What is the main difference between QALT and DINE?

They also come from different issuers: SEI and Simplify. Their fees differ too: 0.80% for QALT and 0.15% for DINE.