QALT vs. FARX
QALT (SEI DBi Multi-Strategy Alternative ETF) and FARX (Frontier Asset Absolute Return ETF) are both Multistrategy funds. Both are actively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. QALT charges 0.80%/yr vs 1.00%/yr for FARX.
Performance
QALT vs. FARX - Performance Comparison
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Returns By Period
In the year-to-date period, QALT achieves a 6.99% return, which is significantly lower than FARX's 8.63% return.
QALT
- 1D
- -0.15%
- 1M
- 0.68%
- 6M
- 4.02%
- YTD
- 6.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FARX
- 1D
- -0.20%
- 1M
- 1.25%
- 6M
- 5.42%
- YTD
- 8.63%
- 1Y
- 18.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.60K | $28.52K | $40.44K | |
| $646.82K | $495.56K | $313.10K |
QALT vs. FARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QALT SEI DBi Multi-Strategy Alternative ETF | 6.99% | 53.86% |
FARX Frontier Asset Absolute Return ETF | 8.63% | 6.61% |
Correlation
The correlation between QALT and FARX is 0.62, 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 Aug 25, 2025 | 0.62 |
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Return for Risk
QALT vs. FARX — Risk / Return Rank
QALT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FARX
QALT vs. FARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI DBi Multi-Strategy Alternative ETF (QALT) and Frontier Asset Absolute Return ETF (FARX). 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 | FARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.48 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.09 | — |
| Martin ratioReturn relative to average drawdown | — | 18.35 | — |
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Drawdowns
QALT vs. FARX - Drawdown Comparison
The maximum QALT drawdown since its inception was -4.85%, smaller than the maximum FARX drawdown of -5.83%. Use the drawdown chart below to compare losses from any high point for QALT and FARX.
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Drawdown Indicators
| QALT | FARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.85% | -5.83% | +0.98% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.99% | — |
Current DrawdownCurrent decline from peak | -0.77% | -1.19% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -1.08% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.99% | — |
Volatility
QALT vs. FARX - Volatility Comparison
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Volatility by Period
| QALT | FARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.69% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 48.73% | 7.35% | +41.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.73% | 6.98% | +41.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.73% | 6.98% | +41.75% |
QALT vs. FARX - Expense Ratio Comparison
QALT has a 0.80% expense ratio, which is lower than FARX's 1.00% expense ratio.
Dividends
QALT vs. FARX - Dividend Comparison
QALT's dividend yield for the trailing twelve months is around 6.02%, more than FARX's 2.87% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FARX Frontier Asset Absolute Return ETF | 2.87% | 3.25% | 0.19% |
QALT SEI DBi Multi-Strategy Alternative ETF | 6.02% | 5.15% | 0.00% |
Frequently Asked Questions
QALT and FARX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
QALT is cheaper with a 0.80% expense ratio, compared with 1.00% for FARX.
QALT has the higher dividend yield at 6.02%, compared with 2.87% for FARX.
They also come from different issuers: SEI and Frontier. Their fees differ too: 0.80% for QALT and 1.00% for FARX.
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