QALT vs. IALT

Last updated Apr 17, 2026

QALT (SEI DBi Multi-Strategy Alternative ETF) and IALT (iShares Systematic Alternatives Active ETF) are both Multistrategy funds. Both are actively managed. At 0.43, their price movements are largely independent. QALT charges 0.80%/yr vs 0.99%/yr for IALT.

Performance

QALT vs. IALT - Performance Comparison

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

Returns By Period

In the year-to-date period, QALT achieves a 2.22% return, which is significantly lower than IALT's 9.31% return.

QALT

• 1D: 0.04%
• 1M: 0.05%
• YTD: 2.22%
• 6M: 4.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IALT

• 1D: 0.36%
• 1M: 3.15%
• YTD: 9.31%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QALT vs. IALT - Yearly Performance Comparison

	2026 (YTD)	2025
QALT SEI DBi Multi-Strategy Alternative ETF	2.22%	0.34%
IALT iShares Systematic Alternatives Active ETF	9.31%	0.73%

Correlation

The correlation between QALT and IALT is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.43

Return for Risk

QALT vs. IALT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI DBi Multi-Strategy Alternative ETF (QALT) and iShares Systematic Alternatives Active ETF (IALT). 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	IALT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.42	4.33	-2.91

Drawdowns

QALT vs. IALT - Drawdown Comparison

The maximum QALT drawdown since its inception was -4.85%, which is greater than IALT's maximum drawdown of -1.47%. Use the drawdown chart below to compare losses from any high point for QALT and IALT.

Drawdown Indicators

	QALT	IALT	Difference
Max Drawdown Largest peak-to-trough decline	-4.85%	-1.47%	-3.38%
Current Drawdown Current decline from peak	-4.03%	-1.04%	-2.99%
Average Drawdown Average peak-to-trough decline	-1.17%	-0.30%	-0.87%

Volatility

Volatility by Period

	QALT	IALT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	8.18%	7.48%	+0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.18%	7.48%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.18%	7.48%	+0.70%

QALT vs. IALT - Expense Ratio Comparison

QALT has a 0.80% expense ratio, which is lower than IALT's 0.99% expense ratio.

Dividends

QALT vs. IALT - Dividend Comparison

QALT's dividend yield for the trailing twelve months is around 5.67%, more than IALT's 0.12% yield.

	TTM	2025
QALT SEI DBi Multi-Strategy Alternative ETF	5.67%	5.15%
IALT iShares Systematic Alternatives Active ETF	0.12%	0.14%