QALT vs. IALT

Last updated Aug 2, 2026

QALT (SEI DBi Multi-Strategy Alternative ETF) and IALT (iShares Systematic Alternatives Active ETF) are both Multistrategy funds. Both are actively managed. Their 0.46 correlation means their historical movements had little consistent relationship. 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 7.15% return, which is significantly lower than IALT's 13.61% return.

QALT

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

IALT

• 1D: 0.14%
• 1M: 2.17%
• 6M: 10.96%
• YTD: 13.61%
• 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)
IALT iShares Systematic Alternatives Active ETF	$39.70M	$35.42M	$112.35M
QALT SEI DBi Multi-Strategy Alternative ETF	$670.75K	$485.66K	$308.26K

QALT vs. IALT - Yearly Performance Comparison

	2026 (YTD)	2025
QALT SEI DBi Multi-Strategy Alternative ETF	7.15%	0.73%
IALT iShares Systematic Alternatives Active ETF	13.61%	0.83%

Correlation

The correlation between QALT and IALT is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025	0.46

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.

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. IALT - Drawdown Comparison

The maximum QALT drawdown since its inception was -4.85%, which is greater than IALT's maximum drawdown of -2.27%. 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%	-2.27%	-2.58%
Current Drawdown Current decline from peak	-0.62%	-0.76%	+0.14%
Average Drawdown Average peak-to-trough decline	-1.22%	-0.49%	-0.73%

Volatility

Volatility by Period

	QALT	IALT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	48.83%	8.03%	+40.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.83%	8.03%	+40.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.83%	8.03%	+40.80%

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 6.02%, more than IALT's 0.40% yield.

Position	TTM	2025
IALT iShares Systematic Alternatives Active ETF	0.40%	0.14%
QALT SEI DBi Multi-Strategy Alternative ETF	6.02%	5.15%

Frequently Asked Questions

Can I hold both QALT and IALT in my portfolio?

QALT and IALT have a correlation of 0.46, 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 IALT?

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 IALT?

QALT is cheaper with a 0.80% expense ratio, compared with 0.99% for IALT.

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

QALT has the higher dividend yield at 6.02%, compared with 0.40% for IALT.

What is the main difference between QALT and IALT?

They also come from different issuers: SEI and iShares. Their fees differ too: 0.80% for QALT and 0.99% for IALT.