QALT vs. LALT
QALT (SEI DBi Multi-Strategy Alternative ETF) and LALT (First Trust Multi-Strategy Alternative ETF) are both exchange-traded funds — QALT is a Multistrategy fund actively managed by SEI, while LALT is a Global Allocation fund actively managed by First Trust. Both are actively managed. At 0.32, their price movements are largely independent. QALT charges 0.80%/yr vs 1.94%/yr for LALT.
Performance
QALT vs. LALT - Performance Comparison
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Returns By Period
In the year-to-date period, QALT achieves a 2.22% return, which is significantly lower than LALT's 9.88% return.
QALT
- 1D
- 0.04%
- 1M
- 0.05%
- YTD
- 2.22%
- 6M
- 4.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LALT
- 1D
- -0.09%
- 1M
- 0.87%
- YTD
- 9.88%
- 6M
- 10.78%
- 1Y
- 23.40%
- 3Y*
- 10.05%
- 5Y*
- —
- 10Y*
- —
QALT vs. LALT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QALT SEI DBi Multi-Strategy Alternative ETF | 2.22% | 4.91% |
LALT First Trust Multi-Strategy Alternative ETF | 9.88% | 4.79% |
Correlation
The correlation between QALT and LALT is 0.32, 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 Aug 26, 2025 | 0.32 |
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Return for Risk
QALT vs. LALT — Risk / Return Rank
QALT
LALT
QALT vs. LALT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI DBi Multi-Strategy Alternative ETF (QALT) and First Trust Multi-Strategy Alternative ETF (LALT). 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.
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Sharpe Ratios by Period
| QALT | LALT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.42 | 1.63 | -0.21 |
Drawdowns
QALT vs. LALT - Drawdown Comparison
The maximum QALT drawdown since its inception was -4.85%, smaller than the maximum LALT drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for QALT and LALT.
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Drawdown Indicators
| QALT | LALT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.85% | -6.97% | +2.12% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.87% | — |
Current DrawdownCurrent decline from peak | -4.03% | -0.26% | -3.77% |
Average DrawdownAverage peak-to-trough decline | -1.17% | -1.00% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.76% | — |
Volatility
QALT vs. LALT - Volatility Comparison
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Volatility by Period
| QALT | LALT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.18% | 6.88% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.18% | 5.84% | +2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.18% | 5.84% | +2.34% |
QALT vs. LALT - Expense Ratio Comparison
QALT has a 0.80% expense ratio, which is lower than LALT's 1.94% expense ratio.
Dividends
QALT vs. LALT - Dividend Comparison
QALT's dividend yield for the trailing twelve months is around 5.67%, more than LALT's 3.71% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QALT SEI DBi Multi-Strategy Alternative ETF | 5.67% | 5.15% | 0.00% | 0.00% |
LALT First Trust Multi-Strategy Alternative ETF | 3.71% | 2.03% | 2.06% | 2.44% |