QALT vs. LEND

Last updated Jul 12, 2026

QALT (SEI DBi Multi-Strategy Alternative ETF) and LEND (SEI High Yield Bond & Alternative Credit ETF) are both exchange-traded funds - QALT is a Multistrategy fund actively managed by SEI, while LEND is a High Yield Bonds fund actively managed by SEI. Both are actively managed. At a 0.38 correlation, their price movements are largely independent. QALT charges 0.80%/yr vs 0.65%/yr for LEND.

Performance

QALT vs. LEND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI DBi Multi-Strategy Alternative ETF (QALT) and SEI High Yield Bond & Alternative Credit ETF (LEND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QALT

• 1D: 0.04%
• 1M: 1.02%
• 6M: 5.74%
• YTD: 7.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LEND

• 1D: -0.16%
• 1M: 0.15%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QALT vs. LEND - Yearly Performance Comparison

	2026 (YTD)
QALT SEI DBi Multi-Strategy Alternative ETF	2.22%
LEND SEI High Yield Bond & Alternative Credit ETF	0.30%

Correlation

The correlation between QALT and LEND is 0.38, 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 May 18, 2026	0.38

Return for Risk

QALT vs. LEND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI DBi Multi-Strategy Alternative ETF (QALT) and SEI High Yield Bond & Alternative Credit ETF (LEND). 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. LEND - Drawdown Comparison

The maximum QALT drawdown since its inception was -4.85%, which is greater than LEND's maximum drawdown of -0.87%. Use the drawdown chart below to compare losses from any high point for QALT and LEND.

Drawdown Indicators

	QALT	LEND	Difference
Max Drawdown Largest peak-to-trough decline	-4.85%	-0.87%	-3.98%
Current Drawdown Current decline from peak	-0.35%	-0.44%	+0.09%
Average Drawdown Average peak-to-trough decline	-1.28%	-0.28%	-1.00%

Volatility

Volatility by Period

	QALT	LEND	Difference
Volatility (1Y) Calculated over the trailing 1-year period	50.45%	3.34%	+47.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.45%	3.34%	+47.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.45%	3.34%	+47.11%

QALT vs. LEND - Expense Ratio Comparison

QALT has a 0.80% expense ratio, which is higher than LEND's 0.65% expense ratio.

Dividends

QALT vs. LEND - Dividend Comparison

QALT's dividend yield for the trailing twelve months is around 6.02%, more than LEND's 0.98% yield.

Position	TTM	2025
LEND SEI High Yield Bond & Alternative Credit ETF	0.98%	0.00%
QALT SEI DBi Multi-Strategy Alternative ETF	6.02%	5.15%

Frequently Asked Questions

Can I hold both QALT and LEND in my portfolio?

QALT and LEND have a correlation of 0.38, 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 LEND?

On fees, LEND is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QALT or LEND?

LEND is cheaper with a 0.65% expense ratio, compared with 0.80% for QALT.

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

QALT has the higher dividend yield at 6.02%, compared with 0.98% for LEND.

What is the main difference between QALT and LEND?

QALT is categorized as Multistrategy, while LEND is High Yield Bonds. Their fees differ too: 0.80% for QALT and 0.65% for LEND.