QALT vs. MHIG

Last updated Jul 12, 2026

QALT (SEI DBi Multi-Strategy Alternative ETF) and MHIG (Milliman Healthcare Inflation Guard ETF) are both Multistrategy funds. Both are actively managed. At a 0.19 correlation, their price movements are largely independent. QALT charges 0.80%/yr vs 0.55%/yr for MHIG.

Performance

QALT vs. MHIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI DBi Multi-Strategy Alternative ETF (QALT) and Milliman Healthcare Inflation Guard ETF (MHIG). 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*: —

MHIG

• 1D: -0.21%
• 1M: 0.36%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QALT vs. MHIG - Yearly Performance Comparison

	2026 (YTD)
QALT SEI DBi Multi-Strategy Alternative ETF	4.83%
MHIG Milliman Healthcare Inflation Guard ETF	-2.02%

Correlation

The correlation between QALT and MHIG is 0.19, 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 Apr 21, 2026	0.19

Return for Risk

QALT vs. MHIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI DBi Multi-Strategy Alternative ETF (QALT) and Milliman Healthcare Inflation Guard ETF (MHIG). 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. MHIG - Drawdown Comparison

The maximum QALT drawdown since its inception was -4.85%, which is greater than MHIG's maximum drawdown of -3.06%. Use the drawdown chart below to compare losses from any high point for QALT and MHIG.

Drawdown Indicators

	QALT	MHIG	Difference
Max Drawdown Largest peak-to-trough decline	-4.85%	-3.06%	-1.79%
Current Drawdown Current decline from peak	-0.35%	-2.02%	+1.67%
Average Drawdown Average peak-to-trough decline	-1.28%	-1.81%	+0.53%

Volatility

Volatility by Period

	QALT	MHIG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	50.45%	8.04%	+42.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.45%	8.04%	+42.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.45%	8.04%	+42.41%

QALT vs. MHIG - Expense Ratio Comparison

QALT has a 0.80% expense ratio, which is higher than MHIG's 0.55% expense ratio.

Dividends

QALT vs. MHIG - Dividend Comparison

QALT's dividend yield for the trailing twelve months is around 6.02%, while MHIG has not paid dividends to shareholders.

Position	TTM	2025
MHIG Milliman Healthcare Inflation Guard ETF	0.00%	0.00%
QALT SEI DBi Multi-Strategy Alternative ETF	6.02%	5.15%

Frequently Asked Questions

Can I hold both QALT and MHIG in my portfolio?

QALT and MHIG have a correlation of 0.19, 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 MHIG?

On fees, MHIG is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QALT or MHIG?

MHIG is cheaper with a 0.55% expense ratio, compared with 0.80% for QALT.

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

QALT has the higher dividend yield at 6.02%, compared with 0.00% for MHIG.

What is the main difference between QALT and MHIG?

They also come from different issuers: SEI and Milliman. Their fees differ too: 0.80% for QALT and 0.55% for MHIG.