QALT vs. PCR

Last updated Aug 2, 2026

QALT (SEI DBi Multi-Strategy Alternative ETF) and PCR (Simplify VettaFi Private Credit Strategy ETF) are both exchange-traded funds - QALT is a Multistrategy fund actively managed by SEI, while PCR is a Nontraditional Bonds fund actively managed by Simplify. Both are actively managed. Their 0.22 correlation means their historical movements had little consistent relationship. QALT charges 0.80%/yr vs 0.76%/yr for PCR.

Performance

QALT vs. PCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI DBi Multi-Strategy Alternative ETF (QALT) and Simplify VettaFi Private Credit Strategy ETF (PCR). 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 higher than PCR's -12.93% return.

QALT

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

PCR

• 1D: -0.02%
• 1M: -2.90%
• 6M: -12.30%
• YTD: -12.93%
• 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)
PCR Simplify VettaFi Private Credit Strategy ETF	$20.58K	$13.21K	$13.34K
QALT SEI DBi Multi-Strategy Alternative ETF	$670.75K	$485.66K	$308.26K

QALT vs. PCR - Yearly Performance Comparison

	2026 (YTD)	2025
QALT SEI DBi Multi-Strategy Alternative ETF	7.15%	3.15%
PCR Simplify VettaFi Private Credit Strategy ETF	-12.93%	-5.73%

Correlation

The correlation between QALT and PCR is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 23, 2025	0.22

Return for Risk

QALT vs. PCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI DBi Multi-Strategy Alternative ETF (QALT) and Simplify VettaFi Private Credit Strategy ETF (PCR). 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. PCR - Drawdown Comparison

The maximum QALT drawdown since its inception was -4.85%, smaller than the maximum PCR drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for QALT and PCR.

Drawdown Indicators

	QALT	PCR	Difference
Max Drawdown Largest peak-to-trough decline	-4.85%	-20.07%	+15.22%
Current Drawdown Current decline from peak	-0.62%	-17.92%	+17.30%
Average Drawdown Average peak-to-trough decline	-1.22%	-10.51%	+9.29%

Volatility

Volatility by Period

	QALT	PCR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	48.83%	18.14%	+30.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.83%	18.14%	+30.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.83%	18.14%	+30.69%

QALT vs. PCR - Expense Ratio Comparison

QALT has a 0.80% expense ratio, which is higher than PCR's 0.76% expense ratio.

Dividends

QALT vs. PCR - Dividend Comparison

QALT's dividend yield for the trailing twelve months is around 6.02%, less than PCR's 10.25% yield.

Position	TTM	2025
PCR Simplify VettaFi Private Credit Strategy ETF	10.25%	2.30%
QALT SEI DBi Multi-Strategy Alternative ETF	6.02%	5.15%

Frequently Asked Questions

Can I hold both QALT and PCR in my portfolio?

QALT and PCR have a correlation of 0.22, 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 PCR?

On fees, PCR is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QALT or PCR?

PCR is cheaper with a 0.76% expense ratio, compared with 0.80% for QALT.

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

PCR has the higher dividend yield at 10.25%, compared with 6.02% for QALT.

What is the main difference between QALT and PCR?

QALT is categorized as Multistrategy, while PCR is Nontraditional Bonds. They also come from different issuers: SEI and Simplify. Their fees differ too: 0.80% for QALT and 0.76% for PCR.