SEI DBi Multi-Strategy Alternative ETF
$26.28−0.09 (−0.32%)
- 0.80%
- $196M
- +12.4%
- 0M sh
- $26.41
- low $24.89high $27.04
The ETF.net QALT Grade
A
Score 75 out of 100
- 3 of 30
Score 75 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A83 out of 100Rank 6 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B69 out of 100Rank 9 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A70 out of 100Rank 4 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B65 out of 100Rank 8 of 30
Our read on QALT
AOne ticker, several hedge fund playbooks: SEI stacks sub-advisers running directional, event-driven and arbitrage strategies, and measures itself against 3-month T-bills instead of the S&P 500. It undercuts the typical alternatives fund on fees.
The fund seeks positive absolute returns across market cycles with reduced correlation to stocks and bonds. It pursues this through multiple underlying funds and sub-advisers using directional or tactical, event-driven, and arbitrage approaches.
Why people hold it
- Charges 0.80% a year against a 1.07% median for alternatives funds. Multi-manager hedge fund exposure usually bills more than that.
- Not a one-trick fund. Directional or tactical, event-driven and arbitrage sleeves run side by side through several underlying funds and sub-advisers.
- The yardstick is 3-month T-bills, the cash hurdle hedge funds get judged on. The stated aim is positive absolute return with reduced correlation to stocks and bonds.
- Screens near the top of its alternatives peer group, and comes in under pricier multi-strategy options such as HFGM and HDG at 0.95%.
Worth knowing
- Launched in 2025, so there is no long record showing how this manager lineup behaves through a full market cycle.
- Trading is thin next to big index ETFs, which can mean wider spreads when you get in or out.
- Not the cheapest seat in the aisle: RNMN (0.59%) and CCEF (0.74%) charge less, though each runs a narrower strategy set than a multi-manager book.
QALT Holdings
- Other
- 26
- 83%
- Cash
QALT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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QALT$11,240
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | QALT |
|---|---|
| Year to date | +7.7% |
| 1 month | +0.7% |
| 3 months | +0.6% |
| 1 year | +12.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | QALT |
|---|---|---|
| 2026 YTD | +7.7% | |
| 2025 | +4.9% |
QALT in the news
QALT Dividends
- $0.17 per share
- Quarterly
Distribution data unavailable.
Distribution history
QALT Risk
- 7.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.05
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −4.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.24
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QALT Cost
0.80%
QALT0.80%
- The middle half of Alternative Strategies funds
- Median 1.00%
5 of the 30 Alternative Strategies funds charge less.
Other funds in Alternative Strategies
- ALALTFirst Trust Multi-Strategy Alternative ETFExpense ratio 0.20%1 year return +15.0%
- AQAINYLI Hedge Multi-Strategy Tracker ETFExpense ratio 0.75%1 year return +9.8%
- AHBDCHilton BDC Corporate Bond ETFExpense ratio 0.39%1 year return +2.0%
- AFLSPFranklin Systematic Style Premia ETFExpense ratio 0.65%1 year return +12.8%
- AFTLSFirst Trust Long/Short Equity ETFExpense ratio 0.95%1 year return +15.9%