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ASGM vs QALT

Virtus AlphaSimplex Global Macro ETF

ASGMCNYSE Arca

SEI DBi Multi-Strategy Alternative ETF

QALTANasdaq

Overlap

Expense ratio

QALT −0.06pt a year

ASGM0.86%QALT0.80%

Avg volume · 30D

QALT 14.5×the volume

ASGM1.23KQALT17.7K

ASGM vs QALT Performance

Oct 31, 2025 – Oct 30, 2026

+23.3%ASGM+6.6%QALT

Oct 31, 2025 to Oct 30, 2026. ASGM +23.3%. QALT +6.6%. Use the arrow keys to read each point.−5%0%10%15%Oct 2025Apr 2026Oct 2026
Expense ratio
ASGM 0.86%
QALT 0.80%, better
Fund size
ASGM $11M
QALT $195M
1Y total return
ASGM +23.3%, better
QALT +6.6%
Holdings
ASGM 17
QALT 26
Avg volume (30D)
ASGM 1.23K sh
QALT 17.7K sh, better
NAV per share
ASGM $33.05
QALT $25.87
52W range

ETF.net Grade

ASGM: Cost 83, Risk 53, Mission not scored, Tradability 9, Holdings not scored, Durability 20. QALT: Cost 90, Risk 65, Mission not scored, Tradability 57, Holdings not scored, Durability 65.
Pillar letters and Scores for ASGM, QALT, with each pillar’s weight
PillarASGMQALT
Cost30% weightA83A90Higher
Mission25% weightNot scoredNot scored
Risk15% weightC53B65Higher
Tradability15% weightF9B57Higher
Holdings10% weightNot scoredNot scored
Durability5% weightF20B65Higher

Rank among Alternative Strategies funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ASGM and QALT are both graded against the same 29 Alternative Strategies funds, so their Grades compare head to head.

Alternative Strategies⁠

Category · 29 funds
See all 29 ›

QALT ranks 4th and ASGM 14th of 29 funds in the Alternative Strategies Category.

  1. Rank 1AFLSPFranklin Systematic Style Premia ETFScore 77
  2. Rank 2AHBDCHilton BDC Corporate Bond ETFScore 76
  3. Rank 2AQAINYLI Hedge Multi-Strategy Tracker ETFScore 76
  4. Rank 4AQALTSEI DBi Multi-Strategy Alternative ETFScore 74
  5. Rank 5BIALTiShares Systematic Alternatives Active ETFScore 69
  6. Rank 13BEDGH3EDGE Dynamic Hard Assets ETFScore 55
  7. Rank 14CASGMVirtus AlphaSimplex Global Macro ETFScore 54
  8. Rank 15CEVNTAltShares Event-Driven ETFScore 50

Our read on each fund

ETF.net Research

ASGMCVirtus AlphaSimplex Global Macro ETF

QALTASEI DBi Multi-Strategy Alternative ETF

In short

ASGM No data

QALT One 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.

Stated mandate

ASGM No data

QALT 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

ASGM No data

  • QALT 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

ASGM No data

  • QALT 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.

Full ASGM profile⁠

Full QALT profile⁠

ASGM vs QALT Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ASGM vs QALT Cost

Overpaying ASGM vs QALT

$1,022

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ASGM 0.86%

    $16,368

  • QALT 0.80%

    $15,346

$10,000
30 years

Cost over time

  • ASGM 0.86%
  • QALT 0.80%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ASGM $16,368QALT $15,346

Year by year

YearASGMQALTOverpaying
10$1,525$1,422$103
20$5,768$5,393$375
30$16,368$15,346$1,022

Expense ratio

  • 0.86%ASGM
  • 0.80%QALT, cheaper
  • Middle half of Alternative Strategies funds
  • Median 1.13%

QALT 4th cheapest of 29 funds

ASGM 6th cheapest of 29 funds

ASGM vs QALT Dividends

Last 12 months to Oct 30, 2026
Last payment
ASGM $1.20
QALT $0.17
Ex-dividend
ASGM Dec 22, 2025
QALT Oct 5, 2026
Paid on
ASGM Dec 29, 2025
QALT Oct 6, 2026
Frequency
ASGM Irregular
QALT Quarterly

Distribution history

Per share, 2025 to 2026, same scale for both

ASGMIrregular · 1 paymentAll ASGM payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 22, 2025 $1.20. Use the arrow keys to read each point.$0$12026YTD
QALTQuarterly · 5 paymentsAll QALT payments⁠
One bar per payment. 5 payments from 2025 to 2026 YTD. Dec 17, 2025 $0.62; Dec 29, 2025 $0.66; Apr 6, 2026 $0.15; Jul 6, 2026 $0.15; Oct 5, 2026 $0.17. Use the arrow keys to read each point.$0$12026YTD

ASGM vs QALT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ASGM 13.2%since Sep 2025QALT 7.2%since Sep 2025
Return per unit of riskSharpe ratio, 3 years
ASGM 1.62since Sep 2025QALT 0.77since Sep 2025
Worst fallMax drawdown, 5 years
ASGM −7.4%since Aug 2025QALT −4.9%since Aug 2025
Market sensitivityBeta, 5 years
ASGM 0.91QALT 0.24

ASGM and QALT in the news

All news⁠

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