HYIN vs QALT: Grades, Fees and Holdings Compared

WisdomTree Private Credit & Alternative Income Fund

HYIN—Cboe

SEI DBi Multi-Strategy Alternative ETF

QALTANasdaq

Overlap

0.0%by weight

Expense ratio

QALT −3.54pt a year

HYIN4.34%QALT0.80%

Avg volume · 30D

HYIN 1.02×the volume

HYIN18.1KQALT17.7K

HYIN vs QALT Performance

Oct 31, 2025 – Oct 30, 2026

−14.3%HYIN+6.6%QALT

Expense ratio: HYIN 4.34%; QALT 0.80%, better
Fund size: HYIN $45M; QALT $195M
1Y total return: HYIN −14.3%; QALT +6.6%, better
Yield (12M): HYIN 15.04%; QALT No data
Holdings: HYIN 32; QALT 26
Avg volume (30D): HYIN 18.1K sh, better; QALT 17.7K sh
NAV per share: HYIN $12.14; QALT $25.87
52W range

ETF.net Grade

—HYINUnder classification review

Pillar letters and Scores for HYIN, QALT, with each pillar’s weight
Pillar	HYIN	QALT
Cost30% weight	Not scored	A90
Mission25% weight	Not scored	Not scored
Risk15% weight	Not scored	B65
Tradability15% weight	Not scored	B57
Holdings10% weight	Not scored	Not scored
Durability5% weight	Not scored	B65

Rank among Alternative Strategies funds

How we build Categories ›

Alternative Strategies⁠

Category · 29 funds

See all 29 ›

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

Rank 1AFLSPFranklin Systematic Style Premia ETFScore 77
Rank 2AHBDCHilton BDC Corporate Bond ETFScore 76
Rank 2AQAINYLI Hedge Multi-Strategy Tracker ETFScore 76
Rank 4AQALTSEI DBi Multi-Strategy Alternative ETFScore 74
Rank 5BIALTiShares Systematic Alternatives Active ETFScore 69
HYINNot yet graded

Our read on each fund

ETF.net Research

HYIN—WisdomTree Private Credit & Alternative Income Fund

QALTASEI DBi Multi-Strategy Alternative ETF

In short

HYIN 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

HYIN 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

HYIN 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

HYIN 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 HYIN profile⁠

Full QALT profile⁠

HYIN vs QALT Holdings

How HYIN and QALT differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of HYIN and 0.0% of QALT.

Level by level

Holdings0 in both0.0%
Countryby domicile71.7%
Asset classAlternatives100%

Sector

No Sector split for QALT.

Country, concentration and asset class

Country by domicile

Country weights in HYIN and QALT, widest gap first
Country	More in HYINMore in QALT	HYIN	QALT
United States	HYIN +28.3 points	100.0%	71.7%
Taiwan	QALT +5.1 points	0.0%	5.1%
South Korea	QALT +3.8 points	0.0%	3.8%
China	QALT +3.4 points	0.0%	3.4%
Japan	QALT +2.5 points	0.0%	2.5%
United Kingdom	QALT +2.1 points	0.0%	2.1%
India	QALT +1.9 points	0.0%	1.9%
Switzerland	QALT +1.1 points	0.0%	1.1%
Other countries (31)	QALT +8.3 points	0.0%	8.3%

Outside the US: QALT 39% developed, 61% emerging.

Concentration

Weight in the 10 largest Holdings

HYIN36.8%
QALT83.4%

Securities held

HYIN31
QALT25

Asset class

HYIN: Alternatives
QALT: Alternatives

Holdings

Only in HYIN31
In both0
Only in QALT25

Only in HYIN

31 securities, 99.8% of HYIN by weight

Guggenheim Strategic Opp Fd3.79%
Golub Capital BDC Inc3.77%
Pimco Dynamic Income Fund3.74%
Eaton Vance Ltd Duration Fnd3.68%
Blackrock Corp Hi Yld Fund3.67%
Ares Capital Corp3.65%
Main Street Capital Corp3.65%
Sixth Street Specialty Lendi3.63%
Rithm Capital Corp3.62%
Ladder Capital Corp - Cl A3.60%
Nuveen Float Rate Inc Fd3.59%
FS KKR Capital Corp3.59%
Hercules Technology Growth Cap3.55%
Pimco Corporate & Income Opp Fd3.54%
Blackstone Secured Lending Fd3.47%
Blue Owl Capital Corp3.45%
Ellington Financial Inc3.36%
Blue Owl Technology Finance3.32%
Dynex Capital Inc3.28%
AGNC Investment Corp3.22%
Annaly Capital Management In3.18%
Armour Residential Reit Inc3.13%
Blackstone Mortgage Tru-Cl A3.08%
Brightspire Capital Inc3.04%
Starwood Property Trust Inc3.02%
MFA Financial Inc2.93%
Franklin Bsp Realty Trust In2.90%
Chimera Investment Corp2.80%
Oxford Lane Capital Corp2.64%
Arbor Realty Trust Inc1.83%
Apollo Commercial Real Estate<0.01%

Only in QALT

25 securities, 28.9% of QALT by weight

Coca-Cola Co 0CP 11/20/261.45%
Sanofi 0 % Cp 12/14/20261.45%
Roche Holdings 0 11/12/261.44%
Novartis Finance Corp1.39%
Archer Daniels Midland Co1.35%
Fhlbdn 01/05/271.34%
Fhlbdn 12/04/261.33%
Ciscosystems 0CP 12/16/261.29%
Caterpillar 0 Cp 11/10/261.28%
Fhlbdn 12/28/261.25%
Exxon Mobil 0CP 11/05/261.24%
PROCTER&GAMBL0CP 10/13/261.21%
Unilever Capital Corp1.18%
Fhlbdn 12/22/261.17%
Fhlbdn 01/19/271.16%
John Deere 0CP 12/18/20261.14%
Svenska Handelsbanken 0CP1.13%
Apple Inc1.13%
Fhlbdn 11/13/261.10%
Fhlbdn 11/04/261.09%
TORONTODOMINIO0CP 12/7/261.05%
Fhlbdn 11/18/261.03%
Fhlbdn 12/07/260.93%
JOHNSON&JOHNS Cp 11/16/260.78%
B 01/05/270.05%

Weight gaps

HYIN and QALT share no securities.

All 36 HYIN holdings⁠All 41 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.

HYIN vs QALT Cost

Overpaying HYIN vs QALT

$38,796

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

HYIN 4.34%
$54,142
QALT 0.80%
$15,346

Amount$10,000

Years30 years

Cost over time

HYIN 4.34%
QALT 0.80%
Overpaying

Year by year

Year	HYIN	QALT	Overpaying
10	$6,669	$1,422	$5,247
20	$21,791	$5,393	$16,398
30	$54,142	$15,346	$38,796

Expense ratio

4.34%HYIN
0.80%QALT, cheaper

QALT0.80%HYIN4.34%

0.39%10.91%

Middle half of Alternative Strategies funds
Median 1.13%

QALT 4th cheapest of 29 funds

HYIN 28th cheapest of 29 funds

HYIN vs QALT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): HYIN 15.04%; QALT No data
Payout (12M): HYIN $1.83; QALT No data
Last payment: HYIN $0.14; QALT $0.17
Ex-dividend: HYIN Oct 27, 2026; QALT Oct 5, 2026
Paid on: HYIN Oct 29, 2026; QALT Oct 6, 2026
Frequency: HYIN Monthly; QALT Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

HYINMonthly · 46 paymentsAll HYIN payments⁠

QALTQuarterly · 5 paymentsAll QALT payments⁠

HYIN vs QALT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: HYIN 12.6%QALT 7.2%since Sep 2025
Return per unit of riskSharpe ratio, 3 years: HYIN −0.20QALT 0.77since Sep 2025
Worst fallMax drawdown, 5 years: HYIN −31.1%QALT −4.9%since Aug 2025
Market sensitivityBeta, 5 years: HYIN 1.31QALT 0.24; Market = 1

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