Are IVV and QALT in the same category?

IVV is a stock ETF and QALT is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.

Which returned more over the last year, IVV or QALT?

In the year to Nov 4, 2026, with distributions reinvested, IVV returned +14.8% and QALT +6.5%.

Which is cheaper, IVV or QALT?

IVV is cheaper, by 0.77 percentage points a year. That is about $77 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Across categories

IVV vs QALT: Differences, Returns & Fees

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Over the year to Nov 4, 2026, IVV returned +14.8% to QALT's +6.5%, and IVV charges 0.03% to QALT's 0.80%.

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Net assets: $872.0bn on Nov 3, 2026 for iShares Core S&P 500 ETF, and $194m on Jun 30, 2026 for SEI DBi Multi-Strategy Alternative ETF.

IVV on its own →QALT on its own →

At a glance

+14.8%

IVV total return, 1 year

+6.5%

QALT total return, 1 year

0.03%

IVV expense ratio

0.80%

QALT expense ratio

Pair scorecard

IVV costs 0.77 points a year less; their one-year returns differ by 8.3 points.

IVV vs QALT: Differences, Returns & Fees
Measure	IVV	QALT
Return
Measure	IVV	QALT
Total return, 1 year	+14.8%	+6.5%
Total return, 52 weeks		+6.2%
Against its benchmark
Measure	IVV	QALT
What it tracks	S&P 500	not published
Treasury bills, 52 weeks		+3.7%
Against cash		2.5 points ahead
Cost and size
Measure	IVV	QALT
Expense ratio	0.03%	0.80%
Net assets, IVV as of Nov 3, 2026 and QALT as of Jun 30, 2026	$872.0bn	$194m
Holdings
Measure	IVV	QALT
Holdings in common	not published
In the S&P 500, by weight	100%
Top ten holdings, share of the fund	37.3%
Risk
Measure	IVV	QALT
Correlation with the S&P 500’s weekly returns		+0.60
Beta to the S&P 500		+0.31: about 0.31% for each 1%
Its average week when the S&P 500 fell		fell 0.49%
Down-week capture		45.7%
Weeks the S&P 500 fell		26 of 52, by 1.07% on average

Method

Side by side

IVV iShares Core S&P 500 ETF QALT SEI DBi Multi-Strategy Alternative ETF

Where it sits Stock ETF Alternatives ETF

Issuer iShares SEI

What it is Tracks the S&P 500 Multi-strategy

Total return, 1 year +14.8% +6.5%

Its benchmark over the same days +14.8% (SPY) not measured

Gap to its benchmark 0.0 pts vs SPY not measured

Expense ratio 0.03% 0.80%

Holdings 505 not read by ETFIQ

Net assets, IVV as of Nov 3, 2026 and QALT as of Jun 30, 2026 $872.0bn $194m

IVV and QALT on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

Alert

About each fund

IVV

IVV tracks the S&P 500. Over the year to Nov 4, 2026 it returned +14.8% with distributions reinvested, against +14.8% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Nov 3, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 37.3%.

QALT

QALT is a multi-strategy fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.60 with the S&P 500’s and a beta of +0.31, so for each 1% the index moved it moved about 0.31% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks QALT fell 0.49% on average, a down-week capture of 45.7%. Over the same 52 weeks QALT returned +6.2% and a Treasury bill fund +3.7%, so it finished 2.5 percentage points ahead of cash.

Questions people ask

Are IVV and QALT in the same category?: IVV is a stock ETF and QALT is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, IVV or QALT?: In the year to Nov 4, 2026, with distributions reinvested, IVV returned +14.8% and QALT +6.5%.
Which is cheaper, IVV or QALT?: IVV is cheaper, by 0.77 percentage points a year. That is about $77 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

IVV vs QAI IVV vs LALT HFND vs IVV HDG vs IVV QALT vs VOO QALT vs SPY QALT vs QQQ BND vs QALT

Where to next

BIL, the T-bill fund these are measured against →SPY, the S&P 500 fund these are measured against →IVV on its own →QALT on its own →Hold both: look the portfolio through →Rankings →IVV dividend history →IVV holdings →QALT dividend history →Standards and sources →

Sources and dates

IVV filings on SEC EDGAR ↗

IVV prospectus with the expense ratio (SEC) ↗

iShares page for IVV ↗

QALT filings on SEC EDGAR ↗

QALT prospectus with the expense ratio (SEC) ↗

SEI website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, IVV against QALT, data as of Nov 4, 2026. https://etfiq.com/compare/any/ivv-vs-qalt

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