QAIvsIALTETF Comparison
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NYLI Hedge Multi-Strategy Tracker ETF (QAI) and iShares Systematic Alternatives Active ETF (IALT) belong to the same industry segment: Multi-Asset: Other. QAI is more expensive with a Total Expense Ratio (TER) of 1.03%, versus 0.99% for IALT. QAI is up 6.43% year-to-date (YTD) with +$166M in YTD flows. IALT performs better with 17.71% YTD performance, and +$7.33B in YTD flows. Run a side-by-side ETF comparison of QAI and IALT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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QAI vs IALT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QAI IALT | -1.12%+0.89% | -1.06%+4.50% | +6.43%+17.71% | +7.28%n/a | +28.04%n/a | +23.01%n/a |
| Flows | QAI IALT | +$2M+$1.72B | -$4M+$2.37B | +$166M+$7.33B | +$120M- | +$264M- | +$111M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QAI IALT | +5.83%+5.33% | +7.09%n/a | +6.28%n/a | +6.43%n/a |
| Max drawdown | QAI IALT | -2.98%-1.97% | -3.74%n/a | -7.75%n/a | -14.20%n/a |
| Max drawdown duration | QAI IALT | 60d15d | 44dn/a | 127dn/a | 835dn/a |
Trading data
QAI | IALT | |
Last sale 10/16/2026 at 1:30 PM | $35.65 | $29.71 |
| Previous close 10/15/2026 | $35.97 | $29.88 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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IALT
is actively managed and doesn’t replicate an indexQAI | IALT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
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| Daily return difference | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
QAI | IALT | |
|---|---|---|
| Last price | $35.65 | $29.71 |
| 1D performance | -0.89% | -0.57% |
| AuM | $989.95 M | $7.66 B |
| E/R | 1.03% | 0.99% |
Characteristics
QAI | IALT | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | New York Life Investments | iShares |
| Benchmark | NYLI Hedge Multi-Strategy Index | - |
| N° of holdings | - | - |
| Asset class | Alternative | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2009 | December 10, 2025 |
| ESG | No | No |
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Exposure
Countries
QAI
Data will be available soon
IALT
Data will be available soon
Sectors
QAI
Data will be available soon
IALT
Data will be available soon
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Diversification
QAI
Data will be available soon
IALT
Data will be available soon
Top 15 holdings
Data as of January 1, 1970
QAI
Data will be available soon
IALT
Data will be available soon
Frequently asked questions about QAI and IALT
How have the QAI and IALT ETFs performed in 2026?
As of October 16, 2026, QAI is up 6.43% year-to-date (YTD), while IALT has returned 17.71%. That puts IALT better performer ahead so far this year.
Which ETF is attracting more investor money: QAI or IALT?
Year-to-date, the QAI ETF saw +$166M in flows, compared to +$7.33B for IALT.
Which ETF is bigger: QAI or IALT?
As of October 16, 2026, QAI holds $989.95 M in assets under management (AUM), while IALT manages $7.66 B.
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