How many multistrategy ETFs are there?

MetaCap tracks 5 US-listed multistrategy ETFs with about $9.3B in combined assets.

What is the largest multistrategy ETF?

iShares Systematic Alternatives Active ETF (IALT) is the largest, with about $7.0B in assets under management.

Which Multistrategy ETF has the lowest expense ratio?

Among the funds shown, WisdomTree Efficient TIPS Plus Gold Fund (GDT) has the lowest expense ratio at 0.20% per year, or $20 a year on a $10,000 investment.

What does AUM mean for an ETF?

Assets under management (AUM) is the total market value of everything the fund holds. Larger ETFs tend to have tighter bid-ask spreads and more trading volume, but size alone does not make a fund a better investment.

Multistrategy ETFs

5 multistrategy ETFs ranked by assets under management. Updated October 9, 2026.

Total assets

$9.3B

MetaCap lists 5 US-listed ETFs in the Multistrategy category, holding a combined $9.3B in assets. The largest by assets are IALT ($7.0B), FLSP ($1.1B) and QAI ($998.9M). Expense ratios range from 0.20% to 0.99% (median 0.80%); GDT is the lowest-cost fund shown at 0.20% a year. On the latest trading day, 4 of 5 funds were higher, with an average move of +0.23%.

Summary generated from market data by MetaCap's automated system. Methodology

Largest multistrategy ETFs by assets

Multistrategy ETFs by assets under management
#	Symbol	Fund Name	Price	% Change	AUM	Expense Ratio
1	IALT	iShares Systematic Alternatives Active ETF	30.06	+0.48%	$6.96B	0.99%
2	FLSP	Franklin Systematic Style Premia ETF	28.84	+0.03%	$1.10B	0.65%
3	QAI	NYLIM Hedge Multi-Strategy Tracker ETF	36.15	+0.28%	$998.94M	0.81%
4	QALT	SEI DBi Multi-Strategy Alternative ETF	26.43	+0.38%	$196.36M	0.80%
5	GDT	WisdomTree Efficient TIPS Plus Gold Fund	33.64	0.00%	$10.95M	0.20%

Frequently asked questions

How many multistrategy ETFs are there?: MetaCap tracks 5 US-listed multistrategy ETFs with about $9.3B in combined assets.
What is the largest multistrategy ETF?: iShares Systematic Alternatives Active ETF (IALT) is the largest, with about $7.0B in assets under management.
Which Multistrategy ETF has the lowest expense ratio?: Among the funds shown, WisdomTree Efficient TIPS Plus Gold Fund (GDT) has the lowest expense ratio at 0.20% per year, or $20 a year on a $10,000 investment.
What does AUM mean for an ETF?: Assets under management (AUM) is the total market value of everything the fund holds. Larger ETFs tend to have tighter bid-ask spreads and more trading volume, but size alone does not make a fund a better investment.

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Prices as of Oct 9, 12:33 PM EDT. Market data is delayed at least 15 minutes and provided for informational purposes only. Not investment advice. Full disclaimer