FBL vs QALT
Comparison between GRANITESHARES 2X LONG META DAILY ETF (FBL, ETF) and SEI DBI MULTI-STRATEGY ALTERNATIVE ETF (QALT, ETF).
FBL vs QALT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FBL
$185M
Winner
QALT
$186M
Expense Ratio
FBL
N/A
QALT
0.80%
Max Drawdown
FBL
61.93%
Winner
QALT
4.91%
Sharpe Ratio
FBL
-0.43
Winner
QALT
1.24
5Y Beta
FBL
2.76
Winner
QALT
0.39
P/E Ratio
FBL
24.90
QALT
N/A
Forward P/E
FBL
19.08
QALT
N/A
PEG Ratio
FBL
1.12
QALT
N/A
5Y EPS CAGR
FBL
36.87%
QALT
N/A
Debt to Equity
FBL
24.11%
QALT
N/A
P/S Ratio
FBL
7.50
QALT
N/A
P/B Ratio
FBL
6.62
QALT
N/A
FBL vs QALT - Historical Returns
Returns include dividend reinvestment.
1M
FBL
-5.96%
Winner
QALT
+1.89%
3M
FBL
-24.92%
Winner
QALT
+3.33%
6M
FBL
-31.05%
Winner
QALT
+6.17%
1Y
FBL
-39.74%
QALT
N/A
Max(CAGR)
Winner
FBL
+73.04%
QALT
+13.63%
FBL vs QALT - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | FBL | QALT |
|---|---|---|
| 2026 | -25.63% | +4.83% |
| 2025 | -3.86% | +4.93% |
| 2024 | +119.98% | N/A |
| 2023 | +316.78% | N/A |
| 2022 | -1.22% | N/A |
FBL vs QALT Drawdown Comparison
The maximum drawdown for FBL was -61.13%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The maximum drawdown for QALT was -4.85%, occurring on Mar 20, 2026. This drawdown has not yet recovered.
The current FBL drawdown is -53.14%. The current QALT drawdown is -1.17%.
| Rank | FBL | QALT |
|---|---|---|
| #1 | -61.13% Feb 14, 2025 - Mar 27, 2026 | -4.85% Feb 25, 2026 - Mar 20, 2026 |
| #2 | -35.25% Apr 5, 2024 - Sep 19, 2024 | -2.94% Oct 8, 2025 - Oct 24, 2025 |
| #3 | -19.35% Jul 28, 2023 - Nov 14, 2023 | -1.60% Nov 12, 2025 - Dec 11, 2025 |
| #4 | -17.08% Feb 7, 2023 - Mar 14, 2023 | -1.29% Oct 27, 2025 - Nov 12, 2025 |
| #5 | -14.92% Oct 4, 2024 - Dec 3, 2024 | -1.12% Jan 27, 2026 - Feb 6, 2026 |
| #6 | -14.87% Dec 11, 2024 - Jan 24, 2025 | -1.11% Dec 11, 2025 - Dec 19, 2025 |
| #7 | -11.60% Jul 19, 2023 - Jul 28, 2023 | -0.81% Jan 15, 2026 - Jan 21, 2026 |
| #8 | -11.14% Mar 7, 2024 - Apr 5, 2024 | -0.70% Aug 25, 2025 - Sep 8, 2025 |
| #9 | -10.70% Nov 22, 2023 - Dec 18, 2023 | -0.48% Feb 11, 2026 - Feb 20, 2026 |
| #10 | -9.75% Apr 14, 2023 - Apr 27, 2023 | -0.41% Sep 22, 2025 - Oct 1, 2025 |
| #11 | -8.91% Dec 14, 2022 - Jan 3, 2023 | -0.40% Jan 22, 2026 - Jan 27, 2026 |
| #12 | -8.39% Feb 2, 2024 - Feb 15, 2024 | -0.38% Feb 20, 2026 - Feb 24, 2026 |
| #13 | -7.20% Mar 16, 2023 - Mar 24, 2023 | -0.32% Jan 6, 2026 - Jan 9, 2026 |
| #14 | -6.73% May 1, 2023 - May 18, 2023 | -0.28% Dec 26, 2025 - Jan 2, 2026 |
| #15 | -6.49% Feb 15, 2024 - Feb 22, 2024 | -0.25% Oct 6, 2025 - Oct 8, 2025 |
Correlation
Correlation between FBL and QALT is -0.73 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.73
-101
Dividend Comparison (2023 - 2026)
FBL vs QALT dividend yield comparison.
| Year | FBL | QALT |
|---|---|---|
| 2026 | 0.00% | 0.59% |
| 2025 | 2.07% | 5.15% |
| 2023 | 51.58% | 0.00% |
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