It's really, really hard

For more than just a day hike, we typically backpack anywhere from 50 to 150 miles. I've really had to down-size my "bladed" tools as everything gets weighed and scrutinized. Long ago, I just simply accepted that I would always have a fixed blade on me when deployed to combat or outdoors. I've gone to the smallest Mora, which has been perfect and have since upgraded the sheath and added a small Firesteel. For a folder, which gets used the most, it's the diminutive Spyderco Dragonfly (now upgraded with the orange handle). I've found the Leatherman mini multitool, the PS perfect for it's pliers and scissors. Those three are what I take for distance backpacking. I've used a Bushcraft SAK in the past, but as much as I love the saw and awl, I just never used it enough and had to cut down on some weight, and it was on the hit list.
For day hikes, I will actually carry more as I often like to test out blades. For distance backpacking, it's minimalist all the way.
ROCK6