- Issuer
- Simplify
- Inception Date
- Jul 10, 2023
- Category
- Multistrategy
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Assets Under Management
- $41M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
QIS Performance Chart
Simplify Multi-Qis Alternative ETF (QIS) is down 28.6% since the beginning of the year. QIS is currently trading at $11 per share.
Loading charts...
Returns By Period
Simplify Multi-Qis Alternative ETF (QIS) has returned -28.64% so far this year and -49.65% over the past 12 months.
Simplify Multi-Qis Alternative ETF
- 1D
- -0.88%
- 1M
- -19.76%
- YTD
- -28.64%
- 6M
- -29.46%
- 1Y
- -49.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
QIS Monthly Returns History
Based on dividend-adjusted daily data since Jul 11, 2023, QIS's average daily return is -0.09%, while the average monthly return is -2.02%.
Historically, 39% of months were positive and 61% were negative. The best month was Apr 2026 with a return of +14.2%, while the worst month was May 2026 at -16.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, QIS closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +10.7%, while the worst single day was Apr 7, 2025 at -19.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.13% | -7.68% | -14.21% | 14.21% | -16.63% | -8.25% | -28.64% | ||||||
| 2025 | 0.71% | -1.39% | -3.38% | -4.84% | -0.67% | 0.73% | -6.81% | -4.87% | -1.18% | 0.75% | -10.67% | -13.96% | -38.02% |
| 2024 | 0.91% | 0.37% | 1.41% | 0.64% | -0.37% | -0.19% | -1.32% | -0.50% | -0.38% | -1.53% | 2.30% | -1.07% | 0.19% |
| 2023 | 0.28% | 1.44% | 2.00% | -0.72% | -0.97% | 0.08% | 2.08% |
Benchmark Metrics
Simplify Multi-Qis Alternative ETF has an annualized alpha of -23.49%, beta of 0.22, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since July 11, 2023.
- This ETF participated in 155.98% of S&P 500 Index downside but only -20.41% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.22 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -23.49%
- Beta
- 0.22
- R²
- 0.01
- Upside Capture
- -20.41%
- Downside Capture
- 155.98%
Expense Ratio
QIS has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
QIS ranks 1 for risk / return — in the bottom 1% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QIS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.31 | ||
| Sortino ratioReturn per unit of downside risk | -4.77 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.37 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 2.78 | -3.70 |
| Martin ratioReturn relative to average drawdown | -1.56 | 12.44 | -14.00 |
Dividends
Dividend History
Simplify Multi-Qis Alternative ETF provided a 1.89% dividend yield over the last twelve months, with an annual payout of $0.20 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.20 | $0.50 | $0.26 | $0.81 |
Dividend yield | 1.89% | 3.37% | 1.07% | 3.29% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify Multi-Qis Alternative ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.50 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.01 | $0.26 |
| 2023 | $0.81 | $0.81 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Simplify Multi-Qis Alternative ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Simplify Multi-Qis Alternative ETF was 58.39%, occurring on Jun 17, 2026. The portfolio has not yet recovered.
The current Simplify Multi-Qis Alternative ETF drawdown is 58.16%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -58.39%Jun 2026 | 1y 8mo | — | 1y 8moOct 2024 - now |
2024 pullback2024 | -4.21%Aug 2024 | 2mo 10d | 1mo 25d | 4mo 5dMay 2024 - Oct 2024 |
2023 pullback2023 | -2.56%Oct 2023 | 10d | 4mo 15d | 4mo 25dOct 2023 - Feb 2024 |
2024 pullback2024 | -1.33%Apr 2024 | 4d | 17d | 21dApr 2024 - Apr 2024 |
2023 pullback2023 | -1.17%Aug 2023 | 1d | 7d | 8dAug 2023 - Sep 2023 |
Drawdown Indicators
| QIS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.39% | -56.78% | -1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -54.12% | -9.10% | -45.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -58.16% | -1.80% | -56.36% |
Average DrawdownAverage peak-to-trough decline | -14.39% | -10.71% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.91% | 2.03% | +29.88% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with QIS
Add Simplify Multi-Qis Alternative ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with QIS