Simplify Multi-Qis Alternative ETF (QIS)
QIS is an actively managed ETF by Simplify. QIS launched on Jul 10, 2023 and has a 1.00% expense ratio.
ETF Info
| Issuer | Simplify |
|---|---|
| Inception Date | Jul 10, 2023 |
| Category | Multistrategy |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Alternatives |
Expense Ratio
QIS has a high expense ratio of 1.00%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: QIS vs. JAAA, QIS vs. HFND, QIS vs. MTBA, QIS vs. AHTPX, QIS vs. GFSYX, QIS vs. PSMIX, QIS vs. ^SP500TR, QIS vs. FLSP, QIS vs. SPY, QIS vs. SGOV
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Simplify Multi-Qis Alternative ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Simplify Multi-Qis Alternative ETF had a return of -1.61% year-to-date (YTD) and -1.70% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.61% | 25.70% |
| 1 month | 0.35% | 3.51% |
| 6 months | -4.46% | 14.80% |
| 1 year | -1.70% | 37.91% |
| 5 years (annualized) | N/A | 14.18% |
| 10 years (annualized) | N/A | 11.41% |
Monthly Returns
The table below presents the monthly returns of QIS, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.91% | 0.37% | 1.41% | 0.64% | -0.37% | -0.19% | -1.32% | -0.50% | -0.38% | -1.54% | -1.61% | ||
| 2023 | 0.16% | 1.44% | 2.00% | -0.72% | -0.97% | 0.08% | 1.96% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of QIS is 4, indicating that it is in the bottom 4% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Simplify Multi-Qis Alternative ETF provided a 4.41% dividend yield over the last twelve months, with an annual payout of $1.06 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $1.06 | $0.81 |
Dividend yield | 4.41% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.25 | |
| 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.
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 7.51%, occurring on Oct 14, 2024. The portfolio has not yet recovered.
The current Simplify Multi-Qis Alternative ETF drawdown is 7.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.51% | Oct 2, 2024 | 9 | Oct 14, 2024 | — | — | — |
| -4.21% | May 29, 2024 | 49 | Aug 7, 2024 | 38 | Oct 1, 2024 | 87 |
| -2.56% | Oct 6, 2023 | 7 | Oct 16, 2023 | 92 | Feb 28, 2024 | 99 |
| -1.33% | Apr 4, 2024 | 3 | Apr 8, 2024 | 13 | Apr 25, 2024 | 16 |
| -1.17% | Aug 29, 2023 | 2 | Aug 30, 2023 | 4 | Sep 6, 2023 | 6 |
Volatility
Volatility Chart
The current Simplify Multi-Qis Alternative ETF volatility is 3.43%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.