Simplify Multi-Qis Alternative ETF (QIS) belongs to the Multistrategy category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QIS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QIS
QIS charges 1.00% annually. There are 5 ETFs in the Multistrategy category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Twin Oak Short Horizon Absolute Return ETF | 0.25% | 43.96M | Aug 2024 | QIS vs TOAK | |
| Harbor Alpha Layering ETF | 0.70% | 8.19M | Aug 2025 | QIS vs HOLD | |
| SEI DBi Multi-Strategy Alternative ETF | 0.80% | 191.55M | Sep 2025 | QIS vs QALT | |
| Return Stacked Bonds & Futures Yield ETF | 0.98% | 91.83M | Aug 2024 | QIS vs RSBY | |
| iShares Systematic Alternatives Active ETF | 0.99% | 4.72B | Dec 2025 | QIS vs IALT |
Best Risk-Adjusted Alternatives to QIS
QIS has a PortfoliosLab risk / return rank of 1. There are 5 ETFs in the Multistrategy category with higher risk-adjusted ranks, going as high as 84.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Frontier Asset Absolute Return ETF | 84 | 11.67M | Dec 2024 | QIS vs FARX | |
| DGA Core Plus Absolute Return ETF | 69 | 19.61M | Aug 2023 | QIS vs HF | |
| Unlimited HFND Multi-Strategy Return Tracker ETF | 64 | 33.60M | Oct 2022 | QIS vs HFND | |
| Twin Oak Short Horizon Absolute Return ETF | 52 | 43.96M | Aug 2024 | QIS vs TOAK | |
| Return Stacked Bonds & Futures Yield ETF | 40 | 91.83M | Aug 2024 | QIS vs RSBY |
Top Performing QIS Alternatives (YTD)
QIS is at -30.59% YTD. There are 8 ETFs in the Multistrategy category with higher YTD returns, going as high as 18.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked Bonds & Futures Yield ETF | 18.82% | 91.83M | Aug 2024 | QIS vs RSBY | |
| iShares Systematic Alternatives Active ETF | 12.03% | 4.72B | Dec 2025 | QIS vs IALT | |
| Unlimited HFND Multi-Strategy Return Tracker ETF | 8.16% | 33.60M | Oct 2022 | QIS vs HFND | |
| Frontier Asset Absolute Return ETF | 7.40% | 11.67M | Dec 2024 | QIS vs FARX | |
| SEI DBi Multi-Strategy Alternative ETF | 6.57% | 191.55M | Sep 2025 | QIS vs QALT |
Lowest Volatility Alternatives to QIS
QIS has 38.95% 1-year volatility. There are 7 ETFs in the Multistrategy category with lower 1-year volatility, going as low as 2.91%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Twin Oak Short Horizon Absolute Return ETF | 2.91% | 43.96M | Aug 2024 | QIS vs TOAK | |
| DGA Core Plus Absolute Return ETF | 5.69% | 19.61M | Aug 2023 | QIS vs HF | |
| Frontier Asset Absolute Return ETF | 7.28% | 11.67M | Dec 2024 | QIS vs FARX | |
| iShares Systematic Alternatives Active ETF | 7.80% | 4.72B | Dec 2025 | QIS vs IALT | |
| Unlimited HFND Multi-Strategy Return Tracker ETF | 9.82% | 33.60M | Oct 2022 | QIS vs HFND |
Lowest Drawdown Alternatives to QIS
QIS has a 1-year max drawdown of -55.12%. There are 5 ETFs in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -1.81%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Twin Oak Short Horizon Absolute Return ETF | -1.81% | 43.96M | Aug 2024 | QIS vs TOAK | |
| Frontier Asset Absolute Return ETF | -2.80% | 11.67M | Dec 2024 | QIS vs FARX | |
| DGA Core Plus Absolute Return ETF | -3.14% | 19.61M | Aug 2023 | QIS vs HF | |
| Unlimited HFND Multi-Strategy Return Tracker ETF | -4.94% | 33.60M | Oct 2022 | QIS vs HFND | |
| Return Stacked Bonds & Futures Yield ETF | -7.95% | 91.83M | Aug 2024 | QIS vs RSBY |
Other ETFs from Simplify
The 10 most viewed Simplify ETFs shown here include SVOL, CTA, HEQT and span 14 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | Volatility | 27 | -0.40% | 547.01M | May 2021 | QIS vs SVOL | |
| Simplify Managed Futures Strategy ETF | Systematic Trend | 10 | 0.24% | 1.57B | Mar 2022 | QIS vs CTA | |
| Simplify Hedged Equity ETF | Equity Hedged, Options Trading, Actively Managed | 63 | 4.02% | 316.92M | Nov 2021 | QIS vs HEQT | |
| Simplify Bitcoin Strategy PLUS Income ETF | Cryptocurrency, Derivative Income | 2 | -36.54% | 25.20M | Sep 2022 | QIS vs MAXI | |
| Simplify Interest Rate Hedge ETF | Hedge Fund | 5 | -6.98% | 201.47M | May 2021 | QIS vs PFIX | |
| Simplify High Yield PLUS Credit Hedge ETF | High Yield Bonds | 6 | -1.51% | 398.24M | Feb 2022 | QIS vs CDX | |
| Simplify Treasury Option Income ETF | Government Bonds, Ultrashort Bond, Derivative Income | 86 | 2.12% | 465.86M | Oct 2022 | QIS vs BUCK | |
| Simplify Enhanced Income ETF | Derivative Income, Dividend | 7 | -0.79% | 72.39M | Oct 2022 | QIS vs HIGH | |
| Simplify Aggregate Bond ETF | Intermediate Core Bond | 36 | 0.68% | 512.36M | Feb 2022 | QIS vs AGGH | |
| Simplify MBS ETF | Mortgage Backed Securities | 39 | -0.06% | 1.55B | Nov 2023 | QIS vs MTBA |
Often Compared With QIS
Investors most often compare QIS with JAAA, EQLS, PSMIX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare QIS with Any Fund or Stock
Compare QIS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QIS with funds that move differently
Simplify Multi-Qis Alternative ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QIS.
Explore QIS Diversifiers