AHTPX vs. QIS
AHTPX (American Beacon AHL TargetRisk Fund) and QIS (Simplify Multi-Qis Alternative ETF) are both funds - AHTPX is a Tactical Allocation fund managed by American Beacon, while QIS is a Multistrategy fund actively managed by Simplify. Over the past 3 years, AHTPX returned 9.98%/yr vs -24.38%/yr for QIS. At a 0.04 correlation, their price movements are largely independent. AHTPX charges 1.41%/yr vs 1.00%/yr for QIS.
Performance
AHTPX vs. QIS - Performance Comparison
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Returns By Period
In the year-to-date period, AHTPX achieves a 7.02% return, which is significantly higher than QIS's -31.60% return.
AHTPX
- 1D
- 0.18%
- 1M
- -0.78%
- 6M
- 2.60%
- YTD
- 7.02%
- 1Y
- 18.42%
- 3Y*
- 9.98%
- 5Y*
- 4.11%
- 10Y*
- —
QIS
- 1D
- 3.48%
- 1M
- -7.74%
- 6M
- -33.04%
- YTD
- -31.60%
- 1Y
- -52.16%
- 3Y*
- -24.38%
- 5Y*
- —
- 10Y*
- —
AHTPX vs. QIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AHTPX American Beacon AHL TargetRisk Fund | 7.02% | 7.76% | 6.73% | 8.95% |
QIS Simplify Multi-Qis Alternative ETF | -31.60% | -38.02% | 0.19% | 2.08% |
Correlation
The correlation between AHTPX and QIS is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.04 |
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Return for Risk
AHTPX vs. QIS — Risk / Return Rank
AHTPX
QIS
AHTPX vs. QIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon AHL TargetRisk Fund (AHTPX) and Simplify Multi-Qis Alternative ETF (QIS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AHTPX | QIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.25 | ||
| Sortino ratioReturn per unit of downside risk | +4.84 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.75 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | -0.97 | +3.47 |
| Martin ratioReturn relative to average drawdown | 6.54 | -1.72 | +8.26 |
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Drawdowns
AHTPX vs. QIS - Drawdown Comparison
The maximum AHTPX drawdown since its inception was -19.23%, smaller than the maximum QIS drawdown of -61.25%. Use the drawdown chart below to compare losses from any high point for AHTPX and QIS.
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Drawdown Indicators
| AHTPX | QIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.23% | -61.25% | +42.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.26% | -53.92% | +46.66% |
Max Drawdown (3Y)Largest decline over 3 years | -12.89% | -61.25% | +48.36% |
Max Drawdown (5Y)Largest decline over 5 years | -19.23% | — | — |
Current DrawdownCurrent decline from peak | -3.54% | -59.90% | +56.36% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -15.25% | +9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 30.37% | -27.60% |
Volatility
AHTPX vs. QIS - Volatility Comparison
The current volatility for American Beacon AHL TargetRisk Fund (AHTPX) is 2.94%, while Simplify Multi-Qis Alternative ETF (QIS) has a volatility of 9.32%. This indicates that AHTPX experiences smaller price fluctuations and is considered to be less risky than QIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHTPX | QIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 9.32% | -6.38% |
Volatility (6M)Calculated over the trailing 6-month period | 6.70% | 30.98% | -24.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.65% | 38.25% | -28.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.67% | 29.44% | -19.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.95% | 29.44% | -20.49% |
AHTPX vs. QIS - Expense Ratio Comparison
AHTPX has a 1.41% expense ratio, which is higher than QIS's 1.00% expense ratio.
Dividends
AHTPX vs. QIS - Dividend Comparison
AHTPX's dividend yield for the trailing twelve months is around 7.46%, more than QIS's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AHTPX American Beacon AHL TargetRisk Fund | 7.46% | 7.98% | 4.80% | 3.63% | 5.07% | 18.73% | 0.54% | 4.51% |
QIS Simplify Multi-Qis Alternative ETF | 1.99% | 3.37% | 1.07% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AHTPX and QIS have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QIS has higher volatility (9.32%) compared to AHTPX (2.94%). In terms of maximum drawdown, AHTPX dropped -19.23% vs QIS's -61.25%.
AHTPX currently has the higher Sharpe Ratio (1.88 vs -1.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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