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ARB vs. QIS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ARB and QIS is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.3

Performance

ARB vs. QIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AltShares Merger Arbitrage ETF (ARB) and Simplify Multi-Qis Alternative ETF (QIS). The values are adjusted to include any dividend payments, if applicable.

-15.00%-10.00%-5.00%0.00%5.00%10.00%December2025FebruaryMarchAprilMay
11.10%
-5.28%
ARB
QIS

Key characteristics

Sharpe Ratio

ARB:

2.01

QIS:

-0.34

Sortino Ratio

ARB:

2.84

QIS:

-0.25

Omega Ratio

ARB:

1.41

QIS:

0.94

Calmar Ratio

ARB:

3.07

QIS:

-0.42

Martin Ratio

ARB:

12.43

QIS:

-1.53

Ulcer Index

ARB:

0.53%

QIS:

6.54%

Daily Std Dev

ARB:

3.24%

QIS:

29.70%

Max Drawdown

ARB:

-5.60%

QIS:

-24.02%

Current Drawdown

ARB:

-0.44%

QIS:

-12.29%

Returns By Period

In the year-to-date period, ARB achieves a 2.13% return, which is significantly higher than QIS's -7.28% return.


ARB

YTD

2.13%

1M

0.84%

6M

1.98%

1Y

6.25%

5Y*

N/A

10Y*

N/A

QIS

YTD

-7.28%

1M

-11.66%

6M

-5.78%

1Y

-9.77%

5Y*

N/A

10Y*

N/A

*Annualized

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ARB vs. QIS - Expense Ratio Comparison

ARB has a 0.87% expense ratio, which is lower than QIS's 1.00% expense ratio.


Expense ratio chart for QIS: current value is 1.00%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QIS: 1.00%
Expense ratio chart for ARB: current value is 0.87%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
ARB: 0.87%

Risk-Adjusted Performance

ARB vs. QIS — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARB
The Risk-Adjusted Performance Rank of ARB is 9595
Overall Rank
The Sharpe Ratio Rank of ARB is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of ARB is 9494
Sortino Ratio Rank
The Omega Ratio Rank of ARB is 9494
Omega Ratio Rank
The Calmar Ratio Rank of ARB is 9696
Calmar Ratio Rank
The Martin Ratio Rank of ARB is 9595
Martin Ratio Rank

QIS
The Risk-Adjusted Performance Rank of QIS is 55
Overall Rank
The Sharpe Ratio Rank of QIS is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of QIS is 88
Sortino Ratio Rank
The Omega Ratio Rank of QIS is 55
Omega Ratio Rank
The Calmar Ratio Rank of QIS is 33
Calmar Ratio Rank
The Martin Ratio Rank of QIS is 11
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ARB vs. QIS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for AltShares Merger Arbitrage ETF (ARB) 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.


The chart of Sharpe ratio for ARB, currently valued at 2.01, compared to the broader market-1.000.001.002.003.004.00
ARB: 2.01
QIS: -0.34
The chart of Sortino ratio for ARB, currently valued at 2.84, compared to the broader market-2.000.002.004.006.008.00
ARB: 2.84
QIS: -0.25
The chart of Omega ratio for ARB, currently valued at 1.41, compared to the broader market0.501.001.502.00
ARB: 1.41
QIS: 0.94
The chart of Calmar ratio for ARB, currently valued at 3.07, compared to the broader market0.002.004.006.008.0010.0012.00
ARB: 3.07
QIS: -0.42
The chart of Martin ratio for ARB, currently valued at 12.43, compared to the broader market0.0020.0040.0060.00
ARB: 12.43
QIS: -1.53

The current ARB Sharpe Ratio is 2.01, which is higher than the QIS Sharpe Ratio of -0.34. The chart below compares the historical Sharpe Ratios of ARB and QIS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.001.502.002.50December2025FebruaryMarchAprilMay
2.01
-0.34
ARB
QIS

Dividends

ARB vs. QIS - Dividend Comparison

ARB's dividend yield for the trailing twelve months is around 1.10%, less than QIS's 2.51% yield.


TTM20242023202220212020
ARB
AltShares Merger Arbitrage ETF
1.10%1.12%0.00%4.18%0.00%2.86%
QIS
Simplify Multi-Qis Alternative ETF
2.51%1.07%3.29%0.00%0.00%0.00%

Drawdowns

ARB vs. QIS - Drawdown Comparison

The maximum ARB drawdown since its inception was -5.60%, smaller than the maximum QIS drawdown of -24.02%. Use the drawdown chart below to compare losses from any high point for ARB and QIS. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-0.44%
-12.29%
ARB
QIS

Volatility

ARB vs. QIS - Volatility Comparison

The current volatility for AltShares Merger Arbitrage ETF (ARB) is 1.29%, while Simplify Multi-Qis Alternative ETF (QIS) has a volatility of 25.98%. This indicates that ARB 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.


0.00%5.00%10.00%15.00%20.00%25.00%December2025FebruaryMarchAprilMay
1.29%
25.98%
ARB
QIS