FARX vs. QIS

Last updated Apr 17, 2026

FARX (Frontier Asset Absolute Return ETF) and QIS (Simplify Multi-Qis Alternative ETF) are both Multistrategy funds. Both are actively managed. Over the past year, FARX returned 19.41% vs -45.81% for QIS. At 0.12, their price movements are largely independent. Both charge a 1.00% expense ratio.

Performance

FARX vs. QIS - Performance Comparison

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

Returns By Period

In the year-to-date period, FARX achieves a 6.99% return, which is significantly higher than QIS's -24.08% return.

FARX

• 1D: 0.24%
• 1M: 0.65%
• YTD: 6.99%
• 6M: 9.04%
• 1Y: 19.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QIS

• 1D: -6.38%
• 1M: -17.81%
• YTD: -24.08%
• 6M: -40.82%
• 1Y: -45.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FARX vs. QIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FARX Frontier Asset Absolute Return ETF	6.99%	10.61%	0.35%
QIS Simplify Multi-Qis Alternative ETF	-24.08%	-38.02%	0.53%

Correlation

The correlation between FARX and QIS is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024	0.12

Return for Risk

FARX vs. QIS — Risk / Return Rank

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

FARX

FARX Risk / Return Rank: 85
FARX Sharpe Ratio Rank: 79
FARX Sortino Ratio Rank: 78
FARX Omega Ratio Rank: 84
FARX Calmar Ratio Rank: 94
FARX Martin Ratio Rank: 92

QIS

QIS Risk / Return Rank: 1
QIS Sharpe Ratio Rank: 1
QIS Sortino Ratio Rank: 1
QIS Omega Ratio Rank: 1
QIS Calmar Ratio Rank: 1
QIS Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FARX vs. QIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Frontier Asset Absolute Return ETF (FARX) 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.

	FARX	QIS	Difference
Sharpe ratio Return per unit of total volatility	2.84	-1.32	+4.16
Sortino ratio Return per unit of downside risk	3.87	-2.04	+5.91
Omega ratio Gain probability vs. loss probability	1.57	0.76	+0.80
Calmar ratio Return relative to maximum drawdown	7.16	-0.90	+8.06
Martin ratio Return relative to average drawdown	25.10	-1.75	+26.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FARX vs. QIS - Sharpe Ratio Comparison

The current FARX Sharpe Ratio is 2.84, which is higher than the QIS Sharpe Ratio of -1.32. The chart below compares the historical Sharpe Ratios of FARX and QIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FARX	QIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.84	-1.32	+4.16
Sharpe Ratio (All Time) Calculated using the full available price history	1.99	-0.85	+2.84

Drawdowns

FARX vs. QIS - Drawdown Comparison

The maximum FARX drawdown since its inception was -5.83%, smaller than the maximum QIS drawdown of -55.49%. Use the drawdown chart below to compare losses from any high point for FARX and QIS.

Drawdown Indicators

	FARX	QIS	Difference
Max Drawdown Largest peak-to-trough decline	-5.83%	-55.49%	+49.66%
Max Drawdown (1Y) Largest decline over 1 year	-2.80%	-51.93%	+49.13%
Current Drawdown Current decline from peak	0.00%	-55.49%	+55.49%
Average Drawdown Average peak-to-trough decline	-1.09%	-12.12%	+11.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.80%	26.80%	-26.00%

Volatility

FARX vs. QIS - Volatility Comparison

The current volatility for Frontier Asset Absolute Return ETF (FARX) is 1.95%, while Simplify Multi-Qis Alternative ETF (QIS) has a volatility of 15.85%. This indicates that FARX 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.

Volatility by Period

	FARX	QIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	15.85%	-13.90%
Volatility (6M) Calculated over the trailing 6-month period	5.83%	27.51%	-21.68%
Volatility (1Y) Calculated over the trailing 1-year period	6.90%	34.88%	-27.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.11%	27.60%	-20.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.11%	27.60%	-20.49%

FARX vs. QIS - Expense Ratio Comparison

Both FARX and QIS have an expense ratio of 1.00%.

Dividends

FARX vs. QIS - Dividend Comparison

FARX's dividend yield for the trailing twelve months is around 2.96%, more than QIS's 1.78% yield.

	TTM	2025	2024	2023
FARX Frontier Asset Absolute Return ETF	2.96%	3.25%	0.19%	0.00%
QIS Simplify Multi-Qis Alternative ETF	1.78%	3.37%	1.07%	3.29%