FSMSX vs. QIS
Compare and contrast key facts about FS Multi-Strategy Alternatives Fund (FSMSX) and Simplify Multi-Qis Alternative ETF (QIS).
FSMSX is managed by FS Investments. It was launched on May 15, 2017. QIS is an actively managed fund by Simplify. It was launched on Jul 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMSX or QIS.
Key characteristics
| FSMSX | QIS | |
|---|---|---|
| YTD Return | 4.03% | -1.36% |
| 1Y Return | 4.43% | -0.94% |
| Sharpe Ratio | 1.72 | -0.20 |
| Sortino Ratio | 2.42 | -0.20 |
| Omega Ratio | 1.36 | 0.97 |
| Calmar Ratio | 2.20 | -0.30 |
| Martin Ratio | 5.74 | -0.87 |
| Ulcer Index | 0.77% | 2.59% |
| Daily Std Dev | 2.58% | 11.30% |
| Max Drawdown | -9.41% | -7.51% |
| Current Drawdown | -0.44% | -6.87% |
Correlation
The correlation between FSMSX and QIS is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FSMSX vs. QIS - Performance Comparison
In the year-to-date period, FSMSX achieves a 4.03% return, which is significantly higher than QIS's -1.36% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSMSX vs. QIS - Expense Ratio Comparison
FSMSX has a 1.89% expense ratio, which is higher than QIS's 1.00% expense ratio.
Risk-Adjusted Performance
FSMSX vs. QIS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FS Multi-Strategy Alternatives Fund (FSMSX) 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.
Dividends
FSMSX vs. QIS - Dividend Comparison
FSMSX's dividend yield for the trailing twelve months is around 3.43%, less than QIS's 4.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
FSMSX FS Multi-Strategy Alternatives Fund | 3.43% | 3.57% | 2.97% | 3.22% | 0.77% | 2.20% |
QIS Simplify Multi-Qis Alternative ETF | 4.40% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSMSX vs. QIS - Drawdown Comparison
The maximum FSMSX drawdown since its inception was -9.41%, which is greater than QIS's maximum drawdown of -7.51%. Use the drawdown chart below to compare losses from any high point for FSMSX and QIS. For additional features, visit the drawdowns tool.
Volatility
FSMSX vs. QIS - Volatility Comparison
The current volatility for FS Multi-Strategy Alternatives Fund (FSMSX) is 0.73%, while Simplify Multi-Qis Alternative ETF (QIS) has a volatility of 3.45%. This indicates that FSMSX 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.