GAFYX vs. QIS
Compare and contrast key facts about AlphaSimplex Global Alternatives Fund (GAFYX) and Simplify Multi-Qis Alternative ETF (QIS).
GAFYX is managed by Natixis Funds. It was launched on Sep 29, 2008. 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: GAFYX or QIS.
Key characteristics
| GAFYX | QIS | |
|---|---|---|
| YTD Return | 10.78% | -1.36% |
| 1Y Return | 11.95% | -0.94% |
| Sharpe Ratio | 1.75 | -0.20 |
| Sortino Ratio | 2.32 | -0.20 |
| Omega Ratio | 1.33 | 0.97 |
| Calmar Ratio | 1.90 | -0.30 |
| Martin Ratio | 8.57 | -0.87 |
| Ulcer Index | 1.36% | 2.59% |
| Daily Std Dev | 6.64% | 11.30% |
| Max Drawdown | -21.09% | -7.51% |
| Current Drawdown | 0.00% | -6.87% |
Correlation
The correlation between GAFYX and QIS is -0.13. 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
GAFYX vs. QIS - Performance Comparison
In the year-to-date period, GAFYX achieves a 10.78% 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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GAFYX vs. QIS - Expense Ratio Comparison
GAFYX has a 1.24% expense ratio, which is higher than QIS's 1.00% expense ratio.
Risk-Adjusted Performance
GAFYX vs. QIS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaSimplex Global Alternatives Fund (GAFYX) 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
GAFYX vs. QIS - Dividend Comparison
GAFYX's dividend yield for the trailing twelve months is around 4.56%, more than QIS's 4.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAFYX AlphaSimplex Global Alternatives Fund | 4.56% | 5.24% | 9.57% | 0.00% | 2.57% | 1.15% | 1.37% | 0.75% | 0.00% | 0.00% | 0.00% | 0.59% |
QIS Simplify Multi-Qis Alternative ETF | 4.40% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GAFYX vs. QIS - Drawdown Comparison
The maximum GAFYX drawdown since its inception was -21.09%, which is greater than QIS's maximum drawdown of -7.51%. Use the drawdown chart below to compare losses from any high point for GAFYX and QIS. For additional features, visit the drawdowns tool.
Volatility
GAFYX vs. QIS - Volatility Comparison
The current volatility for AlphaSimplex Global Alternatives Fund (GAFYX) is 1.94%, while Simplify Multi-Qis Alternative ETF (QIS) has a volatility of 3.45%. This indicates that GAFYX 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.