HFND vs. QIS
Compare and contrast key facts about Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and Simplify Multi-Qis Alternative ETF (QIS).
HFND and QIS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HFND is an actively managed fund by Tidal ETFs. It was launched on Oct 10, 2022. 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: HFND or QIS.
Key characteristics
| HFND | QIS | |
|---|---|---|
| YTD Return | 8.43% | -1.61% |
| 1Y Return | 13.48% | -1.70% |
| Sharpe Ratio | 1.56 | -0.11 |
| Sortino Ratio | 2.16 | -0.07 |
| Omega Ratio | 1.28 | 0.99 |
| Calmar Ratio | 2.39 | -0.16 |
| Martin Ratio | 8.50 | -0.45 |
| Ulcer Index | 1.53% | 2.63% |
| Daily Std Dev | 8.30% | 11.22% |
| Max Drawdown | -6.96% | -7.51% |
| Current Drawdown | -0.35% | -7.10% |
Correlation
The correlation between HFND and QIS is -0.07. 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
HFND vs. QIS - Performance Comparison
In the year-to-date period, HFND achieves a 8.43% return, which is significantly higher than QIS's -1.61% 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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HFND vs. QIS - Expense Ratio Comparison
HFND has a 1.22% expense ratio, which is higher than QIS's 1.00% expense ratio.
Risk-Adjusted Performance
HFND vs. QIS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) 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
HFND vs. QIS - Dividend Comparison
HFND's dividend yield for the trailing twelve months is around 1.30%, less than QIS's 4.41% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
HFND Unlimited HFND Multi-Strategy Return Tracker ETF | 1.30% | 1.41% | 0.43% |
QIS Simplify Multi-Qis Alternative ETF | 4.41% | 3.29% | 0.00% |
Drawdowns
HFND vs. QIS - Drawdown Comparison
The maximum HFND drawdown since its inception was -6.96%, smaller than the maximum QIS drawdown of -7.51%. Use the drawdown chart below to compare losses from any high point for HFND and QIS. For additional features, visit the drawdowns tool.
Volatility
HFND vs. QIS - Volatility Comparison
The current volatility for Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) is 2.78%, while Simplify Multi-Qis Alternative ETF (QIS) has a volatility of 3.43%. This indicates that HFND 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.