HOLD vs. QIS
HOLD (Harbor Alpha Layering ETF) and QIS (Simplify Multi-Qis Alternative ETF) are both Multistrategy funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. HOLD charges 0.70%/yr vs 1.00%/yr for QIS.
Performance
HOLD vs. QIS - Performance Comparison
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Returns By Period
In the year-to-date period, HOLD achieves a 8.53% return, which is significantly higher than QIS's -28.01% return.
HOLD
- 1D
- -0.41%
- 1M
- -3.28%
- YTD
- 8.53%
- 6M
- 7.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QIS
- 1D
- 1.45%
- 1M
- -21.57%
- YTD
- -28.01%
- 6M
- -28.49%
- 1Y
- -49.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOLD vs. QIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOLD Harbor Alpha Layering ETF | 8.53% | 8.77% |
QIS Simplify Multi-Qis Alternative ETF | -28.01% | -27.26% |
Correlation
The correlation between HOLD and QIS is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 14, 2025 | 0.15 |
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Return for Risk
HOLD vs. QIS — Risk / Return Rank
HOLD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QIS
HOLD vs. QIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Alpha Layering ETF (HOLD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HOLD | QIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.77 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.91 | — |
| Martin ratioReturn relative to average drawdown | — | -1.55 | — |
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Drawdowns
HOLD vs. QIS - Drawdown Comparison
The maximum HOLD drawdown since its inception was -9.47%, smaller than the maximum QIS drawdown of -58.39%. Use the drawdown chart below to compare losses from any high point for HOLD and QIS.
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Drawdown Indicators
| HOLD | QIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.47% | -58.39% | +48.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -54.12% | — |
Current DrawdownCurrent decline from peak | -4.84% | -57.79% | +52.95% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -14.33% | +12.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 31.73% | — |
Volatility
HOLD vs. QIS - Volatility Comparison
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Volatility by Period
| HOLD | QIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 30.32% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.43% | 38.87% | -23.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 29.38% | -13.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 29.38% | -13.95% |
HOLD vs. QIS - Expense Ratio Comparison
HOLD has a 0.70% expense ratio, which is lower than QIS's 1.00% expense ratio.
Dividends
HOLD vs. QIS - Dividend Comparison
HOLD's dividend yield for the trailing twelve months is around 6.74%, more than QIS's 1.87% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HOLD Harbor Alpha Layering ETF | 6.74% | 7.32% | 0.00% | 0.00% |
QIS Simplify Multi-Qis Alternative ETF | 1.87% | 3.37% | 1.07% | 3.29% |
Frequently Asked Questions
HOLD and QIS have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HOLD is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HOLD is cheaper with a 0.70% expense ratio, compared with 1.00% for QIS.
HOLD has the higher dividend yield at 6.74%, compared with 1.87% for QIS.
They also come from different issuers: Harbor and Simplify. Their fees differ too: 0.70% for HOLD and 1.00% for QIS.
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