IALT vs. QIS
IALT (iShares Systematic Alternatives Active ETF) and QIS (Simplify Multi-Qis Alternative ETF) are both Multistrategy funds. Both are actively managed. At a correlation of -0.05, they often move in opposite directions. IALT charges 0.99%/yr vs 1.00%/yr for QIS.
Performance
IALT vs. QIS - Performance Comparison
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Returns By Period
In the year-to-date period, IALT achieves a 13.14% return, which is significantly higher than QIS's -16.19% return.
IALT
- 1D
- -0.07%
- 1M
- 2.25%
- YTD
- 13.14%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QIS
- 1D
- 1.79%
- 1M
- -10.18%
- YTD
- -16.19%
- 6M
- -22.01%
- 1Y
- -43.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IALT vs. QIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IALT iShares Systematic Alternatives Active ETF | 13.14% | 0.73% |
QIS Simplify Multi-Qis Alternative ETF | -16.19% | 0.57% |
Correlation
The correlation between IALT and QIS is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | -0.05 |
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Return for Risk
IALT vs. QIS — Risk / Return Rank
IALT
QIS
IALT vs. QIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Systematic Alternatives Active ETF (IALT) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| IALT | QIS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.28 | -0.67 | +4.96 |
Drawdowns
IALT vs. QIS - Drawdown Comparison
The maximum IALT drawdown since its inception was -1.47%, smaller than the maximum QIS drawdown of -55.49%. Use the drawdown chart below to compare losses from any high point for IALT and QIS.
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Drawdown Indicators
| IALT | QIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.47% | -55.49% | +54.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -50.92% | — |
Current DrawdownCurrent decline from peak | -0.07% | -50.86% | +50.79% |
Average DrawdownAverage peak-to-trough decline | -0.32% | -13.73% | +13.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 29.89% | — |
Volatility
IALT vs. QIS - Volatility Comparison
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Volatility by Period
| IALT | QIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.94% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 30.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.48% | 38.29% | -30.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 29.26% | -21.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.48% | 29.26% | -21.78% |
IALT vs. QIS - Expense Ratio Comparison
IALT has a 0.99% expense ratio, which is lower than QIS's 1.00% expense ratio.
Dividends
IALT vs. QIS - Dividend Comparison
IALT's dividend yield for the trailing twelve months is around 0.12%, less than QIS's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IALT iShares Systematic Alternatives Active ETF | 0.12% | 0.14% | 0.00% | 0.00% |
QIS Simplify Multi-Qis Alternative ETF | 1.61% | 3.37% | 1.07% | 3.29% |
Frequently Asked Questions
IALT and QIS have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IALT is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IALT is cheaper with a 0.99% expense ratio, compared with 1.00% for QIS.
QIS has the higher dividend yield at 1.61%, compared with 0.12% for IALT.
They also come from different issuers: iShares and Simplify. Their fees differ too: 0.99% for IALT and 1.00% for QIS.
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