MAFIX vs. EQLS

Last updated Aug 1, 2026

MAFIX (Abbey Capital Multi Asset Fund Class I) and EQLS (Simplify Market Neutral Equity Long/Short ETF) are both funds - MAFIX is a Multistrategy fund managed by Abbey Capital, while EQLS is a Long-Short fund actively managed by Simplify. Their 0.09 correlation means their historical movements had little consistent relationship. MAFIX charges 1.79%/yr vs 1.00%/yr for EQLS.

Performance

MAFIX vs. EQLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Abbey Capital Multi Asset Fund Class I (MAFIX) and Simplify Market Neutral Equity Long/Short ETF (EQLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MAFIX

• 1D: 0.25%
• 1M: -1.62%
• 6M: 3.22%
• YTD: 7.60%
• 1Y: 24.55%
• 3Y*: 7.68%
• 5Y*: 7.28%
• 10Y*: —
• ALL TIME*: 12.06%

EQLS

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MAFIX Abbey Capital Multi Asset Fund Class I	$0.00	$0.00	$0.00

MAFIX vs. EQLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MAFIX Abbey Capital Multi Asset Fund Class I	7.60%	8.41%	8.99%	-0.04%
EQLS Simplify Market Neutral Equity Long/Short ETF	0.00%	6.82%	-4.82%	-3.67%

Correlation

The correlation between MAFIX and EQLS is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.10
Correlation (All Time) Calculated using the full available price history since Jun 14, 2023	0.09

Return for Risk

MAFIX vs. EQLS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MAFIX

MAFIX Risk / Return Rank: 73
MAFIX Sharpe Ratio Rank: 71
MAFIX Sortino Ratio Rank: 66
MAFIX Omega Ratio Rank: 65
MAFIX Calmar Ratio Rank: 86
MAFIX Martin Ratio Rank: 74

EQLS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MAFIX vs. EQLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abbey Capital Multi Asset Fund Class I (MAFIX) and Simplify Market Neutral Equity Long/Short ETF (EQLS). 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.

	MAFIX	EQLS	Difference
Sharpe ratio: Return per unit of total volatility	1.63	—	—
Sortino ratio: Return per unit of downside risk	2.23	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.92	—	—
Martin ratio: Return relative to average drawdown	8.84	—	—

Drawdowns

Drawdown Indicators

	MAFIX	EQLS	Difference
Max Drawdown Largest peak-to-trough decline	-19.21%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.21%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.21%	—	—
Current Drawdown Current decline from peak	-5.22%	—	—
Average Drawdown Average peak-to-trough decline	-3.41%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	—	—

Volatility

Volatility by Period

	MAFIX	EQLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.03%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.30%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.84%	—	—

MAFIX vs. EQLS - Expense Ratio Comparison

MAFIX has a 1.79% expense ratio, which is higher than EQLS's 1.00% expense ratio.

Dividends

MAFIX vs. EQLS - Dividend Comparison

MAFIX's dividend yield for the trailing twelve months is around 10.95%, while EQLS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EQLS Simplify Market Neutral Equity Long/Short ETF	0.00%	0.45%	0.95%	8.50%	0.00%	0.00%	0.00%	0.00%	0.00%
MAFIX Abbey Capital Multi Asset Fund Class I	10.95%	11.78%	4.57%	3.80%	4.12%	10.65%	10.29%	12.30%	9.36%

Frequently Asked Questions

Can I hold both MAFIX and EQLS in my portfolio?

MAFIX and EQLS have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.