MTBA vs. QIS
Compare and contrast key facts about Simplify MBS ETF (MTBA) and Simplify Multi-Qis Alternative ETF (QIS).
MTBA and QIS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MTBA is an actively managed fund by Simplify. It was launched on Nov 6, 2023. 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: MTBA or QIS.
Performance
MTBA vs. QIS - Performance Comparison
Returns By Period
In the year-to-date period, MTBA achieves a 1.73% return, which is significantly higher than QIS's 0.47% return.
MTBA
1.73%
-0.48%
2.09%
4.38%
N/A
N/A
QIS
0.47%
1.19%
-2.85%
0.27%
N/A
N/A
Key characteristics
| MTBA | QIS | |
|---|---|---|
| Sharpe Ratio | 0.95 | -0.04 |
| Sortino Ratio | 1.37 | 0.03 |
| Omega Ratio | 1.17 | 1.00 |
| Calmar Ratio | 1.50 | -0.06 |
| Martin Ratio | 3.66 | -0.15 |
| Ulcer Index | 1.17% | 2.81% |
| Daily Std Dev | 4.49% | 11.23% |
| Max Drawdown | -2.84% | -7.51% |
| Current Drawdown | -2.67% | -5.14% |
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MTBA vs. QIS - Expense Ratio Comparison
MTBA has a 0.15% expense ratio, which is lower than QIS's 1.00% expense ratio.
Correlation
The correlation between MTBA and QIS is -0.04. 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.
Risk-Adjusted Performance
MTBA vs. QIS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify MBS ETF (MTBA) 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
MTBA vs. QIS - Dividend Comparison
MTBA's dividend yield for the trailing twelve months is around 5.49%, more than QIS's 4.32% yield.
| TTM | 2023 | |
|---|---|---|
MTBA Simplify MBS ETF | 5.49% | 0.48% |
QIS Simplify Multi-Qis Alternative ETF | 4.32% | 3.29% |
Drawdowns
MTBA vs. QIS - Drawdown Comparison
The maximum MTBA drawdown since its inception was -2.84%, smaller than the maximum QIS drawdown of -7.51%. Use the drawdown chart below to compare losses from any high point for MTBA and QIS. For additional features, visit the drawdowns tool.
Volatility
MTBA vs. QIS - Volatility Comparison
The current volatility for Simplify MBS ETF (MTBA) is 1.15%, while Simplify Multi-Qis Alternative ETF (QIS) has a volatility of 2.64%. This indicates that MTBA 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.