PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
PSMIX vs. QIS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PSMIX and QIS is -0.14. 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.


-0.50.00.51.0-0.1

Performance

PSMIX vs. QIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Global Multi-Strategy Fund (PSMIX) and Simplify Multi-Qis Alternative ETF (QIS). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
12.15%
1.61%
PSMIX
QIS

Key characteristics

Sharpe Ratio

PSMIX:

2.27

QIS:

-0.04

Sortino Ratio

PSMIX:

3.19

QIS:

0.03

Omega Ratio

PSMIX:

1.44

QIS:

1.00

Calmar Ratio

PSMIX:

1.74

QIS:

-0.06

Martin Ratio

PSMIX:

11.71

QIS:

-0.14

Ulcer Index

PSMIX:

0.76%

QIS:

3.10%

Daily Std Dev

PSMIX:

3.93%

QIS:

11.61%

Max Drawdown

PSMIX:

-15.71%

QIS:

-7.51%

Current Drawdown

PSMIX:

-0.79%

QIS:

-5.91%

Returns By Period

In the year-to-date period, PSMIX achieves a 8.76% return, which is significantly higher than QIS's -0.34% return.


PSMIX

YTD

8.76%

1M

0.36%

6M

2.82%

1Y

8.81%

5Y*

2.95%

10Y*

1.78%

QIS

YTD

-0.34%

1M

-0.81%

6M

-3.43%

1Y

-0.40%

5Y*

N/A

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PSMIX vs. QIS - Expense Ratio Comparison

PSMIX has a 1.63% expense ratio, which is higher than QIS's 1.00% expense ratio.


PSMIX
Principal Global Multi-Strategy Fund
Expense ratio chart for PSMIX: current value at 1.63% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.63%
Expense ratio chart for QIS: current value at 1.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.00%

Risk-Adjusted Performance

PSMIX vs. QIS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Global Multi-Strategy Fund (PSMIX) 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.


Sharpe ratio
The chart of Sharpe ratio for PSMIX, currently valued at 2.27, compared to the broader market-1.000.001.002.003.004.002.27-0.04
The chart of Sortino ratio for PSMIX, currently valued at 3.19, compared to the broader market-2.000.002.004.006.008.0010.003.190.03
The chart of Omega ratio for PSMIX, currently valued at 1.44, compared to the broader market0.501.001.502.002.503.003.501.441.00
The chart of Calmar ratio for PSMIX, currently valued at 2.43, compared to the broader market0.002.004.006.008.0010.0012.0014.002.43-0.06
The chart of Martin ratio for PSMIX, currently valued at 11.71, compared to the broader market0.0020.0040.0060.0011.71-0.14
PSMIX
QIS

The current PSMIX Sharpe Ratio is 2.27, which is higher than the QIS Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of PSMIX and QIS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00AugustSeptemberOctoberNovemberDecember
2.27
-0.04
PSMIX
QIS

Dividends

PSMIX vs. QIS - Dividend Comparison

PSMIX's dividend yield for the trailing twelve months is around 3.23%, less than QIS's 4.36% yield.


TTM20232022202120202019201820172016201520142013
PSMIX
Principal Global Multi-Strategy Fund
3.23%3.51%5.93%0.61%1.68%0.00%1.55%0.78%0.16%0.84%0.93%0.30%
QIS
Simplify Multi-Qis Alternative ETF
4.36%3.29%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PSMIX vs. QIS - Drawdown Comparison

The maximum PSMIX drawdown since its inception was -15.71%, which is greater than QIS's maximum drawdown of -7.51%. Use the drawdown chart below to compare losses from any high point for PSMIX and QIS. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.79%
-5.91%
PSMIX
QIS

Volatility

PSMIX vs. QIS - Volatility Comparison

The current volatility for Principal Global Multi-Strategy Fund (PSMIX) is 0.89%, while Simplify Multi-Qis Alternative ETF (QIS) has a volatility of 3.45%. This indicates that PSMIX 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.


0.00%2.00%4.00%6.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
0.89%
3.45%
PSMIX
QIS
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab