QIS vs. AHTPX
Compare and contrast key facts about Simplify Multi-Qis Alternative ETF (QIS) and American Beacon AHL TargetRisk Fund (AHTPX).
QIS is an actively managed fund by Simplify. It was launched on Jul 10, 2023. AHTPX is managed by American Beacon. It was launched on Dec 30, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QIS or AHTPX.
Key characteristics
| QIS | AHTPX | |
|---|---|---|
| YTD Return | -0.59% | 6.27% |
| 1Y Return | -0.90% | 12.95% |
| Sharpe Ratio | -0.09 | 1.46 |
| Sortino Ratio | -0.04 | 1.97 |
| Omega Ratio | 0.99 | 1.27 |
| Calmar Ratio | -0.13 | 0.62 |
| Martin Ratio | -0.35 | 5.12 |
| Ulcer Index | 2.72% | 2.79% |
| Daily Std Dev | 11.19% | 9.81% |
| Max Drawdown | -7.51% | -27.86% |
| Current Drawdown | -6.14% | -12.91% |
Correlation
The correlation between QIS and AHTPX is -0.05. 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.
Performance
QIS vs. AHTPX - Performance Comparison
In the year-to-date period, QIS achieves a -0.59% return, which is significantly lower than AHTPX's 6.27% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QIS vs. AHTPX - Expense Ratio Comparison
QIS has a 1.00% expense ratio, which is lower than AHTPX's 1.41% expense ratio.
Risk-Adjusted Performance
QIS vs. AHTPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and American Beacon AHL TargetRisk Fund (AHTPX). 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
QIS vs. AHTPX - Dividend Comparison
QIS's dividend yield for the trailing twelve months is around 4.37%, more than AHTPX's 3.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
QIS Simplify Multi-Qis Alternative ETF | 4.37% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% |
AHTPX American Beacon AHL TargetRisk Fund | 3.42% | 3.63% | 3.19% | 7.61% | 0.00% | 0.18% |
Drawdowns
QIS vs. AHTPX - Drawdown Comparison
The maximum QIS drawdown since its inception was -7.51%, smaller than the maximum AHTPX drawdown of -27.86%. Use the drawdown chart below to compare losses from any high point for QIS and AHTPX. For additional features, visit the drawdowns tool.
Volatility
QIS vs. AHTPX - Volatility Comparison
Simplify Multi-Qis Alternative ETF (QIS) has a higher volatility of 3.12% compared to American Beacon AHL TargetRisk Fund (AHTPX) at 2.39%. This indicates that QIS's price experiences larger fluctuations and is considered to be riskier than AHTPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.