QIS vs. AHTPX
QIS (Simplify Multi-Qis Alternative ETF) and AHTPX (American Beacon AHL TargetRisk Fund) are both funds - QIS is a Multistrategy fund actively managed by Simplify, while AHTPX is a Tactical Allocation fund managed by American Beacon. Over the past 3 years, QIS returned -25.20%/yr vs 10.21%/yr for AHTPX. At a 0.04 correlation, their price movements are largely independent. QIS charges 1.00%/yr vs 1.41%/yr for AHTPX.
Performance
QIS vs. AHTPX - Performance Comparison
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Returns By Period
In the year-to-date period, QIS achieves a -33.90% return, which is significantly lower than AHTPX's 6.84% return.
QIS
- 1D
- -1.13%
- 1M
- -10.85%
- 6M
- -34.17%
- YTD
- -33.90%
- 1Y
- -53.77%
- 3Y*
- -25.20%
- 5Y*
- —
- 10Y*
- —
AHTPX
- 1D
- 0.71%
- 1M
- -0.95%
- 6M
- 3.54%
- YTD
- 6.84%
- 1Y
- 18.21%
- 3Y*
- 10.21%
- 5Y*
- 4.07%
- 10Y*
- —
QIS vs. AHTPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QIS Simplify Multi-Qis Alternative ETF | -33.90% | -38.02% | 0.19% | 2.08% |
AHTPX American Beacon AHL TargetRisk Fund | 6.84% | 7.76% | 6.73% | 8.95% |
Correlation
The correlation between QIS and AHTPX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.04 |
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Return for Risk
QIS vs. AHTPX — Risk / Return Rank
QIS
AHTPX
QIS vs. AHTPX - Risk-Adjusted Trends 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.
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.
| QIS | AHTPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.33 | ||
| Sortino ratioReturn per unit of downside risk | -5.04 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.35 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -1.02 | 2.50 | -3.53 |
| Martin ratioReturn relative to average drawdown | -1.82 | 6.57 | -8.39 |
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Drawdowns
QIS vs. AHTPX - Drawdown Comparison
The maximum QIS drawdown since its inception was -61.25%, which is greater than AHTPX's maximum drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for QIS and AHTPX.
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Drawdown Indicators
| QIS | AHTPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.25% | -19.23% | -42.02% |
Max Drawdown (1Y)Largest decline over 1 year | -53.92% | -7.26% | -46.66% |
Max Drawdown (3Y)Largest decline over 3 years | -61.25% | -12.89% | -48.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.23% | — |
Current DrawdownCurrent decline from peak | -61.25% | -3.71% | -57.54% |
Average DrawdownAverage peak-to-trough decline | -15.19% | -5.62% | -9.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.49% | 2.76% | +28.73% |
Volatility
QIS vs. AHTPX - Volatility Comparison
Simplify Multi-Qis Alternative ETF (QIS) has a higher volatility of 8.49% compared to American Beacon AHL TargetRisk Fund (AHTPX) at 2.94%. 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.
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Volatility by Period
| QIS | AHTPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.49% | 2.94% | +5.55% |
Volatility (6M)Calculated over the trailing 6-month period | 30.82% | 6.70% | +24.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.10% | 9.66% | +28.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.39% | 9.67% | +19.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.39% | 8.95% | +20.44% |
QIS vs. AHTPX - Expense Ratio Comparison
QIS has a 1.00% expense ratio, which is lower than AHTPX's 1.41% expense ratio.
Dividends
QIS vs. AHTPX - Dividend Comparison
QIS's dividend yield for the trailing twelve months is around 2.06%, less than AHTPX's 7.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AHTPX American Beacon AHL TargetRisk Fund | 7.47% | 7.98% | 4.80% | 3.63% | 5.07% | 18.73% | 0.54% | 4.51% |
QIS Simplify Multi-Qis Alternative ETF | 2.06% | 3.37% | 1.07% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QIS and AHTPX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QIS has higher volatility (8.49%) compared to AHTPX (2.94%). In terms of maximum drawdown, QIS dropped -61.25% vs AHTPX's -19.23%.
AHTPX currently has the higher Sharpe Ratio (1.88 vs -1.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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