QIS vs. BSMU
QIS (Simplify Multi-Qis Alternative ETF) and BSMU (Invesco BulletShares 2030 Municipal Bond ETF) are both exchange-traded funds - QIS is a Multistrategy fund actively managed by Simplify, while BSMU is a Municipal Bonds fund tracking the Invesco Bulletshares Municipal Bond 2030 Index. QIS is actively managed, while BSMU is passively managed. Over the past 3 years, QIS returned -24.55%/yr vs 2.44%/yr for BSMU. Their -0.04 correlation means they have often moved in opposite directions in the past. QIS charges 1.00%/yr vs 0.18%/yr for BSMU.
Performance
QIS vs. BSMU - Performance Comparison
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Returns By Period
In the year-to-date period, QIS achieves a -31.94% return, which is significantly lower than BSMU's -0.34% return.
QIS
- 1D
- 2.58%
- 1M
- 2.94%
- 6M
- -34.00%
- YTD
- -31.94%
- 1Y
- -48.32%
- 3Y*
- -24.55%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -24.05%
BSMU
- 1D
- -0.09%
- 1M
- -1.13%
- 6M
- -1.15%
- YTD
- -0.34%
- 1Y
- 2.49%
- 3Y*
- 2.44%
- 5Y*
- -1.07%
- 10Y*
- —
- ALL TIME*
- 0.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $923.23K | $1.24M | $1.23M | |
| $8.01K | $6.87K | $26.74K |
QIS vs. BSMU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QIS Simplify Multi-Qis Alternative ETF | -31.94% | -38.02% | 0.19% | 2.08% |
BSMU Invesco BulletShares 2030 Municipal Bond ETF | -0.34% | 4.35% | -0.29% | 3.90% |
Correlation
The correlation between QIS and BSMU is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | -0.04 |
The correlation between QIS and BSMU shifts across timeframes, from -0.20 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QIS vs. BSMU — Risk / Return Rank
QIS
BSMU
QIS vs. BSMU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and Invesco BulletShares 2030 Municipal Bond ETF (BSMU). 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 | BSMU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -4.13 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.30 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 1.50 | -2.43 |
| Martin ratioReturn relative to average drawdown | -1.62 | 3.91 | -5.53 |
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Drawdowns
QIS vs. BSMU - Drawdown Comparison
The maximum QIS drawdown since its inception was -62.82%, which is greater than BSMU's maximum drawdown of -19.48%. Use the drawdown chart below to compare losses from any high point for QIS and BSMU.
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Drawdown Indicators
| QIS | BSMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.82% | -19.48% | -43.34% |
Max Drawdown (1Y)Largest decline over 1 year | -54.47% | -2.06% | -52.41% |
Max Drawdown (3Y)Largest decline over 3 years | -62.82% | -4.82% | -58.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.14% | — |
Current DrawdownCurrent decline from peak | -60.09% | -5.69% | -54.40% |
Average DrawdownAverage peak-to-trough decline | -16.05% | -8.10% | -7.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.13% | 0.79% | +30.34% |
Volatility
QIS vs. BSMU - Volatility Comparison
Simplify Multi-Qis Alternative ETF (QIS) has a higher volatility of 14.48% compared to Invesco BulletShares 2030 Municipal Bond ETF (BSMU) at 0.64%. This indicates that QIS's price experiences larger fluctuations and is considered to be riskier than BSMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QIS | BSMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.48% | 0.64% | +13.84% |
Volatility (6M)Calculated over the trailing 6-month period | 32.96% | 1.65% | +31.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.15% | 2.14% | +38.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.10% | 4.81% | +25.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.10% | 4.79% | +25.31% |
QIS vs. BSMU - Expense Ratio Comparison
QIS has a 1.00% expense ratio, which is higher than BSMU's 0.18% expense ratio.
Dividends
QIS vs. BSMU - Dividend Comparison
QIS's dividend yield for the trailing twelve months is around 2.00%, less than BSMU's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BSMU Invesco BulletShares 2030 Municipal Bond ETF | 2.81% | 2.82% | 2.92% | 2.66% | 2.16% | 1.60% | 0.28% |
QIS Simplify Multi-Qis Alternative ETF | 2.00% | 3.37% | 1.07% | 3.29% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QIS and BSMU have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QIS has higher volatility (14.48%) compared to BSMU (0.64%). In terms of maximum drawdown, QIS dropped -62.82% vs BSMU's -19.48%.
On 3-year performance, BSMU leads with 2.44% vs -24.55% for QIS. On fees, BSMU is cheaper at 0.18% per year. On volatility, BSMU has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BSMU has performed better with a 2.44% return vs -24.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSMU is cheaper with a 0.18% expense ratio, compared with 1.00% for QIS.
BSMU has the higher dividend yield at 2.81%, compared with 2.00% for QIS.
QIS is categorized as Multistrategy, while BSMU is Municipal Bonds. They also come from different issuers: Simplify and Invesco. Their fees differ too: 1.00% for QIS and 0.18% for BSMU.
BSMU currently has the higher Sharpe Ratio (1.46 vs -1.26), 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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