QIS vs. BUCK

Last updated Apr 1, 2026

Compare and contrast key facts about Simplify Multi-Qis Alternative ETF (QIS) and Simplify Stable Income ETF (BUCK).

QIS and BUCK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QIS is an actively managed fund by Simplify. It was launched on Jul 10, 2023. BUCK is an actively managed fund by Simplify. It was launched on Oct 27, 2022.

Performance

QIS vs. BUCK - Performance Comparison

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

QIS vs. BUCK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QIS Simplify Multi-Qis Alternative ETF	-18.32%	-38.02%	0.19%	1.96%
BUCK Simplify Stable Income ETF	1.15%	4.13%	7.25%	1.89%

Returns By Period

In the year-to-date period, QIS achieves a -18.32% return, which is significantly lower than BUCK's 1.15% return.

QIS

• 1D: -4.55%
• 1M: -14.21%
• YTD: -18.32%
• 6M: -36.75%
• 1Y: -47.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BUCK

• 1D: 0.17%
• 1M: 0.19%
• YTD: 1.15%
• 6M: 2.45%
• 1Y: 2.84%
• 3Y*: 5.36%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QIS vs. BUCK - Expense Ratio Comparison

QIS has a 1.00% expense ratio, which is higher than BUCK's 0.35% expense ratio.

QIS

Simplify Multi-Qis Alternative ETF

BUCK

Simplify Stable Income ETF

Return for Risk

QIS vs. BUCK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QIS

QIS Risk / Return Rank: 0
QIS Sharpe Ratio Rank: 0
QIS Sortino Ratio Rank: 0
QIS Omega Ratio Rank: 0
QIS Calmar Ratio Rank: 0
QIS Martin Ratio Rank: 1

BUCK

BUCK Risk / Return Rank: 26
BUCK Sharpe Ratio Rank: 30
BUCK Sortino Ratio Rank: 25
BUCK Omega Ratio Rank: 28
BUCK Calmar Ratio Rank: 23
BUCK Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QIS vs. BUCK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and Simplify Stable Income ETF (BUCK). 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.

	QIS	BUCK	Difference
Sharpe ratio Return per unit of total volatility	-1.16	0.59	-1.75
Sortino ratio Return per unit of downside risk	-1.70	0.76	-2.46
Omega ratio Gain probability vs. loss probability	0.77	1.12	-0.35
Calmar ratio Return relative to maximum drawdown	-0.91	0.52	-1.43
Martin ratio Return relative to average drawdown	-1.62	1.39	-3.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QIS vs. BUCK - Sharpe Ratio Comparison

The current QIS Sharpe Ratio is -1.16, which is lower than the BUCK Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of QIS and BUCK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QIS	BUCK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.16	0.59	-1.75
Sharpe Ratio (All Time) Calculated using the full available price history	-0.80	1.45	-2.26

Correlation

The correlation between QIS and BUCK is -0.03. 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.

Dividends

QIS vs. BUCK - Dividend Comparison

QIS's dividend yield for the trailing twelve months is around 1.65%, less than BUCK's 7.56% yield.

	TTM	2025	2024	2023	2022
QIS Simplify Multi-Qis Alternative ETF	1.65%	3.37%	1.07%	3.29%	0.00%
BUCK Simplify Stable Income ETF	7.56%	7.59%	8.84%	4.84%	0.59%

Drawdowns

QIS vs. BUCK - Drawdown Comparison

The maximum QIS drawdown since its inception was -52.12%, which is greater than BUCK's maximum drawdown of -5.43%. Use the drawdown chart below to compare losses from any high point for QIS and BUCK.

Drawdown Indicators

	QIS	BUCK	Difference
Max Drawdown Largest peak-to-trough decline	-52.12%	-5.43%	-46.69%
Max Drawdown (1Y) Largest decline over 1 year	-51.77%	-5.43%	-46.34%
Current Drawdown Current decline from peak	-52.11%	0.00%	-52.11%
Average Drawdown Average peak-to-trough decline	-11.42%	-0.52%	-10.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.06%	2.04%	+27.02%

Volatility

QIS vs. BUCK - Volatility Comparison

Simplify Multi-Qis Alternative ETF (QIS) has a higher volatility of 11.26% compared to Simplify Stable Income ETF (BUCK) at 0.37%. This indicates that QIS's price experiences larger fluctuations and is considered to be riskier than BUCK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QIS	BUCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.26%	0.37%	+10.89%
Volatility (6M) Calculated over the trailing 6-month period	25.31%	1.68%	+23.63%
Volatility (1Y) Calculated over the trailing 1-year period	40.80%	4.83%	+35.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.91%	3.55%	+23.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.91%	3.55%	+23.36%