QIS vs. DINE
QIS (Simplify Multi-Qis Alternative ETF) and DINE (Simplify Tax Aware Diversified Income Strategy ETF) are both Multistrategy funds from Simplify. Both are actively managed. Their -0.06 correlation means they have often moved in opposite directions in the past. QIS charges 1.00%/yr vs 0.15%/yr for DINE.
Performance
QIS vs. DINE - Performance Comparison
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Returns By Period
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%
DINE
- 1D
- 0.28%
- 1M
- -1.28%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $50.67K | $29.27K | $11.59K | |
| $8.01K | $6.87K | $26.74K |
QIS vs. DINE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QIS Simplify Multi-Qis Alternative ETF | -27.06% |
DINE Simplify Tax Aware Diversified Income Strategy ETF | 0.24% |
Correlation
The correlation between QIS and DINE is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 5, 2026 | -0.06 |
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Return for Risk
QIS vs. DINE — Risk / Return Rank
QIS
DINE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QIS vs. DINE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and Simplify Tax Aware Diversified Income Strategy ETF (DINE). 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 | DINE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.77 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | — | — |
| Martin ratioReturn relative to average drawdown | -1.62 | — | — |
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Drawdowns
QIS vs. DINE - Drawdown Comparison
The maximum QIS drawdown since its inception was -62.82%, which is greater than DINE's maximum drawdown of -2.13%. Use the drawdown chart below to compare losses from any high point for QIS and DINE.
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Drawdown Indicators
| QIS | DINE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.82% | -2.13% | -60.69% |
Max Drawdown (1Y)Largest decline over 1 year | -54.47% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -62.82% | — | — |
Current DrawdownCurrent decline from peak | -60.09% | -1.52% | -58.57% |
Average DrawdownAverage peak-to-trough decline | -16.05% | -0.47% | -15.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.13% | — | — |
Volatility
QIS vs. DINE - Volatility Comparison
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Volatility by Period
| QIS | DINE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.48% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 32.96% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.15% | 4.40% | +35.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.10% | 4.40% | +25.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.10% | 4.40% | +25.70% |
QIS vs. DINE - Expense Ratio Comparison
QIS has a 1.00% expense ratio, which is higher than DINE's 0.15% expense ratio.
Dividends
QIS vs. DINE - Dividend Comparison
QIS's dividend yield for the trailing twelve months is around 2.00%, more than DINE's 0.20% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DINE Simplify Tax Aware Diversified Income Strategy ETF | 0.20% | 0.00% | 0.00% | 0.00% |
QIS Simplify Multi-Qis Alternative ETF | 2.00% | 3.37% | 1.07% | 3.29% |
Frequently Asked Questions
QIS and DINE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DINE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DINE is cheaper with a 0.15% expense ratio, compared with 1.00% for QIS.
QIS has the higher dividend yield at 2.00%, compared with 0.20% for DINE.
Their fees differ too: 1.00% for QIS and 0.15% for DINE.
Find the right allocation for QIS and DINE
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