Correlation
The correlation between QIS and EQLS is -0.08. 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.
QIS vs. EQLS
Compare and contrast key facts about Simplify Multi-Qis Alternative ETF (QIS) and Simplify Market Neutral Equity Long/Short ETF (EQLS).
QIS and EQLS 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. EQLS is an actively managed fund by Simplify. It was launched on Jun 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QIS or EQLS.
Performance
QIS vs. EQLS - Performance Comparison
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Key characteristics
QIS:
-0.39
EQLS:
-0.16
QIS:
-0.34
EQLS:
-0.09
QIS:
0.93
EQLS:
0.99
QIS:
-0.52
EQLS:
-0.13
QIS:
-1.72
EQLS:
-0.27
QIS:
7.21%
EQLS:
7.53%
QIS:
31.14%
EQLS:
15.08%
QIS:
-24.02%
EQLS:
-16.24%
QIS:
-14.21%
EQLS:
-7.21%
Returns By Period
In the year-to-date period, QIS achieves a -9.30% return, which is significantly lower than EQLS's 6.76% return.
QIS
-9.30%
-0.67%
-10.28%
-12.21%
N/A
N/A
N/A
EQLS
6.76%
3.01%
6.65%
-0.84%
N/A
N/A
N/A
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QIS vs. EQLS - Expense Ratio Comparison
Both QIS and EQLS have an expense ratio of 1.00%.
Risk-Adjusted Performance
QIS vs. EQLS — Risk-Adjusted Performance Rank
QIS
EQLS
QIS vs. EQLS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and Simplify Market Neutral Equity Long/Short ETF (EQLS). 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.
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Dividends
QIS vs. EQLS - Dividend Comparison
QIS's dividend yield for the trailing twelve months is around 2.57%, more than EQLS's 1.34% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
QIS Simplify Multi-Qis Alternative ETF | 2.57% | 1.07% | 3.29% |
EQLS Simplify Market Neutral Equity Long/Short ETF | 1.34% | 0.95% | 8.50% |
Drawdowns
QIS vs. EQLS - Drawdown Comparison
The maximum QIS drawdown since its inception was -24.02%, which is greater than EQLS's maximum drawdown of -16.24%. Use the drawdown chart below to compare losses from any high point for QIS and EQLS.
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Volatility
QIS vs. EQLS - Volatility Comparison
Simplify Multi-Qis Alternative ETF (QIS) has a higher volatility of 9.67% compared to Simplify Market Neutral Equity Long/Short ETF (EQLS) at 3.20%. This indicates that QIS's price experiences larger fluctuations and is considered to be riskier than EQLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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