QIS vs. GFSYX
QIS (Simplify Multi-Qis Alternative ETF) and GFSYX (GuideStone Funds Strategic Alternatives Fund) are both Multistrategy funds. Over the past year, QIS returned -49.65% vs 4.14% for GFSYX. At a 0.06 correlation, their price movements are largely independent. QIS charges 1.00%/yr vs 1.15%/yr for GFSYX.
Performance
QIS vs. GFSYX - Performance Comparison
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Returns By Period
In the year-to-date period, QIS achieves a -28.64% return, which is significantly lower than GFSYX's 0.67% return.
QIS
- 1D
- -0.88%
- 1M
- -19.76%
- YTD
- -28.64%
- 6M
- -29.46%
- 1Y
- -49.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GFSYX
- 1D
- -0.22%
- 1M
- 0.67%
- YTD
- 0.67%
- 6M
- 1.01%
- 1Y
- 4.14%
- 3Y*
- 6.16%
- 5Y*
- 4.79%
- 10Y*
- —
QIS vs. GFSYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QIS Simplify Multi-Qis Alternative ETF | -28.64% | -38.02% | 0.19% | 2.08% |
GFSYX GuideStone Funds Strategic Alternatives Fund | 0.67% | 5.49% | 7.60% | 4.49% |
Correlation
The correlation between QIS and GFSYX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.06 |
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Return for Risk
QIS vs. GFSYX — Risk / Return Rank
QIS
GFSYX
QIS vs. GFSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and GuideStone Funds Strategic Alternatives Fund (GFSYX). 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 | GFSYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -4.33 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.31 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 3.03 | -3.95 |
| Martin ratioReturn relative to average drawdown | -1.56 | 7.23 | -8.78 |
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Drawdowns
QIS vs. GFSYX - Drawdown Comparison
The maximum QIS drawdown since its inception was -58.39%, which is greater than GFSYX's maximum drawdown of -9.54%. Use the drawdown chart below to compare losses from any high point for QIS and GFSYX.
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Drawdown Indicators
| QIS | GFSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.39% | -9.54% | -48.85% |
Max Drawdown (1Y)Largest decline over 1 year | -54.12% | -1.34% | -52.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -4.49% | — |
Current DrawdownCurrent decline from peak | -58.16% | -0.22% | -57.94% |
Average DrawdownAverage peak-to-trough decline | -14.39% | -0.91% | -13.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.91% | 0.56% | +31.35% |
Volatility
QIS vs. GFSYX - Volatility Comparison
Simplify Multi-Qis Alternative ETF (QIS) has a higher volatility of 11.73% compared to GuideStone Funds Strategic Alternatives Fund (GFSYX) at 0.85%. This indicates that QIS's price experiences larger fluctuations and is considered to be riskier than GFSYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QIS | GFSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.73% | 0.85% | +10.88% |
Volatility (6M)Calculated over the trailing 6-month period | 30.32% | 1.92% | +28.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.95% | 2.55% | +36.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.36% | 3.67% | +25.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.36% | 3.71% | +25.65% |
QIS vs. GFSYX - Expense Ratio Comparison
QIS has a 1.00% expense ratio, which is lower than GFSYX's 1.15% expense ratio.
Dividends
QIS vs. GFSYX - Dividend Comparison
QIS's dividend yield for the trailing twelve months is around 1.89%, less than GFSYX's 7.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GFSYX GuideStone Funds Strategic Alternatives Fund | 7.13% | 7.18% | 8.54% | 13.00% | 4.20% | 1.59% | 1.53% | 2.24% | 2.17% | 0.70% |
QIS Simplify Multi-Qis Alternative ETF | 1.89% | 3.37% | 1.07% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QIS and GFSYX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QIS has higher volatility (11.73%) compared to GFSYX (0.85%). In terms of maximum drawdown, QIS dropped -58.39% vs GFSYX's -9.54%.
GFSYX currently has the higher Sharpe Ratio (1.59 vs -1.28), 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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