QIS vs. HOLD

Last updated Jun 24, 2026

QIS (Simplify Multi-Qis Alternative ETF) and HOLD (Harbor Alpha Layering ETF) are both Multistrategy funds. Both are actively managed. At a 0.16 correlation, their price movements are largely independent. QIS charges 1.00%/yr vs 0.70%/yr for HOLD.

Performance

QIS vs. HOLD - Performance Comparison

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

Returns By Period

In the year-to-date period, QIS achieves a -30.59% return, which is significantly lower than HOLD's 6.36% return.

QIS

• 1D: -2.72%
• 1M: -21.94%
• YTD: -30.59%
• 6M: -33.19%
• 1Y: -50.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOLD

• 1D: -2.13%
• 1M: -5.65%
• YTD: 6.36%
• 6M: 4.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QIS vs. HOLD - Yearly Performance Comparison

	2026 (YTD)	2025
QIS Simplify Multi-Qis Alternative ETF	-30.59%	-27.26%
HOLD Harbor Alpha Layering ETF	6.36%	8.77%

Correlation

The correlation between QIS and HOLD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 14, 2025	0.16

Return for Risk

QIS vs. HOLD — Risk / Return Rank

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

QIS

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

HOLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. HOLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and Harbor Alpha Layering ETF (HOLD). 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	HOLD	Difference
Sharpe ratio: Return per unit of total volatility	-1.30	—	—
Sortino ratio: Return per unit of downside risk	-2.07	—	—
Omega ratio: Gain probability vs. loss probability	0.76	—	—
Calmar ratio: Return relative to maximum drawdown	-0.92	—	—
Martin ratio: Return relative to average drawdown	-1.58	—	—

Drawdowns

QIS vs. HOLD - Drawdown Comparison

The maximum QIS drawdown since its inception was -59.30%, which is greater than HOLD's maximum drawdown of -9.47%. Use the drawdown chart below to compare losses from any high point for QIS and HOLD.

Drawdown Indicators

	QIS	HOLD	Difference
Max Drawdown Largest peak-to-trough decline	-59.30%	-9.47%	-49.83%
Max Drawdown (1Y) Largest decline over 1 year	-55.12%	—	—
Current Drawdown Current decline from peak	-59.30%	-6.74%	-52.56%
Average Drawdown Average peak-to-trough decline	-14.45%	-2.07%	-12.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.10%	—	—

Volatility

Volatility by Period

	QIS	HOLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.95%	15.54%	+23.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.38%	15.54%	+13.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.38%	15.54%	+13.84%

QIS vs. HOLD - Expense Ratio Comparison

QIS has a 1.00% expense ratio, which is higher than HOLD's 0.70% expense ratio.

Dividends

QIS vs. HOLD - Dividend Comparison

QIS's dividend yield for the trailing twelve months is around 1.94%, less than HOLD's 6.88% yield.

Position	TTM	2025	2024	2023
HOLD Harbor Alpha Layering ETF	6.88%	7.32%	0.00%	0.00%
QIS Simplify Multi-Qis Alternative ETF	1.94%	3.37%	1.07%	3.29%

Frequently Asked Questions

Can I hold both QIS and HOLD in my portfolio?

QIS and HOLD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QIS or HOLD?

On fees, HOLD is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QIS or HOLD?

HOLD is cheaper with a 0.70% expense ratio, compared with 1.00% for QIS.

Which ETF pays a higher dividend yield, QIS or HOLD?

HOLD has the higher dividend yield at 6.88%, compared with 1.94% for QIS.

What is the main difference between QIS and HOLD?

They also come from different issuers: Simplify and Harbor. Their fees differ too: 1.00% for QIS and 0.70% for HOLD.