QIS vs. HOLD
QIS (Simplify Multi-Qis Alternative ETF) and HOLD (Harbor Alpha Layering ETF) are both Multistrategy funds. Both are actively managed. Their 0.21 correlation means their historical movements had little consistent relationship. QIS charges 1.00%/yr vs 0.70%/yr for HOLD.
Performance
QIS vs. HOLD - Performance Comparison
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Returns By Period
In the year-to-date period, QIS achieves a -31.94% return, which is significantly lower than HOLD's 5.63% return.
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%
HOLD
- 1D
- 1.33%
- 1M
- 1.14%
- 6M
- 4.28%
- YTD
- 5.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.65K | $9.92K | $14.71K | |
| $8.01K | $6.87K | $26.74K |
QIS vs. HOLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QIS Simplify Multi-Qis Alternative ETF | -31.94% | -27.26% |
HOLD Harbor Alpha Layering ETF | 5.63% | 8.77% |
Correlation
The correlation between QIS and HOLD is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 14, 2025 | 0.21 |
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Return for Risk
QIS vs. HOLD — Risk / Return Rank
QIS
HOLD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 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. HOLD - Drawdown Comparison
The maximum QIS drawdown since its inception was -62.82%, 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.
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Drawdown Indicators
| QIS | HOLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.82% | -9.47% | -53.35% |
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% | -7.38% | -52.71% |
Average DrawdownAverage peak-to-trough decline | -16.05% | -2.69% | -13.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.13% | — | — |
Volatility
QIS vs. HOLD - Volatility Comparison
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Volatility by Period
| QIS | HOLD | 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% | 15.31% | +24.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.10% | 15.31% | +14.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.10% | 15.31% | +14.79% |
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 2.00%, less than HOLD's 6.93% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HOLD Harbor Alpha Layering ETF | 6.93% | 7.32% | 0.00% | 0.00% |
QIS Simplify Multi-Qis Alternative ETF | 2.00% | 3.37% | 1.07% | 3.29% |
Frequently Asked Questions
QIS and HOLD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
HOLD is cheaper with a 0.70% expense ratio, compared with 1.00% for QIS.
HOLD has the higher dividend yield at 6.93%, compared with 2.00% for QIS.
They also come from different issuers: Simplify and Harbor. Their fees differ too: 1.00% for QIS and 0.70% for HOLD.
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