QIS vs. IALT
QIS (Simplify Multi-Qis Alternative ETF) and IALT (iShares Systematic Alternatives Active ETF) are both Multistrategy funds. Both are actively managed. At a 0.00 correlation, their price movements are largely independent. QIS charges 1.00%/yr vs 0.99%/yr for IALT.
Performance
QIS vs. IALT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QIS achieves a -30.59% return, which is significantly lower than IALT's 12.03% return.
QIS
- 1D
- -2.72%
- 1M
- -21.94%
- YTD
- -30.59%
- 6M
- -33.19%
- 1Y
- -50.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IALT
- 1D
- -0.32%
- 1M
- 0.62%
- YTD
- 12.03%
- 6M
- 12.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QIS vs. IALT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QIS Simplify Multi-Qis Alternative ETF | -30.59% | -0.64% |
IALT iShares Systematic Alternatives Active ETF | 12.03% | 0.83% |
Correlation
The correlation between QIS and IALT is 0.00, 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 (All Time) Calculated using the full available price history since Dec 10, 2025 | 0.00 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QIS vs. IALT — Risk / Return Rank
QIS
IALT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QIS vs. IALT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and iShares Systematic Alternatives Active ETF (IALT). 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 | IALT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.76 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | — | — |
| Martin ratioReturn relative to average drawdown | -1.58 | — | — |
Loading charts...
Drawdowns
QIS vs. IALT - Drawdown Comparison
The maximum QIS drawdown since its inception was -59.30%, which is greater than IALT's maximum drawdown of -2.27%. Use the drawdown chart below to compare losses from any high point for QIS and IALT.
Loading charts...
Drawdown Indicators
| QIS | IALT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.30% | -2.27% | -57.03% |
Max Drawdown (1Y)Largest decline over 1 year | -55.12% | — | — |
Current DrawdownCurrent decline from peak | -59.30% | -1.05% | -58.25% |
Average DrawdownAverage peak-to-trough decline | -14.45% | -0.39% | -14.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.10% | — | — |
Volatility
QIS vs. IALT - Volatility Comparison
Loading charts...
Volatility by Period
| QIS | IALT | 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% | 7.80% | +31.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.38% | 7.80% | +21.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.38% | 7.80% | +21.58% |
QIS vs. IALT - Expense Ratio Comparison
QIS has a 1.00% expense ratio, which is higher than IALT's 0.99% expense ratio.
Dividends
QIS vs. IALT - Dividend Comparison
QIS's dividend yield for the trailing twelve months is around 1.94%, more than IALT's 0.40% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IALT iShares Systematic Alternatives Active ETF | 0.40% | 0.14% | 0.00% | 0.00% |
QIS Simplify Multi-Qis Alternative ETF | 1.94% | 3.37% | 1.07% | 3.29% |
Frequently Asked Questions
QIS and IALT have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IALT is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IALT is cheaper with a 0.99% expense ratio, compared with 1.00% for QIS.
QIS has the higher dividend yield at 1.94%, compared with 0.40% for IALT.
They also come from different issuers: Simplify and iShares. Their fees differ too: 1.00% for QIS and 0.99% for IALT.
Find the right allocation for QIS and IALT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer