QIS vs. IBMR
QIS (Simplify Multi-Qis Alternative ETF) and IBMR (iShares iBonds Dec 2029 Term Muni Bond ETF) are both exchange-traded funds - QIS is a Multistrategy fund actively managed by Simplify, while IBMR is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted 2029 Index. QIS is actively managed, while IBMR is passively managed. Over the past year, QIS returned -49.59% vs 3.49% for IBMR. At a 0.01 correlation, their price movements are largely independent. QIS charges 1.00%/yr vs 0.18%/yr for IBMR.
Performance
QIS vs. IBMR - Performance Comparison
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Returns By Period
In the year-to-date period, QIS achieves a -32.86% return, which is significantly lower than IBMR's 0.83% return.
QIS
- 1D
- -3.28%
- 1M
- -24.50%
- YTD
- -32.86%
- 6M
- -35.14%
- 1Y
- -49.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBMR
- 1D
- 0.04%
- 1M
- 0.70%
- YTD
- 0.83%
- 6M
- 0.65%
- 1Y
- 3.49%
- 3Y*
- 3.26%
- 5Y*
- —
- 10Y*
- —
QIS vs. IBMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QIS Simplify Multi-Qis Alternative ETF | -32.86% | -38.02% | 0.19% | 2.08% |
IBMR iShares iBonds Dec 2029 Term Muni Bond ETF | 0.83% | 4.45% | 0.06% | 4.75% |
Correlation
The correlation between QIS and IBMR is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.01 |
The correlation between QIS and IBMR shifts across timeframes, from -0.18 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QIS vs. IBMR — Risk / Return Rank
QIS
IBMR
QIS vs. IBMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR). 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 | IBMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.29 | ||
| Sortino ratioReturn per unit of downside risk | -4.96 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.43 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.25 | -3.13 |
| Martin ratioReturn relative to average drawdown | -1.54 | 5.79 | -7.32 |
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Drawdowns
QIS vs. IBMR - Drawdown Comparison
The maximum QIS drawdown since its inception was -60.64%, which is greater than IBMR's maximum drawdown of -4.83%. Use the drawdown chart below to compare losses from any high point for QIS and IBMR.
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Drawdown Indicators
| QIS | IBMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.64% | -4.83% | -55.81% |
Max Drawdown (1Y)Largest decline over 1 year | -56.60% | -1.55% | -55.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.72% | — |
Current DrawdownCurrent decline from peak | -60.64% | -0.57% | -60.07% |
Average DrawdownAverage peak-to-trough decline | -14.51% | -1.01% | -13.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.29% | 0.60% | +31.69% |
Volatility
QIS vs. IBMR - Volatility Comparison
Simplify Multi-Qis Alternative ETF (QIS) has a higher volatility of 11.95% compared to iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) at 0.37%. This indicates that QIS's price experiences larger fluctuations and is considered to be riskier than IBMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QIS | IBMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.95% | 0.37% | +11.58% |
Volatility (6M)Calculated over the trailing 6-month period | 30.55% | 1.15% | +29.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.06% | 1.75% | +37.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.42% | 3.04% | +26.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.42% | 3.04% | +26.38% |
QIS vs. IBMR - Expense Ratio Comparison
QIS has a 1.00% expense ratio, which is higher than IBMR's 0.18% expense ratio.
Dividends
QIS vs. IBMR - Dividend Comparison
QIS's dividend yield for the trailing twelve months is around 2.01%, less than IBMR's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBMR iShares iBonds Dec 2029 Term Muni Bond ETF | 2.54% | 2.55% | 2.53% | 1.27% |
QIS Simplify Multi-Qis Alternative ETF | 2.01% | 3.37% | 1.07% | 3.29% |
Frequently Asked Questions
QIS and IBMR have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QIS has higher volatility (11.95%) compared to IBMR (0.37%). In terms of maximum drawdown, QIS dropped -60.64% vs IBMR's -4.83%.
On 1-year performance, IBMR leads with 3.49% vs -49.59% for QIS. On fees, IBMR is cheaper at 0.18% per year. On volatility, IBMR has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBMR has performed better with a 3.49% return vs -49.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBMR is cheaper with a 0.18% expense ratio, compared with 1.00% for QIS.
IBMR has the higher dividend yield at 2.54%, compared with 2.01% for QIS.
QIS is categorized as Multistrategy, while IBMR is Municipal Bonds. They also come from different issuers: Simplify and iShares. Their fees differ too: 1.00% for QIS and 0.18% for IBMR.
IBMR currently has the higher Sharpe Ratio (2.00 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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