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QIS vs. JAAA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


QISJAAA
YTD Return-1.61%6.46%
1Y Return-1.70%8.02%
Sharpe Ratio-0.1110.61
Sortino Ratio-0.0722.76
Omega Ratio0.996.98
Calmar Ratio-0.1624.78
Martin Ratio-0.45250.79
Ulcer Index2.63%0.03%
Daily Std Dev11.22%0.76%
Max Drawdown-7.51%-2.60%
Current Drawdown-7.10%0.00%

Correlation

-0.50.00.51.00.1

The correlation between QIS and JAAA is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

QIS vs. JAAA - Performance Comparison

In the year-to-date period, QIS achieves a -1.61% return, which is significantly lower than JAAA's 6.46% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-4.00%-2.00%0.00%2.00%4.00%JuneJulyAugustSeptemberOctoberNovember
-4.46%
3.41%
QIS
JAAA

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QIS vs. JAAA - Expense Ratio Comparison

QIS has a 1.00% expense ratio, which is higher than JAAA's 0.21% expense ratio.


QIS
Simplify Multi-Qis Alternative ETF
Expense ratio chart for QIS: current value at 1.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.00%
Expense ratio chart for JAAA: current value at 0.21% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.21%

Risk-Adjusted Performance

QIS vs. JAAA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and Janus Henderson AAA CLO ETF (JAAA). 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.


QIS
Sharpe ratio
The chart of Sharpe ratio for QIS, currently valued at -0.11, compared to the broader market-2.000.002.004.006.00-0.11
Sortino ratio
The chart of Sortino ratio for QIS, currently valued at -0.07, compared to the broader market-2.000.002.004.006.008.0010.0012.00-0.07
Omega ratio
The chart of Omega ratio for QIS, currently valued at 0.99, compared to the broader market1.001.502.002.503.000.99
Calmar ratio
The chart of Calmar ratio for QIS, currently valued at -0.16, compared to the broader market0.005.0010.0015.00-0.16
Martin ratio
The chart of Martin ratio for QIS, currently valued at -0.45, compared to the broader market0.0020.0040.0060.0080.00100.00-0.45
JAAA
Sharpe ratio
The chart of Sharpe ratio for JAAA, currently valued at 10.61, compared to the broader market-2.000.002.004.006.0010.61
Sortino ratio
The chart of Sortino ratio for JAAA, currently valued at 22.76, compared to the broader market-2.000.002.004.006.008.0010.0012.0022.76
Omega ratio
The chart of Omega ratio for JAAA, currently valued at 6.98, compared to the broader market1.001.502.002.503.006.98
Calmar ratio
The chart of Calmar ratio for JAAA, currently valued at 24.78, compared to the broader market0.005.0010.0015.0024.78
Martin ratio
The chart of Martin ratio for JAAA, currently valued at 250.79, compared to the broader market0.0020.0040.0060.0080.00100.00250.79

QIS vs. JAAA - Sharpe Ratio Comparison

The current QIS Sharpe Ratio is -0.11, which is lower than the JAAA Sharpe Ratio of 10.61. The chart below compares the historical Sharpe Ratios of QIS and JAAA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.002.004.006.008.0010.0012.00Jul 14Jul 21Jul 28Aug 04Aug 11Aug 18Aug 25SeptemberSep 08Sep 15Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03
-0.11
10.61
QIS
JAAA

Dividends

QIS vs. JAAA - Dividend Comparison

QIS's dividend yield for the trailing twelve months is around 4.41%, less than JAAA's 6.40% yield.


TTM2023202220212020
QIS
Simplify Multi-Qis Alternative ETF
4.41%3.29%0.00%0.00%0.00%
JAAA
Janus Henderson AAA CLO ETF
6.40%6.10%2.77%1.21%0.26%

Drawdowns

QIS vs. JAAA - Drawdown Comparison

The maximum QIS drawdown since its inception was -7.51%, which is greater than JAAA's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for QIS and JAAA. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-7.10%
0
QIS
JAAA

Volatility

QIS vs. JAAA - Volatility Comparison

Simplify Multi-Qis Alternative ETF (QIS) has a higher volatility of 3.43% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.17%. This indicates that QIS's price experiences larger fluctuations and is considered to be riskier than JAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
3.43%
0.17%
QIS
JAAA