QIS vs. MAFIX
QIS (Simplify Multi-Qis Alternative ETF) and MAFIX (Abbey Capital Multi Asset Fund Class I) are both Multistrategy funds. Over the past year, QIS returned -50.57% vs 31.60% for MAFIX. At a 0.06 correlation, their price movements are largely independent. QIS charges 1.00%/yr vs 1.79%/yr for MAFIX.
Performance
QIS vs. MAFIX - Performance Comparison
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Returns By Period
In the year-to-date period, QIS achieves a -30.59% return, which is significantly lower than MAFIX's 11.41% return.
QIS
- 1D
- -2.72%
- 1M
- -21.94%
- YTD
- -30.59%
- 6M
- -33.19%
- 1Y
- -50.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAFIX
- 1D
- 0.64%
- 1M
- -0.87%
- YTD
- 11.41%
- 6M
- 10.62%
- 1Y
- 31.60%
- 3Y*
- 9.99%
- 5Y*
- 8.08%
- 10Y*
- —
QIS vs. MAFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QIS Simplify Multi-Qis Alternative ETF | -30.59% | -38.02% | 0.19% | 2.08% |
MAFIX Abbey Capital Multi Asset Fund Class I | 11.41% | 8.41% | 8.99% | 0.22% |
Correlation
The correlation between QIS and MAFIX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.06 |
The correlation between QIS and MAFIX shifts across timeframes, from 0.06 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QIS vs. MAFIX — Risk / Return Rank
QIS
MAFIX
QIS vs. MAFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and Abbey Capital Multi Asset Fund Class I (MAFIX). 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 | MAFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.84 | ||
| Sortino ratioReturn per unit of downside risk | -5.43 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.44 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 4.44 | -5.36 |
| Martin ratioReturn relative to average drawdown | -1.58 | 15.03 | -16.61 |
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Drawdowns
QIS vs. MAFIX - Drawdown Comparison
The maximum QIS drawdown since its inception was -59.30%, which is greater than MAFIX's maximum drawdown of -19.21%. Use the drawdown chart below to compare losses from any high point for QIS and MAFIX.
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Drawdown Indicators
| QIS | MAFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.30% | -19.21% | -40.09% |
Max Drawdown (1Y)Largest decline over 1 year | -55.12% | -7.26% | -47.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.21% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.21% | — |
Current DrawdownCurrent decline from peak | -59.30% | -1.87% | -57.43% |
Average DrawdownAverage peak-to-trough decline | -14.45% | -3.41% | -11.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.10% | 2.14% | +29.96% |
Volatility
QIS vs. MAFIX - Volatility Comparison
Simplify Multi-Qis Alternative ETF (QIS) has a higher volatility of 11.78% compared to Abbey Capital Multi Asset Fund Class I (MAFIX) at 3.88%. This indicates that QIS's price experiences larger fluctuations and is considered to be riskier than MAFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QIS | MAFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.78% | 3.88% | +7.90% |
Volatility (6M)Calculated over the trailing 6-month period | 30.41% | 9.36% | +21.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.95% | 12.74% | +26.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.38% | 12.34% | +17.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.38% | 12.86% | +16.52% |
QIS vs. MAFIX - Expense Ratio Comparison
QIS has a 1.00% expense ratio, which is lower than MAFIX's 1.79% expense ratio.
Dividends
QIS vs. MAFIX - Dividend Comparison
QIS's dividend yield for the trailing twelve months is around 1.94%, less than MAFIX's 10.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MAFIX Abbey Capital Multi Asset Fund Class I | 10.57% | 11.78% | 4.57% | 3.80% | 4.12% | 10.65% | 10.29% | 12.30% | 9.36% |
QIS Simplify Multi-Qis Alternative ETF | 1.94% | 3.37% | 1.07% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QIS and MAFIX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QIS has higher volatility (11.78%) compared to MAFIX (3.88%). In terms of maximum drawdown, QIS dropped -59.30% vs MAFIX's -19.21%.
MAFIX currently has the higher Sharpe Ratio (2.54 vs -1.30), 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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