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

Performance

QIS vs. MTBA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Multi-Qis Alternative ETF (QIS) and Simplify MBS ETF (MTBA). The values are adjusted to include any dividend payments, if applicable.

-4.00%-2.00%0.00%2.00%4.00%JuneJulyAugustSeptemberOctoberNovember
-2.50%
2.09%
QIS
MTBA

Returns By Period

In the year-to-date period, QIS achieves a 0.47% return, which is significantly lower than MTBA's 1.73% return.


QIS

YTD

0.47%

1M

1.19%

6M

-2.85%

1Y

0.27%

5Y (annualized)

N/A

10Y (annualized)

N/A

MTBA

YTD

1.73%

1M

-0.48%

6M

2.09%

1Y

4.38%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


QISMTBA
Sharpe Ratio-0.040.95
Sortino Ratio0.031.37
Omega Ratio1.001.17
Calmar Ratio-0.061.50
Martin Ratio-0.153.66
Ulcer Index2.81%1.17%
Daily Std Dev11.23%4.49%
Max Drawdown-7.51%-2.84%
Current Drawdown-5.14%-2.67%

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QIS vs. MTBA - Expense Ratio Comparison

QIS has a 1.00% expense ratio, which is higher than MTBA's 0.15% 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 MTBA: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Correlation

-0.50.00.51.0-0.0

The correlation between QIS and MTBA is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Risk-Adjusted Performance

QIS vs. MTBA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and Simplify MBS ETF (MTBA). 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.


Sharpe ratio
The chart of Sharpe ratio for QIS, currently valued at 0.02, compared to the broader market0.002.004.000.020.95
The chart of Sortino ratio for QIS, currently valued at 0.11, compared to the broader market-2.000.002.004.006.008.0010.000.111.37
The chart of Omega ratio for QIS, currently valued at 1.02, compared to the broader market0.501.001.502.002.503.001.021.17
The chart of Calmar ratio for QIS, currently valued at 0.04, compared to the broader market0.005.0010.0015.000.041.50
The chart of Martin ratio for QIS, currently valued at 0.09, compared to the broader market0.0020.0040.0060.0080.00100.00120.000.093.66
QIS
MTBA

The current QIS Sharpe Ratio is -0.04, which is lower than the MTBA Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of QIS and MTBA, 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 Ratio0.000.501.00Sat 09Nov 10Mon 11Tue 12Wed 13Thu 14Fri 15Sat 16Nov 17Mon 18Tue 19Wed 20Thu 21
0.02
0.95
QIS
MTBA

Dividends

QIS vs. MTBA - Dividend Comparison

QIS's dividend yield for the trailing twelve months is around 4.32%, less than MTBA's 5.49% yield.


TTM2023
QIS
Simplify Multi-Qis Alternative ETF
4.32%3.29%
MTBA
Simplify MBS ETF
5.49%0.48%

Drawdowns

QIS vs. MTBA - Drawdown Comparison

The maximum QIS drawdown since its inception was -7.51%, which is greater than MTBA's maximum drawdown of -2.84%. Use the drawdown chart below to compare losses from any high point for QIS and MTBA. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-5.14%
-2.67%
QIS
MTBA

Volatility

QIS vs. MTBA - Volatility Comparison

Simplify Multi-Qis Alternative ETF (QIS) has a higher volatility of 2.64% compared to Simplify MBS ETF (MTBA) at 1.15%. This indicates that QIS's price experiences larger fluctuations and is considered to be riskier than MTBA 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
2.64%
1.15%
QIS
MTBA