QIS vs. QDSIX
QIS (Simplify Multi-Qis Alternative ETF) and QDSIX (AQR Diversifying Strategies Fund) are both Multistrategy funds. Over the past year, QIS returned -50.57% vs 13.96% for QDSIX. At a 0.06 correlation, their price movements are largely independent. QIS charges 1.00%/yr vs 0.20%/yr for QDSIX.
Performance
QIS vs. QDSIX - 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 QDSIX's 5.50% return.
QIS
- 1D
- -2.72%
- 1M
- -21.94%
- YTD
- -30.59%
- 6M
- -33.19%
- 1Y
- -50.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QDSIX
- 1D
- 0.41%
- 1M
- 0.41%
- YTD
- 5.50%
- 6M
- 5.72%
- 1Y
- 13.96%
- 3Y*
- 12.64%
- 5Y*
- 11.53%
- 10Y*
- —
QIS vs. QDSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QIS Simplify Multi-Qis Alternative ETF | -30.59% | -38.02% | 0.19% | 2.08% |
QDSIX AQR Diversifying Strategies Fund | 5.50% | 16.36% | 9.71% | 5.93% |
Correlation
The correlation between QIS and QDSIX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.06 |
The correlation between QIS and QDSIX shifts across timeframes, from 0.06 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QIS vs. QDSIX — Risk / Return Rank
QIS
QDSIX
QIS vs. QDSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and AQR Diversifying Strategies Fund (QDSIX). 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 | QDSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.05 | ||
| Sortino ratioReturn per unit of downside risk | -6.14 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.52 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 7.21 | -8.13 |
| Martin ratioReturn relative to average drawdown | -1.58 | 19.76 | -21.34 |
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Drawdowns
QIS vs. QDSIX - Drawdown Comparison
The maximum QIS drawdown since its inception was -59.30%, which is greater than QDSIX's maximum drawdown of -7.06%. Use the drawdown chart below to compare losses from any high point for QIS and QDSIX.
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Drawdown Indicators
| QIS | QDSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.30% | -7.06% | -52.24% |
Max Drawdown (1Y)Largest decline over 1 year | -55.12% | -1.96% | -53.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.06% | — |
Current DrawdownCurrent decline from peak | -59.30% | -0.94% | -58.36% |
Average DrawdownAverage peak-to-trough decline | -14.45% | -1.44% | -13.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.10% | 0.71% | +31.39% |
Volatility
QIS vs. QDSIX - Volatility Comparison
Simplify Multi-Qis Alternative ETF (QIS) has a higher volatility of 11.78% compared to AQR Diversifying Strategies Fund (QDSIX) at 1.80%. This indicates that QIS's price experiences larger fluctuations and is considered to be riskier than QDSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QIS | QDSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.78% | 1.80% | +9.98% |
Volatility (6M)Calculated over the trailing 6-month period | 30.41% | 3.66% | +26.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.95% | 5.14% | +33.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.38% | 7.62% | +21.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.38% | 7.31% | +22.07% |
QIS vs. QDSIX - Expense Ratio Comparison
QIS has a 1.00% expense ratio, which is higher than QDSIX's 0.20% expense ratio.
Dividends
QIS vs. QDSIX - Dividend Comparison
QIS's dividend yield for the trailing twelve months is around 1.94%, less than QDSIX's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
QDSIX AQR Diversifying Strategies Fund | 2.12% | 2.23% | 0.00% | 11.35% | 8.22% | 6.07% | 1.93% |
QIS Simplify Multi-Qis Alternative ETF | 1.94% | 3.37% | 1.07% | 3.29% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QIS and QDSIX have a correlation of 0.23, 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 QDSIX (1.80%). In terms of maximum drawdown, QIS dropped -59.30% vs QDSIX's -7.06%.
QDSIX currently has the higher Sharpe Ratio (2.75 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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