QIS vs. RSBT

Last updated Aug 2, 2026

QIS (Simplify Multi-Qis Alternative ETF) and RSBT (Return Stacked Bonds & Managed Futures ETF) are both exchange-traded funds - QIS is a Multistrategy fund actively managed by Simplify, while RSBT is a Nontraditional Bonds fund actively managed by Return Stacked. Both are actively managed. Over the past 3 years, QIS returned -24.55%/yr vs 2.49%/yr for RSBT. Their 0.05 correlation means their historical movements had little consistent relationship. QIS charges 1.00%/yr vs 0.97%/yr for RSBT.

Performance

QIS vs. RSBT - Performance Comparison

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

Returns By Period

In the year-to-date period, QIS achieves a -31.94% return, which is significantly lower than RSBT's 4.41% return.

QIS

• 1D: 2.58%
• 1M: 2.94%
• 6M: -34.00%
• YTD: -31.94%
• 1Y: -48.32%
• 3Y*: -24.55%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -24.05%

RSBT

• 1D: 0.00%
• 1M: -0.85%
• 6M: 0.54%
• YTD: 4.41%
• 1Y: 22.66%
• 3Y*: 2.49%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -0.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QIS Simplify Multi-Qis Alternative ETF	$8.01K	$6.87K	$26.74K
RSBT Return Stacked Bonds & Managed Futures ETF	$575.14K	$784.75K	$843.96K

QIS vs. RSBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QIS Simplify Multi-Qis Alternative ETF	-31.94%	-38.02%	0.19%	2.08%
RSBT Return Stacked Bonds & Managed Futures ETF	4.41%	10.31%	-2.90%	-2.89%

Correlation

The correlation between QIS and RSBT is 0.27, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.27
Correlation (3Y) Balances recent behavior with more history.	0.05
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023	0.05

Over the past year, QIS and RSBT have become more correlated (0.27) than their long-term average of 0.05, meaning their price movements have been converging.

Return for Risk

QIS vs. RSBT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QIS

QIS Risk / Return Rank: 0
QIS Sharpe Ratio Rank: 0
QIS Sortino Ratio Rank: 0
QIS Omega Ratio Rank: 1
QIS Calmar Ratio Rank: 1
QIS Martin Ratio Rank: 0

RSBT

RSBT Risk / Return Rank: 74
RSBT Sharpe Ratio Rank: 71
RSBT Sortino Ratio Rank: 63
RSBT Omega Ratio Rank: 73
RSBT Calmar Ratio Rank: 89
RSBT Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QIS vs. RSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and Return Stacked Bonds & Managed Futures ETF (RSBT). 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	RSBT	Difference
Sharpe ratio: Return per unit of total volatility	-1.26	1.60	-2.86
Sortino ratio: Return per unit of downside risk	-1.99	2.10	-4.09
Omega ratio: Gain probability vs. loss probability	0.77	1.30	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.93	3.73	-4.65
Martin ratio: Return relative to average drawdown	-1.62	8.86	-10.48

QIS vs. RSBT - Sharpe Ratio Comparison

The current QIS Sharpe Ratio is -1.26, which is lower than the RSBT Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of QIS and RSBT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QIS vs. RSBT - Drawdown Comparison

The maximum QIS drawdown since its inception was -62.82%, which is greater than RSBT's maximum drawdown of -23.60%. Use the drawdown chart below to compare losses from any high point for QIS and RSBT.

Drawdown Indicators

	QIS	RSBT	Difference
Max Drawdown Largest peak-to-trough decline	-62.82%	-23.60%	-39.22%
Max Drawdown (1Y) Largest decline over 1 year	-54.47%	-6.03%	-48.44%
Max Drawdown (3Y) Largest decline over 3 years	-62.82%	-18.98%	-43.84%
Current Drawdown Current decline from peak	-60.09%	-5.65%	-54.44%
Average Drawdown Average peak-to-trough decline	-16.05%	-12.22%	-3.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.13%	2.53%	+28.60%

Volatility

QIS vs. RSBT - Volatility Comparison

Simplify Multi-Qis Alternative ETF (QIS) has a higher volatility of 14.48% compared to Return Stacked Bonds & Managed Futures ETF (RSBT) at 3.32%. This indicates that QIS's price experiences larger fluctuations and is considered to be riskier than RSBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QIS	RSBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.48%	3.32%	+11.16%
Volatility (6M) Calculated over the trailing 6-month period	32.96%	10.24%	+22.72%
Volatility (1Y) Calculated over the trailing 1-year period	40.15%	14.01%	+26.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.10%	13.75%	+16.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.10%	13.75%	+16.35%

QIS vs. RSBT - Expense Ratio Comparison

QIS has a 1.00% expense ratio, which is higher than RSBT's 0.97% expense ratio.

Dividends

QIS vs. RSBT - Dividend Comparison

QIS's dividend yield for the trailing twelve months is around 2.00%, less than RSBT's 3.07% yield.

Position	TTM	2025	2024	2023
QIS Simplify Multi-Qis Alternative ETF	2.00%	3.37%	1.07%	3.29%
RSBT Return Stacked Bonds & Managed Futures ETF	3.07%	3.20%	0.00%	2.38%

Frequently Asked Questions

Can I hold both QIS and RSBT in my portfolio?

QIS and RSBT have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QIS or RSBT?

QIS has higher volatility (14.48%) compared to RSBT (3.32%). In terms of maximum drawdown, QIS dropped -62.82% vs RSBT's -23.60%.

Which ETF is better, QIS or RSBT?

On 3-year performance, RSBT leads with 2.49% vs -24.55% for QIS. On fees, RSBT is cheaper at 0.97% per year. On volatility, RSBT has been the lower-risk option at 3.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QIS or RSBT?

Over the 3-year period, RSBT has performed better with a 2.49% return vs -24.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QIS or RSBT?

RSBT is cheaper with a 0.97% expense ratio, compared with 1.00% for QIS.

Which ETF pays a higher dividend yield, QIS or RSBT?

RSBT has the higher dividend yield at 3.07%, compared with 2.00% for QIS.

What is the main difference between QIS and RSBT?

QIS is categorized as Multistrategy, while RSBT is Nontraditional Bonds. They also come from different issuers: Simplify and Return Stacked. Their fees differ too: 1.00% for QIS and 0.97% for RSBT.

Which has better risk-adjusted returns?

RSBT currently has the higher Sharpe Ratio (1.60 vs -1.26), 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.