QIS vs. SPY
Compare and contrast key facts about Simplify Multi-Qis Alternative ETF (QIS) and SPDR S&P 500 ETF (SPY).
QIS and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QIS is an actively managed fund by Simplify. It was launched on Jul 10, 2023. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QIS or SPY.
Key characteristics
| QIS | SPY | |
|---|---|---|
| YTD Return | -1.61% | 27.04% |
| 1Y Return | -1.70% | 39.75% |
| Sharpe Ratio | -0.11 | 3.15 |
| Sortino Ratio | -0.07 | 4.19 |
| Omega Ratio | 0.99 | 1.59 |
| Calmar Ratio | -0.16 | 4.60 |
| Martin Ratio | -0.45 | 20.85 |
| Ulcer Index | 2.63% | 1.85% |
| Daily Std Dev | 11.22% | 12.29% |
| Max Drawdown | -7.51% | -55.19% |
| Current Drawdown | -7.10% | 0.00% |
Correlation
The correlation between QIS and SPY is -0.17. 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.
Performance
QIS vs. SPY - Performance Comparison
In the year-to-date period, QIS achieves a -1.61% return, which is significantly lower than SPY's 27.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QIS vs. SPY - Expense Ratio Comparison
QIS has a 1.00% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
QIS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and SPDR S&P 500 ETF (SPY). 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.
Dividends
QIS vs. SPY - Dividend Comparison
QIS's dividend yield for the trailing twelve months is around 4.41%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QIS Simplify Multi-Qis Alternative ETF | 4.41% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
QIS vs. SPY - Drawdown Comparison
The maximum QIS drawdown since its inception was -7.51%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QIS and SPY. For additional features, visit the drawdowns tool.
Volatility
QIS vs. SPY - Volatility Comparison
The current volatility for Simplify Multi-Qis Alternative ETF (QIS) is 3.43%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. This indicates that QIS experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.