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QIS vs. ^SP500TR
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between QIS and ^SP500TR is -0.08. 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.

QIS vs. ^SP500TR

Last updated May 31, 2025

Compare and contrast key facts about Simplify Multi-Qis Alternative ETF (QIS) and S&P 500 Total Return (^SP500TR).

QIS is an actively managed fund by Simplify. It was launched on Jul 10, 2023.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QIS or ^SP500TR.

Performance

QIS vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Multi-Qis Alternative ETF (QIS) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

QIS:

-0.39

^SP500TR:

0.74

Sortino Ratio

QIS:

-0.34

^SP500TR:

1.05

Omega Ratio

QIS:

0.93

^SP500TR:

1.15

Calmar Ratio

QIS:

-0.52

^SP500TR:

0.69

Martin Ratio

QIS:

-1.72

^SP500TR:

2.63

Ulcer Index

QIS:

7.21%

^SP500TR:

4.92%

Daily Std Dev

QIS:

31.14%

^SP500TR:

19.77%

Max Drawdown

QIS:

-24.02%

^SP500TR:

-55.25%

Current Drawdown

QIS:

-14.21%

^SP500TR:

-3.41%

Returns By Period

In the year-to-date period, QIS achieves a -9.30% return, which is significantly lower than ^SP500TR's 1.06% return.

QIS

YTD

-9.30%

1M

-0.67%

6M

-10.28%

1Y

-12.21%

3Y*

N/A

5Y*

N/A

10Y*

N/A

^SP500TR

YTD

1.06%

1M

6.29%

6M

-1.35%

1Y

14.44%

3Y*

14.41%

5Y*

15.94%

10Y*

12.85%

*Annualized

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Simplify Multi-Qis Alternative ETF

S&P 500 Total Return

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

QIS vs. ^SP500TR — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QIS
The Risk-Adjusted Performance Rank of QIS is 44
Overall Rank
The Sharpe Ratio Rank of QIS is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of QIS is 66
Sortino Ratio Rank
The Omega Ratio Rank of QIS is 44
Omega Ratio Rank
The Calmar Ratio Rank of QIS is 11
Calmar Ratio Rank
The Martin Ratio Rank of QIS is 00
Martin Ratio Rank
^SP500TR
The Risk-Adjusted Performance Rank of ^SP500TR is 7474
Overall Rank
The Sharpe Ratio Rank of ^SP500TR is 7272
Sharpe Ratio Rank
The Sortino Ratio Rank of ^SP500TR is 6969
Sortino Ratio Rank
The Omega Ratio Rank of ^SP500TR is 7575
Omega Ratio Rank
The Calmar Ratio Rank of ^SP500TR is 7575
Calmar Ratio Rank
The Martin Ratio Rank of ^SP500TR is 8080
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

QIS vs. ^SP500TR - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Multi-Qis Alternative ETF (QIS) and S&P 500 Total Return (^SP500TR). 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.

The current QIS Sharpe Ratio is -0.39, which is lower than the ^SP500TR Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of QIS and ^SP500TR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Drawdowns

QIS vs. ^SP500TR - Drawdown Comparison

The maximum QIS drawdown since its inception was -24.02%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for QIS and ^SP500TR.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

QIS vs. ^SP500TR - Volatility Comparison

Simplify Multi-Qis Alternative ETF (QIS) has a higher volatility of 9.67% compared to S&P 500 Total Return (^SP500TR) at 4.77%. This indicates that QIS's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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