SPQ vs. AFOS

Last updated Jun 4, 2026

SPQ (Simplify US Equity Plus QIS ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. SPQ charges 1.00%/yr vs 0.45%/yr for AFOS.

Performance

SPQ vs. AFOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify US Equity Plus QIS ETF (SPQ) and ARS Focused Opportunities Strategy ETF (AFOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPQ

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFOS

• 1D: -0.29%
• 1M: 8.94%
• YTD: 32.04%
• 6M: 37.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPQ vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
SPQ Simplify US Equity Plus QIS ETF	0.00%	0.00%
AFOS ARS Focused Opportunities Strategy ETF	32.04%	36.15%

Return for Risk

SPQ vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity Plus QIS ETF (SPQ) and ARS Focused Opportunities Strategy ETF (AFOS). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPQ	AFOS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	4.35	—

Drawdowns

Drawdown Indicators

	SPQ	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	—	-11.52%	—
Current Drawdown Current decline from peak	—	-0.29%	—
Average Drawdown Average peak-to-trough decline	—	-1.37%	—

Volatility

Volatility by Period

	SPQ	AFOS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	20.19%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.19%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.19%	—

SPQ vs. AFOS - Expense Ratio Comparison

SPQ has a 1.00% expense ratio, which is higher than AFOS's 0.45% expense ratio.

Dividends

SPQ vs. AFOS - Dividend Comparison

SPQ has not paid dividends to shareholders, while AFOS's dividend yield for the trailing twelve months is around 0.22%.

Position	TTM	2025	2024	2023
AFOS ARS Focused Opportunities Strategy ETF	0.22%	0.30%	0.00%	0.00%
SPQ Simplify US Equity Plus QIS ETF	0.00%	0.31%	17.17%	1.68%

Frequently Asked Questions

Which ETF is better, SPQ or AFOS?

On fees, AFOS is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPQ or AFOS?

AFOS is cheaper with a 0.45% expense ratio, compared with 1.00% for SPQ.

Which ETF pays a higher dividend yield, SPQ or AFOS?

AFOS has the higher dividend yield at 0.22%, compared with 0.00% for SPQ.

What is the main difference between SPQ and AFOS?

They also come from different issuers: Simplify and ARS Investment Partners. Their fees differ too: 1.00% for SPQ and 0.45% for AFOS.