SPQ vs. QIS
Compare and contrast key facts about Simplify US Equity Plus QIS ETF (SPQ) and Simplify Multi-Qis Alternative ETF (QIS).
SPQ and QIS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPQ is an actively managed fund by Simplify. It was launched on Nov 13, 2023. 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: SPQ or QIS.
Key characteristics
| SPQ | QIS | |
|---|---|---|
| YTD Return | 16.13% | 0.50% |
| Daily Std Dev | 12.89% | 7.92% |
| Max Drawdown | -10.44% | -4.21% |
| Current Drawdown | -2.30% | -3.09% |
Correlation
The correlation between SPQ and QIS is -0.01. 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
SPQ vs. QIS - Performance Comparison
In the year-to-date period, SPQ achieves a 16.13% return, which is significantly higher than QIS's 0.50% 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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SPQ vs. QIS - Expense Ratio Comparison
Both SPQ and QIS have an expense ratio of 1.00%.
Risk-Adjusted Performance
SPQ vs. QIS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity Plus QIS ETF (SPQ) and Simplify Multi-Qis Alternative ETF (QIS). 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.
Not enough dataDividends
SPQ vs. QIS - Dividend Comparison
SPQ's dividend yield for the trailing twelve months is around 2.11%, less than QIS's 3.69% yield.
| TTM | 2023 | |
|---|---|---|
SPQ Simplify US Equity Plus QIS ETF | 2.11% | 1.68% |
QIS Simplify Multi-Qis Alternative ETF | 3.69% | 3.29% |
Drawdowns
SPQ vs. QIS - Drawdown Comparison
The maximum SPQ drawdown since its inception was -10.44%, which is greater than QIS's maximum drawdown of -4.21%. Use the drawdown chart below to compare losses from any high point for SPQ and QIS. For additional features, visit the drawdowns tool.
Volatility
SPQ vs. QIS - Volatility Comparison
Simplify US Equity Plus QIS ETF (SPQ) has a higher volatility of 3.80% compared to Simplify Multi-Qis Alternative ETF (QIS) at 1.59%. This indicates that SPQ's price experiences larger fluctuations and is considered to be riskier than QIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.