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Launched

Simplify Multi-QIS Alternative ETF

QISNYSE ArcaD

$11.380.00 (0.00%)

As of Oct 13, 2026, 9:46 AM

D30/ 100

Rank 25 of 30 in Alternative Strategies

D30/100Rank 25 of 30inAlternative Strategies
Intraday session: flat, 1 prints from 11.38 to 11.38. Range 11.38 to 11.38. Use the arrow keys to read each point.10.5011.0012.0010 AM12 PM2 PM4 PM
Expense ratio
1.21%
Fund size
$51M
1Y total return
−36.1%
Yield · Last 12 months
5.27%
Holdings
21
Avg volume · 30D
0M sh
NAV per share
$11.15
52W range
low $9.14high $19.81
Launched

The ETF.net QIS Grade

Based on 4 of 6 pillars

D

Score 30 out of 100

Category
Alternative Strategies⁠
Rank
25 of 30
Six-pillar profile for QIS. Scores out of 100: Cost 41, Risk 2, Mission not scored, Tradability 27, Holdings not scored, Durability 58. Strongest: Durability (58). Weakest: Risk (2). Based on 4 of 6 pillars.

Score 30 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C41 out of 100
    Rank 18 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F2 out of 100
    Rank 30 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D27 out of 100
    Rank 24 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 12 of 30

Our read on QIS

ETF.net Research

DInvestment banks build quant 'risk premia' strategies for pensions and hedge funds. QIS packages a basket of those third-party strategies into an ETF, using total return swaps, aiming for returns that move independently of stocks and bonds.

Stated mandate

The fund seeks positive absolute returns and income by investing in a diversified portfolio of quantitative strategies intended to provide an uncorrelated positive source of returns.

Why people hold it

  1. 01Gets its exposure through total return swaps on third-party bank quant strategies spanning equities, interest rates, commodities and currencies.sec.govsimplify.us
  2. 02The mandate is absolute return and income from strategies meant to be uncorrelated with the rest of a portfolio, not to shadow an index.simplify.us
  3. 03Delivered in a plain 1940 Act ETF: daily liquidity, no lockups or capital calls, for a strategy set normally sold through institutional swap desks.sec.gov

Worth knowing

  1. 01At 1.21% a year it runs above the typical alternatives ETF, and cheaper peers exist: QALT at 0.80% and RNMN at 0.59%.
  2. 02Returns ride on swap counterparties and outside models, so the drivers are less visible than a stock fund's holdings list.sec.gov
  3. 03Launched in 2023, small and thinly traded next to the bigger alternatives funds, so the track record is short and execution costs can bite.

QIS Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
21
Top-10 weight
292%
Largest holding
Trs Cta 03152751.2%

Sectors

  • Technology40.1%
  • Financials11.3%
  • Communication9.9%
  • Health Care9.4%
  • Consumer Discretionary8.7%
  • Industrials7.6%
  • Consumer Staples4.4%
  • Energy3.4%
  • Utilities1.9%
  • Real Estate1.7%
  • Materials1.6%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Trs Cta 03152751.20%895,491$27M1
002—Trs Sbar 061527 Bullet46.42%950,000$24M1
003—Trs Cta 03152745.74%800,000$24M1
004—Trs Cta 03152745.74%800,000$24M1
005—B 3/11/27 Govt26.09%13,750,000$14M29
006—B 12/3/26 Govt23.71%12,350,000$12M37
007—B 11/12/26 Govt21.17%11,000,000$11M40
008—Trs Foxy 03152712.03%226,000$6M1
009—B 12/31/26 Govt10.62%5,550,000$6M34
010—Trs Foxy 0315279.46%177,600$5M1
011—Trs Foxy 1113269.45%177,557$5M1
012—Trs Xxv 1113268.98%198,306$5M1
013—B 1/28/27 Govt8.11%4,250,000$4M32
014—Trs Foxy 1113266.66%125,000$3M1
015—Trs Foxy 1113266.66%125,000$3M1

Showing 1–15 of 21 holdings

QIS Performance

Launched Jul 10, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
QIS$6,390
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. QIS $6,390. SPY $12,044. Use the arrow keys to read each point.$4,333$8,482$12,631Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for QIS. Periods over one year show the average yearly return.
PeriodQIS
Year to date−19.0%
1 month−3.7%
3 months+22.6%
1 year−36.1%
3 yearsper year−20.4%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QIS
YearReturn barQIS
2026 YTD−19.0%
2025−38.0%
2024+0.2%
2023+2.0%

History from Jul 11, 2023

QIS in the news

Filtered to QIS · Alternative Strategies

QIS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
5.27%Last 12 months
Payout per share
$0.60Last 12 months
Last payment
$0.50 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2023–2026

One bar per payment. 9 payments from 2023 to 2026 YTD. Dec 26, 2023 $0.81; Jun 25, 2024 $0.10; Sep 25, 2024 $0.15; Dec 23, 2024 $0.01; Mar 26, 2025 $0.30; Jun 25, 2025 $0.10; Sep 25, 2025 $0.10; Jun 25, 2026 $0.10; Sep 25, 2026 $0.50. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 25, 2026Sep 30, 2026$0.50
Jun 25, 2026Jun 30, 2026$0.10
Sep 25, 2025Sep 30, 2025$0.10
Jun 25, 2025Jun 30, 2025$0.10
Mar 26, 2025Mar 31, 2025$0.30
Dec 23, 2024Dec 31, 2024$0.01
Sep 25, 2024Sep 30, 2024$0.15
Jun 25, 2024Jun 28, 2024$0.10
Dec 26, 2023Dec 29, 2023$0.81

QIS Risk

How much the fund’s monthly returns vary, scaled to a year.
21.1%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−1.30
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−63.5%
39 months · trough Aug 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.56
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

QIS Cost

Expense ratio1.21%
  • The middle half of Alternative Strategies funds
  • Median 1.00%

17 of the 30 Alternative Strategies funds charge less.

QIS costs $121.00 a year on $10,000. The median Alternative Strategies fund costs $100.50.

Other funds in Alternative Strategies

See others