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ETFs

Simplify Multi-QIS Alternative ETF

QIS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 10 2023
Expense Ratio
1.00%
Type
Global Diversified
Fund Owner
Simplify ETF
Volume (1m avg. daily)
$592,777
AUM
$112,043,775
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

B 0 12/19/23
B 12/19/23 Govt
93.52%
B 0 12/28/23
B 12/21/23 Govt
5.73%
n/a
Cash
0.75%
n/a
Derivatives offset
-0.03%
Invest with QIS

What is QIS?

The Fund is an actively managed ETF that seeks to achieve its investment objective by investing in multiple quantitative investment strategies across equity, fixed income, commodity, currency, and volatility markets. The Fund invests primarily through total return swaps that provide the returns of third-party quantitative investment strategies that provide model portfolios accessed by the Fund. Quantitative investment strategies (or "QIS") are third-party investment strategies that analyse historical quantitative data and use models to identify investments that based on historical results can provide attractive risk adjusted returns. The adviser evaluates multiple strategies and selects the individual strategies based on multiple qualitative and quantitative considerations, including portfolio diversification, scalability, expected risk adjusted returns and correlation to one another. By using a multi-strategy approach, the Fund's adviser seeks to identify the optimal allocation among 10-20 strategies to achieve positive returns and mitigate asset-class and single-strategy risks. The adviser evaluates strategies on an ongoing basis and makes adjustments to the strategy allocations when the adviser believes an alternative strategy would provide better returns.

ETFs related toQIS

ETFs correlated to QIS include FAZ, JMHI, FLTR

QIS
Simplify Exchange Traded Funds - Simplify Multi-QIS Alternative ETF
FAZ
Direxion Shares ETF Trust - Direxion Daily Financial Bear 3x Shares
JMHI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan High Yield Municipal ETF
FLTR
VanEck ETF Trust - VanEck IG Floating Rate ETF
KOLD
ProShares Trust - ProShares UltraShort Bloomberg Natural Gas -2x Shares
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
DXD
ProShares Trust - ProShares UltraShort Dow 30-2X Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
BNKD
Bank of Montreal - MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs
TWM
ProShares Trust - ProShares UltraShort Russell2000 -2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

QIS is a Global Diversified ETF. The Fund is an actively managed ETF that seeks to achieve its investment objective by investing in multiple quantitative investment strategies across equity, fixed income, commodity, currency, and volatility markets. The Fund invests primarily through total return swaps that provide the returns of third-party quantitative investment strategies that provide model portfolios accessed by the Fund. Quantitative investment strategies (or "QIS") are third-party investment strategies that analyse historical quantitative data and use models to identify investments that based on historical results can provide attractive risk adjusted returns. The adviser evaluates multiple strategies and selects the individual strategies based on multiple qualitative and quantitative considerations, including portfolio diversification, scalability, expected risk adjusted returns and correlation to one another. By using a multi-strategy approach, the Fund's adviser seeks to identify the optimal allocation among 10-20 strategies to achieve positive returns and mitigate asset-class and single-strategy risks. The adviser evaluates strategies on an ongoing basis and makes adjustments to the strategy allocations when the adviser believes an alternative strategy would provide better returns.

Yes, QIS is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, QIS is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on QIS is 0.016%. This is the percent change in the value of QIS over the most recent 1-month period. The 3-month return on QIS is %. This is the percent change in the value of QIS over the most recent 3-month period.

ETFs similar to QIS include AOR, DRSK, and FPEI.

ETFs correlated to QIS include FAZ, JMHI, and FLTR.

ETFs that are inversely correlated to QIS include KIE, CSB, and XSLV.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.