AJAN vs QIS
Comparison between Innovator Equity Defined Protection ETF - 2 Yr to January 2026 (AJAN, ETF) and SIMPLIFY MULTI-QIS ALTERNATIVE ETF (QIS, ETF).
AJAN vs QIS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
AJAN
$45M
QIS
$45M
Expense Ratio
Winner
AJAN
0.79%
QIS
1.21%
Max Drawdown
Winner
AJAN
4.11%
QIS
57.63%
Sharpe Ratio
Winner
AJAN
0.66
QIS
-1.65
5Y Beta
Winner
AJAN
0.19
QIS
0.30
AJAN vs QIS - Historical Returns
Returns include dividend reinvestment.
1M
Winner
AJAN
+0.07%
QIS
-21.07%
3M
Winner
AJAN
+2.07%
QIS
-18.65%
6M
Winner
AJAN
+1.91%
QIS
-27.26%
1Y
Winner
AJAN
+5.34%
QIS
-49.42%
Max(CAGR)
Winner
AJAN
+6.38%
QIS
-22.82%
AJAN vs QIS - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | AJAN | QIS |
|---|---|---|
| 2026 | +1.56% | -25.07% |
| 2025 | +6.12% | -37.75% |
| 2024 | +7.78% | +0.11% |
| 2023 | N/A | +1.95% |
AJAN vs QIS Drawdown Comparison
The maximum drawdown for AJAN was -4.11%, occurring on Apr 8, 2025. Recovery took 56 trading sessions.
The maximum drawdown for QIS was -56.54%, occurring on Jun 12, 2026. This drawdown has not yet recovered.
The current AJAN drawdown is -0.42%. The current QIS drawdown is -56.54%.
| Rank | AJAN | QIS |
|---|---|---|
| #1 | -4.11% Feb 20, 2025 - May 12, 2025 | -56.54% Oct 1, 2024 - Jun 12, 2026 |
| #2 | -2.24% Feb 25, 2026 - Apr 15, 2026 | -4.21% May 28, 2024 - Oct 1, 2024 |
| #3 | -1.57% Mar 28, 2024 - May 14, 2024 | -2.56% Oct 5, 2023 - Feb 28, 2024 |
| #4 | -0.95% Sep 20, 2024 - Sep 24, 2024 | -1.33% Apr 3, 2024 - Apr 25, 2024 |
| #5 | -0.90% Jul 15, 2024 - Aug 14, 2024 | -1.17% Aug 28, 2023 - Sep 6, 2023 |
| #6 | -0.87% Jan 6, 2025 - Jan 15, 2025 | -1.03% Apr 25, 2024 - May 28, 2024 |
| #7 | -0.84% May 28, 2026 - Jun 10, 2026 | -1.01% Feb 28, 2024 - Mar 11, 2024 |
| #8 | -0.67% Sep 27, 2024 - Nov 6, 2024 | -0.81% Mar 11, 2024 - Mar 15, 2024 |
| #9 | -0.65% Feb 12, 2024 - Feb 23, 2024 | -0.50% Aug 22, 2023 - Aug 25, 2023 |
| #10 | -0.57% Dec 4, 2024 - Jan 6, 2025 | -0.44% Mar 15, 2024 - Mar 26, 2024 |
| #11 | -0.54% Aug 30, 2024 - Sep 11, 2024 | -0.40% Oct 3, 2023 - Oct 5, 2023 |
| #12 | -0.53% May 16, 2025 - May 30, 2025 | -0.39% Sep 12, 2023 - Sep 22, 2023 |
| #13 | -0.48% Mar 1, 2024 - Mar 7, 2024 | -0.38% Sep 29, 2023 - Oct 3, 2023 |
| #14 | -0.46% Jan 12, 2024 - Jan 19, 2024 | -0.36% Aug 8, 2023 - Aug 15, 2023 |
| #15 | -0.43% Jan 24, 2025 - Feb 6, 2025 | -0.33% Sep 26, 2023 - Sep 29, 2023 |
Correlation
Correlation between AJAN and QIS is -0.87 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.87
-101
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