QIS vs FAAA
Comparison between SIMPLIFY MULTI-QIS ALTERNATIVE ETF (QIS, ETF) and FIDELITY AAA CLO ETF (FAAA, ETF).
QIS vs FAAA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
QIS
$45M
Winner
FAAA
$45M
Expense Ratio
QIS
1.21%
FAAA
N/A
Max Drawdown
QIS
57.63%
Winner
FAAA
0.76%
Sharpe Ratio
QIS
-1.65
Winner
FAAA
1.18
5Y Beta
QIS
0.30
Winner
FAAA
0.00
QIS vs FAAA - Historical Returns
Returns include dividend reinvestment.
1M
QIS
-21.07%
Winner
FAAA
+0.41%
3M
QIS
-18.65%
Winner
FAAA
+1.64%
6M
QIS
-27.26%
FAAA
N/A
1Y
QIS
-49.42%
FAAA
N/A
Max(CAGR)
QIS
-22.82%
Winner
FAAA
+4.91%
QIS vs FAAA - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | QIS | FAAA |
|---|---|---|
| 2026 | -25.07% | +1.59% |
| 2025 | -37.75% | N/A |
| 2024 | +0.11% | N/A |
| 2023 | +1.95% | N/A |
QIS vs FAAA Drawdown Comparison
The maximum drawdown for QIS was -56.54%, occurring on Jun 12, 2026. This drawdown has not yet recovered.
The maximum drawdown for FAAA was -0.55%, occurring on Mar 5, 2026. Recovery took 23 trading sessions.
The current QIS drawdown is -56.54%. The current FAAA drawdown is -0.05%.
| Rank | QIS | FAAA |
|---|---|---|
| #1 | -56.54% Oct 1, 2024 - Jun 12, 2026 | -0.55% Feb 26, 2026 - Mar 31, 2026 |
| #2 | -4.21% May 28, 2024 - Oct 1, 2024 | -0.09% Apr 2, 2026 - Apr 9, 2026 |
| #3 | -2.56% Oct 5, 2023 - Feb 28, 2024 | -0.07% May 1, 2026 - May 7, 2026 |
| #4 | -1.33% Apr 3, 2024 - Apr 25, 2024 | -0.05% Jun 11, 2026 - Jun 12, 2026 |
| #5 | -1.17% Aug 28, 2023 - Sep 6, 2023 | -0.03% Feb 13, 2026 - Feb 19, 2026 |
| #6 | -1.03% Apr 25, 2024 - May 28, 2024 | -0.02% May 15, 2026 - May 19, 2026 |
| #7 | -1.01% Feb 28, 2024 - Mar 11, 2024 | -0.01% Jun 8, 2026 - Jun 11, 2026 |
| #8 | -0.81% Mar 11, 2024 - Mar 15, 2024 | -0.01% May 22, 2026 - May 27, 2026 |
| #9 | -0.50% Aug 22, 2023 - Aug 25, 2023 | N/A |
| #10 | -0.44% Mar 15, 2024 - Mar 26, 2024 | N/A |
| #11 | -0.40% Oct 3, 2023 - Oct 5, 2023 | N/A |
| #12 | -0.39% Sep 12, 2023 - Sep 22, 2023 | N/A |
| #13 | -0.38% Sep 29, 2023 - Oct 3, 2023 | N/A |
| #14 | -0.36% Aug 8, 2023 - Aug 15, 2023 | N/A |
| #15 | -0.33% Sep 26, 2023 - Sep 29, 2023 | N/A |
Correlation
Correlation between QIS and FAAA is -0.66 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
-0.66
-101
Dividend Comparison (2023 - 2026)
QIS vs FAAA dividend yield comparison.
| Year | QIS | FAAA |
|---|---|---|
| 2026 | 0.00% | 1.32% |
| 2025 | 3.37% | 0.00% |
| 2024 | 1.07% | 0.00% |
| 2023 | 3.28% | 0.00% |
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