QIS vs FFGX
Comparison between SIMPLIFY MULTI-QIS ALTERNATIVE ETF (QIS, ETF) and FIDELITY FUNDAMENTAL GLOBAL EX-U.S. ETF (FFGX, ETF).
QIS vs FFGX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
QIS
$45M
FFGX
$45M
Expense Ratio
QIS
1.21%
Winner
FFGX
0.55%
Max Drawdown
QIS
57.63%
Winner
FFGX
14.99%
Sharpe Ratio
QIS
-1.65
Winner
FFGX
0.99
5Y Beta
Winner
QIS
0.30
FFGX
0.88
QIS vs FFGX - Holdings Comparison
QIS and FFGX have 1 common holdings. Overlap is -7.87%
QIS's top 25 holdings weight is 71.40%. FFGX's top 25 holdings weight is 44.87%.
| Rank | QIS | FFGX |
|---|---|---|
| #1 | SIMPLIFY CHINA A SHARES PLUS INCOME ETF (CAS) - 20.86% | n/a (n/a) - 7.87% |
| #2 | CASH (n/a) - 5.85% | SAMSUNG ELECTRONICS CO LTD (n/a) - 4.76% |
| #3 | SIMPLIFY US EQ PLUS MGD FUTS STGY ETF (CTAP) - 5.48% | SK HYNIX INC (n/a) - 3.24% |
| #4 | SIMPLIFY ANCORATO TARGET 25 DIST ETF (XXV) - 4.95% | ASML HOLDING NV ADR (ASML) - 2.82% |
| #5 | TRS UBSMQLTP SOFR &30 111326 (n/a) - 4.41% | TENCENT HOLDINGS LTD (n/a) - 1.95% |
| #6 | n/a (DELL) - 2.66% | SCHNEIDER ELECTRIC SE (n/a) - 1.63% |
| #7 | CISCO SYSTEMS INC (CSCO) - 1.71% | SAFRAN SA (n/a) - 1.56% |
| #8 | BROADCOM INC (AVGO) - 1.64% | CAIXABANK SA (n/a) - 1.56% |
| #9 | MONOLITHIC POWER SYSTEMS INC (MPWR) - 1.60% | BANCO SANTANDER SA (n/a) - 1.44% |
| #10 | CADENCE DESIGN SYSTEMS INC (CDNS) - 1.58% | HITACHI LTD (n/a) - 1.43% |
| #11 | LAM RESEARCH CORP (LRCX) - 1.51% | ROLLS-ROYCE HOLDINGS PLC (n/a) - 1.42% |
| #12 | UNITEDHEALTH GROUP INC (UNH) - 1.50% | INVESTOR AB CLASS B (n/a) - 1.27% |
| #13 | INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 1.48% | FRANCO-NEVADA CORP (FNV) - 1.24% |
| #14 | UNITED RENTALS INC (URI) - 1.44% | UNICREDIT SPA (n/a) - 1.21% |
| #15 | APPLIED MATERIALS INC (AMAT) - 1.42% | AIR LIQUIDE SA (n/a) - 1.19% |
| #16 | KLA CORP (KLAC) - 1.41% | CANADIAN NATURAL RESOURCES LTD (CNQ) - 1.15% |
| #17 | SOUTHERN COPPER CORP (SCCO) - 1.38% | MEDIATEK INC (n/a) - 1.11% |
| #18 | FREEPORT-MCMORAN INC (FCX) - 1.37% | BAE SYSTEMS PLC (n/a) - 1.10% |
| #19 | APPLE INC (AAPL) - 1.35% | SUMITOMO MITSUI FINANCIAL GROUP INC (n/a) - 1.08% |
| #20 | SYNOPSYS INC (SNPS) - 1.32% | IMPERIAL OIL LTD (IMO) - 1.04% |
| #21 | CORPAY INC (CPAY) - 1.32% | DEUTSCHE BOERSE AG (n/a) - 1.02% |
| #22 | MONSTER BEVERAGE CORP (MNST) - 1.31% | COMPASS GROUP PLC (n/a) - 0.96% |
| #23 | W.W. GRAINGER INC (GWW) - 1.29% | UBS GROUP AG REGISTERED SHARES (n/a) - 0.95% |
| #24 | MICROSOFT CORP (MSFT) - 1.28% | ZURICH INSURANCE GROUP AG (n/a) - 0.94% |
| #25 | AGILENT TECHNOLOGIES INC (A) - 1.28% | DSV AS (n/a) - 0.93% |
| Total Holdings | 226 | 179 |
QIS vs FFGX - Historical Returns
Returns include dividend reinvestment.
1M
QIS
-21.07%
Winner
FFGX
+2.15%
3M
QIS
-18.65%
Winner
FFGX
+11.77%
6M
QIS
-27.26%
Winner
FFGX
+15.12%
1Y
QIS
-49.42%
Winner
FFGX
+22.42%
Max(CAGR)
QIS
-22.82%
Winner
FFGX
+24.61%
QIS vs FFGX - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | QIS | FFGX |
|---|---|---|
| 2026 | -25.07% | +11.82% |
| 2025 | -37.75% | +28.00% |
| 2024 | +0.11% | -2.87% |
| 2023 | +1.95% | N/A |
QIS vs FFGX 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 FFGX was -14.79%, occurring on Apr 8, 2025. Recovery took 31 trading sessions.
The current QIS drawdown is -56.54%. The current FFGX drawdown is -1.52%.
| Rank | QIS | FFGX |
|---|---|---|
| #1 | -56.54% Oct 1, 2024 - Jun 12, 2026 | -14.79% Mar 19, 2025 - May 2, 2025 |
| #2 | -4.21% May 28, 2024 - Oct 1, 2024 | -12.86% Feb 25, 2026 - Apr 17, 2026 |
| #3 | -2.56% Oct 5, 2023 - Feb 28, 2024 | -6.58% Dec 5, 2024 - Feb 6, 2025 |
| #4 | -1.33% Apr 3, 2024 - Apr 25, 2024 | -6.30% Oct 28, 2025 - Jan 2, 2026 |
| #5 | -1.17% Aug 28, 2023 - Sep 6, 2023 | -5.82% Jun 2, 2026 - Jun 10, 2026 |
| #6 | -1.03% Apr 25, 2024 - May 28, 2024 | -4.47% May 6, 2026 - May 26, 2026 |
| #7 | -1.01% Feb 28, 2024 - Mar 11, 2024 | -4.14% Jul 23, 2025 - Aug 22, 2025 |
| #8 | -0.81% Mar 11, 2024 - Mar 15, 2024 | -3.74% Mar 5, 2025 - Mar 17, 2025 |
| #9 | -0.50% Aug 22, 2023 - Aug 25, 2023 | -3.68% Oct 6, 2025 - Oct 24, 2025 |
| #10 | -0.44% Mar 15, 2024 - Mar 26, 2024 | -3.59% Apr 17, 2026 - May 6, 2026 |
| #11 | -0.40% Oct 3, 2023 - Oct 5, 2023 | -3.40% Jan 27, 2026 - Feb 9, 2026 |
| #12 | -0.39% Sep 12, 2023 - Sep 22, 2023 | -2.91% Feb 18, 2025 - Mar 5, 2025 |
| #13 | -0.38% Sep 29, 2023 - Oct 3, 2023 | -2.73% Aug 22, 2025 - Sep 11, 2025 |
| #14 | -0.36% Aug 8, 2023 - Aug 15, 2023 | -2.52% Jun 12, 2025 - Jun 26, 2025 |
| #15 | -0.33% Sep 26, 2023 - Sep 29, 2023 | -1.60% Jan 12, 2026 - Jan 23, 2026 |
Correlation
Correlation between QIS and FFGX is -0.94 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.
-0.94
-101
Dividend Comparison (2023 - 2026)
QIS vs FFGX dividend yield comparison.
| Year | QIS | FFGX |
|---|---|---|
| 2026 | 0.00% | 0.17% |
| 2025 | 3.37% | 1.62% |
| 2024 | 1.07% | 0.40% |
| 2023 | 3.28% | 0.00% |
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