# QIS (Simplify Multi-QIS Alternative ETF)

Simplify · Alternatives ETFs · data as of Sep 18, 2026

In the S&P 500’s down weeks over the year to Sep 18, 2026, QIS fell 60% as much as the index.

## Key facts

- QIS, correlation with the S&P 500: −0.15, as of Sep 18, 2026.
- QIS, beta to the S&P 500: −0.49, as of Sep 18, 2026.
- QIS, down-week capture: 59.6%, as of Sep 18, 2026.
- QIS, against T-bills, 52 weeks: −41.5 pts, as of Sep 18, 2026.
- QIS, net assets: $46m (issuer page, as of Sep 18, 2026).
- QIS, expense ratio: 1.21% (485BPOS XBRL, Oct 28, 2025).

## QIS over each window to Sep 18, 2026

| Window | The fund | S&P 500 | Difference, percentage points |
| --- | --- | --- | --- |
| 3 months | +13.8% | +2.3% | +11.6 pts |
| 6 months | −10.4% | +18.0% | −28.4 pts |
| 1 year | −37.0% | +16.6% | −53.5 pts |
| 3 years | −49.4% | +78.4% | −127.8 pts |
| Since it listed | −48.1% | +79.1% | −127.3 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Issuer | Simplify | ETFIQ |
| Strategy | Multi-strategy | ETFIQ, from its prospectus |
| Expense ratio | 1.21% | 485BPOS XBRL, Oct 28, 2025 |
| Net assets | $46m | issuer page, as of Sep 18, 2026 |
| Weeks measured | 52, from Sep 19, 2025 to Sep 18, 2026 | ETFIQ |
| Weeks the S&P 500 fell | 22 | ETFIQ |
| The S&P 500 in those weeks, on average | −1.24% | ETFIQ |
| QIS in those weeks, on average | −0.74% | ETFIQ |
| QIS total return over those weeks | −37.8% | ETFIQ |
| T-bills | +3.6% | ETFIQ |
| Listed since | Jul 11, 2023 | ETFIQ |
| Days traded | 90 | ETFIQ |
| Quoted | on an exchange, every trading day | ETFIQ |

## Questions

### Does QIS move with the S&P 500?

Over the year to Sep 18, 2026, QIS’s weekly returns had a correlation of −0.15 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was −0.49, so for each 1% the index moved it moved about 0.49% the other way.

### What did QIS do when stocks fell?

The S&P 500 fell in 22 of the 52 weeks to Sep 18, 2026, by 1.24% on average. In those weeks QIS fell 0.74% on average, a down-week capture of 59.6%.

### Did QIS earn more than cash?

Over the same 52 weeks QIS returned −37.8% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.6%. QIS finished 41.5 percentage points behind it.

### What does QIS cost?

The prospectus expense ratio is 1.21% a year.

### Why is QIS listed as multi-strategy?

ETFIQ files each fund by what its own prospectus says it does, and QIS’s, filed Oct 28, 2025, describes a multi-strategy fund.


## Cite this page

ETFIQ, QIS, data as of Sep 18, 2026. https://etfiq.com/funds/qis
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/qis  ·  JSON: https://etfiq.com/funds/qis.json