QIS vs QQQ
Simplify Multi-QIS Alternative ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QIS | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.21% | 0.18% | |
| AUM | $39M | $496.3B | |
| Dividend Yield | 2.05% | 0.44% | |
| Holdings | 37 | 108 | |
| YTD Return | -23.56% | +16.64% | |
| 1Y Return | -43.24% | +27.27% | |
| 3Y Return (annualized) | -22.30% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 21.2% | 30.6% | |
| Max Drawdown | -63.5% | -83.0% | |
| Fund Family | Simplify Exchange Traded Funds | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 10, 2023 | Mar 10, 1999 |
QIS vs QQQ Performance
Simplify Multi-QIS Alternative ETF (QIS) is a ETF from Simplify Exchange Traded Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year QIS returned -43.24% while QQQ returned +27.27%. Year to date, QIS is down 23.56% versus a gain of 16.64% for QQQ.
Over three years, QIS compounded at -22.30% per year against +25.96% for QQQ. Across the full 3-year window we track, QQQ has the edge at +13.03% annualized vs -21.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 21.2% for QIS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -63.5% for QIS and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QIS charges 1.21% per year while QQQ charges 0.18%. On a $10,000 position that is $121 vs $18 annually, a gap of $103 per year that compounds over a long holding period. On income, QIS currently yields 2.05% against 0.44% for QQQ.
Holdings Overlap
QIS and QQQ share 0 holdings out of 104 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QIS or QQQ?
QIS has an expense ratio of 1.21% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $103 per year of difference.
Which performed better, QIS or QQQ?
Over the past year QIS returned -43.24% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), QIS annualized -21.07% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, QIS or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 21.2% for QIS. Worst drawdown: QIS -63.5% vs QQQ -83.0%.
Should I hold both QIS and QQQ?
QIS and QQQ have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QIS and QQQ?
QIS and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, QIS or QQQ?
QIS yields 2.05% while QQQ yields 0.44%, so QIS currently pays the higher dividend yield.
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