QIS ETF — Simplify Multi-Qis Alternative ETF

Simplify Multi-Qis Alternative ETF (QIS)

Updated October 16, 2026.

QIS is an ETF. its distribution rate is 3.48%, its trailing-12-month yield is 5.22%, its expense ratio is 1.21%. Dividend Vision Distribution Safety Score™ is 30/100 (Elevated risk). Total return is -48.2% over the past 3.3 years, 127.7 points behind SPY at 79.5%.

Simplify Multi-Qis Alternative ETF is an actively managed fund that gains exposure to diversified quantitative investment strategies across equities, interest rates, commodities, and currencies through total return swaps tied to third-party model portfolios. The fund distributes quarterly, with its most recent payout being a special or one-time distribution; such payouts may not recur regularly. The fund carries an expense ratio of 1.21% and currently generates a modest distribution rate, making it potentially suitable for investors seeking alternative strategy exposure with regular income, though the special nature of recent distributions warrants attention to the fund's ordinary payout sustainability.

QIS performance versus SPY

Price and return data through 2026-10-16.

Total return is -48.2% over the past 3.3 years, 127.7 points behind SPY at 79.5%. Over the past year its total return — price change plus distributions reinvested — is -35.7%. Its deepest 1-year drawdown was 52.8%.

QIS key facts

Distribution Safety Score™

30 · Elevated risk

Safety-Adjusted Yield

1.04%

Issuer

Simplify ETFs

Asset type

ETF

Asset class

Equity

Inception date

07/10/2023

Expense ratio

1.21%

Distribution rate

3.48%

Distribution frequency

Quarterly

Trailing yield

5.22%

Last close

$11.50 (as of 2026-10-16)

AUM

$50,719,324

Average volume

875.0

Dividend

$0.50

Ex-dividend date

09/25/2026

Payment date

09/30/2026

Beta

0.67

How Dividend Vision calculates yield and returns

Distribution rate (3.48%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (5.22%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Simplify ETFs; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

QIS risks and drawbacks

QIS's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 52.8%.

Who may consider QIS — and who may not

QIS may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (QIS pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on QIS

• All tickers starting with Q

Frequently asked questions

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