Simplify Bitcoin Strategy PLUS Income ETF (MAXI)
MAXI is an actively managed ETF by Simplify. MAXI launched on Sep 29, 2022 and has a 11.18% expense ratio.
ETF Info
US82889N6739
Sep 29, 2022
1x
No Index (Active)
Expense Ratio
MAXI has a high expense ratio of 11.18%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Simplify Bitcoin Strategy PLUS Income ETF (MAXI) returned 26.87% year-to-date (YTD) and 57.73% over the past 12 months.
MAXI
26.87%
33.03%
14.36%
57.73%
N/A
N/A
N/A
^GSPC (Benchmark)
-1.34%
7.94%
-2.79%
10.16%
13.76%
14.45%
10.68%
Monthly Returns
The table below presents the monthly returns of MAXI, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 9.66% | -21.55% | -11.72% | 29.20% | 29.28% | 26.87% | |||||||
| 2024 | -0.79% | 46.66% | 12.83% | -18.03% | 15.95% | -12.72% | 8.58% | -14.09% | 6.57% | 10.01% | 41.78% | -8.64% | 92.92% |
| 2023 | 39.66% | -0.06% | 21.04% | 3.21% | -7.96% | 15.08% | -6.33% | -10.72% | 3.82% | 27.13% | 7.44% | 11.47% | 144.12% |
| 2022 | 3.26% | -14.66% | -2.03% | -13.67% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 77, MAXI is among the top 23% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Simplify Bitcoin Strategy PLUS Income ETF provided a 26.07% dividend yield over the last twelve months, with an annual payout of $8.62 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Dividend | $8.62 | $8.57 | $5.68 | $0.42 |
Dividend yield | 26.07% | 32.06% | 29.63% | 4.05% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify Bitcoin Strategy PLUS Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.15 | $0.10 | $0.10 | $0.30 | $0.00 | $0.65 | |||||||
| 2024 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $1.00 | $1.00 | $1.00 | $1.00 | $2.00 | $1.67 | $8.57 |
| 2023 | $0.00 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $4.18 | $5.68 |
| 2022 | $0.01 | $0.01 | $0.40 | $0.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Simplify Bitcoin Strategy PLUS Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Simplify Bitcoin Strategy PLUS Income ETF was 52.48%, occurring on Apr 8, 2025. Recovery took 24 trading sessions.
The current Simplify Bitcoin Strategy PLUS Income ETF drawdown is 4.50%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -52.48% | Dec 18, 2024 | 75 | Apr 8, 2025 | 24 | May 13, 2025 | 99 |
| -34.54% | Mar 14, 2024 | 122 | Sep 6, 2024 | 46 | Nov 11, 2024 | 168 |
| -25.99% | Nov 7, 2022 | 3 | Nov 9, 2022 | 44 | Jan 17, 2023 | 47 |
| -22.9% | Jul 14, 2023 | 41 | Sep 11, 2023 | 31 | Oct 24, 2023 | 72 |
| -20.36% | Feb 21, 2023 | 14 | Mar 10, 2023 | 2 | Mar 14, 2023 | 16 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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