- ISIN
- US82889N6739
- Issuer
- Simplify
- Inception Date
- Sep 29, 2022
- Region
- Global (Broad)
- Category
- Cryptocurrency, Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Cryptocurrency
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $25M
Share Price Chart
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Performance
MAXI Performance Chart
Simplify Bitcoin Strategy PLUS Income ETF (MAXI) is down 35.2% since the beginning of the year. MAXI is currently trading at $9 per share.
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Returns By Period
Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has returned -35.22% so far this year and -57.20% over the past 12 months.
Simplify Bitcoin Strategy PLUS Income ETF
- 1D
- 1.01%
- 1M
- -16.49%
- YTD
- -35.22%
- 6M
- -37.12%
- 1Y
- -57.20%
- 3Y*
- 5.26%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MAXI Monthly Returns History
Based on dividend-adjusted daily data since Sep 30, 2022, MAXI's average daily return is +0.15%, while the average monthly return is +2.72%. At this rate, an investment would double in approximately 2.2 years.
Historically, 50% of months were positive and 50% were negative. The best month was Feb 2024 with a return of +46.7%, while the worst month was Feb 2026 at -27.9%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MAXI closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +24.9%, while the worst single day was Apr 3, 2025 at -16.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.93% | -27.90% | -1.03% | 17.32% | -4.68% | -13.70% | -35.22% | ||||||
| 2025 | 9.66% | -21.55% | -11.72% | 29.20% | 18.60% | 1.79% | 6.90% | -11.52% | 8.23% | -7.74% | -27.28% | -12.24% | -28.59% |
| 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 | 0.00% | 3.26% | -14.66% | -1.66% | -13.34% |
Benchmark Metrics
Simplify Bitcoin Strategy PLUS Income ETF has an annualized alpha of -1.59%, beta of 1.88, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since September 30, 2022.
- This ETF participated in 160.56% of S&P 500 Index downside but only 130.12% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.22 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -1.59%
- Beta
- 1.88
- R²
- 0.22
- Upside Capture
- 130.12%
- Downside Capture
- 160.56%
Expense Ratio
MAXI has a high expense ratio of 1.31%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MAXI ranks 2 for risk / return — in the bottom 2% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MAXI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.91 | ||
| Sortino ratioReturn per unit of downside risk | -4.08 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.37 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 2.78 | -3.62 |
| Martin ratioReturn relative to average drawdown | -1.27 | 12.44 | -13.71 |
Dividends
Dividend History
Simplify Bitcoin Strategy PLUS Income ETF provided a 68.13% dividend yield over the last twelve months, with an annual payout of $6.16 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $6.16 | $7.01 | $8.57 | $5.68 | $0.46 |
Dividend yield | 68.13% | 49.00% | 32.06% | 29.63% | 4.43% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.10 | $0.00 | $0.00 | $0.10 | $0.10 | $0.00 | $0.30 | ||||||
| 2025 | $0.15 | $0.10 | $0.10 | $0.30 | $0.50 | $0.35 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $0.51 | $7.01 |
| 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 | $0.44 | $0.46 |
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 68.91%, occurring on Jun 5, 2026. The portfolio has not yet recovered.
The current Simplify Bitcoin Strategy PLUS Income ETF drawdown is 67.16%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -68.91%Jun 2026 | 9mo 25d | — | 10mo 13dAug 2025 - now |
2025 selloff2025 | -52.48%Apr 2025 | 3mo 21d | 1mo 5d | 4mo 26dDec 2024 - May 2025 |
2024 bear market2024 | -34.54%Sep 2024 | 5mo 26d | 2mo 6d | 8mo 2dMar 2024 - Nov 2024 |
Bear market2022 | -25.99%Nov 2022 | 2d | 2mo 9d | 2mo 11dNov 2022 - Jan 2023 |
2023 bear market2023 | -22.90%Sep 2023 | 1mo 29d | 1mo 13d | 3mo 12dJul 2023 - Oct 2023 |
Drawdown Indicators
| MAXI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.91% | -56.78% | -12.13% |
Max Drawdown (1Y)Largest decline over 1 year | -68.91% | -9.10% | -59.81% |
Max Drawdown (3Y)Largest decline over 3 years | -68.91% | -18.90% | -50.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -67.16% | -1.80% | -65.36% |
Average DrawdownAverage peak-to-trough decline | -19.35% | -10.71% | -8.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.14% | 2.03% | +43.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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