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
| ISIN | US82889N6739 |
|---|---|
| Issuer | Simplify |
| Inception Date | Sep 29, 2022 |
| Category | Blockchain |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Cryptocurrency |
Expense Ratio
MAXI has a high expense ratio of 11.18%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Simplify Bitcoin Strategy PLUS Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Simplify Bitcoin Strategy PLUS Income ETF had a return of 28.80% year-to-date (YTD) and 96.70% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 28.80% | 18.13% |
| 1 month | -0.56% | 1.45% |
| 6 months | -13.43% | 8.81% |
| 1 year | 96.70% | 26.52% |
| 5 years (annualized) | N/A | 13.43% |
| 10 years (annualized) | N/A | 10.88% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.79% | 46.66% | 12.83% | -18.03% | 15.95% | -12.72% | 8.58% | -14.09% | 28.80% | ||||
| 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 | 3.27% | -14.66% | -2.03% | -13.67% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MAXI is 69, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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.
Dividends
Dividend History
Simplify Bitcoin Strategy PLUS Income ETF granted a 34.28% dividend yield in the last twelve months. The annual payout for that period amounted to $7.53 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $7.53 | $5.68 | $0.42 |
Dividend yield | 34.28% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $1.00 | $1.00 | $0.00 | $2.90 | |||
| 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.
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 34.54%, occurring on Sep 6, 2024. The portfolio has not yet recovered.
The current Simplify Bitcoin Strategy PLUS Income ETF drawdown is 24.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.54% | Mar 14, 2024 | 122 | Sep 6, 2024 | — | — | — |
| -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 |
| -17.04% | Jan 10, 2024 | 9 | Jan 23, 2024 | 14 | Feb 12, 2024 | 23 |
Volatility
Volatility Chart
The current Simplify Bitcoin Strategy PLUS Income ETF volatility is 16.67%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.