Simplify Bitcoin Strategy PLUS Income ETF (MAXI) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MAXI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MAXI
MAXI charges 1.31% annually. There are 100 ETFs in the Cryptocurrency category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust | 0.14% | 281.21M | Apr 2026 | MAXI vs MSBT | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.48B | Jul 2024 | MAXI vs ETH | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.37B | Jul 2024 | MAXI vs BTC | |
| Franklin Bitcoin ETF | 0.19% | 358.90M | Jan 2024 | MAXI vs EZBC | |
| Franklin Ethereum ETF | 0.19% | 34.62M | Jul 2024 | MAXI vs EZET |
Best Risk-Adjusted Alternatives to MAXI
MAXI has a PortfoliosLab risk / return rank of 2. There are 53 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 91 | — | Oct 2017 | MAXI vs ZCSH | |
| Valkyrie Bitcoin Miners ETF | 79 | 395.17M | Feb 2022 | MAXI vs WGMI | |
| ProShares Shrt Bitcoin ETF | 41 | 127.37M | Jun 2022 | MAXI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | 36 | 188.94M | Apr 2024 | MAXI vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 31 | — | Jul 2024 | MAXI vs BTCZ |
Top Performing MAXI Alternatives (YTD)
MAXI is at -38.72% YTD. There are 56 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 92.11%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares UltraShort Ether ETF | 92.11% | 76.32M | Jun 2024 | MAXI vs ETHD | |
| Valkyrie Bitcoin Miners ETF | 74.44% | 395.17M | Feb 2022 | MAXI vs WGMI | |
| Proshares Ultrashort Bitcoin ETF | 57.69% | 188.94M | Apr 2024 | MAXI vs SBIT | |
| ProShares Short Ether Strategy ETF | 55.72% | 20.27M | Nov 2023 | MAXI vs SETH | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 52.26% | — | Jul 2024 | MAXI vs BTCZ |
Lowest Volatility Alternatives to MAXI
MAXI has 65.22% 1-year volatility. There are 60 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 2.06%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.06% | — | Oct 2025 | MAXI vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.82% | — | Oct 2025 | MAXI vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.92% | — | Oct 2025 | MAXI vs CBXO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 12.28% | 7.61M | Sep 2025 | MAXI vs BFOC | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 12.34% | — | Oct 2025 | MAXI vs CBTO |
Lowest Drawdown Alternatives to MAXI
MAXI has a 1-year max drawdown of -68.93%. There are 54 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -11.95%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -11.95% | 22.14M | Aug 2022 | MAXI vs BCDF | |
| REX Crypto Equity Premium Income ETF | -22.47% | 112.87M | Dec 2024 | MAXI vs CEPI | |
| ProShares Shrt Bitcoin ETF | -25.28% | 127.37M | Jun 2022 | MAXI vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -26.45% | 1.50M | Mar 2024 | MAXI vs BTRN | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | -26.51% | 17.91M | Mar 2023 | MAXI vs BITC |
Other ETFs from Simplify
The 10 most viewed Simplify ETFs shown here include SVOL, CTA, HEQT and span 14 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | Volatility | 22 | -0.03% | 547.01M | May 2021 | MAXI vs SVOL | |
| Simplify Managed Futures Strategy ETF | Systematic Trend | 10 | -1.56% | 1.57B | Mar 2022 | MAXI vs CTA | |
| Simplify Hedged Equity ETF | Equity Hedged, Options Trading, Actively Managed | 62 | 3.86% | 316.92M | Nov 2021 | MAXI vs HEQT | |
| Simplify Interest Rate Hedge ETF | Hedge Fund | 5 | -10.86% | 201.47M | May 2021 | MAXI vs PFIX | |
| Simplify High Yield PLUS Credit Hedge ETF | High Yield Bonds | 6 | -1.46% | 398.24M | Feb 2022 | MAXI vs CDX | |
| Simplify Treasury Option Income ETF | Government Bonds, Ultrashort Bond, Derivative Income | 87 | 2.29% | 465.86M | Oct 2022 | MAXI vs BUCK | |
| Simplify Enhanced Income ETF | Derivative Income, Dividend | 7 | -0.70% | 72.39M | Oct 2022 | MAXI vs HIGH | |
| Simplify Aggregate Bond ETF | Intermediate Core Bond | 41 | 1.22% | 512.36M | Feb 2022 | MAXI vs AGGH | |
| Simplify MBS ETF | Mortgage Backed Securities | 43 | 0.36% | 1.55B | Nov 2023 | MAXI vs MTBA | |
| Simplify Commodities Strategy No K-1 ETF | Commodities | 14 | 2.13% | 91.58M | Mar 2023 | MAXI vs HARD |
Often Compared With MAXI
Investors most often compare MAXI with BTCI, YBTC, BITO. These 19 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare MAXI with Any Fund or Stock
Compare MAXI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MAXI with funds that move differently
Simplify Bitcoin Strategy PLUS Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MAXI.
Explore MAXI Diversifiers