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 106 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% | 368.03M | Apr 2026 | MAXI vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.60B | Jul 2024 | MAXI vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.51B | Jul 2024 | MAXI vs ETH | |
| Franklin Solana ETF | 0.19% | 8.80M | Dec 2025 | MAXI vs SOEZ | |
| Franklin Crypto Index ETF | 0.19% | 12.68M | Feb 2025 | MAXI vs EZPZ |
Best Risk-Adjusted Alternatives to MAXI
MAXI has a PortfoliosLab risk / return rank of 2. There are 67 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 95 | — | Oct 2017 | MAXI vs ZCSH | |
| CoinShares Bitcoin Miners ETF | 47 | 395.17M | Feb 2022 | MAXI vs WGMI | |
| ProShares Short Bitcoin ETF | 47 | 115.79M | Jun 2022 | MAXI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | 42 | 158.01M | Apr 2024 | MAXI vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 36 | — | Jul 2024 | MAXI vs BTCZ |
Top Performing MAXI Alternatives (YTD)
MAXI is at -31.58% YTD. There are 56 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 38.49%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| CoinShares Bitcoin Miners ETF | 38.49% | 395.17M | Feb 2022 | MAXI vs WGMI | |
| Proshares Ultrashort Bitcoin ETF | 31.69% | 158.01M | Apr 2024 | MAXI vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 26.96% | — | Jul 2024 | MAXI vs BTCZ | |
| Grayscale Zcash Trust (ZEC) | 26.89% | — | Oct 2017 | MAXI vs ZCSH | |
| ProShares Short Ether Strategy ETF | 26.37% | 17.31M | Nov 2023 | MAXI vs SETH |
Lowest Volatility Alternatives to MAXI
MAXI has 64.88% 1-year volatility. There are 72 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 2.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.00% | — | Oct 2025 | MAXI vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.73% | — | Oct 2025 | MAXI vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.68% | — | Oct 2025 | MAXI vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.91% | — | Oct 2025 | MAXI vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.94% | 7.63M | Sep 2025 | MAXI vs BFOC |
Lowest Drawdown Alternatives to MAXI
MAXI has a 1-year max drawdown of -69.56%. There are 57 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -14.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -14.02% | 22.57M | Aug 2022 | MAXI vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.45M | Jun 2025 | MAXI vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 112.35M | Dec 2024 | MAXI vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 115.79M | Jun 2022 | MAXI vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -26.04% | 1.48M | Mar 2024 | MAXI vs BTRN |
Other ETFs from Simplify
The 10 most viewed Simplify ETFs shown here include SVOL, CTA, HEQT and span 16 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 | 35 | 3.19% | 538.77M | May 2021 | MAXI vs SVOL | |
| Simplify Managed Futures Strategy ETF | Systematic Trend | 10 | 1.23% | 1.51B | Mar 2022 | MAXI vs CTA | |
| Simplify Hedged Equity ETF | Equity Hedged, Options Trading, Actively Managed | 78 | 6.08% | 300.35M | Nov 2021 | MAXI vs HEQT | |
| Simplify Treasury Option Income ETF | Government Bonds, Ultrashort Bond, Derivative Income | 96 | 2.42% | 474.96M | Oct 2022 | MAXI vs BUCK | |
| Simplify Interest Rate Hedge ETF | Hedge Fund | 5 | -0.80% | 167.19M | May 2021 | MAXI vs PFIX | |
| Simplify High Yield ETF | High Yield Bonds | 8 | -1.88% | 387.11M | Feb 2022 | MAXI vs CDX | |
| Simplify Enhanced Income ETF | Derivative Income, Dividend | 7 | -0.07% | 71.03M | Oct 2022 | MAXI vs HIGH | |
| Simplify Aggregate Bond ETF | Intermediate Core Bond | 56 | 0.52% | 570.38M | Feb 2022 | MAXI vs AGGH | |
| Simplify MBS ETF | Mortgage Backed Securities | 48 | 0.12% | 1.53B | Nov 2023 | MAXI vs MTBA | |
| Simplify Gold Strategy PLUS Income ETF | Gold, Leveraged Commodities, Precious Metals | 13 | -19.34% | 37.25M | Dec 2024 | MAXI vs YGLD |
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