ARKA vs. MAXI
Compare and contrast key facts about ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and Simplify Bitcoin Strategy PLUS Income ETF (MAXI).
ARKA and MAXI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKA is an actively managed fund by ARK. It was launched on Nov 13, 2023. MAXI is an actively managed fund by Simplify. It was launched on Sep 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKA or MAXI.
Performance
ARKA vs. MAXI - Performance Comparison
Returns By Period
In the year-to-date period, ARKA achieves a 100.11% return, which is significantly higher than MAXI's 92.17% return.
ARKA
100.11%
35.36%
28.02%
125.95%
N/A
N/A
MAXI
92.17%
34.58%
21.49%
116.30%
N/A
N/A
Key characteristics
| ARKA | MAXI | |
|---|---|---|
| Sharpe Ratio | 2.19 | 1.96 |
| Sortino Ratio | 2.77 | 2.54 |
| Omega Ratio | 1.33 | 1.29 |
| Calmar Ratio | 4.17 | 3.37 |
| Martin Ratio | 9.17 | 7.80 |
| Ulcer Index | 13.73% | 14.91% |
| Daily Std Dev | 57.63% | 59.31% |
| Max Drawdown | -30.23% | -34.54% |
| Current Drawdown | -8.48% | -10.21% |
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ARKA vs. MAXI - Expense Ratio Comparison
ARKA has a 0.70% expense ratio, which is lower than MAXI's 11.18% expense ratio.
Correlation
The correlation between ARKA and MAXI is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
ARKA vs. MAXI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and Simplify Bitcoin Strategy PLUS Income ETF (MAXI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ARKA vs. MAXI - Dividend Comparison
ARKA's dividend yield for the trailing twelve months is around 25.37%, less than MAXI's 39.25% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
ARKA ARK 21Shares Active Bitcoin Futures Strategy ETF | 25.37% | 0.41% | 0.00% |
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 39.25% | 29.63% | 4.05% |
Drawdowns
ARKA vs. MAXI - Drawdown Comparison
The maximum ARKA drawdown since its inception was -30.23%, smaller than the maximum MAXI drawdown of -34.54%. Use the drawdown chart below to compare losses from any high point for ARKA and MAXI. For additional features, visit the drawdowns tool.
Volatility
ARKA vs. MAXI - Volatility Comparison
ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and Simplify Bitcoin Strategy PLUS Income ETF (MAXI) have volatilities of 19.45% and 19.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.