BITC vs. MAXI
Compare and contrast key facts about Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and Simplify Bitcoin Strategy PLUS Income ETF (MAXI).
BITC and MAXI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITC is an actively managed fund by Bitwise. It was launched on Mar 20, 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: BITC or MAXI.
Correlation
The correlation between BITC and MAXI is 0.96, 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.
Performance
BITC vs. MAXI - Performance Comparison
Key characteristics
BITC:
1.60
MAXI:
1.52
BITC:
2.27
MAXI:
2.14
BITC:
1.26
MAXI:
1.25
BITC:
2.94
MAXI:
2.71
BITC:
6.27
MAXI:
6.25
BITC:
14.62%
MAXI:
14.98%
BITC:
57.39%
MAXI:
61.39%
BITC:
-31.26%
MAXI:
-34.54%
BITC:
-10.19%
MAXI:
-15.84%
Returns By Period
In the year-to-date period, BITC achieves a 110.76% return, which is significantly higher than MAXI's 100.06% return.
BITC
110.76%
1.42%
45.05%
90.91%
N/A
N/A
MAXI
100.06%
-0.35%
36.91%
92.41%
N/A
N/A
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BITC vs. MAXI - Expense Ratio Comparison
BITC has a 0.88% expense ratio, which is lower than MAXI's 11.18% expense ratio.
Risk-Adjusted Performance
BITC vs. MAXI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) 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
BITC vs. MAXI - Dividend Comparison
BITC's dividend yield for the trailing twelve months is around 2.68%, less than MAXI's 37.70% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 0.00% | 5.65% | 0.00% |
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 37.70% | 29.63% | 4.05% |
Drawdowns
BITC vs. MAXI - Drawdown Comparison
The maximum BITC drawdown since its inception was -31.26%, smaller than the maximum MAXI drawdown of -34.54%. Use the drawdown chart below to compare losses from any high point for BITC and MAXI. For additional features, visit the drawdowns tool.
Volatility
BITC vs. MAXI - Volatility Comparison
The current volatility for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is 16.29%, while Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a volatility of 25.04%. This indicates that BITC experiences smaller price fluctuations and is considered to be less risky than MAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.