BITS vs. MAXI

Last updated Jun 4, 2026

BITS (Global X Blockchain & Bitcoin Strategy ETF) and MAXI (Simplify Bitcoin Strategy PLUS Income ETF) are both Cryptocurrency funds. BITS is passively managed, while MAXI is actively managed. Over the past 3 years, BITS returned 49.59%/yr vs 11.19%/yr for MAXI. Their correlation of 0.87 suggests significant overlap in exposure. BITS charges 0.65%/yr vs 0.97%/yr for MAXI.

Performance

BITS vs. MAXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain & Bitcoin Strategy ETF (BITS) and Simplify Bitcoin Strategy PLUS Income ETF (MAXI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITS achieves a 4.17% return, which is significantly higher than MAXI's -33.46% return.

BITS

• 1D: -2.94%
• 1M: -1.76%
• YTD: 4.17%
• 6M: -6.53%
• 1Y: 19.33%
• 3Y*: 49.59%
• 5Y*: —
• 10Y*: —

MAXI

• 1D: -2.93%
• 1M: -20.54%
• YTD: -33.46%
• 6M: -42.63%
• 1Y: -60.98%
• 3Y*: 11.19%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BITS vs. MAXI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BITS Global X Blockchain & Bitcoin Strategy ETF	4.17%	14.90%	61.84%	212.23%	-29.10%
MAXI Simplify Bitcoin Strategy PLUS Income ETF	-33.46%	-28.59%	92.92%	144.12%	-13.34%

Correlation

The correlation between BITS and MAXI is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Oct 3, 2022	0.87

The correlation between BITS and MAXI has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

BITS vs. MAXI - Sectors Allocation Comparison

Sectors	BITS	MAXI
Financial Services	72.9%	-
Technology	27.1%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	100.0%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

BITS vs. MAXI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITS

BITS Risk / Return Rank: 15
BITS Sharpe Ratio Rank: 14
BITS Sortino Ratio Rank: 17
BITS Omega Ratio Rank: 16
BITS Calmar Ratio Rank: 14
BITS Martin Ratio Rank: 12

MAXI

MAXI Risk / Return Rank: 1
MAXI Sharpe Ratio Rank: 2
MAXI Sortino Ratio Rank: 1
MAXI Omega Ratio Rank: 2
MAXI Calmar Ratio Rank: 1
MAXI Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITS vs. MAXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) 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.

	BITS	MAXI	Difference
Sharpe ratio Return per unit of total volatility	0.37	-0.93	+1.30
Sortino ratio Return per unit of downside risk	0.86	-1.49	+2.35
Omega ratio Gain probability vs. loss probability	1.10	0.84	+0.26
Calmar ratio Return relative to maximum drawdown	0.40	-0.92	+1.32
Martin ratio Return relative to average drawdown	0.75	-1.43	+2.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITS vs. MAXI - Sharpe Ratio Comparison

The current BITS Sharpe Ratio is 0.37, which is higher than the MAXI Sharpe Ratio of -0.93. The chart below compares the historical Sharpe Ratios of BITS and MAXI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BITS	MAXI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	-0.93	+1.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.31	-0.29

Drawdowns

BITS vs. MAXI - Drawdown Comparison

The maximum BITS drawdown since its inception was -83.11%, which is greater than MAXI's maximum drawdown of -66.78%. Use the drawdown chart below to compare losses from any high point for BITS and MAXI.

Drawdown Indicators

	BITS	MAXI	Difference
Max Drawdown Largest peak-to-trough decline	-83.11%	-66.78%	-16.33%
Max Drawdown (1Y) Largest decline over 1 year	-48.38%	-66.78%	+18.40%
Max Drawdown (3Y) Largest decline over 3 years	-48.38%	-66.78%	+18.40%
Current Drawdown Current decline from peak	-31.42%	-66.27%	+34.85%
Average Drawdown Average peak-to-trough decline	-42.76%	-18.74%	-24.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.68%	42.76%	-17.08%

Volatility

BITS vs. MAXI - Volatility Comparison

Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 12.83% compared to Simplify Bitcoin Strategy PLUS Income ETF (MAXI) at 11.92%. This indicates that BITS's price experiences larger fluctuations and is considered to be riskier than MAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITS	MAXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.83%	11.92%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	40.38%	45.84%	-5.46%
Volatility (1Y) Calculated over the trailing 1-year period	52.55%	65.83%	-13.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.91%	63.81%	-2.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.91%	63.81%	-2.90%

BITS vs. MAXI - Expense Ratio Comparison

BITS has a 0.65% expense ratio, which is lower than MAXI's 0.97% expense ratio.

Dividends

BITS vs. MAXI - Dividend Comparison

BITS's dividend yield for the trailing twelve months is around 21.88%, less than MAXI's 66.33% yield.

Position	TTM	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	21.88%	22.80%	29.49%	13.69%	0.48%	1.90%
MAXI Simplify Bitcoin Strategy PLUS Income ETF	66.33%	49.00%	32.06%	29.63%	4.43%	0.00%

Frequently Asked Questions

Can I hold both BITS and MAXI in my portfolio?

BITS and MAXI have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITS or MAXI?

BITS has higher volatility (12.83%) compared to MAXI (11.92%). In terms of maximum drawdown, BITS dropped -83.11% vs MAXI's -66.78%.

Which ETF is better, BITS or MAXI?

On 3-year performance, BITS leads with 49.59% vs 11.19% for MAXI. On fees, BITS is cheaper at 0.65% per year. On volatility, MAXI has been the lower-risk option at 11.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITS or MAXI?

Over the 3-year period, BITS has performed better with a 49.59% return vs 11.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITS or MAXI?

BITS is cheaper with a 0.65% expense ratio, compared with 0.97% for MAXI.

Which ETF pays a higher dividend yield, BITS or MAXI?

MAXI has the higher dividend yield at 66.33%, compared with 21.88% for BITS.

What is the main difference between BITS and MAXI?

They also come from different issuers: Global X and Simplify. Their fees differ too: 0.65% for BITS and 0.97% for MAXI.

Which has better risk-adjusted returns?

BITS currently has the higher Sharpe Ratio (0.37 vs -0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.