BTCI vs. MAXI
Compare and contrast key facts about NEOS Bitcoin High Income ETF (BTCI) and Simplify Bitcoin Strategy PLUS Income ETF (MAXI).
BTCI and MAXI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTCI is an actively managed fund by Neos Investments. It was launched on Oct 16, 2024. 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: BTCI or MAXI.
Correlation
The correlation between BTCI and MAXI is 0.94, 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
BTCI vs. MAXI - Performance Comparison
Key characteristics
BTCI:
42.03%
MAXI:
63.17%
BTCI:
-10.95%
MAXI:
-34.54%
BTCI:
-7.94%
MAXI:
-21.82%
Returns By Period
In the year-to-date period, BTCI achieves a 3.49% return, which is significantly higher than MAXI's -3.67% return.
BTCI
3.49%
-7.51%
N/A
N/A
N/A
N/A
MAXI
-3.67%
-17.76%
34.87%
50.99%
N/A
N/A
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BTCI vs. MAXI - Expense Ratio Comparison
BTCI has a 0.98% expense ratio, which is lower than MAXI's 11.18% expense ratio.
Risk-Adjusted Performance
BTCI vs. MAXI — Risk-Adjusted Performance Rank
BTCI
MAXI
BTCI vs. MAXI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) 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.
Not enough dataDividends
BTCI vs. MAXI - Dividend Comparison
BTCI's dividend yield for the trailing twelve months is around 9.32%, less than MAXI's 33.45% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | 9.32% | 6.76% | 0.00% | 0.00% |
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 33.45% | 32.06% | 29.63% | 4.05% |
Drawdowns
BTCI vs. MAXI - Drawdown Comparison
The maximum BTCI drawdown since its inception was -10.95%, smaller than the maximum MAXI drawdown of -34.54%. Use the drawdown chart below to compare losses from any high point for BTCI and MAXI. For additional features, visit the drawdowns tool.
Volatility
BTCI vs. MAXI - Volatility Comparison
The current volatility for NEOS Bitcoin High Income ETF (BTCI) is 8.29%, while Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a volatility of 13.57%. This indicates that BTCI 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.