IDVO vs. MAXI

Last updated Jun 21, 2026

IDVO (Amplify CWP International Enhanced Dividend Income ETF) and MAXI (Simplify Bitcoin Strategy PLUS Income ETF) are both exchange-traded funds - IDVO is a Derivative Income fund actively managed by Amplify, while MAXI is a Cryptocurrency fund actively managed by Simplify. Both are actively managed. Over the past 3 years, IDVO returned 21.61%/yr vs 10.98%/yr for MAXI. At a 0.37 correlation, their price movements are largely independent. IDVO charges 0.65%/yr vs 1.31%/yr for MAXI.

Performance

IDVO vs. MAXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP International Enhanced Dividend Income ETF (IDVO) 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, IDVO achieves a 13.34% return, which is significantly higher than MAXI's -35.86% return.

IDVO

• 1D: 0.17%
• 1M: 0.36%
• YTD: 13.34%
• 6M: 14.21%
• 1Y: 35.01%
• 3Y*: 21.61%
• 5Y*: —
• 10Y*: —

MAXI

• 1D: -1.94%
• 1M: -19.20%
• YTD: -35.86%
• 6M: -37.09%
• 1Y: -57.63%
• 3Y*: 10.98%
• 5Y*: —
• 10Y*: —

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

IDVO vs. MAXI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IDVO Amplify CWP International Enhanced Dividend Income ETF	13.34%	36.46%	10.16%	17.53%	13.93%
MAXI Simplify Bitcoin Strategy PLUS Income ETF	-35.86%	-28.59%	92.92%	144.12%	-13.34%

Correlation

The correlation between IDVO and MAXI is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022	0.37

The correlation between IDVO and MAXI shifts across timeframes, from 0.36 (3 years) to 0.47 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

IDVO vs. MAXI — Risk / Return Rank

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

IDVO

IDVO Risk / Return Rank: 68
IDVO Sharpe Ratio Rank: 67
IDVO Sortino Ratio Rank: 64
IDVO Omega Ratio Rank: 68
IDVO Calmar Ratio Rank: 69
IDVO Martin Ratio Rank: 71

MAXI

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

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.

IDVO vs. MAXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP International Enhanced Dividend Income ETF (IDVO) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IDVO	MAXI	Difference
Sharpe ratio: Return per unit of total volatility	2.09	-0.90	+2.98
Sortino ratio: Return per unit of downside risk	2.81	-1.37	+4.18
Omega ratio: Gain probability vs. loss probability	1.38	0.85	+0.53
Calmar ratio: Return relative to maximum drawdown	3.28	-0.85	+4.13
Martin ratio: Return relative to average drawdown	12.51	-1.30	+13.80

IDVO vs. MAXI - Sharpe Ratio Comparison

The current IDVO Sharpe Ratio is 2.09, which is higher than the MAXI Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of IDVO 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.

Drawdowns

IDVO vs. MAXI - Drawdown Comparison

The maximum IDVO drawdown since its inception was -15.46%, smaller than the maximum MAXI drawdown of -68.91%. Use the drawdown chart below to compare losses from any high point for IDVO and MAXI.

Drawdown Indicators

	IDVO	MAXI	Difference
Max Drawdown Largest peak-to-trough decline	-15.46%	-68.91%	+53.45%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-68.91%	+58.54%
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	-68.91%	+53.45%
Current Drawdown Current decline from peak	-1.93%	-67.49%	+65.56%
Average Drawdown Average peak-to-trough decline	-2.30%	-19.30%	+17.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	44.94%	-42.22%

Volatility

IDVO vs. MAXI - Volatility Comparison

The current volatility for Amplify CWP International Enhanced Dividend Income ETF (IDVO) is 5.96%, while Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a volatility of 12.91%. This indicates that IDVO 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.

Volatility by Period

	IDVO	MAXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	12.91%	-6.95%
Volatility (6M) Calculated over the trailing 6-month period	13.89%	44.45%	-30.56%
Volatility (1Y) Calculated over the trailing 1-year period	16.30%	65.18%	-48.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.48%	63.64%	-47.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.48%	63.64%	-47.16%

IDVO vs. MAXI - Expense Ratio Comparison

IDVO has a 0.65% expense ratio, which is lower than MAXI's 1.31% expense ratio.

Dividends

IDVO vs. MAXI - Dividend Comparison

IDVO's dividend yield for the trailing twelve months is around 5.52%, less than MAXI's 68.81% yield.

Position	TTM	2025	2024	2023	2022
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.52%	5.42%	6.14%	5.72%	1.96%
MAXI Simplify Bitcoin Strategy PLUS Income ETF	68.81%	49.00%	32.06%	29.63%	4.43%

Frequently Asked Questions

Can I hold both IDVO and MAXI in my portfolio?

IDVO and MAXI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDVO or MAXI?

MAXI has higher volatility (12.91%) compared to IDVO (5.96%). In terms of maximum drawdown, IDVO dropped -15.46% vs MAXI's -68.91%.

Which ETF is better, IDVO or MAXI?

On 3-year performance, IDVO leads with 21.61% vs 10.98% for MAXI. On fees, IDVO is cheaper at 0.65% per year. On volatility, IDVO has been the lower-risk option at 5.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDVO or MAXI?

Over the 3-year period, IDVO has performed better with a 21.61% return vs 10.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDVO or MAXI?

IDVO is cheaper with a 0.65% expense ratio, compared with 1.31% for MAXI.

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

MAXI has the higher dividend yield at 68.81%, compared with 5.52% for IDVO.

What is the main difference between IDVO and MAXI?

IDVO is categorized as Derivative Income, while MAXI is Cryptocurrency. They also come from different issuers: Amplify and Simplify. Their fees differ too: 0.65% for IDVO and 1.31% for MAXI.

Which has better risk-adjusted returns?

IDVO currently has the higher Sharpe Ratio (2.09 vs -0.90), 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.