MAXI vs. ARKA
Compare and contrast key facts about Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA).
MAXI and ARKA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MAXI is an actively managed fund by Simplify. It was launched on Sep 29, 2022. ARKA is an actively managed fund by ARK. It was launched on Nov 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAXI or ARKA.
Key characteristics
| MAXI | ARKA | |
|---|---|---|
| YTD Return | 27.32% | 33.82% |
| Daily Std Dev | 57.39% | 58.03% |
| Max Drawdown | -34.54% | -30.23% |
| Current Drawdown | -25.71% | -21.65% |
Correlation
The correlation between MAXI and ARKA 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.
Performance
MAXI vs. ARKA - Performance Comparison
In the year-to-date period, MAXI achieves a 27.32% return, which is significantly lower than ARKA's 33.82% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MAXI vs. ARKA - Expense Ratio Comparison
MAXI has a 11.18% expense ratio, which is higher than ARKA's 0.70% expense ratio.
Risk-Adjusted Performance
MAXI vs. ARKA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA). 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
MAXI vs. ARKA - Dividend Comparison
MAXI's dividend yield for the trailing twelve months is around 34.68%, more than ARKA's 1.95% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 34.68% | 29.63% | 4.05% |
ARKA ARK 21Shares Active Bitcoin Futures Strategy ETF | 1.95% | 0.41% | 0.00% |
Drawdowns
MAXI vs. ARKA - Drawdown Comparison
The maximum MAXI drawdown since its inception was -34.54%, which is greater than ARKA's maximum drawdown of -30.23%. Use the drawdown chart below to compare losses from any high point for MAXI and ARKA. For additional features, visit the drawdowns tool.
Volatility
MAXI vs. ARKA - Volatility Comparison
Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a higher volatility of 16.61% compared to ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) at 13.88%. This indicates that MAXI's price experiences larger fluctuations and is considered to be riskier than ARKA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.