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.
Performance
MAXI vs. ARKA - Performance Comparison
Returns By Period
In the year-to-date period, MAXI achieves a 102.45% return, which is significantly lower than ARKA's 108.68% return.
MAXI
102.45%
41.78%
25.47%
121.21%
N/A
N/A
ARKA
108.68%
41.15%
32.26%
127.38%
N/A
N/A
Key characteristics
| MAXI | ARKA | |
|---|---|---|
| Sharpe Ratio | 2.05 | 2.21 |
| Sortino Ratio | 2.61 | 2.79 |
| Omega Ratio | 1.30 | 1.33 |
| Calmar Ratio | 3.51 | 4.21 |
| Martin Ratio | 8.14 | 9.28 |
| Ulcer Index | 14.90% | 13.72% |
| Daily Std Dev | 59.17% | 57.57% |
| Max Drawdown | -34.54% | -30.23% |
| Current Drawdown | -5.41% | -4.56% |
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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.
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.
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.
Dividends
MAXI vs. ARKA - Dividend Comparison
MAXI's dividend yield for the trailing twelve months is around 37.76%, more than ARKA's 24.33% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 37.26% | 29.63% | 4.05% |
ARKA ARK 21Shares Active Bitcoin Futures Strategy ETF | 24.33% | 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) and ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) have volatilities of 18.95% and 18.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.