MAXI vs. BITC
Compare and contrast key facts about Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC).
MAXI and BITC 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. BITC is an actively managed fund by Bitwise. It was launched on Mar 20, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAXI or BITC.
Correlation
The correlation between MAXI and BITC is 0.95, 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. BITC - Performance Comparison
Key characteristics
MAXI:
1.27
BITC:
0.31
MAXI:
1.90
BITC:
0.85
MAXI:
1.22
BITC:
1.12
MAXI:
2.29
BITC:
0.45
MAXI:
5.16
BITC:
1.18
MAXI:
15.30%
BITC:
16.94%
MAXI:
62.20%
BITC:
63.70%
MAXI:
-34.54%
BITC:
-44.55%
MAXI:
-17.60%
BITC:
-43.96%
Returns By Period
In the year-to-date period, MAXI achieves a 1.53% return, which is significantly higher than BITC's -7.49% return.
MAXI
1.53%
-10.86%
31.93%
90.99%
N/A
N/A
BITC
-7.49%
-41.17%
-10.17%
27.76%
N/A
N/A
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MAXI vs. BITC - Expense Ratio Comparison
MAXI has a 11.18% expense ratio, which is higher than BITC's 0.88% expense ratio.
Risk-Adjusted Performance
MAXI vs. BITC — Risk-Adjusted Performance Rank
MAXI
BITC
MAXI vs. BITC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC). 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. BITC - Dividend Comparison
MAXI's dividend yield for the trailing twelve months is around 31.58%, while BITC has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 31.58% | 32.06% | 29.63% | 4.05% |
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 0.00% | 0.00% | 5.65% | 0.00% |
Drawdowns
MAXI vs. BITC - Drawdown Comparison
The maximum MAXI drawdown since its inception was -34.54%, smaller than the maximum BITC drawdown of -44.55%. Use the drawdown chart below to compare losses from any high point for MAXI and BITC. For additional features, visit the drawdowns tool.
Volatility
MAXI vs. BITC - Volatility Comparison
The current volatility for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) is 24.68%, while Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) has a volatility of 36.73%. This indicates that MAXI experiences smaller price fluctuations and is considered to be less risky than BITC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.