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MAXI vs. BITC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


MAXIBITC
YTD Return91.55%97.41%
1Y Return116.18%121.32%
Sharpe Ratio1.902.02
Sortino Ratio2.512.63
Omega Ratio1.291.31
Calmar Ratio3.273.76
Martin Ratio7.588.05
Ulcer Index14.90%14.60%
Daily Std Dev59.46%58.11%
Max Drawdown-34.54%-31.26%
Current Drawdown0.00%0.00%

Correlation

-0.50.00.51.01.0

The correlation between MAXI and BITC is 0.96, 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

In the year-to-date period, MAXI achieves a 91.55% return, which is significantly lower than BITC's 97.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
36.55%
40.41%
MAXI
BITC

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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.


MAXI
Simplify Bitcoin Strategy PLUS Income ETF
Expense ratio chart for MAXI: current value at 11.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%11.18%
Expense ratio chart for BITC: current value at 0.88% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.88%

Risk-Adjusted Performance

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.


MAXI
Sharpe ratio
The chart of Sharpe ratio for MAXI, currently valued at 1.90, compared to the broader market-2.000.002.004.006.001.90
Sortino ratio
The chart of Sortino ratio for MAXI, currently valued at 2.51, compared to the broader market-2.000.002.004.006.008.0010.0012.002.51
Omega ratio
The chart of Omega ratio for MAXI, currently valued at 1.29, compared to the broader market1.001.502.002.503.001.29
Calmar ratio
The chart of Calmar ratio for MAXI, currently valued at 3.27, compared to the broader market0.005.0010.0015.003.27
Martin ratio
The chart of Martin ratio for MAXI, currently valued at 7.58, compared to the broader market0.0020.0040.0060.0080.00100.007.58
BITC
Sharpe ratio
The chart of Sharpe ratio for BITC, currently valued at 2.02, compared to the broader market-2.000.002.004.006.002.02
Sortino ratio
The chart of Sortino ratio for BITC, currently valued at 2.63, compared to the broader market-2.000.002.004.006.008.0010.0012.002.63
Omega ratio
The chart of Omega ratio for BITC, currently valued at 1.31, compared to the broader market1.001.502.002.503.001.31
Calmar ratio
The chart of Calmar ratio for BITC, currently valued at 3.76, compared to the broader market0.005.0010.0015.003.76
Martin ratio
The chart of Martin ratio for BITC, currently valued at 8.05, compared to the broader market0.0020.0040.0060.0080.00100.008.05

MAXI vs. BITC - Sharpe Ratio Comparison

The current MAXI Sharpe Ratio is 1.90, which is comparable to the BITC Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of MAXI and BITC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.90
2.02
MAXI
BITC

Dividends

MAXI vs. BITC - Dividend Comparison

MAXI's dividend yield for the trailing twelve months is around 30.84%, more than BITC's 2.86% yield.


TTM20232022
MAXI
Simplify Bitcoin Strategy PLUS Income ETF
30.84%29.63%4.05%
BITC
Bitwise Bitcoin Strategy Optimum Roll ETF
2.86%5.65%0.00%

Drawdowns

MAXI vs. BITC - Drawdown Comparison

The maximum MAXI drawdown since its inception was -34.54%, which is greater than BITC's maximum drawdown of -31.26%. Use the drawdown chart below to compare losses from any high point for MAXI and BITC. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
MAXI
BITC

Volatility

MAXI vs. BITC - Volatility Comparison

Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) have volatilities of 17.47% and 18.05%, 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.


10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
17.47%
18.05%
MAXI
BITC