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

Correlation

The correlation between MAXI and BITO is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.3

Performance

MAXI vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

150.00%200.00%250.00%300.00%350.00%400.00%NovemberDecember2025FebruaryMarchApril
309.60%
326.46%
MAXI
BITO

Key characteristics

Sharpe Ratio

MAXI:

0.38

BITO:

0.63

Sortino Ratio

MAXI:

1.05

BITO:

1.24

Omega Ratio

MAXI:

1.13

BITO:

1.14

Calmar Ratio

MAXI:

0.53

BITO:

1.11

Martin Ratio

MAXI:

1.40

BITO:

2.52

Ulcer Index

MAXI:

19.72%

BITO:

13.75%

Daily Std Dev

MAXI:

73.21%

BITO:

55.08%

Max Drawdown

MAXI:

-52.48%

BITO:

-77.86%

Current Drawdown

MAXI:

-18.24%

BITO:

-12.75%

Returns By Period

In the year-to-date period, MAXI achieves a 0.74% return, which is significantly higher than BITO's 0.30% return.


MAXI

YTD

0.74%

1M

20.98%

6M

36.11%

1Y

33.69%

5Y*

N/A

10Y*

N/A

BITO

YTD

0.30%

1M

9.22%

6M

38.09%

1Y

40.95%

5Y*

N/A

10Y*

N/A

*Annualized

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MAXI vs. BITO - Expense Ratio Comparison

MAXI has a 11.18% expense ratio, which is higher than BITO's 0.95% expense ratio.


Expense ratio chart for MAXI: current value is 11.18%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
MAXI: 11.18%
Expense ratio chart for BITO: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BITO: 0.95%

Risk-Adjusted Performance

MAXI vs. BITO — Risk-Adjusted Performance Rank

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

MAXI
The Risk-Adjusted Performance Rank of MAXI is 6060
Overall Rank
The Sharpe Ratio Rank of MAXI is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of MAXI is 6969
Sortino Ratio Rank
The Omega Ratio Rank of MAXI is 6464
Omega Ratio Rank
The Calmar Ratio Rank of MAXI is 6565
Calmar Ratio Rank
The Martin Ratio Rank of MAXI is 5151
Martin Ratio Rank

BITO
The Risk-Adjusted Performance Rank of BITO is 7373
Overall Rank
The Sharpe Ratio Rank of BITO is 6767
Sharpe Ratio Rank
The Sortino Ratio Rank of BITO is 7575
Sortino Ratio Rank
The Omega Ratio Rank of BITO is 6868
Omega Ratio Rank
The Calmar Ratio Rank of BITO is 8585
Calmar Ratio Rank
The Martin Ratio Rank of BITO is 6868
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

MAXI vs. BITO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and ProShares Bitcoin Strategy ETF (BITO). 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.


The chart of Sharpe ratio for MAXI, currently valued at 0.38, compared to the broader market-1.000.001.002.003.004.00
MAXI: 0.38
BITO: 0.63
The chart of Sortino ratio for MAXI, currently valued at 1.05, compared to the broader market-2.000.002.004.006.008.00
MAXI: 1.05
BITO: 1.24
The chart of Omega ratio for MAXI, currently valued at 1.13, compared to the broader market0.501.001.502.00
MAXI: 1.13
BITO: 1.14
The chart of Calmar ratio for MAXI, currently valued at 0.53, compared to the broader market0.002.004.006.008.0010.0012.00
MAXI: 0.53
BITO: 1.16
The chart of Martin ratio for MAXI, currently valued at 1.40, compared to the broader market0.0020.0040.0060.00
MAXI: 1.40
BITO: 2.52

The current MAXI Sharpe Ratio is 0.38, which is lower than the BITO Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of MAXI and BITO, 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 Ratio-0.500.000.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
0.38
0.63
MAXI
BITO

Dividends

MAXI vs. BITO - Dividend Comparison

MAXI's dividend yield for the trailing twelve months is around 32.83%, less than BITO's 66.60% yield.


TTM202420232022
MAXI
Simplify Bitcoin Strategy PLUS Income ETF
32.83%32.06%29.63%4.05%
BITO
ProShares Bitcoin Strategy ETF
66.60%61.58%15.14%0.00%

Drawdowns

MAXI vs. BITO - Drawdown Comparison

The maximum MAXI drawdown since its inception was -52.48%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for MAXI and BITO. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-18.24%
-12.75%
MAXI
BITO

Volatility

MAXI vs. BITO - Volatility Comparison

Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a higher volatility of 39.72% compared to ProShares Bitcoin Strategy ETF (BITO) at 16.62%. This indicates that MAXI's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%NovemberDecember2025FebruaryMarchApril
39.72%
16.62%
MAXI
BITO