MAXI vs. BRK-B
MAXI (Simplify Bitcoin Strategy PLUS Income ETF) is Cryptocurrency fund actively managed by Simplify, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 3 years, MAXI returned 10.98%/yr vs 13.10%/yr for BRK-B. At a 0.11 correlation, their price movements are largely independent.
Performance
MAXI vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, MAXI achieves a -35.86% return, which is significantly lower than BRK-B's -2.62% return.
MAXI
- 1D
- -1.94%
- 1M
- -19.20%
- YTD
- -35.86%
- 6M
- -37.09%
- 1Y
- -57.63%
- 3Y*
- 10.98%
- 5Y*
- —
- 10Y*
- —
BRK-B
- 1D
- -0.37%
- 1M
- 0.63%
- YTD
- -2.62%
- 6M
- -1.03%
- 1Y
- 0.95%
- 3Y*
- 13.10%
- 5Y*
- 12.30%
- 10Y*
- 13.20%
MAXI vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | -35.86% | -28.59% | 92.92% | 144.12% | -13.34% |
BRK-B Berkshire Hathaway Inc. | -2.62% | 10.89% | 27.09% | 15.46% | 14.59% |
Correlation
The correlation between MAXI and BRK-B is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022 | 0.11 |
The correlation between MAXI and BRK-B shifts across timeframes, from -0.09 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MAXI vs. BRK-B — Risk / Return Rank
MAXI
BRK-B
MAXI vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and Berkshire Hathaway Inc. (BRK-B). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MAXI | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.02 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 0.09 | -0.94 |
| Martin ratioReturn relative to average drawdown | -1.30 | 0.20 | -1.49 |
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Drawdowns
MAXI vs. BRK-B - Drawdown Comparison
The maximum MAXI drawdown since its inception was -68.91%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for MAXI and BRK-B.
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Drawdown Indicators
| MAXI | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.91% | -53.86% | -15.05% |
Max Drawdown (1Y)Largest decline over 1 year | -68.91% | -9.42% | -59.49% |
Max Drawdown (3Y)Largest decline over 3 years | -68.91% | -14.95% | -53.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -67.49% | -9.33% | -58.16% |
Average DrawdownAverage peak-to-trough decline | -19.30% | -11.07% | -8.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.94% | 4.56% | +40.38% |
Volatility
MAXI vs. BRK-B - Volatility Comparison
Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a higher volatility of 12.91% compared to Berkshire Hathaway Inc. (BRK-B) at 3.67%. This indicates that MAXI's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAXI | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.91% | 3.67% | +9.24% |
Volatility (6M)Calculated over the trailing 6-month period | 44.45% | 10.64% | +33.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.18% | 14.37% | +50.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.64% | 17.10% | +46.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.64% | 19.44% | +44.20% |
Dividends
MAXI vs. BRK-B - Dividend Comparison
MAXI's dividend yield for the trailing twelve months is around 68.81%, while BRK-B has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 68.81% | 49.00% | 32.06% | 29.63% | 4.43% |
Frequently Asked Questions
MAXI and BRK-B have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAXI has higher volatility (12.91%) compared to BRK-B (3.67%). In terms of maximum drawdown, MAXI dropped -68.91% vs BRK-B's -53.86%.
BRK-B currently has the higher Sharpe Ratio (0.06 vs -0.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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