MAXI vs. BTC-USD
Compare and contrast key facts about Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and Bitcoin (BTC-USD).
MAXI is an actively managed fund by Simplify. It was launched on Sep 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAXI or BTC-USD.
Key characteristics
| MAXI | BTC-USD | |
|---|---|---|
| YTD Return | 96.23% | 114.32% |
| 1Y Return | 132.93% | 154.90% |
| Sharpe Ratio | 2.04 | 1.07 |
| Sortino Ratio | 2.62 | 1.78 |
| Omega Ratio | 1.30 | 1.17 |
| Calmar Ratio | 3.52 | 0.91 |
| Martin Ratio | 8.15 | 4.39 |
| Ulcer Index | 14.90% | 13.18% |
| Daily Std Dev | 59.47% | 44.55% |
| Max Drawdown | -34.54% | -93.07% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between MAXI and BTC-USD is 0.72, 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. BTC-USD - Performance Comparison
In the year-to-date period, MAXI achieves a 96.23% return, which is significantly lower than BTC-USD's 114.32% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
MAXI vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and Bitcoin (BTC-USD). 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.
Drawdowns
MAXI vs. BTC-USD - Drawdown Comparison
The maximum MAXI drawdown since its inception was -34.54%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for MAXI and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
MAXI vs. BTC-USD - Volatility Comparison
Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a higher volatility of 17.76% compared to Bitcoin (BTC-USD) at 15.70%. This indicates that MAXI's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.