MAXI vs. BTC-USD

In the year-to-date period, MAXI achieves a 102.45% return, which is significantly lower than BTC-USD's 120.28% return.

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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.

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.

The current MAXI Sharpe Ratio is 2.05, which is higher than the BTC-USD Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of MAXI and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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.

Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a higher volatility of 19.28% compared to Bitcoin (BTC-USD) at 17.59%. 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.