MAXI vs. IBIO
MAXI (Simplify Bitcoin Strategy PLUS Income ETF) is Cryptocurrency fund actively managed by Simplify, while IBIO (iBio, Inc.) is a stock. Over the past 3 years, MAXI returned 3.86%/yr vs -51.10%/yr for IBIO. At a 0.14 correlation, their price movements are largely independent.
Performance
MAXI vs. IBIO - Performance Comparison
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Returns By Period
In the year-to-date period, MAXI achieves a -39.38% return, which is significantly lower than IBIO's -17.62% return.
MAXI
- 1D
- -1.09%
- 1M
- -21.90%
- YTD
- -39.38%
- 6M
- -40.92%
- 1Y
- -62.78%
- 3Y*
- 3.86%
- 5Y*
- —
- 10Y*
- —
IBIO
- 1D
- -1.85%
- 1M
- -12.64%
- YTD
- -17.62%
- 6M
- -14.97%
- 1Y
- 117.81%
- 3Y*
- -51.10%
- 5Y*
- -71.15%
- 10Y*
- -53.60%
MAXI vs. IBIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | -39.38% | -28.59% | 92.92% | 144.12% | -13.34% |
IBIO iBio, Inc. | -17.62% | -21.22% | 78.83% | -84.59% | -90.24% |
Correlation
The correlation between MAXI and IBIO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022 | 0.14 |
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Return for Risk
MAXI vs. IBIO — Risk / Return Rank
MAXI
IBIO
MAXI vs. IBIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and iBio, Inc. (IBIO). 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 | IBIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -3.89 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.26 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 2.20 | -3.11 |
| Martin ratioReturn relative to average drawdown | -1.37 | 4.33 | -5.70 |
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Drawdowns
MAXI vs. IBIO - Drawdown Comparison
The maximum MAXI drawdown since its inception was -69.27%, smaller than the maximum IBIO drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for MAXI and IBIO.
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Drawdown Indicators
| MAXI | IBIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.27% | -100.00% | +30.73% |
Max Drawdown (1Y)Largest decline over 1 year | -69.27% | -53.75% | -15.52% |
Max Drawdown (3Y)Largest decline over 3 years | -69.27% | -95.74% | +26.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.98% | — |
Current DrawdownCurrent decline from peak | -69.27% | -99.99% | +30.72% |
Average DrawdownAverage peak-to-trough decline | -19.51% | -86.69% | +67.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.76% | 27.34% | +18.42% |
Volatility
MAXI vs. IBIO - Volatility Comparison
The current volatility for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) is 12.96%, while iBio, Inc. (IBIO) has a volatility of 17.78%. This indicates that MAXI experiences smaller price fluctuations and is considered to be less risky than IBIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAXI | IBIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.96% | 17.78% | -4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 44.07% | 63.26% | -19.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.11% | 114.21% | -49.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.54% | 153.49% | -89.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.54% | 156.97% | -93.43% |
Dividends
MAXI vs. IBIO - Dividend Comparison
MAXI's dividend yield for the trailing twelve months is around 70.27%, while IBIO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBIO iBio, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 70.27% | 49.00% | 32.06% | 29.63% | 4.43% |
Frequently Asked Questions
MAXI and IBIO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIO has higher volatility (17.78%) compared to MAXI (12.96%). In terms of maximum drawdown, MAXI dropped -69.27% vs IBIO's -100.00%.
IBIO currently has the higher Sharpe Ratio (1.04 vs -0.97), 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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