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 12.72%/yr vs -49.53%/yr for IBIO. At a 0.14 correlation, their price movements are largely independent.
Performance
MAXI vs. IBIO - Performance Comparison
Loading charts...
Returns By Period
MAXI
- 1D
- -2.53%
- 1M
- -24.95%
- YTD
- -35.14%
- 6M
- -43.24%
- 1Y
- -61.18%
- 3Y*
- 12.72%
- 5Y*
- —
- 10Y*
- —
IBIO
- 1D
- 4.89%
- 1M
- 19.88%
- YTD
- 0.00%
- 6M
- 50.78%
- 1Y
- 95.28%
- 3Y*
- -49.53%
- 5Y*
- -69.23%
- 10Y*
- -52.43%
MAXI vs. IBIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | -35.14% | -28.59% | 92.92% | 144.12% | -13.34% |
IBIO iBio, Inc. | 0.00% | -21.22% | 78.83% | -84.59% | -89.56% |
Correlation
The correlation between MAXI and IBIO is 0.23, 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 Oct 3, 2022 | 0.14 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
| MAXI | IBIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.55 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.23 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 1.78 | -2.70 |
| Martin ratioReturn relative to average drawdown | -1.42 | 3.38 | -4.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MAXI | IBIO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 0.82 | -1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.45 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | -0.23 | +0.53 |
Drawdowns
MAXI vs. IBIO - Drawdown Comparison
The maximum MAXI drawdown since its inception was -67.12%, 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.
Loading charts...
Drawdown Indicators
| MAXI | IBIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.12% | -100.00% | +32.88% |
Max Drawdown (1Y)Largest decline over 1 year | -67.12% | -53.75% | -13.37% |
Max Drawdown (3Y)Largest decline over 3 years | -67.12% | -96.51% | +29.39% |
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 | -67.12% | -99.99% | +32.87% |
Average DrawdownAverage peak-to-trough decline | -18.80% | -86.67% | +67.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.96% | 28.29% | +14.67% |
Volatility
MAXI vs. IBIO - Volatility Comparison
The current volatility for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) is 11.13%, while iBio, Inc. (IBIO) has a volatility of 26.14%. 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.
Loading charts...
Volatility by Period
| MAXI | IBIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.13% | 26.14% | -15.01% |
Volatility (6M)Calculated over the trailing 6-month period | 44.80% | 87.98% | -43.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.74% | 117.98% | -52.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.80% | 153.42% | -89.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.80% | 156.96% | -93.16% |
Dividends
MAXI vs. IBIO - Dividend Comparison
MAXI's dividend yield for the trailing twelve months is around 68.05%, 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 | 68.05% | 49.00% | 32.06% | 29.63% | 4.43% |
Frequently Asked Questions
MAXI and IBIO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIO has higher volatility (26.14%) compared to MAXI (11.13%). In terms of maximum drawdown, MAXI dropped -67.12% vs IBIO's -100.00%.
IBIO currently has the higher Sharpe Ratio (0.82 vs -0.93), 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.
Find the right allocation for MAXI and IBIO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer