PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
MAXI vs. IBIT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

MAXI vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and iShares Bitcoin Trust (IBIT). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%JuneJulyAugustSeptemberOctoberNovember
27.99%
38.58%
MAXI
IBIT

Returns By Period


MAXI

YTD

102.45%

1M

41.78%

6M

25.47%

1Y

121.21%

5Y (annualized)

N/A

10Y (annualized)

N/A

IBIT

YTD

N/A

1M

42.12%

6M

36.90%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


MAXIIBIT
Daily Std Dev59.17%57.58%
Max Drawdown-34.54%-27.51%
Current Drawdown-5.41%-4.37%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


MAXI vs. IBIT - Expense Ratio Comparison

MAXI has a 11.18% expense ratio, which is higher than IBIT's 0.25% expense ratio.


MAXI
Simplify Bitcoin Strategy PLUS Income ETF
Expense ratio chart for MAXI: current value at 11.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%11.18%
Expense ratio chart for IBIT: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Correlation

The correlation between MAXI and IBIT is 0.99, 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.


-0.50.00.51.01.0

Risk-Adjusted Performance

MAXI vs. IBIT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and iShares Bitcoin Trust (IBIT). 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.


Sharpe ratio
The chart of Sharpe ratio for MAXI, currently valued at 2.05, compared to the broader market-2.000.002.004.002.05
The chart of Sortino ratio for MAXI, currently valued at 2.61, compared to the broader market-2.000.002.004.006.008.0010.0012.002.61
The chart of Omega ratio for MAXI, currently valued at 1.30, compared to the broader market0.501.001.502.002.503.001.30
The chart of Calmar ratio for MAXI, currently valued at 3.51, compared to the broader market0.005.0010.0015.003.51
The chart of Martin ratio for MAXI, currently valued at 8.14, compared to the broader market0.0020.0040.0060.0080.00100.008.14
MAXI
IBIT


Chart placeholderNot enough data

Dividends

MAXI vs. IBIT - Dividend Comparison

MAXI's dividend yield for the trailing twelve months is around 37.76%, while IBIT has not paid dividends to shareholders.


TTM20232022
MAXI
Simplify Bitcoin Strategy PLUS Income ETF
37.26%29.63%4.05%
IBIT
iShares Bitcoin Trust
0.00%0.00%0.00%

Drawdowns

MAXI vs. IBIT - Drawdown Comparison

The maximum MAXI drawdown since its inception was -34.54%, which is greater than IBIT's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for MAXI and IBIT. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-5.41%
-4.37%
MAXI
IBIT

Volatility

MAXI vs. IBIT - Volatility Comparison

Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and iShares Bitcoin Trust (IBIT) have volatilities of 18.95% and 18.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
18.95%
18.67%
MAXI
IBIT
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab