MAXI vs. IBIT
Compare and contrast key facts about Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and iShares Bitcoin Trust (IBIT).
MAXI and IBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MAXI is an actively managed fund by Simplify. It was launched on Sep 29, 2022. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAXI or IBIT.
Correlation
The correlation between MAXI and IBIT is 0.97, 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. IBIT - Performance Comparison
Key characteristics
MAXI:
-0.14
IBIT:
0.50
MAXI:
0.27
IBIT:
1.08
MAXI:
1.03
IBIT:
1.12
MAXI:
-0.21
IBIT:
0.98
MAXI:
-0.49
IBIT:
2.13
MAXI:
18.45%
IBIT:
12.74%
MAXI:
66.30%
IBIT:
54.41%
MAXI:
-43.68%
IBIT:
-27.51%
MAXI:
-42.02%
IBIT:
-21.44%
Returns By Period
In the year-to-date period, MAXI achieves a -28.56% return, which is significantly lower than IBIT's -10.07% return.
MAXI
-28.56%
-18.36%
2.83%
-12.47%
N/A
N/A
IBIT
-10.07%
-7.25%
34.32%
22.08%
N/A
N/A
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MAXI vs. IBIT - Expense Ratio Comparison
MAXI has a 11.18% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Risk-Adjusted Performance
MAXI vs. IBIT — Risk-Adjusted Performance Rank
MAXI
IBIT
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.
Dividends
MAXI vs. IBIT - Dividend Comparison
MAXI's dividend yield for the trailing twelve months is around 44.96%, while IBIT has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 44.96% | 32.06% | 29.63% | 4.05% |
IBIT iShares Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MAXI vs. IBIT - Drawdown Comparison
The maximum MAXI drawdown since its inception was -43.68%, 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.
Volatility
MAXI vs. IBIT - Volatility Comparison
Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a higher volatility of 32.03% compared to iShares Bitcoin Trust (IBIT) at 17.52%. This indicates that MAXI's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.