MAXI vs. IBLC

Last updated Jun 4, 2026

MAXI (Simplify Bitcoin Strategy PLUS Income ETF) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds. MAXI is actively managed, while IBLC is passively managed. Over the past 3 years, MAXI returned 11.19%/yr vs 48.31%/yr for IBLC. A 0.71 correlation means they provide meaningful diversification when combined. MAXI charges 0.97%/yr vs 0.47%/yr for IBLC.

Performance

MAXI vs. IBLC - Performance Comparison

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

Returns By Period

In the year-to-date period, MAXI achieves a -33.46% return, which is significantly lower than IBLC's 32.34% return.

MAXI

• 1D: -2.93%
• 1M: -20.54%
• YTD: -33.46%
• 6M: -42.63%
• 1Y: -60.98%
• 3Y*: 11.19%
• 5Y*: —
• 10Y*: —

IBLC

• 1D: -3.00%
• 1M: 13.52%
• YTD: 32.34%
• 6M: 15.25%
• 1Y: 73.27%
• 3Y*: 48.31%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MAXI vs. IBLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MAXI Simplify Bitcoin Strategy PLUS Income ETF	-33.46%	-28.59%	92.92%	144.12%	-13.34%
IBLC iShares Blockchain and Tech ETF	32.34%	27.05%	18.58%	201.47%	-31.33%

Correlation

The correlation between MAXI and IBLC is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Oct 3, 2022	0.71

The correlation between MAXI and IBLC has been stable across timeframes, ranging from 0.70 to 0.72 - a consistent structural relationship.

MAXI vs. IBLC - Sectors Allocation Comparison

Sectors	MAXI	IBLC
Consumer Cyclical	100.0%	0.1%
Basic Materials	-	-
Communication Services	-	2.5%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	66.6%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	30.7%
Utilities	-	0.2%

Return for Risk

MAXI vs. IBLC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MAXI

MAXI Risk / Return Rank: 1
MAXI Sharpe Ratio Rank: 2
MAXI Sortino Ratio Rank: 1
MAXI Omega Ratio Rank: 2
MAXI Calmar Ratio Rank: 1
MAXI Martin Ratio Rank: 1

IBLC

IBLC Risk / Return Rank: 33
IBLC Sharpe Ratio Rank: 37
IBLC Sortino Ratio Rank: 36
IBLC Omega Ratio Rank: 33
IBLC Calmar Ratio Rank: 33
IBLC Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MAXI vs. IBLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and iShares Blockchain and Tech ETF (IBLC). 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	IBLC	Difference
Sharpe ratio: Return per unit of total volatility	-0.93	1.34	-2.27
Sortino ratio: Return per unit of downside risk	-1.49	1.92	-3.41
Omega ratio: Gain probability vs. loss probability	0.84	1.23	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.92	1.64	-2.55
Martin ratio: Return relative to average drawdown	-1.43	3.26	-4.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAXI vs. IBLC - Sharpe Ratio Comparison

The current MAXI Sharpe Ratio is -0.93, which is lower than the IBLC Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of MAXI and IBLC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MAXI	IBLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.93	1.34	-2.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.40	-0.09

Drawdowns

MAXI vs. IBLC - Drawdown Comparison

The maximum MAXI drawdown since its inception was -66.78%, which is greater than IBLC's maximum drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for MAXI and IBLC.

Drawdown Indicators

	MAXI	IBLC	Difference
Max Drawdown Largest peak-to-trough decline	-66.78%	-62.54%	-4.24%
Max Drawdown (1Y) Largest decline over 1 year	-66.78%	-44.94%	-21.84%
Max Drawdown (3Y) Largest decline over 3 years	-66.78%	-51.68%	-15.10%
Current Drawdown Current decline from peak	-66.27%	-12.99%	-53.28%
Average Drawdown Average peak-to-trough decline	-18.74%	-25.89%	+7.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.76%	22.56%	+20.20%

Volatility

MAXI vs. IBLC - Volatility Comparison

The current volatility for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) is 11.92%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 14.67%. This indicates that MAXI experiences smaller price fluctuations and is considered to be less risky than IBLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAXI	IBLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.92%	14.67%	-2.75%
Volatility (6M) Calculated over the trailing 6-month period	45.84%	40.76%	+5.08%
Volatility (1Y) Calculated over the trailing 1-year period	65.83%	54.94%	+10.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.81%	64.49%	-0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.81%	64.49%	-0.68%

MAXI vs. IBLC - Expense Ratio Comparison

MAXI has a 0.97% expense ratio, which is higher than IBLC's 0.47% expense ratio.

Dividends

MAXI vs. IBLC - Dividend Comparison

MAXI's dividend yield for the trailing twelve months is around 66.33%, more than IBLC's 4.77% yield.

Position	TTM	2025	2024	2023	2022
IBLC iShares Blockchain and Tech ETF	4.77%	6.31%	1.60%	1.79%	0.84%
MAXI Simplify Bitcoin Strategy PLUS Income ETF	66.33%	49.00%	32.06%	29.63%	4.43%

Frequently Asked Questions

Can I hold both MAXI and IBLC in my portfolio?

MAXI and IBLC have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAXI or IBLC?

IBLC has higher volatility (14.67%) compared to MAXI (11.92%). In terms of maximum drawdown, MAXI dropped -66.78% vs IBLC's -62.54%.

Which ETF is better, MAXI or IBLC?

On 3-year performance, IBLC leads with 48.31% vs 11.19% for MAXI. On fees, IBLC is cheaper at 0.47% per year. On volatility, MAXI has been the lower-risk option at 11.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAXI or IBLC?

Over the 3-year period, IBLC has performed better with a 48.31% return vs 11.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAXI or IBLC?

IBLC is cheaper with a 0.47% expense ratio, compared with 0.97% for MAXI.

Which ETF pays a higher dividend yield, MAXI or IBLC?

MAXI has the higher dividend yield at 66.33%, compared with 4.77% for IBLC.

What is the main difference between MAXI and IBLC?

They also come from different issuers: Simplify and iShares. Their fees differ too: 0.97% for MAXI and 0.47% for IBLC.

Which has better risk-adjusted returns?

IBLC currently has the higher Sharpe Ratio (1.34 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.