MAXI vs. IEF
MAXI (Simplify Bitcoin Strategy PLUS Income ETF) and IEF (iShares 7-10 Year Treasury Bond ETF) are both exchange-traded funds - MAXI is a Cryptocurrency fund actively managed by Simplify, while IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. MAXI is actively managed, while IEF is passively managed. Over the past 3 years, MAXI returned 12.05%/yr vs 2.86%/yr for IEF. At a 0.03 correlation, their price movements are largely independent. MAXI charges 0.97%/yr vs 0.15%/yr for IEF.
Performance
MAXI vs. IEF - Performance Comparison
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Returns By Period
In the year-to-date period, MAXI achieves a -35.37% return, which is significantly lower than IEF's -0.47% return.
MAXI
- 1D
- -0.01%
- 1M
- -24.38%
- YTD
- -35.37%
- 6M
- -40.13%
- 1Y
- -60.40%
- 3Y*
- 12.05%
- 5Y*
- —
- 10Y*
- —
IEF
- 1D
- -0.17%
- 1M
- 1.05%
- YTD
- -0.47%
- 6M
- -0.18%
- 1Y
- 3.78%
- 3Y*
- 2.86%
- 5Y*
- -1.24%
- 10Y*
- 0.59%
MAXI vs. IEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | -35.37% | -28.59% | 92.92% | 144.12% | -13.34% |
IEF iShares 7-10 Year Treasury Bond ETF | -0.47% | 8.03% | -0.63% | 3.64% | 0.32% |
Correlation
The correlation between MAXI and IEF is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022 | 0.03 |
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Return for Risk
MAXI vs. IEF — Risk / Return Rank
MAXI
IEF
MAXI vs. IEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and iShares 7-10 Year Treasury Bond ETF (IEF). 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 | IEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.12 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 0.84 | -1.74 |
| Martin ratioReturn relative to average drawdown | -1.40 | 2.35 | -3.75 |
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Drawdowns
MAXI vs. IEF - Drawdown Comparison
The maximum MAXI drawdown since its inception was -68.91%, which is greater than IEF's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for MAXI and IEF.
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Drawdown Indicators
| MAXI | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.91% | -23.93% | -44.98% |
Max Drawdown (1Y)Largest decline over 1 year | -68.91% | -4.07% | -64.84% |
Max Drawdown (3Y)Largest decline over 3 years | -68.91% | -7.74% | -61.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.93% | — |
Current DrawdownCurrent decline from peak | -67.24% | -11.18% | -56.06% |
Average DrawdownAverage peak-to-trough decline | -19.09% | -5.35% | -13.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.17% | 1.45% | +42.72% |
Volatility
MAXI vs. IEF - Volatility Comparison
Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a higher volatility of 13.26% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.62%. This indicates that MAXI's price experiences larger fluctuations and is considered to be riskier than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAXI | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.26% | 1.62% | +11.64% |
Volatility (6M)Calculated over the trailing 6-month period | 45.02% | 3.42% | +41.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.30% | 4.72% | +60.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.71% | 7.71% | +56.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.71% | 6.63% | +57.08% |
MAXI vs. IEF - Expense Ratio Comparison
MAXI has a 0.97% expense ratio, which is higher than IEF's 0.15% expense ratio.
Dividends
MAXI vs. IEF - Dividend Comparison
MAXI's dividend yield for the trailing twelve months is around 68.29%, more than IEF's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | 3.89% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 68.29% | 49.00% | 32.06% | 29.63% | 4.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MAXI and IEF have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAXI has higher volatility (13.26%) compared to IEF (1.62%). In terms of maximum drawdown, MAXI dropped -68.91% vs IEF's -23.93%.
On 3-year performance, MAXI leads with 12.05% vs 2.86% for IEF. On fees, IEF is cheaper at 0.15% per year. On volatility, IEF has been the lower-risk option at 1.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MAXI has performed better with a 12.05% return vs 2.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEF is cheaper with a 0.15% expense ratio, compared with 0.97% for MAXI.
MAXI has the higher dividend yield at 68.29%, compared with 3.89% for IEF.
MAXI is categorized as Cryptocurrency, while IEF is Government Bonds. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.97% for MAXI and 0.15% for IEF.
IEF currently has the higher Sharpe Ratio (0.72 vs -0.95), 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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