MAXI vs. MQY
Compare and contrast key facts about Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and BlackRock MuniYield Quality Fund (MQY).
MAXI is an actively managed fund by Simplify. It was launched on Sep 29, 2022. MQY is an actively managed fund by BlackRock. It was launched on Jul 21, 1992.
Performance
MAXI vs. MQY - Performance Comparison
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MAXI vs. MQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | -32.46% | -28.59% | 92.92% | 144.12% | -13.34% |
MQY BlackRock MuniYield Quality Fund | -0.46% | 4.28% | -0.06% | 10.20% | 6.30% |
Returns By Period
In the year-to-date period, MAXI achieves a -32.46% return, which is significantly lower than MQY's -0.46% return.
MAXI
- 1D
- 0.62%
- 1M
- -7.29%
- YTD
- -32.46%
- 6M
- -61.88%
- 1Y
- -39.58%
- 3Y*
- 10.37%
- 5Y*
- —
- 10Y*
- —
MQY
- 1D
- 0.91%
- 1M
- -5.94%
- YTD
- -0.46%
- 6M
- -2.48%
- 1Y
- -0.41%
- 3Y*
- 3.46%
- 5Y*
- -1.89%
- 10Y*
- 1.33%
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MAXI vs. MQY - Expense Ratio Comparison
MAXI has a 11.18% expense ratio, which is higher than MQY's 2.07% expense ratio.
Return for Risk
MAXI vs. MQY — Risk / Return Rank
MAXI
MQY
MAXI vs. MQY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and BlackRock MuniYield Quality Fund (MQY). 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 | MQY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.52 | -0.04 | -0.48 |
Sortino ratioReturn per unit of downside risk | -0.40 | 0.02 | -0.42 |
Omega ratioGain probability vs. loss probability | 0.95 | 1.00 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.55 | 0.06 | -0.61 |
Martin ratioReturn relative to average drawdown | -1.04 | 0.15 | -1.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAXI | MQY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.52 | -0.04 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.16 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.35 | -0.01 |
Correlation
The correlation between MAXI and MQY is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MAXI vs. MQY - Dividend Comparison
MAXI's dividend yield for the trailing twelve months is around 70.44%, more than MQY's 6.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 70.44% | 49.00% | 32.06% | 29.63% | 4.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MQY BlackRock MuniYield Quality Fund | 6.28% | 6.16% | 6.04% | 4.46% | 5.87% | 4.93% | 4.21% | 4.00% | 5.24% | 5.67% | 6.10% | 6.06% |
Drawdowns
MAXI vs. MQY - Drawdown Comparison
The maximum MAXI drawdown since its inception was -66.78%, which is greater than MQY's maximum drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for MAXI and MQY.
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Drawdown Indicators
| MAXI | MQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.78% | -41.67% | -25.11% |
Max Drawdown (1Y)Largest decline over 1 year | -66.78% | -9.35% | -57.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.97% | — |
Current DrawdownCurrent decline from peak | -65.76% | -17.13% | -48.63% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -8.25% | -8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.97% | 4.17% | +30.80% |
Volatility
MAXI vs. MQY - Volatility Comparison
Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a higher volatility of 17.90% compared to BlackRock MuniYield Quality Fund (MQY) at 3.41%. This indicates that MAXI's price experiences larger fluctuations and is considered to be riskier than MQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAXI | MQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.90% | 3.41% | +14.49% |
Volatility (6M)Calculated over the trailing 6-month period | 53.79% | 6.04% | +47.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.39% | 10.99% | +65.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.47% | 12.06% | +52.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.47% | 13.00% | +51.47% |