MAXI vs. MQY
MAXI (Simplify Bitcoin Strategy PLUS Income ETF) and MQY (BlackRock MuniYield Quality Fund) are both funds - MAXI is a Cryptocurrency fund actively managed by Simplify, while MQY is a Municipal Bonds fund actively managed by BlackRock. Both are actively managed. Over the past 3 years, MAXI returned 8.54%/yr vs 6.05%/yr for MQY. At a 0.14 correlation, their price movements are largely independent. MAXI charges 1.31%/yr vs 2.07%/yr for MQY.
Performance
MAXI vs. MQY - Performance Comparison
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Returns By Period
In the year-to-date period, MAXI achieves a -31.58% return, which is significantly lower than MQY's 6.25% return.
MAXI
- 1D
- 0.61%
- 1M
- 1.35%
- 6M
- -41.43%
- YTD
- -31.58%
- 1Y
- -62.64%
- 3Y*
- 8.54%
- 5Y*
- —
- 10Y*
- —
MQY
- 1D
- 0.07%
- 1M
- 1.82%
- 6M
- 2.62%
- YTD
- 6.25%
- 1Y
- 12.15%
- 3Y*
- 6.05%
- 5Y*
- -1.90%
- 10Y*
- 1.56%
MAXI vs. MQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | -31.58% | -28.59% | 92.92% | 144.12% | -13.34% |
MQY BlackRock MuniYield Quality Fund | 6.25% | 4.28% | -0.06% | 10.20% | 6.20% |
Correlation
The correlation between MAXI and MQY is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022 | 0.14 |
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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.
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 | MQY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -3.78 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.24 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 1.50 | -2.40 |
| Martin ratioReturn relative to average drawdown | -1.30 | 4.81 | -6.11 |
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Drawdowns
MAXI vs. MQY - Drawdown Comparison
The maximum MAXI drawdown since its inception was -69.56%, 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 | -69.56% | -41.67% | -27.89% |
Max Drawdown (1Y)Largest decline over 1 year | -69.56% | -8.13% | -61.43% |
Max Drawdown (3Y)Largest decline over 3 years | -69.56% | -17.03% | -52.53% |
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 | -65.32% | -11.54% | -53.78% |
Average DrawdownAverage peak-to-trough decline | -20.16% | -8.30% | -11.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.22% | 2.54% | +45.68% |
Volatility
MAXI vs. MQY - Volatility Comparison
Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a higher volatility of 15.12% compared to BlackRock MuniYield Quality Fund (MQY) at 1.88%. 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 | 15.12% | 1.88% | +13.24% |
Volatility (6M)Calculated over the trailing 6-month period | 44.98% | 7.46% | +37.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.88% | 9.41% | +55.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.47% | 12.22% | +51.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.47% | 13.02% | +50.45% |
MAXI vs. MQY - Expense Ratio Comparison
MAXI has a 1.31% expense ratio, which is lower than MQY's 2.07% expense ratio.
Dividends
MAXI vs. MQY - Dividend Comparison
MAXI's dividend yield for the trailing twelve months is around 62.26%, more than MQY's 6.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 62.26% | 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 | 6.01% | 6.16% | 6.04% | 4.46% | 5.87% | 4.93% | 4.21% | 4.00% | 5.24% | 5.67% | 6.10% | 6.06% |
Frequently Asked Questions
MAXI and MQY have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAXI has higher volatility (15.12%) compared to MQY (1.88%). In terms of maximum drawdown, MAXI dropped -69.56% vs MQY's -41.67%.
MQY currently has the higher Sharpe Ratio (1.30 vs -0.97), 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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