MAXI vs. QQQ

Last updated Jun 14, 2026

MAXI (Simplify Bitcoin Strategy PLUS Income ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - MAXI is a Cryptocurrency fund actively managed by Simplify, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. MAXI is actively managed, while QQQ is passively managed. Over the past 3 years, MAXI returned 12.05%/yr vs 26.43%/yr for QQQ. At a 0.43 correlation, their price movements are largely independent. MAXI charges 0.97%/yr vs 0.18%/yr for QQQ.

Performance

MAXI vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, MAXI achieves a -35.37% return, which is significantly lower than QQQ's 17.57% return.

MAXI

• 1D: -0.01%
• 1M: -20.85%
• YTD: -35.37%
• 6M: -40.13%
• 1Y: -60.40%
• 3Y*: 12.05%
• 5Y*: —
• 10Y*: —

QQQ

• 1D: 0.59%
• 1M: 1.75%
• YTD: 17.57%
• 6M: 17.85%
• 1Y: 37.55%
• 3Y*: 26.43%
• 5Y*: 16.85%
• 10Y*: 21.79%

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

MAXI vs. QQQ - 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%
QQQ Invesco QQQ ETF	17.57%	20.77%	25.58%	54.86%	-1.82%

Correlation

The correlation between MAXI and QQQ is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022	0.43

The correlation between MAXI and QQQ shifts across timeframes, from 0.43 (all time) to 0.59 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MAXI vs. QQQ — Risk / Return Rank

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

MAXI

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

QQQ

QQQ Risk / Return Rank: 71
QQQ Sharpe Ratio Rank: 75
QQQ Sortino Ratio Rank: 70
QQQ Omega Ratio Rank: 73
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 70

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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.95	2.09	-3.05
Sortino ratio: Return per unit of downside risk	-1.56	2.73	-4.29
Omega ratio: Gain probability vs. loss probability	0.83	1.37	-0.54
Calmar ratio: Return relative to maximum drawdown	-0.90	3.01	-3.91
Martin ratio: Return relative to average drawdown	-1.40	11.22	-12.63

MAXI vs. QQQ - Sharpe Ratio Comparison

The current MAXI Sharpe Ratio is -0.95, which is lower than the QQQ Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of MAXI and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MAXI vs. QQQ - Drawdown Comparison

The maximum MAXI drawdown since its inception was -68.91%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for MAXI and QQQ.

Drawdown Indicators

	MAXI	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-68.91%	-82.97%	+14.06%
Max Drawdown (1Y) Largest decline over 1 year	-68.91%	-11.96%	-56.95%
Max Drawdown (3Y) Largest decline over 3 years	-68.91%	-22.77%	-46.14%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-67.24%	-3.33%	-63.91%
Average Drawdown Average peak-to-trough decline	-19.09%	-32.75%	+13.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.17%	3.20%	+40.97%

Volatility

MAXI vs. QQQ - Volatility Comparison

Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a higher volatility of 13.26% compared to Invesco QQQ ETF (QQQ) at 7.56%. This indicates that MAXI's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAXI	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.26%	7.56%	+5.70%
Volatility (6M) Calculated over the trailing 6-month period	45.02%	13.81%	+31.21%
Volatility (1Y) Calculated over the trailing 1-year period	65.30%	17.19%	+48.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.71%	22.55%	+41.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.71%	22.38%	+41.33%

MAXI vs. QQQ - Expense Ratio Comparison

MAXI has a 0.97% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

MAXI vs. QQQ - Dividend Comparison

MAXI's dividend yield for the trailing twelve months is around 68.29%, more than QQQ's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
QQQ Invesco QQQ ETF	0.39%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both MAXI and QQQ in my portfolio?

MAXI and QQQ have a correlation of 0.59, 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 QQQ?

MAXI has higher volatility (13.26%) compared to QQQ (7.56%). In terms of maximum drawdown, MAXI dropped -68.91% vs QQQ's -82.97%.

Which ETF is better, MAXI or QQQ?

On 3-year performance, QQQ leads with 26.43% vs 12.05% for MAXI. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 7.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAXI or QQQ?

Over the 3-year period, QQQ has performed better with a 26.43% return vs 12.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAXI or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.97% for MAXI.

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

MAXI has the higher dividend yield at 68.29%, compared with 0.39% for QQQ.

What is the main difference between MAXI and QQQ?

MAXI is categorized as Cryptocurrency, while QQQ is Nasdaq-100. They also come from different issuers: Simplify and Invesco. Their fees differ too: 0.97% for MAXI and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.09 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.