MAXI vs. QQQI

Last updated Jun 4, 2026

MAXI (Simplify Bitcoin Strategy PLUS Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - MAXI is a Cryptocurrency fund actively managed by Simplify, while QQQI is a Nasdaq-100 fund actively managed by Neos. Both are actively managed. Over the past year, MAXI returned -60.98% vs 30.41% for QQQI. At a 0.49 correlation, their price movements are largely independent. MAXI charges 0.97%/yr vs 0.68%/yr for QQQI.

Performance

MAXI vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and NEOS Nasdaq-100 High Income ETF (QQQI). 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 QQQI's 13.43% return.

MAXI

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

QQQI

• 1D: -0.17%
• 1M: 6.91%
• YTD: 13.43%
• 6M: 12.92%
• 1Y: 30.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAXI vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAXI Simplify Bitcoin Strategy PLUS Income ETF	-33.46%	-28.59%	89.44%
QQQI NEOS Nasdaq-100 High Income ETF	13.43%	18.62%	19.83%

Correlation

The correlation between MAXI and QQQI is 0.57, 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	0.57
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024	0.49

The correlation between MAXI and QQQI has been stable across timeframes, ranging from 0.49 to 0.57 - a consistent structural relationship.

MAXI vs. QQQI - Sectors Allocation Comparison

Sectors	MAXI	QQQI
Consumer Cyclical	100.0%	12.1%
Basic Materials	-	1.2%
Communication Services	-	15.7%
Consumer Defensive	-	7.7%
Energy	-	0.7%
Financial Services	-	0.3%
Healthcare	-	4.3%
Industrials	-	3.3%
Real Estate	-	0.1%
Technology	-	53.3%
Utilities	-	1.5%

Return for Risk

MAXI vs. QQQI — 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

QQQI

QQQI Risk / Return Rank: 68
QQQI Sharpe Ratio Rank: 70
QQQI Sortino Ratio Rank: 66
QQQI Omega Ratio Rank: 70
QQQI Calmar Ratio Rank: 63
QQQI Martin Ratio Rank: 74

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. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and NEOS Nasdaq-100 High Income ETF (QQQI). 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	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	-0.93	2.35	-3.29
Sortino ratio: Return per unit of downside risk	-1.49	3.12	-4.61
Omega ratio: Gain probability vs. loss probability	0.84	1.43	-0.60
Calmar ratio: Return relative to maximum drawdown	-0.92	3.18	-4.09
Martin ratio: Return relative to average drawdown	-1.43	14.27	-15.70
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. QQQI - Sharpe Ratio Comparison

The current MAXI Sharpe Ratio is -0.93, which is lower than the QQQI Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of MAXI and QQQI, 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	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.93	2.35	-3.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	1.34	-1.02

Drawdowns

MAXI vs. QQQI - Drawdown Comparison

The maximum MAXI drawdown since its inception was -66.78%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for MAXI and QQQI.

Drawdown Indicators

	MAXI	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-66.78%	-20.00%	-46.78%
Max Drawdown (1Y) Largest decline over 1 year	-66.78%	-9.61%	-57.17%
Max Drawdown (3Y) Largest decline over 3 years	-66.78%	—	—
Current Drawdown Current decline from peak	-66.27%	-0.17%	-66.10%
Average Drawdown Average peak-to-trough decline	-18.74%	-2.20%	-16.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.76%	2.14%	+40.62%

Volatility

MAXI vs. QQQI - Volatility Comparison

Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a higher volatility of 11.92% compared to NEOS Nasdaq-100 High Income ETF (QQQI) at 2.68%. This indicates that MAXI's price experiences larger fluctuations and is considered to be riskier than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAXI	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.92%	2.68%	+9.24%
Volatility (6M) Calculated over the trailing 6-month period	45.84%	9.85%	+35.99%
Volatility (1Y) Calculated over the trailing 1-year period	65.83%	12.98%	+52.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.81%	17.07%	+46.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.81%	17.07%	+46.74%

MAXI vs. QQQI - Expense Ratio Comparison

MAXI has a 0.97% expense ratio, which is higher than QQQI's 0.68% expense ratio.

Dividends

MAXI vs. QQQI - Dividend Comparison

MAXI's dividend yield for the trailing twelve months is around 66.33%, more than QQQI's 13.19% yield.

Position	TTM	2025	2024	2023	2022
MAXI Simplify Bitcoin Strategy PLUS Income ETF	66.33%	49.00%	32.06%	29.63%	4.43%
QQQI NEOS Nasdaq-100 High Income ETF	13.19%	13.82%	12.85%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAXI and QQQI in my portfolio?

MAXI and QQQI have a correlation of 0.57, 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 QQQI?

MAXI has higher volatility (11.92%) compared to QQQI (2.68%). In terms of maximum drawdown, MAXI dropped -66.78% vs QQQI's -20.00%.

Which ETF is better, MAXI or QQQI?

On 1-year performance, QQQI leads with 30.41% vs -60.98% for MAXI. On fees, QQQI is cheaper at 0.68% per year. On volatility, QQQI has been the lower-risk option at 2.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAXI or QQQI?

Over the 1-year period, QQQI has performed better with a 30.41% return vs -60.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAXI or QQQI?

QQQI is cheaper with a 0.68% expense ratio, compared with 0.97% for MAXI.

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

MAXI has the higher dividend yield at 66.33%, compared with 13.19% for QQQI.

What is the main difference between MAXI and QQQI?

MAXI is categorized as Cryptocurrency, while QQQI is Nasdaq-100. They also come from different issuers: Simplify and Neos. Their fees differ too: 0.97% for MAXI and 0.68% for QQQI.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (2.35 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.