MAXI vs. SBRA
MAXI (Simplify Bitcoin Strategy PLUS Income ETF) is Cryptocurrency fund actively managed by Simplify, while SBRA (Sabra Health Care REIT, Inc.) is a stock. Over the past 3 years, MAXI returned 10.98%/yr vs 23.82%/yr for SBRA. At a 0.08 correlation, their price movements are largely independent.
Performance
MAXI vs. SBRA - Performance Comparison
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Returns By Period
In the year-to-date period, MAXI achieves a -35.86% return, which is significantly lower than SBRA's -1.50% return.
MAXI
- 1D
- -1.94%
- 1M
- -19.20%
- YTD
- -35.86%
- 6M
- -37.09%
- 1Y
- -57.63%
- 3Y*
- 10.98%
- 5Y*
- —
- 10Y*
- —
SBRA
- 1D
- 0.39%
- 1M
- -12.55%
- YTD
- -1.50%
- 6M
- -0.18%
- 1Y
- 5.62%
- 3Y*
- 23.82%
- 5Y*
- 9.18%
- 10Y*
- 6.89%
MAXI vs. SBRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | -35.86% | -28.59% | 92.92% | 144.12% | -13.34% |
SBRA Sabra Health Care REIT, Inc. | -1.50% | 17.02% | 31.23% | 26.26% | -0.18% |
Correlation
The correlation between MAXI and SBRA is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022 | 0.08 |
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Return for Risk
MAXI vs. SBRA — Risk / Return Rank
MAXI
SBRA
MAXI vs. SBRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and Sabra Health Care REIT, Inc. (SBRA). 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 | SBRA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.06 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 0.34 | -1.19 |
| Martin ratioReturn relative to average drawdown | -1.30 | 1.10 | -2.39 |
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Drawdowns
MAXI vs. SBRA - Drawdown Comparison
The maximum MAXI drawdown since its inception was -68.91%, smaller than the maximum SBRA drawdown of -99.49%. Use the drawdown chart below to compare losses from any high point for MAXI and SBRA.
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Drawdown Indicators
| MAXI | SBRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.91% | -99.49% | +30.58% |
Max Drawdown (1Y)Largest decline over 1 year | -68.91% | -16.10% | -52.81% |
Max Drawdown (3Y)Largest decline over 3 years | -68.91% | -16.78% | -52.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.93% | — |
Current DrawdownCurrent decline from peak | -67.49% | -13.96% | -53.53% |
Average DrawdownAverage peak-to-trough decline | -19.30% | -37.68% | +18.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.94% | 4.97% | +39.97% |
Volatility
MAXI vs. SBRA - Volatility Comparison
Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a higher volatility of 12.91% compared to Sabra Health Care REIT, Inc. (SBRA) at 9.65%. This indicates that MAXI's price experiences larger fluctuations and is considered to be riskier than SBRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAXI | SBRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.91% | 9.65% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 44.45% | 16.23% | +28.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.18% | 20.95% | +44.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.64% | 26.99% | +36.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.64% | 36.46% | +27.18% |
Dividends
MAXI vs. SBRA - Dividend Comparison
MAXI's dividend yield for the trailing twelve months is around 68.81%, more than SBRA's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 68.81% | 49.00% | 32.06% | 29.63% | 4.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SBRA Sabra Health Care REIT, Inc. | 6.62% | 6.34% | 6.93% | 8.41% | 9.65% | 8.86% | 7.77% | 8.43% | 10.92% | 9.22% | 6.84% | 7.91% |
Frequently Asked Questions
MAXI and SBRA have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAXI has higher volatility (12.91%) compared to SBRA (9.65%). In terms of maximum drawdown, MAXI dropped -68.91% vs SBRA's -99.49%.
SBRA currently has the higher Sharpe Ratio (0.26 vs -0.90), 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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