MAXI vs. YGLD

Last updated Jun 26, 2026

MAXI (Simplify Bitcoin Strategy PLUS Income ETF) and YGLD (Simplify Gold Strategy PLUS Income ETF) are both exchange-traded funds - MAXI is a Cryptocurrency fund actively managed by Simplify, while YGLD is a Gold fund actively managed by Simplify. Both are actively managed. Over the past year, MAXI returned -62.78% vs 8.78% for YGLD. At a 0.28 correlation, their price movements are largely independent. MAXI charges 1.31%/yr vs 0.50%/yr for YGLD.

Performance

MAXI vs. YGLD - Performance Comparison

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

Returns By Period

In the year-to-date period, MAXI achieves a -39.38% return, which is significantly lower than YGLD's -19.85% return.

MAXI

• 1D: -1.09%
• 1M: -21.90%
• YTD: -39.38%
• 6M: -40.92%
• 1Y: -62.78%
• 3Y*: 3.86%
• 5Y*: —
• 10Y*: —

YGLD

• 1D: 1.11%
• 1M: -15.35%
• YTD: -19.85%
• 6M: -25.69%
• 1Y: 8.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAXI vs. YGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAXI Simplify Bitcoin Strategy PLUS Income ETF	-39.38%	-28.59%	-6.10%
YGLD Simplify Gold Strategy PLUS Income ETF	-19.85%	96.82%	-4.26%

Correlation

The correlation between MAXI and YGLD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.28

Return for Risk

MAXI vs. YGLD — 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

YGLD

YGLD Risk / Return Rank: 12
YGLD Sharpe Ratio Rank: 12
YGLD Sortino Ratio Rank: 13
YGLD Omega Ratio Rank: 13
YGLD Calmar Ratio Rank: 11
YGLD Martin Ratio Rank: 11

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. YGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and Simplify Gold Strategy PLUS Income ETF (YGLD). 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	YGLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.97	0.21	-1.18
Sortino ratio: Return per unit of downside risk	-1.61	0.55	-2.16
Omega ratio: Gain probability vs. loss probability	0.82	1.08	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.91	0.21	-1.11
Martin ratio: Return relative to average drawdown	-1.37	0.50	-1.88

MAXI vs. YGLD - Sharpe Ratio Comparison

The current MAXI Sharpe Ratio is -0.97, which is lower than the YGLD Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of MAXI and YGLD, 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. YGLD - Drawdown Comparison

The maximum MAXI drawdown since its inception was -69.27%, which is greater than YGLD's maximum drawdown of -42.80%. Use the drawdown chart below to compare losses from any high point for MAXI and YGLD.

Drawdown Indicators

	MAXI	YGLD	Difference
Max Drawdown Largest peak-to-trough decline	-69.27%	-42.80%	-26.47%
Max Drawdown (1Y) Largest decline over 1 year	-69.27%	-42.80%	-26.47%
Max Drawdown (3Y) Largest decline over 3 years	-69.27%	—	—
Current Drawdown Current decline from peak	-69.27%	-42.16%	-27.11%
Average Drawdown Average peak-to-trough decline	-19.51%	-9.04%	-10.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.76%	17.49%	+28.27%

Volatility

MAXI vs. YGLD - Volatility Comparison

Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and Simplify Gold Strategy PLUS Income ETF (YGLD) have volatilities of 12.96% and 12.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAXI	YGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.96%	12.67%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	44.07%	36.46%	+7.61%
Volatility (1Y) Calculated over the trailing 1-year period	65.11%	41.89%	+23.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.54%	39.56%	+23.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.54%	39.56%	+23.98%

MAXI vs. YGLD - Expense Ratio Comparison

MAXI has a 1.31% expense ratio, which is higher than YGLD's 0.50% expense ratio.

Dividends

MAXI vs. YGLD - Dividend Comparison

MAXI's dividend yield for the trailing twelve months is around 70.27%, more than YGLD's 21.76% yield.

Position	TTM	2025	2024	2023	2022
MAXI Simplify Bitcoin Strategy PLUS Income ETF	70.27%	49.00%	32.06%	29.63%	4.43%
YGLD Simplify Gold Strategy PLUS Income ETF	21.76%	12.05%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAXI and YGLD in my portfolio?

MAXI and YGLD have a correlation of 0.34, 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 YGLD?

MAXI has higher volatility (12.96%) compared to YGLD (12.67%). In terms of maximum drawdown, MAXI dropped -69.27% vs YGLD's -42.80%.

Which ETF is better, MAXI or YGLD?

On 1-year performance, YGLD leads with 8.78% vs -62.78% for MAXI. On fees, YGLD is cheaper at 0.50% per year. On volatility, YGLD has been the lower-risk option at 12.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAXI or YGLD?

Over the 1-year period, YGLD has performed better with a 8.78% return vs -62.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAXI or YGLD?

YGLD is cheaper with a 0.50% expense ratio, compared with 1.31% for MAXI.

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

MAXI has the higher dividend yield at 70.27%, compared with 21.76% for YGLD.

What is the main difference between MAXI and YGLD?

MAXI is categorized as Cryptocurrency, while YGLD is Gold. Their fees differ too: 1.31% for MAXI and 0.50% for YGLD.

Which has better risk-adjusted returns?

YGLD currently has the higher Sharpe Ratio (0.21 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.