MQY vs. MAXI
MQY (BlackRock MuniYield Quality Fund) and MAXI (Simplify Bitcoin Strategy PLUS Income ETF) are both funds - MQY is a Municipal Bonds fund actively managed by BlackRock, while MAXI is a Cryptocurrency fund actively managed by Simplify. Both are actively managed. Over the past 3 years, MQY returned 6.00%/yr vs 4.54%/yr for MAXI. At a 0.13 correlation, their price movements are largely independent. MQY charges 2.07%/yr vs 1.31%/yr for MAXI.
Performance
MQY vs. MAXI - Performance Comparison
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Returns By Period
In the year-to-date period, MQY achieves a 4.72% return, which is significantly higher than MAXI's -36.54% return.
MQY
- 1D
- 0.35%
- 1M
- 3.39%
- YTD
- 4.72%
- 6M
- 5.37%
- 1Y
- 11.21%
- 3Y*
- 6.00%
- 5Y*
- -2.18%
- 10Y*
- 1.38%
MAXI
- 1D
- -2.03%
- 1M
- -18.19%
- YTD
- -36.54%
- 6M
- -38.44%
- 1Y
- -58.58%
- 3Y*
- 4.54%
- 5Y*
- —
- 10Y*
- —
MQY vs. MAXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MQY BlackRock MuniYield Quality Fund | 4.72% | 4.28% | -0.06% | 10.20% | 6.20% |
MAXI Simplify Bitcoin Strategy PLUS Income ETF | -36.54% | -28.59% | 92.92% | 144.12% | -13.34% |
Correlation
The correlation between MQY and MAXI 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 | 0.13 |
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Return for Risk
MQY vs. MAXI — Risk / Return Rank
MQY
MAXI
MQY vs. MAXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield Quality Fund (MQY) and Simplify Bitcoin Strategy PLUS Income ETF (MAXI). 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.
| MQY | MAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.09 | ||
| Sortino ratioReturn per unit of downside risk | +3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.85 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | -0.85 | +2.24 |
| Martin ratioReturn relative to average drawdown | 4.30 | -1.29 | +5.60 |
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Drawdowns
MQY vs. MAXI - Drawdown Comparison
The maximum MQY drawdown since its inception was -41.67%, smaller than the maximum MAXI drawdown of -68.91%. Use the drawdown chart below to compare losses from any high point for MQY and MAXI.
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Drawdown Indicators
| MQY | MAXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.67% | -68.91% | +27.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -68.91% | +60.78% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -68.91% | +51.88% |
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 | -12.82% | -67.83% | +55.01% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -19.40% | +11.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 45.34% | -42.73% |
Volatility
MQY vs. MAXI - Volatility Comparison
The current volatility for BlackRock MuniYield Quality Fund (MQY) is 2.86%, while Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a volatility of 12.84%. This indicates that MQY experiences smaller price fluctuations and is considered to be less risky than MAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MQY | MAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 12.84% | -9.98% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 44.35% | -36.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.44% | 65.16% | -55.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.21% | 63.58% | -51.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.04% | 63.58% | -50.54% |
MQY vs. MAXI - Expense Ratio Comparison
MQY has a 2.07% expense ratio, which is higher than MAXI's 1.31% expense ratio.
Dividends
MQY vs. MAXI - Dividend Comparison
MQY's dividend yield for the trailing twelve months is around 6.06%, less than MAXI's 69.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 69.54% | 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 | 6.06% | 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
MQY and MAXI 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 (12.84%) compared to MQY (2.86%). In terms of maximum drawdown, MQY dropped -41.67% vs MAXI's -68.91%.
MQY currently has the higher Sharpe Ratio (1.19 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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