MSTI vs. MAXI
Compare and contrast key facts about Madison Short-Term Strategic Income ETF (MSTI) and Simplify Bitcoin Strategy PLUS Income ETF (MAXI).
MSTI and MAXI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSTI is an actively managed fund by Madison. It was launched on Sep 5, 2023. MAXI is an actively managed fund by Simplify. It was launched on Sep 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSTI or MAXI.
Correlation
The correlation between MSTI and MAXI is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MSTI vs. MAXI - Performance Comparison
Key characteristics
MSTI:
2.52
MAXI:
1.06
MSTI:
3.82
MAXI:
1.72
MSTI:
1.49
MAXI:
1.20
MSTI:
4.98
MAXI:
1.93
MSTI:
12.94
MAXI:
4.23
MSTI:
0.47%
MAXI:
15.76%
MSTI:
2.41%
MAXI:
62.87%
MSTI:
-1.47%
MAXI:
-34.54%
MSTI:
-0.10%
MAXI:
-17.94%
Returns By Period
In the year-to-date period, MSTI achieves a 0.73% return, which is significantly lower than MAXI's 1.11% return.
MSTI
0.73%
0.66%
1.86%
5.86%
N/A
N/A
MAXI
1.11%
-14.39%
53.32%
58.61%
N/A
N/A
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MSTI vs. MAXI - Expense Ratio Comparison
MSTI has a 0.40% expense ratio, which is lower than MAXI's 11.18% expense ratio.
Risk-Adjusted Performance
MSTI vs. MAXI — Risk-Adjusted Performance Rank
MSTI
MAXI
MSTI vs. MAXI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Short-Term Strategic Income ETF (MSTI) 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.
Dividends
MSTI vs. MAXI - Dividend Comparison
MSTI's dividend yield for the trailing twelve months is around 5.50%, less than MAXI's 31.87% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
MSTI Madison Short-Term Strategic Income ETF | 5.50% | 5.47% | 1.55% | 0.00% |
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 31.87% | 32.06% | 29.63% | 4.05% |
Drawdowns
MSTI vs. MAXI - Drawdown Comparison
The maximum MSTI drawdown since its inception was -1.47%, smaller than the maximum MAXI drawdown of -34.54%. Use the drawdown chart below to compare losses from any high point for MSTI and MAXI. For additional features, visit the drawdowns tool.
Volatility
MSTI vs. MAXI - Volatility Comparison
The current volatility for Madison Short-Term Strategic Income ETF (MSTI) is 0.76%, while Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a volatility of 15.41%. This indicates that MSTI 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.