QQQI vs. MAXI

Last updated Jun 21, 2026

QQQI (NEOS Nasdaq-100 High Income ETF) and MAXI (Simplify Bitcoin Strategy PLUS Income ETF) are both exchange-traded funds - QQQI is a Nasdaq-100 fund actively managed by Neos, while MAXI is a Cryptocurrency fund actively managed by Simplify. Both are actively managed. Over the past year, QQQI returned 29.61% vs -57.63% for MAXI. At a 0.50 correlation, their price movements are largely independent. QQQI charges 0.68%/yr vs 1.31%/yr for MAXI.

Performance

QQQI vs. MAXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Nasdaq-100 High Income ETF (QQQI) and Simplify Bitcoin Strategy PLUS Income ETF (MAXI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQI achieves a 13.07% return, which is significantly higher than MAXI's -35.86% return.

QQQI

• 1D: 1.98%
• 1M: 1.96%
• YTD: 13.07%
• 6M: 12.95%
• 1Y: 29.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAXI

• 1D: -1.94%
• 1M: -19.20%
• YTD: -35.86%
• 6M: -37.09%
• 1Y: -57.63%
• 3Y*: 10.98%
• 5Y*: —
• 10Y*: —

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

QQQI vs. MAXI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	13.07%	18.62%	19.44%
MAXI Simplify Bitcoin Strategy PLUS Income ETF	-35.86%	-28.59%	91.02%

Correlation

The correlation between QQQI and MAXI 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 30, 2024	0.50

The correlation between QQQI and MAXI has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.

Return for Risk

QQQI vs. MAXI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQI

QQQI Risk / Return Rank: 66
QQQI Sharpe Ratio Rank: 65
QQQI Sortino Ratio Rank: 59
QQQI Omega Ratio Rank: 67
QQQI Calmar Ratio Rank: 64
QQQI Martin Ratio Rank: 73

MAXI

MAXI Risk / Return Rank: 2
MAXI Sharpe Ratio Rank: 2
MAXI Sortino Ratio Rank: 2
MAXI Omega Ratio Rank: 2
MAXI Calmar Ratio Rank: 2
MAXI Martin Ratio Rank: 2

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.

QQQI vs. MAXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) 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.

	QQQI	MAXI	Difference
Sharpe ratio: Return per unit of total volatility	2.03	-0.90	+2.92
Sortino ratio: Return per unit of downside risk	2.68	-1.37	+4.06
Omega ratio: Gain probability vs. loss probability	1.38	0.85	+0.53
Calmar ratio: Return relative to maximum drawdown	3.06	-0.85	+3.90
Martin ratio: Return relative to average drawdown	13.12	-1.30	+14.41

QQQI vs. MAXI - Sharpe Ratio Comparison

The current QQQI Sharpe Ratio is 2.03, which is higher than the MAXI Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of QQQI and MAXI, 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

QQQI vs. MAXI - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, smaller than the maximum MAXI drawdown of -68.91%. Use the drawdown chart below to compare losses from any high point for QQQI and MAXI.

Drawdown Indicators

	QQQI	MAXI	Difference
Max Drawdown Largest peak-to-trough decline	-20.00%	-68.91%	+48.91%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-68.91%	+59.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-68.91%	—
Current Drawdown Current decline from peak	-0.49%	-67.49%	+67.00%
Average Drawdown Average peak-to-trough decline	-2.20%	-19.30%	+17.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	44.94%	-42.70%

Volatility

QQQI vs. MAXI - Volatility Comparison

The current volatility for NEOS Nasdaq-100 High Income ETF (QQQI) is 7.05%, while Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a volatility of 12.91%. This indicates that QQQI 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.

Volatility by Period

	QQQI	MAXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.05%	12.91%	-5.86%
Volatility (6M) Calculated over the trailing 6-month period	11.81%	44.45%	-32.64%
Volatility (1Y) Calculated over the trailing 1-year period	14.49%	65.18%	-50.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.45%	63.64%	-46.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.45%	63.64%	-46.19%

QQQI vs. MAXI - Expense Ratio Comparison

QQQI has a 0.68% expense ratio, which is lower than MAXI's 1.31% expense ratio.

Dividends

QQQI vs. MAXI - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 14.55%, less than MAXI's 68.81% yield.

Position	TTM	2025	2024	2023	2022
MAXI Simplify Bitcoin Strategy PLUS Income ETF	68.81%	49.00%	32.06%	29.63%	4.43%
QQQI NEOS Nasdaq-100 High Income ETF	14.55%	13.82%	12.85%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQI and MAXI in my portfolio?

QQQI and MAXI 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, QQQI or MAXI?

MAXI has higher volatility (12.91%) compared to QQQI (7.05%). In terms of maximum drawdown, QQQI dropped -20.00% vs MAXI's -68.91%.

Which ETF is better, QQQI or MAXI?

On 1-year performance, QQQI leads with 29.61% vs -57.63% for MAXI. On fees, QQQI is cheaper at 0.68% per year. On volatility, QQQI has been the lower-risk option at 7.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQI or MAXI?

Over the 1-year period, QQQI has performed better with a 29.61% return vs -57.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQI or MAXI?

QQQI is cheaper with a 0.68% expense ratio, compared with 1.31% for MAXI.

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

MAXI has the higher dividend yield at 68.81%, compared with 14.55% for QQQI.

What is the main difference between QQQI and MAXI?

QQQI is categorized as Nasdaq-100, while MAXI is Cryptocurrency. They also come from different issuers: Neos and Simplify. Their fees differ too: 0.68% for QQQI and 1.31% for MAXI.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (2.03 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.