UNH vs. MAXI
UNH (UnitedHealth Group Incorporated) is a stock, while MAXI (Simplify Bitcoin Strategy PLUS Income ETF) is Cryptocurrency fund actively managed by Simplify. Over the past 3 years, UNH returned -2.42%/yr vs 10.98%/yr for MAXI. At a 0.07 correlation, their price movements are largely independent.
Performance
UNH vs. MAXI - Performance Comparison
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Returns By Period
In the year-to-date period, UNH achieves a 23.11% return, which is significantly higher than MAXI's -35.86% return.
UNH
- 1D
- 0.36%
- 1M
- 3.80%
- YTD
- 23.11%
- 6M
- 24.12%
- 1Y
- 36.32%
- 3Y*
- -2.42%
- 5Y*
- 2.37%
- 10Y*
- 13.06%
MAXI
- 1D
- -1.94%
- 1M
- -19.20%
- YTD
- -35.86%
- 6M
- -37.09%
- 1Y
- -57.63%
- 3Y*
- 10.98%
- 5Y*
- —
- 10Y*
- —
UNH vs. MAXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UNH UnitedHealth Group Incorporated | 23.11% | -33.14% | -2.41% | 0.80% | 4.52% |
MAXI Simplify Bitcoin Strategy PLUS Income ETF | -35.86% | -28.59% | 92.92% | 144.12% | -13.34% |
Correlation
The correlation between UNH 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 | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022 | 0.07 |
The correlation between UNH and MAXI shifts across timeframes, from 0.06 (3 years) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UNH vs. MAXI — Risk / Return Rank
UNH
MAXI
UNH vs. MAXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UnitedHealth Group Incorporated (UNH) 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.
| UNH | MAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.85 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | -0.85 | +2.03 |
| Martin ratioReturn relative to average drawdown | 2.59 | -1.30 | +3.88 |
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Drawdowns
UNH vs. MAXI - Drawdown Comparison
The maximum UNH drawdown since its inception was -74.37%, which is greater than MAXI's maximum drawdown of -68.91%. Use the drawdown chart below to compare losses from any high point for UNH and MAXI.
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Drawdown Indicators
| UNH | MAXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.37% | -68.91% | -5.46% |
Max Drawdown (1Y)Largest decline over 1 year | -28.96% | -68.91% | +39.95% |
Max Drawdown (3Y)Largest decline over 3 years | -61.39% | -68.91% | +7.52% |
Max Drawdown (5Y)Largest decline over 5 years | -61.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -61.39% | — | — |
Current DrawdownCurrent decline from peak | -33.15% | -67.49% | +34.34% |
Average DrawdownAverage peak-to-trough decline | -14.78% | -19.30% | +4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.17% | 44.94% | -31.77% |
Volatility
UNH vs. MAXI - Volatility Comparison
The current volatility for UnitedHealth Group Incorporated (UNH) is 7.81%, while Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a volatility of 12.91%. This indicates that UNH 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
| UNH | MAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.81% | 12.91% | -5.10% |
Volatility (6M)Calculated over the trailing 6-month period | 30.77% | 44.45% | -13.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.05% | 65.18% | -25.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.89% | 63.64% | -31.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.19% | 63.64% | -33.45% |
Dividends
UNH vs. MAXI - Dividend Comparison
UNH's dividend yield for the trailing twelve months is around 2.23%, less than MAXI's 68.81% 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% |
UNH UnitedHealth Group Incorporated | 2.23% | 2.64% | 1.62% | 1.38% | 1.21% | 1.12% | 1.38% | 1.41% | 1.38% | 1.30% | 1.48% | 1.59% |
Frequently Asked Questions
UNH 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 (12.91%) compared to UNH (7.81%). In terms of maximum drawdown, UNH dropped -74.37% vs MAXI's -68.91%.
UNH currently has the higher Sharpe Ratio (0.85 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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