YBTC vs. MAXI
Compare and contrast key facts about Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and Simplify Bitcoin Strategy PLUS Income ETF (MAXI).
YBTC and MAXI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YBTC is an actively managed fund by Roundhill. It was launched on Jan 17, 2024. 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: YBTC or MAXI.
Correlation
The correlation between YBTC and MAXI is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
YBTC vs. MAXI - Performance Comparison
Key characteristics
YBTC:
0.34
MAXI:
-0.14
YBTC:
0.78
MAXI:
0.27
YBTC:
1.09
MAXI:
1.03
YBTC:
0.67
MAXI:
-0.21
YBTC:
1.46
MAXI:
-0.49
YBTC:
10.55%
MAXI:
18.45%
YBTC:
45.21%
MAXI:
66.30%
YBTC:
-23.17%
MAXI:
-43.68%
YBTC:
-18.38%
MAXI:
-42.02%
Returns By Period
In the year-to-date period, YBTC achieves a -8.31% return, which is significantly higher than MAXI's -28.56% return.
YBTC
-8.31%
-2.59%
19.62%
11.89%
N/A
N/A
MAXI
-28.56%
-18.36%
2.83%
-12.47%
N/A
N/A
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YBTC vs. MAXI - Expense Ratio Comparison
YBTC has a 0.95% expense ratio, which is lower than MAXI's 11.18% expense ratio.
Risk-Adjusted Performance
YBTC vs. MAXI — Risk-Adjusted Performance Rank
YBTC
MAXI
YBTC vs. MAXI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) 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
YBTC vs. MAXI - Dividend Comparison
YBTC's dividend yield for the trailing twelve months is around 52.03%, more than MAXI's 44.96% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 52.03% | 44.53% | 0.00% | 0.00% |
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 44.96% | 32.06% | 29.63% | 4.05% |
Drawdowns
YBTC vs. MAXI - Drawdown Comparison
The maximum YBTC drawdown since its inception was -23.17%, smaller than the maximum MAXI drawdown of -43.68%. Use the drawdown chart below to compare losses from any high point for YBTC and MAXI. For additional features, visit the drawdowns tool.
Volatility
YBTC vs. MAXI - Volatility Comparison
The current volatility for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is 15.39%, while Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a volatility of 32.03%. This indicates that YBTC 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.