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.
Key characteristics
| YBTC | MAXI | |
|---|---|---|
| Daily Std Dev | 45.21% | 57.41% |
| Max Drawdown | -23.17% | -34.54% |
| Current Drawdown | -11.72% | -24.85% |
Correlation
The correlation between YBTC and MAXI is 0.78, 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
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Not enough dataDividends
YBTC vs. MAXI - Dividend Comparison
YBTC's dividend yield for the trailing twelve months is around 36.55%, more than MAXI's 34.28% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 36.55% | 0.00% | 0.00% |
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 34.28% | 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 -34.54%. 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
Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and Simplify Bitcoin Strategy PLUS Income ETF (MAXI) have volatilities of 16.52% and 16.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.