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ETFs

Simplify Exchange Traded Funds Simplify Bitcoin Strategy PLUS Income ETF

MAXI
$--
Today’s Change
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Snapshot
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Inception Date
Sep 29 2022
Expense Ratio
0.97%
Type
Global Diversified
Fund Owner
Simplify ETF
Volume (1m avg. daily)
$46,450
AUM
$21,988,815
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

B 10/03/23 Govt
B 10/03/23 Govt
334.91%
B 0 12/28/23
B 12/21/23 Govt
55.02%
B 0 12/19/23
B 12/19/23 Govt
25.50%
n/a
Cash
10.08%
B 0 11/09/23
B 11/09/23 Govt
2.70%
n/a
SPXW US 10/06/23 P4000 Index
0.11%
n/a
TLT US 10/06/23 P83 Equity
0.02%
n/a
TLT US 10/06/23 P87 Equity
-0.06%
n/a
SPXW US 10/06/23 P4200 Index
-0.45%
n/a
Derivatives offset
-99.24%
Invest with MAXI

What is MAXI?

The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) seeks capital gains and income by providing investors with exposure to bitcoin while simultaneously generating income by selling short-dated put or call spreads on the most liquid global equity indices. The fund is designed to be a capital efficient way to simultaneously invest in bitcoin and potentially generate significant income. The fund can also be viewed as bitcoin exposure with a downside buffer, by virtue of the padding the income may create to any bitcoin drawdowns.

ETFs related toMAXI

ETFs correlated to MAXI include BTF, BITO, BITX

MAXI
Simplify Exchange Traded Funds - Simplify Bitcoin Strategy PLUS Income ETF
BTF
Valkyrie ETF Trust II - Valkyrie Bitcoin Strategy ETF
BITO
ProShares Trust - ProShares Bitcoin Strategy ETF
BITX
Volatility Shares Trust - 2x Bitcoin Strategy ETF
WGMI
Valkyrie ETF Trust II - Valkyrie Bitcoin Miners ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
BKCH
Global X Funds - Global X Blockchain ETF
FDIG
Fidelity Covington Trust - Fidelity Crypto Industry and Digital Payments ETF
CONY
Tidal Trust II - YieldMax COIN Option Income Strategy ETF
CONL
GraniteShares ETF Trust - GraniteShares 1.5x Long Coinbase Daily ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMAXI

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#LSPC

Lever up S&P with a Commodity Hedge

Category

Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Moderate

Create your own algorithmic trading strategy with MAXI using Composer

FAQ

MAXI is a Global Diversified ETF. The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) seeks capital gains and income by providing investors with exposure to bitcoin while simultaneously generating income by selling short-dated put or call spreads on the most liquid global equity indices. The fund is designed to be a capital efficient way to simultaneously invest in bitcoin and potentially generate significant income. The fund can also be viewed as bitcoin exposure with a downside buffer, by virtue of the padding the income may create to any bitcoin drawdowns.

Yes, MAXI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, MAXI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MAXI is 0.0213%. This is the percent change in the value of MAXI over the most recent 1-month period. The 3-month return on MAXI is -0.1382%. This is the percent change in the value of MAXI over the most recent 3-month period.

ETFs similar to MAXI include AOR, DRSK, and RLY.

ETFs correlated to MAXI include BTF, BITO, and BITX.

ETFs that are inversely correlated to MAXI include BITI, SARK, and FNGD.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.