IVV vs MAXI
iShares Core S&P 500 ETF vs Simplify Bitcoin Strategy ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | MAXI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.31% | |
| AUM | $865.2B | $26M | |
| Dividend Yield | 1.09% | 67.57% | |
| Holdings | 508 | 11 | |
| YTD Return | +13.80% | -35.96% | |
| 1Y Return | +23.70% | -63.92% | |
| 3Y Return (annualized) | +21.49% | +6.22% | |
| 5Y Return (annualized) | +13.43% | - | |
| Volatility (annualized) | 15.1% | 59.0% | |
| Max Drawdown | -56.5% | -69.8% | |
| Fund Family | iShares by BlackRock (US) | Simplify Exchange Traded Funds | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Sep 29, 2022 |
IVV vs MAXI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Simplify Bitcoin Strategy ETF (MAXI) is a ETF from Simplify Exchange Traded Funds. Over the past year IVV returned +23.70% while MAXI returned -63.92%. Year to date, IVV is up 13.80% versus a loss of 35.96% for MAXI.
Over three years, IVV compounded at +21.49% per year against +6.22% for MAXI. Across the full 4-year window we track, MAXI has the edge at +17.44% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MAXI has been the more volatile fund, with annualized monthly volatility of 59.0% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -69.8% for MAXI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MAXI charges 1.31%. On a $10,000 position that is $3 vs $131 annually, a gap of $128 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 67.57% for MAXI.
Holdings Overlap
IVV and MAXI share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or MAXI?
IVV has an expense ratio of 0.03% while MAXI charges 1.31%. IVV is the cheaper option. On a $10,000 investment, that is $128 per year of difference.
Which performed better, IVV or MAXI?
Over the past year IVV returned +23.70% vs -63.92% for MAXI, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.05% vs +17.44% for MAXI. Past performance does not guarantee future results.
Which is riskier, IVV or MAXI?
MAXI has been the more volatile fund at 59.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MAXI -69.8%.
Should I hold both IVV and MAXI?
IVV and MAXI have a monthly-return correlation of 0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MAXI?
IVV and MAXI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or MAXI?
IVV yields 1.09% while MAXI yields 67.57%, so MAXI currently pays the higher dividend yield.
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