MAXI vs SCHD
Simplify Bitcoin Strategy ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | MAXI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.31% | 0.06% | |
| AUM | $24M | $108.7B | |
| Dividend Yield | 52.01% | 3.13% | |
| Holdings | 14 | 104 | |
| YTD Return | -6.53% | +27.93% | |
| 1Y Return | -43.07% | +30.06% | |
| 3Y Return (annualized) | +23.85% | +16.25% | |
| 5Y Return (annualized) | - | +10.03% | |
| Volatility (annualized) | 64.2% | 13.6% | |
| Max Drawdown | -69.8% | -33.4% | |
| Fund Family | Simplify Exchange Traded Funds | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Sep 29, 2022 | Oct 20, 2011 |
MAXI vs SCHD Performance
Simplify Bitcoin Strategy ETF (MAXI) is a ETF from Simplify Exchange Traded Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MAXI returned -43.07% while SCHD returned +30.06%. Year to date, MAXI is down 6.53% versus a gain of 27.93% for SCHD.
Over three years, MAXI compounded at +23.85% per year against +16.25% for SCHD. Across the full 4-year window we track, MAXI has the edge at +29.06% annualized vs +11.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MAXI has been the more volatile fund, with annualized monthly volatility of 64.2% compared with 13.6% for SCHD. 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 -69.8% for MAXI and -33.4% for SCHD. 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 0.03. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MAXI charges 1.31% per year while SCHD charges 0.06%. On a $10,000 position that is $131 vs $6 annually, a gap of $125 per year that compounds over a long holding period. On income, MAXI currently yields 52.01% against 3.13% for SCHD.
Holdings Overlap
MAXI and SCHD share 0 holdings out of 101 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, MAXI or SCHD?
MAXI has an expense ratio of 1.31% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $125 per year of difference.
Which performed better, MAXI or SCHD?
Over the past year MAXI returned -43.07% vs +30.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), MAXI annualized +29.06% vs +11.56% for SCHD. Past performance does not guarantee future results.
Which is riskier, MAXI or SCHD?
MAXI has been the more volatile fund at 64.2% annualized versus 13.6% for SCHD. Worst drawdown: MAXI -69.8% vs SCHD -33.4%.
Should I hold both MAXI and SCHD?
MAXI and SCHD have a monthly-return correlation of 0.03, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MAXI and SCHD?
MAXI and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, MAXI or SCHD?
MAXI yields 52.01% while SCHD yields 3.13%, so MAXI currently pays the higher dividend yield.
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