MAXI vs SCHD
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 100 holdings.
Side-by-Side Comparison
| Metric | MAXI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.31% | 0.06% | |
| AUM | $26M | $103.7B | |
| Dividend Yield | 67.57% | 3.31% | |
| Holdings | 11 | 104 | |
| YTD Return | -35.96% | +24.26% | |
| 1Y Return | -63.92% | +31.38% | |
| 3Y Return (annualized) | +6.22% | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 59.0% | 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 -63.92% while SCHD returned +31.38%. Year to date, MAXI is down 35.96% versus a gain of 24.26% for SCHD.
Over three years, MAXI compounded at +6.22% per year against +15.08% for SCHD. Across the full 4-year window we track, MAXI has the edge at +17.44% annualized vs +11.39%. 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 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 -0.01. 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 67.57% against 3.31% 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 -63.92% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), MAXI annualized +17.44% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, MAXI or SCHD?
MAXI has been the more volatile fund at 59.0% 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 -0.01, 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 67.57% while SCHD yields 3.31%, so MAXI currently pays the higher dividend yield.
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