MAXI vs SPY
Simplify Bitcoin Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MAXI or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. MAXI led over 3Y and the full window, SPY over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MAXI | SPY |
|---|---|---|
| Expense Ratio | 1.31% | 0.09%Best |
| AUM | $34M | $804.7B |
| Dividend Yield | 27.59% | 0.98% |
| Holdings | 14 | 505 |
| YTD Return | +2.77% | +12.09%Best |
| 1Y Return | -41.02% | +16.29%Best |
| 3Y Return (annualized) | +28.91%Best | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 64.9% | 13.2%Best |
| Max Drawdown | -69.8% | -18.8%Best |
| $10,000 over 4 years | $30,085Best | $22,556 |
| Fund Family | Simplify Exchange Traded Funds | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Sep 29, 2022 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Sep 30, 2022 to Sep 18, 2026 (4 years).
MAXI vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4 years both funds cover.
MAXI vs SPY Performance
Simplify Bitcoin Strategy ETF (MAXI) is an ETF from Simplify Exchange Traded Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MAXI returned -41.02% while SPY returned +16.29%. Year to date, MAXI is up 2.77% versus a gain of 12.09% for SPY.
Over three years, MAXI compounded at +28.91% per year against +21.20% for SPY. Across the full 4-year window we track, MAXI has the edge at +31.70% annualized vs +22.55%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MAXI has been the more volatile fund, with annualized monthly volatility of 64.9% compared with 13.2% for SPY. 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.37. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MAXI charges 1.31% per year while SPY charges 0.09%. On a $10,000 position that is $131 vs $9 annually, a gap of $122 per year that compounds over a long holding period. On income, MAXI currently yields 27.59% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in MAXI and 504 in SPY, totalling 45.5% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in MAXI and 504 in SPY, against full books of 14 and 505.
You are not choosing between two funds in isolation.
Whichever of MAXI and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MAXI or SPY?
MAXI has an expense ratio of 1.31% while SPY charges 0.09%. SPY is the cheaper option, by $122 a year on a $10,000 investment.
Which performed better, MAXI or SPY?
Over the past year MAXI returned -41.02% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), MAXI annualized +31.70% vs +22.55% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MAXI or SPY?
MAXI has been the more volatile fund at 64.9% annualized versus 13.2% for SPY. Worst drawdown: MAXI -69.8% vs SPY -18.8%.
Should I hold both MAXI and SPY?
MAXI and SPY have a monthly-return correlation of 0.37, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MAXI or SPY?
MAXI yields 27.59% while SPY yields 0.98%, so MAXI currently pays the higher dividend yield.
Is SPY better than MAXI?
SPY has a lower expense ratio. MAXI led over 3Y and the full window, SPY over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.