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CDX vs MAXI

Simplify High Yield ETF vs Simplify Bitcoin Strategy ETF

CDX

Simplify High Yield ETF

Annual cost

0.25%

Fund size

$407M

MAXI

Simplify Bitcoin Strategy ETF

Annual cost

1.31%

Fund size

$31M

Key differences

Both CDX and MAXI are alternative ETFs. CDX charges 0.25% a year and MAXI 1.31%. The main difference: CDX follows a multi strategy strategy; MAXI uses option income.

  • CDX follows a multi strategy strategy; MAXI uses option income.
  • CDX costs 1.06% less per year.
  • CDX is much larger than MAXI. Larger funds are usually more liquid and less likely to close.
  • Over the last three years, MAXI has delivered higher annualized returns.

Side-by-side comparison

CDXMAXI
Annual cost (TER)0.25%1.31%
Fund size (AUM)$407M$31M
Since20222022
Dividend yield8.31%57.40%
Asset classalternativealternative
Regionnorth americanorth america
Strategymulti strategyoption income
CAGR 1Y-1.7%-62.3%
CAGR 3Y+7.5%+9.7%
CAGR 5YN/AN/A
Sharpe 3Y0.390.41
Volatility 1Y5.74%65.98%
Max drawdown-13.24%-68.11%

Similar to CDX and MAXI