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MAXI vs BITI

Simplify Bitcoin Strategy ETF vs ProShares Short Bitcoin ETF

MAXI

Simplify Bitcoin Strategy ETF

Simplify Asset Management

Annual cost

1.31%

Fund size

$33M

BITI

ProShares Short Bitcoin ETF

ProShares

Annual cost

1.01%

Fund size

$187M

Key differences

  • BITI costs 0.30% less per year.
  • BITI is significantly larger than MAXI — larger funds tend to be more liquid and less likely to close.
  • MAXI is classified as alternative, while BITI is cryptocurrency — different risk/return profiles.
  • MAXI follows a option income strategy; BITI uses inverse.
  • Over the last 3 years, MAXI has delivered higher annualized returns.

Side-by-side comparison

MAXIBITI
Annual cost (TER)1.31%1.01%
Fund size (AUM)$33M$187M
Since20222022
Dividend yield57.71%9.25%
Asset classalternativecryptocurrency
Regionnorth america
Strategyoption incomeinverse
CAGR 1Y-55.9%+31.1%
CAGR 3Y+18.2%-37.3%
CAGR 5YN/AN/A
Sharpe 3Y0.53-0.77
Volatility 1Y66.05%43.05%
Max drawdown-65.93%-92.16%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to MAXI and BITI