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MAXI vs BITO

Simplify Bitcoin Strategy ETF vs ProShares Bitcoin ETF

MAXI

Simplify Bitcoin Strategy ETF

Simplify Asset Management

Annual cost

1.31%

Fund size

$33M

BITO

ProShares Bitcoin ETF

ProShares

Annual cost

0.95%

Fund size

$1.9B

Key differences

  • BITO costs 0.36% less per year.
  • BITO is significantly larger than MAXI — larger funds tend to be more liquid and less likely to close.
  • MAXI is classified as alternative, while BITO is cryptocurrency — different risk/return profiles.
  • Over the last 3 years, BITO has delivered higher annualized returns.

Side-by-side comparison

MAXIBITO
Annual cost (TER)1.31%0.95%
Fund size (AUM)$33M$1.9B
Since20222021
Dividend yield57.71%71.92%
Asset classalternativecryptocurrency
Regionnorth america
Strategyoption income
CAGR 1Y-55.9%-34.1%
CAGR 3Y+18.2%+31.6%
CAGR 5YN/AN/A
Sharpe 3Y0.530.73
Volatility 1Y66.05%43.11%
Max drawdown-65.93%-77.86%

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

Similar to MAXI and BITO