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MAXI vs SBIT

Simplify Bitcoin Strategy ETF vs ProShares UltraShort Bitcoin ETF

MAXI

Simplify Bitcoin Strategy ETF

Simplify Asset Management

Annual cost

1.31%

Fund size

$33M

SBIT

ProShares UltraShort Bitcoin ETF

ProShares

Annual cost

0.97%

Fund size

$183M

Key differences

  • SBIT costs 0.34% less per year.
  • SBIT is significantly larger than MAXI — larger funds tend to be more liquid and less likely to close.
  • MAXI is classified as alternative, while SBIT is cryptocurrency — different risk/return profiles.
  • MAXI follows a option income strategy; SBIT uses inverse.

Side-by-side comparison

MAXISBIT
Annual cost (TER)1.31%0.97%
Fund size (AUM)$33M$183M
Since20222024
Dividend yield57.71%4.38%
Asset classalternativecryptocurrency
Regionnorth america
Strategyoption incomeinverse
CAGR 1Y-55.9%+35.9%
CAGR 3Y+18.2%N/A
CAGR 5YN/AN/A
Sharpe 3Y0.53N/A
Volatility 1Y66.05%86.24%
Max drawdown-65.93%-91.35%

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

Similar to MAXI and SBIT