HYBX vs MAXI

Comparison between TCW High Yield Bond ETF (HYBX, ETF) and SIMPLIFY BITCOIN STRATEGY PLUS INCOME ETF (MAXI, ETF).

HYBX vs MAXI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HYBX(ETF)	MAXI(ETF)
Net Assets	$33M	$33M
Expense Ratio	0.50%	1.31%
Max Drawdown	5.48%	75.97%
Sharpe Ratio	0.27	-1.24
5Y Beta	0.16	2.42

Net Assets

HYBX

$33M

Winner

MAXI

$33M

Expense Ratio

Winner

HYBX

0.50%

MAXI

1.31%

Max Drawdown

Winner

HYBX

5.48%

MAXI

75.97%

Sharpe Ratio

Winner

HYBX

0.27

MAXI

-1.24

5Y Beta

Winner

HYBX

0.16

MAXI

2.42

HYBX vs MAXI - Historical Returns

Returns include dividend reinvestment.

Period	HYBX	MAXI
1 month	-0.17%	-29.03%
3 months	+0.55%	-17.91%
6 months	+1.87%	-43.66%
1 year	+5.33%	-60.69%
Max(CAGR)	+5.17%	+17.40%

Winner

HYBX

-0.17%

MAXI

-29.03%

Winner

HYBX

+0.55%

MAXI

-17.91%

Winner

HYBX

+1.87%

MAXI

-43.66%

Winner

HYBX

+5.33%

MAXI

-60.69%

Max(CAGR)

HYBX

+5.17%

Winner

MAXI

+17.40%

HYBX vs MAXI - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	HYBX	MAXI
2026	+1.12%	-40.77%
2025	+6.16%	-30.13%
2024	-0.26%	+81.45%
2023	N/A	+144.43%
2022	N/A	-13.30%

HYBX vs MAXI Drawdown Comparison

The maximum drawdown for HYBX was -3.92%, occurring on Apr 8, 2025. Recovery took 50 trading sessions.

The maximum drawdown for MAXI was -68.87%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current HYBX drawdown is -0.93%. The current MAXI drawdown is -68.87%.

Rank	HYBX	MAXI
#1	-3.92% Feb 28, 2025 - May 12, 2025	-68.87% Aug 13, 2025 - Jun 5, 2026
#2	-2.15% Jan 27, 2026 - Apr 8, 2026	-52.34% Dec 17, 2024 - May 13, 2025
#3	-1.76% Oct 28, 2025 - Dec 19, 2025	-34.70% Mar 13, 2024 - Nov 11, 2024
#4	-1.72% Dec 6, 2024 - Jan 24, 2025	-25.99% Nov 4, 2022 - Jan 17, 2023
#5	-1.49% Aug 13, 2025 - Sep 2, 2025	-22.90% Jul 13, 2023 - Oct 24, 2023
#6	-1.48% Sep 23, 2025 - Oct 28, 2025	-20.37% Feb 17, 2023 - Mar 14, 2023
#7	-1.38% Dec 19, 2025 - Dec 23, 2025	-18.68% May 22, 2025 - Jul 11, 2025
#8	-1.38% Apr 27, 2026 - May 19, 2026	-17.04% Jan 8, 2024 - Feb 12, 2024
#9	-0.85% Nov 18, 2024 - Dec 3, 2024	-16.38% Apr 13, 2023 - Jun 22, 2023
#10	-0.84% May 20, 2025 - May 28, 2025	-12.58% Jul 14, 2025 - Aug 13, 2025
#11	-0.81% Jan 20, 2026 - Jan 27, 2026	-9.90% Nov 22, 2024 - Dec 6, 2024
#12	-0.72% Jul 9, 2025 - Jul 21, 2025	-9.86% Mar 4, 2024 - Mar 8, 2024
#13	-0.69% Jul 23, 2025 - Aug 11, 2025	-9.58% Feb 2, 2023 - Feb 15, 2023
#14	-0.68% Sep 5, 2025 - Sep 18, 2025	-8.62% Dec 8, 2023 - Jan 2, 2024
#15	-0.66% Dec 24, 2025 - Jan 2, 2026	-7.54% Dec 6, 2024 - Dec 16, 2024

Correlation

Correlation between HYBX and MAXI is -0.59 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.59

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