MAXI vs SPIT

Comparison between SIMPLIFY BITCOIN STRATEGY PLUS INCOME ETF (MAXI, ETF) and Fm Emerald Special Situations ETF (SPIT, ETF).

MAXI vs SPIT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MAXI(ETF)	SPIT(ETF)
Net Assets	$31M	$31M
Expense Ratio	1.31%	0.89%
Max Drawdown	75.97%	16.38%
Sharpe Ratio	-1.29	1.59
5Y Beta	2.41	1.60
P/E Ratio	N/A	66.46
Forward P/E	N/A	25.60
PEG Ratio	N/A	0.40
5Y EPS CAGR	N/A	32.59%
Debt to Equity	N/A	36.72%
P/S Ratio	N/A	5.07
P/B Ratio	N/A	6.84

Net Assets

MAXI

$31M

SPIT

$31M

Expense Ratio

MAXI

1.31%

Winner

SPIT

0.89%

Max Drawdown

MAXI

75.97%

Winner

SPIT

16.38%

Sharpe Ratio

MAXI

-1.29

Winner

SPIT

1.59

5Y Beta

MAXI

2.41

Winner

SPIT

1.60

P/E Ratio

MAXI

N/A

SPIT

66.46

Forward P/E

MAXI

N/A

SPIT

25.60

PEG Ratio

MAXI

N/A

SPIT

0.40

5Y EPS CAGR

MAXI

N/A

SPIT

32.59%

Debt to Equity

MAXI

N/A

SPIT

36.72%

P/S Ratio

MAXI

N/A

SPIT

5.07

P/B Ratio

MAXI

N/A

SPIT

6.84

MAXI vs SPIT - Historical Returns

Returns include dividend reinvestment.

Period	MAXI	SPIT
1 month	-23.38%	+2.47%
3 months	-9.39%	+23.98%
6 months	-40.13%	+26.56%
1 year	-61.98%	N/A
Max(CAGR)	+18.97%	+53.50%

MAXI

-23.38%

Winner

SPIT

+2.47%

MAXI

-9.39%

Winner

SPIT

+23.98%

MAXI

-40.13%

Winner

SPIT

+26.56%

MAXI

-61.98%

SPIT

N/A

Max(CAGR)

MAXI

+18.97%

Winner

SPIT

+53.50%

MAXI vs SPIT - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	MAXI	SPIT
2026	-37.58%	+24.29%
2025	-30.13%	+5.56%
2024	+81.45%	N/A
2023	+144.43%	N/A
2022	-13.30%	N/A

MAXI vs SPIT Drawdown Comparison

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

The maximum drawdown for SPIT was -12.49%, occurring on Mar 30, 2026. Recovery took 33 trading sessions.

The current MAXI drawdown is -67.20%. The current SPIT drawdown is -0.61%.

Rank	MAXI	SPIT
#1	-68.87% Aug 13, 2025 - Jun 5, 2026	-12.49% Feb 25, 2026 - Apr 14, 2026
#2	-52.34% Dec 17, 2024 - May 13, 2025	-9.98% Oct 31, 2025 - Dec 3, 2025
#3	-34.70% Mar 13, 2024 - Nov 11, 2024	-7.72% Jan 22, 2026 - Feb 19, 2026
#4	-25.99% Nov 4, 2022 - Jan 17, 2023	-7.47% Dec 9, 2025 - Jan 5, 2026
#5	-22.90% Jul 13, 2023 - Oct 24, 2023	-4.98% Jun 2, 2026 - Jun 5, 2026
#6	-20.37% Feb 17, 2023 - Mar 14, 2023	-4.31% May 6, 2026 - May 22, 2026
#7	-18.68% May 22, 2025 - Jul 11, 2025	-3.70% Oct 15, 2025 - Oct 24, 2025
#8	-17.04% Jan 8, 2024 - Feb 12, 2024	-3.40% Apr 22, 2026 - Apr 30, 2026
#9	-16.38% Apr 13, 2023 - Jun 22, 2023	-2.86% Oct 8, 2025 - Oct 13, 2025
#10	-12.58% Jul 14, 2025 - Aug 13, 2025	-1.67% Feb 19, 2026 - Feb 25, 2026
#11	-9.90% Nov 22, 2024 - Dec 6, 2024	-0.99% Apr 20, 2026 - Apr 22, 2026
#12	-9.86% Mar 4, 2024 - Mar 8, 2024	-0.74% Dec 4, 2025 - Dec 8, 2025
#13	-9.58% Feb 2, 2023 - Feb 15, 2023	-0.67% May 26, 2026 - May 28, 2026
#14	-8.62% Dec 8, 2023 - Jan 2, 2024	-0.59% Jan 16, 2026 - Jan 22, 2026
#15	-7.54% Dec 6, 2024 - Dec 16, 2024	-0.57% May 1, 2026 - May 5, 2026

Correlation

Correlation between MAXI and SPIT is -0.57 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.57

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