SPIT vs MAXI

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

SPIT vs MAXI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

SPIT

$31M

MAXI

$31M

Expense Ratio

Winner

SPIT

0.89%

MAXI

1.31%

Max Drawdown

Winner

SPIT

16.38%

MAXI

75.97%

Sharpe Ratio

Winner

SPIT

1.59

MAXI

-1.29

5Y Beta

Winner

SPIT

1.60

MAXI

2.41

P/E Ratio

SPIT

66.46

MAXI

N/A

Forward P/E

SPIT

25.60

MAXI

N/A

PEG Ratio

SPIT

0.40

MAXI

N/A

5Y EPS CAGR

SPIT

32.59%

MAXI

N/A

Debt to Equity

SPIT

36.72%

MAXI

N/A

P/S Ratio

SPIT

5.07

MAXI

N/A

P/B Ratio

SPIT

6.84

MAXI

N/A

SPIT vs MAXI - Historical Returns

Returns include dividend reinvestment.

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

Winner

SPIT

+2.47%

MAXI

-23.38%

Winner

SPIT

+23.98%

MAXI

-9.39%

Winner

SPIT

+26.56%

MAXI

-40.13%

SPIT

N/A

MAXI

-61.98%

Max(CAGR)

Winner

SPIT

+53.50%

MAXI

+18.97%

SPIT vs MAXI - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

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

SPIT vs MAXI Drawdown Comparison

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

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

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

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

Correlation

Correlation between SPIT and MAXI 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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