MAXI ETF — Simplify Bitcoin Strategy PLUS Income ETF
Simplify Bitcoin Strategy PLUS Income ETF (MAXI)
Updated October 2, 2026.
MAXI is an ETF linked to Bitcoin. its distribution rate is 3.93%, its trailing-12-month yield is 19.77%, its expense ratio is 1.31%. Dividend Vision Distribution Safety Score™ is 27/100 (Elevated risk). Total return is 224.9% over the past 4 years, 97.9 points ahead of SPY at 127.0%.
At the current 3.93% distribution rate, a $10,000 investment would generate approximately $393 per year, or $32.75 per month.
MAXI dividend yield and income
Price as of 2026-10-02.
The distribution rate (3.93%) is the latest posted forward yield, paid monthly. Trailing-12-month yield (19.77%) is the last year of payments divided by the current price. The last dividend was $0.05. The last ex-dividend date was 09/25/2026. It was paid on 09/30/2026. At the current 3.93% distribution rate, a $10,000 investment would generate approximately $393 per year, or $32.75 per month.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-25 | $0.05 | 0.0% |
| 2026-08-26 | $0.05 | 66.7% |
| 2026-07-28 | $0.03 | -62.5% |
| 2026-06-25 | $0.08 | -20.0% |
| 2026-05-26 | $0.1 | N/A |
| 2026-04-27 | $0.1 | 0.0% |
| 2026-01-27 | $0.1 | N/A |
| 2025-12-23 | $0.50529 | -49.5% |
| 2025-11-21 | $1 | 0.0% |
| 2025-10-28 | $1 | 0.0% |
| 2025-09-25 | $1 | 0.0% |
| 2025-08-26 | $1 | 0.0% |
| 2025-07-28 | $1 | 185.7% |
| 2025-06-25 | $0.35 | -30.0% |
| 2025-05-27 | $0.5 | 66.7% |
| 2025-04-25 | $0.3 | 200.0% |
| 2025-03-26 | $0.1 | 0.0% |
| 2025-02-25 | $0.1 | -33.3% |
| 2025-01-28 | $0.15 | -91.0% |
| 2024-12-23 | $1.67 | -16.5% |
| 2024-11-25 | $2 | 100.0% |
| 2024-10-28 | $1 | 0.0% |
| 2024-09-25 | $1 | 0.0% |
| 2024-08-27 | $1 | 0.0% |
| 2024-07-26 | $1 | 566.7% |
| 2024-06-25 | $0.15 | 0.0% |
| 2024-05-24 | $0.15 | 0.0% |
| 2024-04-25 | $0.15 | 0.0% |
| 2024-03-25 | $0.15 | 0.0% |
| 2024-02-26 | $0.15 | 0.0% |
| 2024-01-26 | $0.15 | -96.4% |
| 2023-12-26 | $4.18 | 2686.7% |
| 2023-11-27 | $0.15 | 0.0% |
| 2023-10-26 | $0.15 | 0.0% |
| 2023-09-27 | $0.15 | 0.0% |
| 2023-08-28 | $0.15 | 0.0% |
| 2023-07-26 | $0.15 | 0.0% |
| 2023-06-27 | $0.15 | 0.0% |
| 2023-05-25 | $0.15 | 0.0% |
| 2023-04-25 | $0.15 | 0.0% |
| 2023-03-27 | $0.15 | 0.0% |
| 2023-02-23 | $0.15 | -65.9% |
| 2022-12-27 | $0.44 | 6185.7% |
| 2022-11-25 | $0.007 | -50.0% |
| 2022-10-26 | $0.014 | — |
| 2022 total (partial launch year) | $0.461 | — |
| 2023 total | $5.68 | — |
| 2024 total | $8.57 | 50.9% |
| 2025 total | $7.00529 | -18.3% |
| 2026 YTD total | $0.51 | -88.7% vs prior-year YTD |
MAXI dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -67.1%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | -67.1% |
| 3Y | 22.0% |
| 5Y | 0.0% |
MAXI holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: IBIT (physical holdings below may be collateral and options, not the reference asset itself).
MAXI performance versus SPY
Price and return data through 2026-10-02.
Total return is 224.9% over the past 4 years, 97.9 points ahead of SPY at 127.0%. Over the past year its total return — price change plus distributions reinvested — is -39.7%. Its deepest 1-year drawdown was 69.3%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 16.5% | — |
| 3M | 75.6% | — |
| 6M | 69.0% | — |
| YTD | 11.5% | — |
| 1Y | -39.7% | — |
| 2Y CAGR | — | 9.20% |
| 3Y CAGR | — | 31.50% |
| Since inception (4 years) | 224.9% | 34.20% |
MAXI key facts
- Distribution Safety Score™
- 27 · Elevated risk
- Safety-Adjusted Yield
- 1.06%
- Issuer
- Simplify ETFs
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 09/29/2022
- Expense ratio
- 1.31%
- Distribution rate
- 3.93%
- Distribution frequency
- Monthly
- Trailing yield
- 19.77%
- Last close
- $15.25 (as of 2026-10-02)
- AUM
- $38,690,598
- Average volume
- 28700.0
- Last dividend
- $0.05
- Last ex-dividend date
- 09/25/2026
- Last payment date
- 09/30/2026
- Beta
- 3.274
- P/E ratio
- 44.7142
How Dividend Vision calculates yield and returns
Distribution rate (3.93%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (19.77%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Simplify ETFs or company page; Index: Bitcoin; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
MAXI risks and drawbacks
MAXI's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. The deepest 1-year drawdown on record here is 69.3%.
Who may consider MAXI — and who may not
MAXI may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.
Compare MAXI
MAXI vs similar funds:
Frequently asked questions
Does MAXI pay monthly?
Yes. MAXI currently pays monthly.
What is MAXI linked to?
MAXI is linked to Bitcoin, not a broad market index.
What is MAXI's expense ratio?
MAXI's expense ratio is 1.31%.
What is MAXI's dividend yield?
MAXI's distribution rate is 3.93%, paid monthly, with a 1.31% expense ratio — the latest regular payout annualised, not a trailing 12-month yield (data as of October 2, 2026).
How has MAXI's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -67.1%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does MAXI pay a dividend?
MAXI pays monthly. The last dividend was $0.05. The last ex-dividend date was 09/25/2026. It was paid on 09/30/2026.
How has MAXI performed?
Total return is 224.9% over the past 4 years, 97.9 points ahead of SPY at 127.0%. Over the past year its total return — price change plus distributions reinvested — is -39.7%. Its deepest 1-year drawdown was 69.3%.
Is MAXI a good investment?
MAXI's Dividend Vision Distribution Safety Score is 27 (Elevated risk). That is a risk signal, not investment advice. Its distribution rate is 3.93% (the latest regular payout annualised, not a trailing yield). Compare peers below rather than treating any single figure as a buy or sell.
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