MAXI ETF — Simplify Bitcoin Strategy PLUS Income ETF
Simplify Bitcoin Strategy PLUS Income ETF (MAXI)
MAXI is an ETF that tracks the Bitcoin. As of August 19, 2026, its distribution rate is 3.98%, its trailing-12-month yield is 54.28%, its expense ratio is 1.31%. Dividend Vision Distribution Safety Score™ is 19/100 (High risk). Fund total return is 91.6% over the past 3.9 years, 34.1 points behind SPY at 125.7%.
At the current 3.98% distribution rate, a $10,000 investment would generate approximately $398 per year, or $33.17 per month on an equivalent basis.
MAXI dividend yield and income
Data as of August 19, 2026.
The distribution rate (3.98%) is the latest posted forward yield, paid monthly. Trailing-12-month yield (54.28%) is the last year of payments divided by the current price. The last dividend was $0.0300. The last ex-dividend date was 07/28/2026. It was paid on 07/31/2026. At 3.98%, $10,000 would generate about $398 a year ($33.17 monthly-equivalent).
| Ex-date | Amount | vs year-ago payment |
|---|---|---|
| 2026-07-28 | $0.03 | -97.0% |
| 2026-06-25 | $0.08 | -77.1% |
| 2026-05-26 | $0.1 | -80.0% |
| 2026-04-27 | $0.1 | -66.7% |
| 2026-01-27 | $0.1 | -33.3% |
| 2025-12-23 | $0.875 | -47.6% |
| 2025-11-21 | $1 | -50.0% |
| 2025-10-28 | $1 | 0.0% |
| 2025-09-25 | $1 | 0.0% |
| 2025-08-26 | $1 | 0.0% |
| 2025-07-28 | $1 | 0.0% |
| 2025-06-25 | $0.35 | 133.3% |
| 2025-05-27 | $0.5 | 233.3% |
| 2025-04-25 | $0.3 | 100.0% |
| 2025-03-26 | $0.1 | -33.3% |
| 2025-02-25 | $0.1 | -33.3% |
| 2025-01-28 | $0.15 | 0.0% |
| 2024-12-23 | $1.67 | -60.0% |
| 2024-11-25 | $2 | 1233.3% |
| 2024-10-28 | $1 | 566.7% |
| 2024-09-25 | $1 | 566.7% |
| 2024-08-27 | $1 | 566.7% |
| 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 | — |
| 2023-12-26 | $4.18 | 850.0% |
| 2023-11-27 | $0.15 | 2042.9% |
| 2023-10-26 | $0.15 | 971.4% |
| 2023-09-27 | $0.15 | — |
| 2023-08-28 | $0.15 | — |
| 2023-07-26 | $0.15 | — |
| 2023-06-27 | $0.15 | — |
| 2023-05-25 | $0.15 | — |
| 2023-04-25 | $0.15 | — |
| 2023-03-27 | $0.15 | — |
| 2023-02-23 | $0.15 | — |
| 2022-12-27 | $0.44 | — |
| 2022-11-25 | $0.007 | — |
| 2022-10-26 | $0.014 | — |
| 2022 total | $0.461 | — |
| 2023 total | $5.68 | 1132.1% |
| 2024 total | $8.57 | 50.9% |
| 2025 total | $7.375 | -13.9% |
| 2026 YTD total | $0.41 | -83.6% |
MAXI dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -9.23%. That is the seasonality-immune income comparison, not a single quarterly check versus the prior quarter. An annualized trend fit on recent payments is -121.47%. That fit can move with uneven quarterly amounts and is not the same as a trailing-12-month cut.
| Window | Change |
|---|---|
| 1Y | -23.1% |
| 3Y | 1452.9% |
MAXI performance versus SPY
Data as of August 19, 2026.
Fund total return is 91.6% over the past 3.9 years, 34.1 points behind SPY at 125.7%. Its deepest 1-year drawdown was 69.3%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (3.9 years) | 91.6% | 18.20% |
| 3Y CAGR | — | 12.90% |
MAXI key facts
Data as of August 19, 2026.
- Distribution Safety Score™
- 19 · High risk
- Safety-Adjusted Yield
- 0.76%
- Issuer
- Simplify ETFs
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 09/29/2022
- Expense ratio
- 1.31%
- Distribution rate
- 3.98%
- Distribution frequency
- Monthly
- Trailing yield
- 54.28%
- Last close
- $9.05
- AUM
- $23,947,201
- Average volume
- 3691.0
- Last dividend
- $0.0300
- Ex-dividend date
- 07/28/2026
- Payment date
- 07/31/2026
- Beta
- 3.274
- P/E ratio
- 26.2063
How Dividend Vision calculates yield and returns
Distribution rate (3.98%) 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 (54.28%) 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. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of August 19, 2026.
Primary sources: Simplify ETFs fund 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. Total return has trailed SPY over the available window. 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; investors whose main goal is matching SPY total return. 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 index does MAXI track?
MAXI tracks the Bitcoin.
What is MAXI's expense ratio?
MAXI's expense ratio is 1.31%.
What is MAXI's dividend yield?
MAXI currently yields 3.98%, paid monthly, with a 1.31% expense ratio.
How has MAXI's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -9.23%. That is not a single quarter versus the prior quarter.
When does MAXI pay a dividend?
MAXI pays monthly. The last dividend was $0.0300. The last ex-dividend date was 07/28/2026. It was paid on 07/31/2026.
How has MAXI performed?
Fund total return is 91.6% over the past 3.9 years, 34.1 points behind SPY at 125.7%. Its deepest 1-year drawdown was 69.3%.
Is MAXI a good investment?
MAXI's Dividend Vision Distribution Safety Score is 19 (High risk). That is a risk signal, not investment advice. It currently yields 3.98%. Compare peers below rather than treating any single figure as a buy or sell.
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