A head-to-head comparison of Simplify Bitcoin Strategy PLUS Income ETF and YieldMax Bitcoin Option Income Strategy ETF covering yield, cost, risk, and income potential.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Simplify ETFs is known for creating specialized alternatives and income-focused strategies that cater to investors seeking non-traditional exposure and enhanced yield opportunities. The issuer's 13-fund lineup spans alternatives, bonds, commodities, income, money market, and target distribution strategies, with notable tickers including SVOL (a volatility-focused fund), CAS and CTA (alternative/commodity-based), and HIGH (a high-yield income strategy). The firm distinguishes itself through its emphasis on simplifying complex investment strategies and offering niche products designed to address specific investor objectives across multiple asset classes.
See our curated list of related YouTube videos on MAXI.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
YieldMax is known for specializing in options-based and income-focused ETFs that emphasize yield generation through covered call strategies and other income-producing methodologies. The firm operates a diverse lineup of 63 funds organized across multiple families including covered call strategies, 0DTE (zero days to expiration) options, double distribution approaches, and various target-date and performance-based portfolios designed to generate regular distributions. Notable offerings span popular underlying assets like major technology stocks and broad market indices, with a particular emphasis on providing enhanced income solutions for investors seeking regular cash flows through options strategies and other tactical approaches.
See our curated list of related YouTube videos on YBIT.
Seeks to provide current income and capital appreciation with a focus on Bitcoin exposure through a strategy that combines Bitcoin futures with income-generating options strategies.
Covered Call
Asset class
Equity
Equity
Inception date
03/29/2023
07/18/2023
Beta
3.274
1.5424
Last dividend
$0.0800
$0.1720
Ex-dividend date
06/25/2026
07/09/2026
Bottom lineChoose MAXI if you want crypto exposure that pays you along the way, not just price gains. Choose YBIT if you want to maximize current income — roughly 47.22%, generated by selling options premium. There's no free lunch: YBIT's payout comes from selling options, which caps upside and can erode the share price over time, while MAXI keeps full price exposure.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
MAXI has lagged YBIT over the trailing twelve months, posting a -61.84% total return against -40.05%. Measured from Apr 2024 — when the younger fund began trading — YBIT has compounded at -14.15% a year versus -19.47% for MAXI. YBIT has been the steadier holding, though — annualized volatility of 37.2% against 64.8% for MAXI. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 10, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Apr 2024” measures every fund from April 23, 2024 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
MAXI (Simplify Bitcoin Strategy PLUS Income ETF) and YBIT (YieldMax Bitcoin Option Income Strategy ETF) are both dividend ETFs, but they take different approaches.
YBIT offers the higher yield at 47.22% vs 10.41% for MAXI. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
YBIT is cheaper with an expense ratio of 0.99% compared to 1.31%.
YBIT is the larger fund by assets ($46.7M), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, MAXI would generate roughly $86.75/month, while YBIT would produce $393.50/month, at current distribution rates.
MAXI yield10.41%
YBIT yield47.22%
Monthly diff on $10K$306.75
Cost & efficiency
Over 10 years on $10,000, MAXI would cost approximately $1,310 in fees vs $990 for YBIT (simplified, not compounded). The $320.00 difference may be offset by yield or performance.
MAXI ER1.31%
YBIT ER0.99%
Strategy & risk
Both MAXI and YBIT wrap Bitcoin with options-based income overlays (crypto and covered call). The practical differences are yield target, fee structure, and issuer track record — not the underlying mechanic. Beta is 3.274 for MAXI and 1.5424 for YBIT, indicating YBIT is less volatile relative to the market.
MAXI beta3.274
YBIT beta1.5424
Fund details
MAXI is managed by Simplify ETFs (launched 03/29/2023) with $25.4M in assets. YBIT is managed by YieldMax (launched 07/18/2023) with $46.7M in assets.
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Frequently asked questions
Is MAXI or YBIT better for dividend income?
It depends on your goals. YBIT currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between MAXI and YBIT?
Both MAXI (Simplify Bitcoin Strategy PLUS Income ETF) and YBIT (YieldMax Bitcoin Option Income Strategy ETF) track Bitcoin with options-based income strategies — the labels "crypto" and "covered call" describe closely related mechanics (covered calls are a specific type of options strategy). The real differences show up in yield target (10.41% vs 47.22%), expense ratio (1.31% vs 0.99%), and issuer (Simplify ETFs vs YieldMax).
Can I hold both MAXI and YBIT?
You can, but expect significant overlap. Both funds use options-based income strategies on Bitcoin, so holding them together gives you two wrappers around effectively the same exposure — not true diversification. Weigh issuer, fee, and yield differences rather than treating them as complementary.
Which has lower fees, MAXI or YBIT?
MAXI has an expense ratio of 1.31% while YBIT charges 0.99%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in MAXI vs YBIT generate?
At current rates, $10,000 in MAXI would generate roughly $86.75 per month ($1,041.00 annually). The same in YBIT would produce about $393.50 per month ($4,722.00 annually).
Which has performed better historically, MAXI or YBIT?
MAXI has lagged YBIT over the trailing twelve months, posting a -61.84% total return against -40.05%. Measured from Apr 2024 — when the younger fund began trading — YBIT has compounded at -14.15% a year versus -19.47% for MAXI. YBIT has been the steadier holding, though — annualized volatility of 37.2% against 64.8% for MAXI. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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