AIEQ vs. BAGY

Last updated Jul 14, 2026

AIEQ (Amplify AI Powered Equity ETF) and BAGY (Amplify Bitcoin Max Income Covered Call ETF) are both exchange-traded funds - AIEQ is a Large Cap Growth Equities fund tracking the AI Powered Equity Index, while BAGY is a Derivative Income fund actively managed by Amplify. AIEQ is passively managed, while BAGY is actively managed. Over the past year, AIEQ returned 17.69% vs -46.53% for BAGY. At a 0.45 correlation, their price movements are largely independent. AIEQ charges 0.75%/yr vs 0.65%/yr for BAGY.

Performance

AIEQ vs. BAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify AI Powered Equity ETF (AIEQ) and Amplify Bitcoin Max Income Covered Call ETF (BAGY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIEQ achieves a 10.54% return, which is significantly higher than BAGY's -27.47% return.

AIEQ

• 1D: -0.59%
• 1M: 1.50%
• 6M: 8.69%
• YTD: 10.54%
• 1Y: 17.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAGY

• 1D: -3.11%
• 1M: -4.76%
• 6M: -31.06%
• YTD: -27.47%
• 1Y: -46.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIEQ vs. BAGY - Yearly Performance Comparison

	2026 (YTD)	2025
AIEQ Amplify AI Powered Equity ETF	10.54%	19.84%
BAGY Amplify Bitcoin Max Income Covered Call ETF	-27.47%	-8.33%

Correlation

The correlation between AIEQ and BAGY is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.45

Return for Risk

AIEQ vs. BAGY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIEQ

AIEQ Risk / Return Rank: 50
AIEQ Sharpe Ratio Rank: 51
AIEQ Sortino Ratio Rank: 48
AIEQ Omega Ratio Rank: 50
AIEQ Calmar Ratio Rank: 49
AIEQ Martin Ratio Rank: 54

BAGY

BAGY Risk / Return Rank: 1
BAGY Sharpe Ratio Rank: 1
BAGY Sortino Ratio Rank: 1
BAGY Omega Ratio Rank: 1
BAGY Calmar Ratio Rank: 1
BAGY Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIEQ vs. BAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify AI Powered Equity ETF (AIEQ) and Amplify Bitcoin Max Income Covered Call ETF (BAGY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIEQ	BAGY	Difference
Sharpe ratio: Return per unit of total volatility	1.39	-1.08	+2.47
Sortino ratio: Return per unit of downside risk	1.94	-1.63	+3.57
Omega ratio: Gain probability vs. loss probability	1.25	0.81	+0.44
Calmar ratio: Return relative to maximum drawdown	1.95	-0.92	+2.87
Martin ratio: Return relative to average drawdown	7.30	-1.53	+8.83

AIEQ vs. BAGY - Sharpe Ratio Comparison

The current AIEQ Sharpe Ratio is 1.39, which is higher than the BAGY Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of AIEQ and BAGY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIEQ vs. BAGY - Drawdown Comparison

The maximum AIEQ drawdown since its inception was -24.19%, smaller than the maximum BAGY drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for AIEQ and BAGY.

Drawdown Indicators

	AIEQ	BAGY	Difference
Max Drawdown Largest peak-to-trough decline	-24.19%	-50.68%	+26.49%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-50.68%	+41.57%
Current Drawdown Current decline from peak	-0.60%	-48.97%	+48.37%
Average Drawdown Average peak-to-trough decline	-3.24%	-21.97%	+18.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	30.44%	-28.01%

Volatility

AIEQ vs. BAGY - Volatility Comparison

The current volatility for Amplify AI Powered Equity ETF (AIEQ) is 3.81%, while Amplify Bitcoin Max Income Covered Call ETF (BAGY) has a volatility of 11.00%. This indicates that AIEQ experiences smaller price fluctuations and is considered to be less risky than BAGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIEQ	BAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	11.00%	-7.19%
Volatility (6M) Calculated over the trailing 6-month period	10.15%	34.49%	-24.34%
Volatility (1Y) Calculated over the trailing 1-year period	12.78%	43.22%	-30.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.29%	41.07%	-21.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.29%	41.07%	-21.78%

AIEQ vs. BAGY - Expense Ratio Comparison

AIEQ has a 0.75% expense ratio, which is higher than BAGY's 0.65% expense ratio.

Dividends

AIEQ vs. BAGY - Dividend Comparison

AIEQ's dividend yield for the trailing twelve months is around 0.39%, less than BAGY's 60.46% yield.

Position	TTM	2025	2024
AIEQ Amplify AI Powered Equity ETF	0.39%	0.43%	0.65%
BAGY Amplify Bitcoin Max Income Covered Call ETF	60.46%	30.16%	0.00%

Frequently Asked Questions

Can I hold both AIEQ and BAGY in my portfolio?

AIEQ and BAGY have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIEQ or BAGY?

BAGY has higher volatility (11.00%) compared to AIEQ (3.81%). In terms of maximum drawdown, AIEQ dropped -24.19% vs BAGY's -50.68%.

Which ETF is better, AIEQ or BAGY?

On 1-year performance, AIEQ leads with 17.69% vs -46.53% for BAGY. On fees, BAGY is cheaper at 0.65% per year. On volatility, AIEQ has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIEQ or BAGY?

Over the 1-year period, AIEQ has performed better with a 17.69% return vs -46.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIEQ or BAGY?

BAGY is cheaper with a 0.65% expense ratio, compared with 0.75% for AIEQ.

Which ETF pays a higher dividend yield, AIEQ or BAGY?

BAGY has the higher dividend yield at 60.46%, compared with 0.39% for AIEQ.

What is the main difference between AIEQ and BAGY?

AIEQ is categorized as Large Cap Growth Equities, while BAGY is Derivative Income. Their fees differ too: 0.75% for AIEQ and 0.65% for BAGY.

Which has better risk-adjusted returns?

AIEQ currently has the higher Sharpe Ratio (1.39 vs -1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.