BAGY vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Amplify Bitcoin Max Income Covered Call ETF (BAGY) and Bitcoin (BTC-USD).

BAGY is an actively managed fund by Amplify. It was launched on Apr 28, 2025.

Performance

BAGY vs. BTC-USD - Performance Comparison

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

BAGY vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025
BAGY Amplify Bitcoin Max Income Covered Call ETF	-15.45%	-8.88%
BTC-USD Bitcoin	-21.63%	-7.18%

Returns By Period

In the year-to-date period, BAGY achieves a -15.45% return, which is significantly higher than BTC-USD's -21.63% return.

BAGY

• 1D: 0.91%
• 1M: 1.63%
• YTD: -15.45%
• 6M: -38.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

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

Return for Risk

BAGY vs. BTC-USD — Risk / Return Rank

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

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

BAGY vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Bitcoin Max Income Covered Call ETF (BAGY) and Bitcoin (BTC-USD). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BAGY	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.44	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	1.19	-1.78

Correlation

The correlation between BAGY and BTC-USD is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

BAGY vs. BTC-USD - Drawdown Comparison

The maximum BAGY drawdown since its inception was -47.52%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BAGY and BTC-USD.

Drawdown Indicators

	BAGY	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-47.52%	-85.30%	+37.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-76.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-40.51%	-45.02%	+4.51%
Average Drawdown Average peak-to-trough decline	-16.76%	-41.99%	+25.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	27.60%	—

Volatility

Volatility by Period

	BAGY	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	35.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	42.07%	36.76%	+5.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.07%	46.90%	-4.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.07%	56.70%	-14.63%