BAGY vs. FIYY

Last updated Jul 17, 2026

BAGY (Amplify Bitcoin Max Income Covered Call ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both Derivative Income funds. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. BAGY charges 0.65%/yr vs 1.07%/yr for FIYY.

Performance

BAGY vs. FIYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Bitcoin Max Income Covered Call ETF (BAGY) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BAGY

• 1D: -1.15%
• 1M: -4.23%
• 6M: -31.05%
• YTD: -24.48%
• 1Y: -45.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIYY

• 1D: 0.04%
• 1M: -0.45%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BAGY vs. FIYY - Yearly Performance Comparison

	2026 (YTD)
BAGY Amplify Bitcoin Max Income Covered Call ETF	-22.92%
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	-1.79%

Correlation

The correlation between BAGY and FIYY is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.33

Return for Risk

BAGY vs. FIYY — Risk / Return Rank

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

BAGY

BAGY Risk / Return Rank: 1
BAGY Sharpe Ratio Rank: 1
BAGY Sortino Ratio Rank: 2
BAGY Omega Ratio Rank: 1
BAGY Calmar Ratio Rank: 1
BAGY Martin Ratio Rank: 1

FIYY

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

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. FIYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Bitcoin Max Income Covered Call ETF (BAGY) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). 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.

	BAGY	FIYY	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	—	—
Sortino ratio: Return per unit of downside risk	-1.56	—	—
Omega ratio: Gain probability vs. loss probability	0.82	—	—
Calmar ratio: Return relative to maximum drawdown	-0.90	—	—
Martin ratio: Return relative to average drawdown	-1.47	—	—

Drawdowns

BAGY vs. FIYY - Drawdown Comparison

The maximum BAGY drawdown since its inception was -50.68%, which is greater than FIYY's maximum drawdown of -2.51%. Use the drawdown chart below to compare losses from any high point for BAGY and FIYY.

Drawdown Indicators

	BAGY	FIYY	Difference
Max Drawdown Largest peak-to-trough decline	-50.68%	-2.51%	-48.17%
Max Drawdown (1Y) Largest decline over 1 year	-50.68%	—	—
Current Drawdown Current decline from peak	-46.87%	-1.91%	-44.96%
Average Drawdown Average peak-to-trough decline	-22.22%	-1.50%	-20.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.86%	—	—

Volatility

Volatility by Period

	BAGY	FIYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	43.30%	4.95%	+38.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.11%	4.95%	+36.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.11%	4.95%	+36.16%

BAGY vs. FIYY - Expense Ratio Comparison

BAGY has a 0.65% expense ratio, which is lower than FIYY's 1.07% expense ratio.

Dividends

BAGY vs. FIYY - Dividend Comparison

BAGY's dividend yield for the trailing twelve months is around 58.07%, more than FIYY's 1.13% yield.

Position	TTM	2025
BAGY Amplify Bitcoin Max Income Covered Call ETF	58.07%	30.16%
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	1.13%	0.00%

Frequently Asked Questions

Can I hold both BAGY and FIYY in my portfolio?

BAGY and FIYY have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BAGY or FIYY?

On fees, BAGY is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BAGY or FIYY?

BAGY is cheaper with a 0.65% expense ratio, compared with 1.07% for FIYY.

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

BAGY has the higher dividend yield at 58.07%, compared with 1.13% for FIYY.

What is the main difference between BAGY and FIYY?

They also come from different issuers: Amplify and GraniteShares. Their fees differ too: 0.65% for BAGY and 1.07% for FIYY.