BAGY vs. THTA

Last updated Jun 4, 2026

BAGY (Amplify Bitcoin Max Income Covered Call ETF) and THTA (SoFi Enhanced Yield ETF) are both Derivative Income funds. Both are actively managed. Over the past year, BAGY returned -37.04% vs 16.78% for THTA. At a 0.16 correlation, their price movements are largely independent. BAGY charges 0.65%/yr vs 0.49%/yr for THTA.

Performance

BAGY vs. THTA - Performance Comparison

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

Returns By Period

In the year-to-date period, BAGY achieves a -21.90% return, which is significantly lower than THTA's 6.86% return.

BAGY

• 1D: -2.73%
• 1M: -20.28%
• YTD: -21.90%
• 6M: -24.70%
• 1Y: -37.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

THTA

• 1D: -0.02%
• 1M: 0.56%
• YTD: 6.86%
• 6M: 8.04%
• 1Y: 16.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BAGY vs. THTA - Yearly Performance Comparison

	2026 (YTD)	2025
BAGY Amplify Bitcoin Max Income Covered Call ETF	-21.90%	-8.88%
THTA SoFi Enhanced Yield ETF	6.86%	10.80%

Correlation

The correlation between BAGY and THTA is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025	0.16

Return for Risk

BAGY vs. THTA — Risk / Return Rank

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

BAGY

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

THTA

THTA Risk / Return Rank: 92
THTA Sharpe Ratio Rank: 87
THTA Sortino Ratio Rank: 90
THTA Omega Ratio Rank: 95
THTA Calmar Ratio Rank: 92
THTA Martin Ratio Rank: 97

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. THTA - Risk-Adjusted Trends Comparison

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

	BAGY	THTA	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	2.91	-3.80
Sortino ratio: Return per unit of downside risk	-1.20	4.29	-5.49
Omega ratio: Gain probability vs. loss probability	0.86	1.75	-0.89
Calmar ratio: Return relative to maximum drawdown	-0.78	6.39	-7.17
Martin ratio: Return relative to average drawdown	-1.41	52.08	-53.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BAGY vs. THTA - Sharpe Ratio Comparison

The current BAGY Sharpe Ratio is -0.89, which is lower than the THTA Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of BAGY and THTA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BAGY	THTA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.89	2.91	-3.80
Sharpe Ratio (All Time) Calculated using the full available price history	-0.66	0.08	-0.73

Drawdowns

BAGY vs. THTA - Drawdown Comparison

The maximum BAGY drawdown since its inception was -47.52%, which is greater than THTA's maximum drawdown of -31.41%. Use the drawdown chart below to compare losses from any high point for BAGY and THTA.

Drawdown Indicators

	BAGY	THTA	Difference
Max Drawdown Largest peak-to-trough decline	-47.52%	-31.41%	-16.11%
Max Drawdown (1Y) Largest decline over 1 year	-47.52%	-2.64%	-44.88%
Current Drawdown Current decline from peak	-45.06%	-6.79%	-38.27%
Average Drawdown Average peak-to-trough decline	-19.61%	-7.52%	-12.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.28%	0.32%	+25.96%

Volatility

BAGY vs. THTA - Volatility Comparison

Amplify Bitcoin Max Income Covered Call ETF (BAGY) has a higher volatility of 9.89% compared to SoFi Enhanced Yield ETF (THTA) at 0.75%. This indicates that BAGY's price experiences larger fluctuations and is considered to be riskier than THTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAGY	THTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.89%	0.75%	+9.14%
Volatility (6M) Calculated over the trailing 6-month period	33.39%	4.00%	+29.39%
Volatility (1Y) Calculated over the trailing 1-year period	41.93%	5.80%	+36.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.86%	20.25%	+20.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.86%	20.25%	+20.61%

BAGY vs. THTA - Expense Ratio Comparison

BAGY has a 0.65% expense ratio, which is higher than THTA's 0.49% expense ratio.

Dividends

BAGY vs. THTA - Dividend Comparison

BAGY's dividend yield for the trailing twelve months is around 58.25%, more than THTA's 11.26% yield.

Position	TTM	2025	2024	2023
BAGY Amplify Bitcoin Max Income Covered Call ETF	58.25%	30.16%	0.00%	0.00%
THTA SoFi Enhanced Yield ETF	11.26%	12.66%	12.44%	0.58%

Frequently Asked Questions

Can I hold both BAGY and THTA in my portfolio?

BAGY and THTA have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAGY or THTA?

BAGY has higher volatility (9.89%) compared to THTA (0.75%). In terms of maximum drawdown, BAGY dropped -47.52% vs THTA's -31.41%.

Which ETF is better, BAGY or THTA?

On 1-year performance, THTA leads with 16.78% vs -37.04% for BAGY. On fees, THTA is cheaper at 0.49% per year. On volatility, THTA has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BAGY or THTA?

Over the 1-year period, THTA has performed better with a 16.78% return vs -37.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BAGY or THTA?

THTA is cheaper with a 0.49% expense ratio, compared with 0.65% for BAGY.

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

BAGY has the higher dividend yield at 58.25%, compared with 11.26% for THTA.

What is the main difference between BAGY and THTA?

They also come from different issuers: Amplify and SoFi. Their fees differ too: 0.65% for BAGY and 0.49% for THTA.

Which has better risk-adjusted returns?

THTA currently has the higher Sharpe Ratio (2.91 vs -0.89), 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.