BITB vs. BITY

Last updated Apr 2, 2026

Compare and contrast key facts about Bitwise Bitcoin ETF (BITB) and Amplify Bitcoin 2% Monthly Option Income ETF (BITY).

BITB and BITY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITB is a passively managed fund by Bitwise Asset Management that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 10, 2024. BITY is an actively managed fund by Amplify. It was launched on Apr 28, 2025.

Performance

BITB vs. BITY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Bitcoin ETF (BITB) and Amplify Bitcoin 2% Monthly Option Income ETF (BITY). The values are adjusted to include any dividend payments, if applicable.

BITB vs. BITY - Yearly Performance Comparison

	2026 (YTD)	2025
BITB Bitwise Bitcoin ETF	-22.18%	-8.33%
BITY Amplify Bitcoin 2% Monthly Option Income ETF	-18.03%	-8.21%

Returns By Period

In the year-to-date period, BITB achieves a -22.18% return, which is significantly lower than BITY's -18.03% return.

BITB

• 1D: 0.54%
• 1M: -1.46%
• YTD: -22.18%
• 6M: -42.10%
• 1Y: -20.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITY

• 1D: 0.63%
• 1M: 0.55%
• YTD: -18.03%
• 6M: -39.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BITB vs. BITY - Expense Ratio Comparison

BITB has a 0.20% expense ratio, which is lower than BITY's 0.65% expense ratio.

BITY

Amplify Bitcoin 2% Monthly Option Income ETF

BITB

Bitwise Bitcoin ETF

Return for Risk

BITB vs. BITY — Risk / Return Rank

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

BITB

BITB Risk / Return Rank: 6
BITB Sharpe Ratio Rank: 5
BITB Sortino Ratio Rank: 5
BITB Omega Ratio Rank: 6
BITB Calmar Ratio Rank: 6
BITB Martin Ratio Rank: 6

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.

BITB vs. BITY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin ETF (BITB) and Amplify Bitcoin 2% Monthly Option Income ETF (BITY). 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.

	BITB	BITY	Difference
Sharpe ratio Return per unit of total volatility	-0.44	—	—
Sortino ratio Return per unit of downside risk	-0.37	—	—
Omega ratio Gain probability vs. loss probability	0.96	—	—
Calmar ratio Return relative to maximum drawdown	-0.36	—	—
Martin ratio Return relative to average drawdown	-0.75	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BITB	BITY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	-0.67	+1.03

Correlation

The correlation between BITB and BITY is 0.99, 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.

Dividends

BITB vs. BITY - Dividend Comparison

BITB has not paid dividends to shareholders, while BITY's dividend yield for the trailing twelve months is around 35.19%.

	TTM	2025
BITB Bitwise Bitcoin ETF	0.00%	0.00%
BITY Amplify Bitcoin 2% Monthly Option Income ETF	35.19%	21.53%

Drawdowns

BITB vs. BITY - Drawdown Comparison

The maximum BITB drawdown since its inception was -49.38%, which is greater than BITY's maximum drawdown of -46.36%. Use the drawdown chart below to compare losses from any high point for BITB and BITY.

Drawdown Indicators

	BITB	BITY	Difference
Max Drawdown Largest peak-to-trough decline	-49.38%	-46.36%	-3.02%
Max Drawdown (1Y) Largest decline over 1 year	-49.38%	—	—
Current Drawdown Current decline from peak	-45.79%	-41.90%	-3.89%
Average Drawdown Average peak-to-trough decline	-14.19%	-16.65%	+2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.25%	—	—

Volatility

Volatility by Period

	BITB	BITY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	36.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	45.26%	39.94%	+5.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.01%	39.94%	+11.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.01%	39.94%	+11.07%