BITB vs. EHY

Last updated Jun 24, 2026

BITB (Bitwise Bitcoin ETF) and EHY (Amplify Ethereum Max Income Covered Call ETF) are both Cryptocurrency funds. BITB is passively managed, while EHY is actively managed. Their correlation of 0.90 suggests significant overlap in exposure. BITB charges 0.20%/yr vs 0.75%/yr for EHY.

Performance

BITB vs. EHY - Performance Comparison

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

Returns By Period

In the year-to-date period, BITB achieves a -28.85% return, which is significantly higher than EHY's -44.52% return.

BITB

• 1D: -3.23%
• 1M: -17.74%
• YTD: -28.85%
• 6M: -28.92%
• 1Y: -39.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EHY

• 1D: -4.96%
• 1M: -23.90%
• YTD: -44.52%
• 6M: -42.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BITB vs. EHY - Yearly Performance Comparison

	2026 (YTD)	2025
BITB Bitwise Bitcoin ETF	-28.85%	-29.14%
EHY Amplify Ethereum Max Income Covered Call ETF	-44.52%	-25.56%

Correlation

The correlation between BITB and EHY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	0.90

Return for Risk

BITB vs. EHY — Risk / Return Rank

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

BITB

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

EHY

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.

BITB vs. EHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin ETF (BITB) and Amplify Ethereum Max Income Covered Call ETF (EHY). 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.

	BITB	EHY	Difference
Sharpe ratio: Return per unit of total volatility	-0.90	—	—
Sortino ratio: Return per unit of downside risk	-1.26	—	—
Omega ratio: Gain probability vs. loss probability	0.86	—	—
Calmar ratio: Return relative to maximum drawdown	-0.77	—	—
Martin ratio: Return relative to average drawdown	-1.30	—	—

Drawdowns

BITB vs. EHY - Drawdown Comparison

The maximum BITB drawdown since its inception was -52.04%, smaller than the maximum EHY drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for BITB and EHY.

Drawdown Indicators

	BITB	EHY	Difference
Max Drawdown Largest peak-to-trough decline	-52.04%	-60.86%	+8.82%
Max Drawdown (1Y) Largest decline over 1 year	-52.04%	—	—
Current Drawdown Current decline from peak	-50.43%	-58.78%	+8.35%
Average Drawdown Average peak-to-trough decline	-16.85%	-34.72%	+17.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.56%	—	—

Volatility

Volatility by Period

	BITB	EHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	44.20%	60.79%	-16.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.00%	60.79%	-10.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.00%	60.79%	-10.79%

BITB vs. EHY - Expense Ratio Comparison

BITB has a 0.20% expense ratio, which is lower than EHY's 0.75% expense ratio.

Dividends

BITB vs. EHY - Dividend Comparison

BITB has not paid dividends to shareholders, while EHY's dividend yield for the trailing twelve months is around 53.83%.

Position	TTM	2025
BITB Bitwise Bitcoin ETF	0.00%	0.00%
EHY Amplify Ethereum Max Income Covered Call ETF	53.83%	8.87%

Frequently Asked Questions

Can I hold both BITB and EHY in my portfolio?

With a correlation of 0.90, BITB and EHY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BITB or EHY?

On fees, BITB is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BITB or EHY?

BITB is cheaper with a 0.20% expense ratio, compared with 0.75% for EHY.

Which ETF pays a higher dividend yield, BITB or EHY?

EHY has the higher dividend yield at 53.83%, compared with 0.00% for BITB.

What is the main difference between BITB and EHY?

They also come from different issuers: Bitwise Asset Management and Amplify. Their fees differ too: 0.20% for BITB and 0.75% for EHY.