BITK vs. BITY

Last updated Jun 5, 2026

BITK (Tuttle Capital Bitcoin 0DTE Covered Call ETF) and BITY (Amplify Bitcoin 2% Monthly Option Income ETF) are both Derivative Income funds. Both are actively managed. With a 0.97 correlation, they move nearly in lockstep. BITK charges 0.99%/yr vs 0.65%/yr for BITY.

Performance

BITK vs. BITY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) and Amplify Bitcoin 2% Monthly Option Income ETF (BITY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITK achieves a -30.56% return, which is significantly lower than BITY's -25.23% return.

BITK

• 1D: -2.63%
• 1M: -21.00%
• YTD: -30.56%
• 6M: -35.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITY

• 1D: -2.78%
• 1M: -22.54%
• YTD: -25.23%
• 6M: -28.66%
• 1Y: -38.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BITK vs. BITY - Yearly Performance Comparison

	2026 (YTD)	2025
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF	-30.56%	-27.10%
BITY Amplify Bitcoin 2% Monthly Option Income ETF	-25.23%	-25.25%

Correlation

The correlation between BITK and BITY is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025	0.97

Return for Risk

BITK vs. BITY — Risk / Return Rank

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

BITY

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

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.

BITK vs. BITY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) 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.

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

Sharpe Ratios by Period

	BITK	BITY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.27	-0.75	-0.52

Drawdowns

BITK vs. BITY - Drawdown Comparison

The maximum BITK drawdown since its inception was -53.87%, which is greater than BITY's maximum drawdown of -47.00%. Use the drawdown chart below to compare losses from any high point for BITK and BITY.

Drawdown Indicators

	BITK	BITY	Difference
Max Drawdown Largest peak-to-trough decline	-53.87%	-47.00%	-6.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-47.00%	—
Current Drawdown Current decline from peak	-53.87%	-47.00%	-6.87%
Average Drawdown Average peak-to-trough decline	-34.97%	-19.77%	-15.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.65%	—

Volatility

Volatility by Period

	BITK	BITY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	49.52%	39.99%	+9.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.52%	39.04%	+10.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.52%	39.04%	+10.48%

BITK vs. BITY - Expense Ratio Comparison

BITK has a 0.99% expense ratio, which is higher than BITY's 0.65% expense ratio.

Dividends

BITK vs. BITY - Dividend Comparison

BITK's dividend yield for the trailing twelve months is around 46.03%, more than BITY's 40.79% yield.

Position	TTM	2025
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF	46.03%	23.15%
BITY Amplify Bitcoin 2% Monthly Option Income ETF	40.79%	21.53%

Frequently Asked Questions

Can I hold both BITK and BITY in my portfolio?

With a correlation of 0.97, BITK and BITY 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, BITK or BITY?

On fees, BITY 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, BITK or BITY?

BITY is cheaper with a 0.65% expense ratio, compared with 0.99% for BITK.

Which ETF pays a higher dividend yield, BITK or BITY?

BITK has the higher dividend yield at 46.03%, compared with 40.79% for BITY.

What is the main difference between BITK and BITY?

They also come from different issuers: Tuttle Capital Management and Amplify. Their fees differ too: 0.99% for BITK and 0.65% for BITY.