BITY vs. BTC-USD
BITY (Amplify Bitcoin 2% Monthly Option Income ETF) is Derivative Income fund actively managed by Amplify, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, BITY returned -46.57% vs -47.54% for BTC-USD. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
BITY vs. BTC-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BITY having a -27.84% return and BTC-USD slightly lower at -28.58%.
BITY
- 1D
- -3.03%
- 1M
- -3.75%
- 6M
- -31.18%
- YTD
- -27.84%
- 1Y
- -46.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.96%
- 1M
- -3.01%
- 6M
- -31.47%
- YTD
- -28.58%
- 1Y
- -47.54%
- 3Y*
- 27.25%
- 5Y*
- 13.75%
- 10Y*
- 57.45%
BITY vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITY Amplify Bitcoin 2% Monthly Option Income ETF | -27.84% | -7.84% |
BTC-USD Bitcoin | -28.58% | -7.94% |
Correlation
The correlation between BITY and BTC-USD is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.70 |
The correlation between BITY and BTC-USD has been stable across timeframes, ranging from 0.70 to 0.72 - a consistent structural relationship.
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Return for Risk
BITY vs. BTC-USD — Risk / Return Rank
BITY
BTC-USD
BITY vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Bitcoin 2% Monthly Option Income ETF (BITY) and Bitcoin (BTC-USD). 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.
| BITY | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.83 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -0.90 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.52 | -1.46 | -0.07 |
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Drawdowns
BITY vs. BTC-USD - Drawdown Comparison
The maximum BITY drawdown since its inception was -50.87%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BITY and BTC-USD.
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Drawdown Indicators
| BITY | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.87% | -85.30% | +34.43% |
Max Drawdown (1Y)Largest decline over 1 year | -50.87% | -53.08% | +2.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -48.85% | -49.89% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -22.05% | -42.55% | +20.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.65% | 28.99% | +1.66% |
Volatility
BITY vs. BTC-USD - Volatility Comparison
Amplify Bitcoin 2% Monthly Option Income ETF (BITY) has a higher volatility of 11.12% compared to Bitcoin (BTC-USD) at 8.86%. This indicates that BITY's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITY | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.12% | 8.86% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 32.34% | 34.96% | -2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.37% | 35.56% | +5.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.36% | 43.94% | -4.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.36% | 56.32% | -16.96% |
Frequently Asked Questions
BITY and BTC-USD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITY has higher volatility (11.12%) compared to BTC-USD (8.86%). In terms of maximum drawdown, BITY dropped -50.87% vs BTC-USD's -85.30%.
BTC-USD currently has the higher Sharpe Ratio (-1.11 vs -1.13), 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.
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