BITY vs. HODL

Last updated Apr 1, 2026

Compare and contrast key facts about Amplify Bitcoin 2% Monthly Option Income ETF (BITY) and VanEck Bitcoin Trust (HODL).

BITY and HODL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITY is an actively managed fund by Amplify. It was launched on Apr 28, 2025. HODL is a passively managed fund by VanEck that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 4, 2024.

Performance

BITY vs. HODL - Performance Comparison

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

BITY vs. HODL - Yearly Performance Comparison

	2026 (YTD)	2025
BITY Amplify Bitcoin 2% Monthly Option Income ETF	-18.54%	-8.21%
HODL VanEck Bitcoin Trust	-22.52%	-8.34%

Returns By Period

In the year-to-date period, BITY achieves a -18.54% return, which is significantly higher than HODL's -22.52% return.

BITY

• 1D: 2.00%
• 1M: 5.36%
• YTD: -18.54%
• 6M: -39.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HODL

• 1D: 1.86%
• 1M: 3.29%
• YTD: -22.52%
• 6M: -40.81%
• 1Y: -17.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BITY vs. HODL - Expense Ratio Comparison

BITY has a 0.65% expense ratio, which is higher than HODL's 0.25% expense ratio.

BITY

Amplify Bitcoin 2% Monthly Option Income ETF

HODL

VanEck Bitcoin Trust

Return for Risk

BITY vs. HODL — Risk / Return Rank

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

HODL

HODL Risk / Return Rank: 6
HODL Sharpe Ratio Rank: 5
HODL Sortino Ratio Rank: 6
HODL Omega Ratio Rank: 7
HODL Calmar Ratio Rank: 6
HODL 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.

BITY vs. HODL - Risk-Adjusted Trends Comparison

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

	BITY	HODL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.68	0.36	-1.04

Correlation

The correlation between BITY and HODL 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

BITY vs. HODL - Dividend Comparison

BITY's dividend yield for the trailing twelve months is around 35.41%, while HODL has not paid dividends to shareholders.

	TTM	2025
BITY Amplify Bitcoin 2% Monthly Option Income ETF	35.41%	21.53%
HODL VanEck Bitcoin Trust	0.00%	0.00%

Drawdowns

BITY vs. HODL - Drawdown Comparison

The maximum BITY drawdown since its inception was -46.36%, smaller than the maximum HODL drawdown of -49.25%. Use the drawdown chart below to compare losses from any high point for BITY and HODL.

Drawdown Indicators

	BITY	HODL	Difference
Max Drawdown Largest peak-to-trough decline	-46.36%	-49.25%	+2.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.25%	—
Current Drawdown Current decline from peak	-42.26%	-46.01%	+3.75%
Average Drawdown Average peak-to-trough decline	-16.54%	-14.09%	-2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	23.02%	—

Volatility

Volatility by Period

	BITY	HODL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	40.02%	45.09%	-5.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.02%	50.94%	-10.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.02%	50.94%	-10.92%