BITY vs. MSTY

Last updated Jun 4, 2026

BITY (Amplify Bitcoin 2% Monthly Option Income ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, BITY returned -37.35% vs -61.25% for MSTY. Their correlation of 0.83 suggests significant overlap in exposure. BITY charges 0.65%/yr vs 0.99%/yr for MSTY.

Performance

BITY vs. MSTY - Performance Comparison

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

Returns By Period

In the year-to-date period, BITY achieves a -23.09% return, which is significantly lower than MSTY's -14.73% return.

BITY

• 1D: -2.61%
• 1M: -19.63%
• YTD: -23.09%
• 6M: -26.69%
• 1Y: -37.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTY

• 1D: -6.76%
• 1M: -28.46%
• YTD: -14.73%
• 6M: -26.86%
• 1Y: -61.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BITY vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025
BITY Amplify Bitcoin 2% Monthly Option Income ETF	-23.09%	-8.21%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-14.73%	-53.72%

Correlation

The correlation between BITY and MSTY is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025	0.84

The correlation between BITY and MSTY has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

Return for Risk

BITY vs. MSTY — 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: 2

MSTY

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

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. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Bitcoin 2% Monthly Option Income ETF (BITY) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). 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.

	BITY	MSTY	Difference
Sharpe ratio: Return per unit of total volatility	-0.94	-1.02	+0.08
Sortino ratio: Return per unit of downside risk	-1.30	-1.73	+0.43
Omega ratio: Gain probability vs. loss probability	0.85	0.81	+0.05
Calmar ratio: Return relative to maximum drawdown	-0.81	-0.86	+0.05
Martin ratio: Return relative to average drawdown	-1.41	-1.31	-0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITY vs. MSTY - Sharpe Ratio Comparison

The current BITY Sharpe Ratio is -0.94, which is comparable to the MSTY Sharpe Ratio of -1.02. The chart below compares the historical Sharpe Ratios of BITY and MSTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BITY	MSTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.94	-1.02	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	-0.70	0.26	-0.96

Drawdowns

BITY vs. MSTY - Drawdown Comparison

The maximum BITY drawdown since its inception was -46.36%, smaller than the maximum MSTY drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for BITY and MSTY.

Drawdown Indicators

	BITY	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-46.36%	-71.79%	+25.43%
Max Drawdown (1Y) Largest decline over 1 year	-46.36%	-71.79%	+25.43%
Current Drawdown Current decline from peak	-45.49%	-66.48%	+20.99%
Average Drawdown Average peak-to-trough decline	-19.67%	-26.09%	+6.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.48%	46.87%	-20.39%

Volatility

BITY vs. MSTY - Volatility Comparison

The current volatility for Amplify Bitcoin 2% Monthly Option Income ETF (BITY) is 9.68%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 17.01%. This indicates that BITY experiences smaller price fluctuations and is considered to be less risky than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITY	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.68%	17.01%	-7.33%
Volatility (6M) Calculated over the trailing 6-month period	31.24%	48.79%	-17.55%
Volatility (1Y) Calculated over the trailing 1-year period	39.94%	60.44%	-20.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.02%	71.92%	-32.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.02%	71.92%	-32.90%

BITY vs. MSTY - Expense Ratio Comparison

BITY has a 0.65% expense ratio, which is lower than MSTY's 0.99% expense ratio.

Dividends

BITY vs. MSTY - Dividend Comparison

BITY's dividend yield for the trailing twelve months is around 39.66%, less than MSTY's 269.45% yield.

Position	TTM	2025	2024
BITY Amplify Bitcoin 2% Monthly Option Income ETF	39.66%	21.53%	0.00%
MSTY YieldMax™ MSTR Option Income Strategy ETF	269.45%	294.61%	104.56%

Frequently Asked Questions

Can I hold both BITY and MSTY in my portfolio?

BITY and MSTY have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITY or MSTY?

MSTY has higher volatility (17.01%) compared to BITY (9.68%). In terms of maximum drawdown, BITY dropped -46.36% vs MSTY's -71.79%.

Which ETF is better, BITY or MSTY?

On 1-year performance, BITY leads with -37.35% vs -61.25% for MSTY. On fees, BITY is cheaper at 0.65% per year. On volatility, BITY has been the lower-risk option at 9.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITY or MSTY?

Over the 1-year period, BITY has performed better with a -37.35% return vs -61.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITY or MSTY?

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

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

MSTY has the higher dividend yield at 269.45%, compared with 39.66% for BITY.

What is the main difference between BITY and MSTY?

They also come from different issuers: Amplify and YieldMax. Their fees differ too: 0.65% for BITY and 0.99% for MSTY.

Which has better risk-adjusted returns?

BITY currently has the higher Sharpe Ratio (-0.94 vs -1.02), 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.