BITY vs. QQQI

Last updated Jun 23, 2026

BITY (Amplify Bitcoin 2% Monthly Option Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - BITY is a Derivative Income fund actively managed by Amplify, while QQQI is a Nasdaq-100 fund actively managed by Neos. Both are actively managed. Over the past year, BITY returned -36.66% vs 29.65% for QQQI. A 0.50 correlation means they provide meaningful diversification when combined. BITY charges 0.65%/yr vs 0.68%/yr for QQQI.

Performance

BITY vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Bitcoin 2% Monthly Option Income ETF (BITY) and NEOS Nasdaq-100 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITY achieves a -23.61% return, which is significantly lower than QQQI's 13.11% return.

BITY

• 1D: 2.79%
• 1M: -14.93%
• YTD: -23.61%
• 6M: -24.22%
• 1Y: -36.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQI

• 1D: 0.04%
• 1M: 2.00%
• YTD: 13.11%
• 6M: 12.48%
• 1Y: 29.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BITY vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025
BITY Amplify Bitcoin 2% Monthly Option Income ETF	-23.61%	-7.84%
QQQI NEOS Nasdaq-100 High Income ETF	13.11%	25.05%

Correlation

The correlation between BITY and QQQI is 0.50, 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	0.50
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.50

The correlation between BITY and QQQI has been stable across timeframes, ranging from 0.50 to 0.50 - a consistent structural relationship.

Return for Risk

BITY vs. QQQI — 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: 3
BITY Martin Ratio Rank: 2

QQQI

QQQI Risk / Return Rank: 66
QQQI Sharpe Ratio Rank: 65
QQQI Sortino Ratio Rank: 59
QQQI Omega Ratio Rank: 67
QQQI Calmar Ratio Rank: 64
QQQI Martin Ratio Rank: 73

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. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Bitcoin 2% Monthly Option Income ETF (BITY) and NEOS Nasdaq-100 High Income ETF (QQQI). 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	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	-0.90	2.06	-2.96
Sortino ratio: Return per unit of downside risk	-1.22	2.72	-3.94
Omega ratio: Gain probability vs. loss probability	0.86	1.38	-0.52
Calmar ratio: Return relative to maximum drawdown	-0.73	3.10	-3.83
Martin ratio: Return relative to average drawdown	-1.29	13.29	-14.59

BITY vs. QQQI - Sharpe Ratio Comparison

The current BITY Sharpe Ratio is -0.90, which is lower than the QQQI Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of BITY and QQQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BITY vs. QQQI - Drawdown Comparison

The maximum BITY drawdown since its inception was -50.04%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for BITY and QQQI.

Drawdown Indicators

	BITY	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-50.04%	-20.00%	-30.04%
Max Drawdown (1Y) Largest decline over 1 year	-50.04%	-9.61%	-40.43%
Current Drawdown Current decline from peak	-45.85%	-0.46%	-45.39%
Average Drawdown Average peak-to-trough decline	-20.74%	-2.20%	-18.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.39%	2.24%	+26.15%

Volatility

BITY vs. QQQI - Volatility Comparison

Amplify Bitcoin 2% Monthly Option Income ETF (BITY) has a higher volatility of 13.51% compared to NEOS Nasdaq-100 High Income ETF (QQQI) at 7.00%. This indicates that BITY's price experiences larger fluctuations and is considered to be riskier than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITY	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.51%	7.00%	+6.51%
Volatility (6M) Calculated over the trailing 6-month period	31.74%	11.66%	+20.08%
Volatility (1Y) Calculated over the trailing 1-year period	40.98%	14.51%	+26.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.46%	17.44%	+22.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.46%	17.44%	+22.02%

BITY vs. QQQI - Expense Ratio Comparison

BITY has a 0.65% expense ratio, which is lower than QQQI's 0.68% expense ratio.

Dividends

BITY vs. QQQI - Dividend Comparison

BITY's dividend yield for the trailing twelve months is around 39.92%, more than QQQI's 14.54% yield.

Position	TTM	2025	2024
BITY Amplify Bitcoin 2% Monthly Option Income ETF	39.92%	21.53%	0.00%
QQQI NEOS Nasdaq-100 High Income ETF	14.54%	13.82%	12.85%

Frequently Asked Questions

Can I hold both BITY and QQQI in my portfolio?

BITY and QQQI have a correlation of 0.50, 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 QQQI?

BITY has higher volatility (13.51%) compared to QQQI (7.00%). In terms of maximum drawdown, BITY dropped -50.04% vs QQQI's -20.00%.

Which ETF is better, BITY or QQQI?

On 1-year performance, QQQI leads with 29.65% vs -36.66% for BITY. On fees, BITY is cheaper at 0.65% per year. On volatility, QQQI has been the lower-risk option at 7.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITY or QQQI?

Over the 1-year period, QQQI has performed better with a 29.65% return vs -36.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITY or QQQI?

BITY is cheaper with a 0.65% expense ratio, compared with 0.68% for QQQI.

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

BITY has the higher dividend yield at 39.92%, compared with 14.54% for QQQI.

What is the main difference between BITY and QQQI?

BITY is categorized as Derivative Income, while QQQI is Nasdaq-100. They also come from different issuers: Amplify and Neos. Their fees differ too: 0.65% for BITY and 0.68% for QQQI.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (2.06 vs -0.90), 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.