BITY vs. QYLD
BITY (Amplify Bitcoin 2% Monthly Option Income ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - BITY is a Derivative Income fund actively managed by Amplify, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. BITY is actively managed, while QYLD is passively managed. Over the past year, BITY returned -37.35% vs 23.93% for QYLD. At a 0.44 correlation, their price movements are largely independent. BITY charges 0.65%/yr vs 0.60%/yr for QYLD.
Performance
BITY vs. QYLD - Performance Comparison
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Returns By Period
In the year-to-date period, BITY achieves a -23.09% return, which is significantly lower than QYLD's 7.88% return.
BITY
- 1D
- -2.61%
- 1M
- -19.63%
- YTD
- -23.09%
- 6M
- -26.69%
- 1Y
- -37.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLD
- 1D
- -0.06%
- 1M
- 1.62%
- YTD
- 7.88%
- 6M
- 9.97%
- 1Y
- 23.93%
- 3Y*
- 13.80%
- 5Y*
- 8.43%
- 10Y*
- 9.80%
BITY vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITY Amplify Bitcoin 2% Monthly Option Income ETF | -23.09% | -8.21% |
QYLD Global X NASDAQ 100 Covered Call ETF | 7.88% | 17.46% |
Correlation
The correlation between BITY and QYLD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025 | 0.44 |
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Return for Risk
BITY vs. QYLD — Risk / Return Rank
BITY
QYLD
BITY vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Bitcoin 2% Monthly Option Income ETF (BITY) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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 | QYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.74 | ||
| Sortino ratioReturn per unit of downside risk | -5.22 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.63 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 4.84 | -5.65 |
| Martin ratioReturn relative to average drawdown | -1.41 | 28.36 | -29.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BITY | QYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.94 | 2.80 | -3.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.70 | 0.59 | -1.29 |
Drawdowns
BITY vs. QYLD - Drawdown Comparison
The maximum BITY drawdown since its inception was -46.36%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for BITY and QYLD.
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Drawdown Indicators
| BITY | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.36% | -24.75% | -21.61% |
Max Drawdown (1Y)Largest decline over 1 year | -46.36% | -4.97% | -41.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.75% | — |
Current DrawdownCurrent decline from peak | -45.49% | -0.06% | -45.43% |
Average DrawdownAverage peak-to-trough decline | -19.67% | -3.84% | -15.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.48% | 0.85% | +25.63% |
Volatility
BITY vs. QYLD - Volatility Comparison
Amplify Bitcoin 2% Monthly Option Income ETF (BITY) has a higher volatility of 9.68% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.85%. This indicates that BITY's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITY | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.68% | 1.85% | +7.83% |
Volatility (6M)Calculated over the trailing 6-month period | 31.24% | 7.12% | +24.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.94% | 8.58% | +31.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.02% | 14.70% | +24.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.02% | 15.49% | +23.53% |
BITY vs. QYLD - Expense Ratio Comparison
BITY has a 0.65% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Dividends
BITY vs. QYLD - Dividend Comparison
BITY's dividend yield for the trailing twelve months is around 39.66%, more than QYLD's 11.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITY Amplify Bitcoin 2% Monthly Option Income ETF | 39.66% | 21.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.46% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
Frequently Asked Questions
BITY and QYLD have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITY has higher volatility (9.68%) compared to QYLD (1.85%). In terms of maximum drawdown, BITY dropped -46.36% vs QYLD's -24.75%.
On 1-year performance, QYLD leads with 23.93% vs -37.35% for BITY. On fees, QYLD is cheaper at 0.60% per year. On volatility, QYLD has been the lower-risk option at 1.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QYLD has performed better with a 23.93% return vs -37.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QYLD is cheaper with a 0.60% expense ratio, compared with 0.65% for BITY.
BITY has the higher dividend yield at 39.66%, compared with 11.46% for QYLD.
BITY is categorized as Derivative Income, while QYLD is Nasdaq-100. They also come from different issuers: Amplify and Global X. Their fees differ too: 0.65% for BITY and 0.60% for QYLD.
QYLD currently has the higher Sharpe Ratio (2.80 vs -0.94), 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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