BITY vs. SCUS
BITY (Amplify Bitcoin 2% Monthly Option Income ETF) and SCUS (Schwab Ultra-Short Income ETF) are both exchange-traded funds - BITY is a Derivative Income fund actively managed by Amplify, while SCUS is a Ultrashort Bond fund actively managed by Charles Schwab. Both are actively managed. Over the past year, BITY returned -42.71% vs 3.87% for SCUS. Their -0.09 correlation means they have often moved in opposite directions in the past. BITY charges 0.65%/yr vs 0.14%/yr for SCUS.
Performance
BITY vs. SCUS - Performance Comparison
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Returns By Period
In the year-to-date period, BITY achieves a -24.98% return, which is significantly lower than SCUS's 2.04% return.
BITY
- 1D
- 1.53%
- 1M
- 3.66%
- 6M
- -17.08%
- YTD
- -24.98%
- 1Y
- -42.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -25.35%
SCUS
- 1D
- 0.01%
- 1M
- 0.37%
- 6M
- 1.64%
- YTD
- 2.04%
- 1Y
- 3.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $96.90K | $160.98K | $174.76K | |
| $3.00M | $2.70M | $2.96M |
BITY vs. SCUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITY Amplify Bitcoin 2% Monthly Option Income ETF | -24.98% | -7.84% |
SCUS Schwab Ultra-Short Income ETF | 2.04% | 3.13% |
Correlation
The correlation between BITY and SCUS is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | -0.09 |
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Return for Risk
BITY vs. SCUS — Risk / Return Rank
BITY
SCUS
BITY vs. SCUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Bitcoin 2% Monthly Option Income ETF (BITY) and Schwab Ultra-Short Income ETF (SCUS). 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 | SCUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.71 | ||
| Sortino ratioReturn per unit of downside risk | -12.17 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 2.50 | -1.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 23.33 | -24.17 |
| Martin ratioReturn relative to average drawdown | -1.31 | 98.31 | -99.62 |
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Drawdowns
BITY vs. SCUS - Drawdown Comparison
The maximum BITY drawdown since its inception was -50.87%, which is greater than SCUS's maximum drawdown of -0.17%. Use the drawdown chart below to compare losses from any high point for BITY and SCUS.
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Drawdown Indicators
| BITY | SCUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.87% | -0.17% | -50.70% |
Max Drawdown (1Y)Largest decline over 1 year | -50.87% | -0.17% | -50.70% |
Current DrawdownCurrent decline from peak | -46.83% | 0.00% | -46.83% |
Average DrawdownAverage peak-to-trough decline | -23.20% | -0.02% | -23.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.67% | 0.04% | +32.63% |
Volatility
BITY vs. SCUS - Volatility Comparison
Amplify Bitcoin 2% Monthly Option Income ETF (BITY) has a higher volatility of 9.05% compared to Schwab Ultra-Short Income ETF (SCUS) at 0.19%. This indicates that BITY's price experiences larger fluctuations and is considered to be riskier than SCUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITY | SCUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.05% | 0.19% | +8.86% |
Volatility (6M)Calculated over the trailing 6-month period | 31.67% | 0.51% | +31.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.56% | 0.69% | +40.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.97% | 0.70% | +38.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.97% | 0.70% | +38.27% |
BITY vs. SCUS - Expense Ratio Comparison
BITY has a 0.65% expense ratio, which is higher than SCUS's 0.14% expense ratio.
Dividends
BITY vs. SCUS - Dividend Comparison
BITY's dividend yield for the trailing twelve months is around 37.11%, more than SCUS's 3.87% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITY Amplify Bitcoin 2% Monthly Option Income ETF | 37.11% | 21.53% | 0.00% |
SCUS Schwab Ultra-Short Income ETF | 3.87% | 4.17% | 1.62% |
Frequently Asked Questions
BITY and SCUS have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITY has higher volatility (9.05%) compared to SCUS (0.19%). In terms of maximum drawdown, BITY dropped -50.87% vs SCUS's -0.17%.
On 1-year performance, SCUS leads with 3.87% vs -42.71% for BITY. On fees, SCUS is cheaper at 0.14% per year. On volatility, SCUS has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SCUS has performed better with a 3.87% return vs -42.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCUS is cheaper with a 0.14% expense ratio, compared with 0.65% for BITY.
BITY has the higher dividend yield at 37.11%, compared with 3.87% for SCUS.
BITY is categorized as Derivative Income, while SCUS is Ultrashort Bond. They also come from different issuers: Amplify and Charles Schwab. Their fees differ too: 0.65% for BITY and 0.14% for SCUS.
SCUS currently has the higher Sharpe Ratio (5.68 vs -1.03), 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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