BITY vs. VOO

Last updated Jul 14, 2026

BITY (Amplify Bitcoin 2% Monthly Option Income ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - BITY is a Derivative Income fund actively managed by Amplify, while VOO is a S&P 500 fund tracking the S&P 500 Index. BITY is actively managed, while VOO is passively managed. Over the past year, BITY returned -46.57% vs 21.53% for VOO. At a 0.47 correlation, their price movements are largely independent. BITY charges 0.65%/yr vs 0.03%/yr for VOO.

Performance

BITY vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Bitcoin 2% Monthly Option Income ETF (BITY) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITY achieves a -27.84% return, which is significantly lower than VOO's 10.45% return.

BITY

• 1D: -3.03%
• 1M: -3.75%
• 6M: -31.18%
• YTD: -27.84%
• 1Y: -46.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOO

• 1D: -0.77%
• 1M: 1.25%
• 6M: 8.34%
• YTD: 10.45%
• 1Y: 21.53%
• 3Y*: 20.16%
• 5Y*: 13.01%
• 10Y*: 15.16%

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

BITY vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025
BITY Amplify Bitcoin 2% Monthly Option Income ETF	-27.84%	-7.84%
VOO Vanguard S&P 500 ETF	10.45%	24.93%

Correlation

The correlation between BITY and VOO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.47

Return for Risk

BITY vs. VOO — Risk / Return Rank

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

BITY

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

VOO

VOO Risk / Return Rank: 66
VOO Sharpe Ratio Rank: 66
VOO Sortino Ratio Rank: 65
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 61
VOO Martin Ratio Rank: 72

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Bitcoin 2% Monthly Option Income ETF (BITY) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	-1.13	1.73	-2.86
Sortino ratio: Return per unit of downside risk	-1.73	2.39	-4.11
Omega ratio: Gain probability vs. loss probability	0.81	1.31	-0.50
Calmar ratio: Return relative to maximum drawdown	-0.92	2.43	-3.35
Martin ratio: Return relative to average drawdown	-1.52	10.60	-12.12

BITY vs. VOO - Sharpe Ratio Comparison

The current BITY Sharpe Ratio is -1.13, which is lower than the VOO Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of BITY and VOO, 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. VOO - Drawdown Comparison

The maximum BITY drawdown since its inception was -50.87%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BITY and VOO.

Drawdown Indicators

	BITY	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-50.87%	-33.99%	-16.88%
Max Drawdown (1Y) Largest decline over 1 year	-50.87%	-8.90%	-41.97%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-48.85%	-1.11%	-47.74%
Average Drawdown Average peak-to-trough decline	-22.05%	-3.68%	-18.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.65%	2.04%	+28.61%

Volatility

BITY vs. VOO - Volatility Comparison

Amplify Bitcoin 2% Monthly Option Income ETF (BITY) has a higher volatility of 11.12% compared to Vanguard S&P 500 ETF (VOO) at 4.16%. This indicates that BITY's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITY	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.12%	4.16%	+6.96%
Volatility (6M) Calculated over the trailing 6-month period	32.34%	9.97%	+22.37%
Volatility (1Y) Calculated over the trailing 1-year period	41.37%	12.53%	+28.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.36%	16.93%	+22.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.36%	18.00%	+21.36%

BITY vs. VOO - Expense Ratio Comparison

BITY has a 0.65% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

BITY vs. VOO - Dividend Comparison

BITY's dividend yield for the trailing twelve months is around 40.57%, more than VOO's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BITY Amplify Bitcoin 2% Monthly Option Income ETF	40.57%	21.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.07%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both BITY and VOO in my portfolio?

BITY and VOO have a correlation of 0.48, 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 VOO?

BITY has higher volatility (11.12%) compared to VOO (4.16%). In terms of maximum drawdown, BITY dropped -50.87% vs VOO's -33.99%.

Which ETF is better, BITY or VOO?

On 1-year performance, VOO leads with 21.53% vs -46.57% for BITY. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITY or VOO?

Over the 1-year period, VOO has performed better with a 21.53% return vs -46.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITY or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.65% for BITY.

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

BITY has the higher dividend yield at 40.57%, compared with 1.07% for VOO.

What is the main difference between BITY and VOO?

BITY is categorized as Derivative Income, while VOO is S&P 500. They also come from different issuers: Amplify and Vanguard. Their fees differ too: 0.65% for BITY and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.73 vs -1.13), 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.