BITY vs. XYLD

Last updated Aug 1, 2026

BITY (Amplify Bitcoin 2% Monthly Option Income ETF) and XYLD (Global X S&P 500 Covered Call ETF) are both Derivative Income funds. BITY is actively managed, while XYLD is passively managed. Over the past year, BITY returned -43.57% vs 18.90% for XYLD. Their 0.45 correlation means their historical movements had little consistent relationship. BITY charges 0.65%/yr vs 0.60%/yr for XYLD.

Performance

BITY vs. XYLD - Performance Comparison

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

Returns By Period

In the year-to-date period, BITY achieves a -26.11% return, which is significantly lower than XYLD's 8.05% return.

BITY

• 1D: -2.83%
• 1M: 2.10%
• 6M: -23.81%
• YTD: -26.11%
• 1Y: -43.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -26.39%

XYLD

• 1D: 0.49%
• 1M: 1.82%
• 6M: 6.81%
• YTD: 8.05%
• 1Y: 18.90%
• 3Y*: 11.51%
• 5Y*: 7.90%
• 10Y*: 8.34%
• ALL TIME*: 8.37%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BITY Amplify Bitcoin 2% Monthly Option Income ETF	$100.16K	$157.87K	$174.55K
XYLD Global X S&P 500 Covered Call ETF	$36.93M	$37.58M	$32.35M

BITY vs. XYLD - Yearly Performance Comparison

	2026 (YTD)	2025
BITY Amplify Bitcoin 2% Monthly Option Income ETF	-26.11%	-7.84%
XYLD Global X S&P 500 Covered Call ETF	8.05%	14.07%

Correlation

The correlation between BITY and XYLD is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.45

Return for Risk

BITY vs. XYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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

XYLD

XYLD Risk / Return Rank: 93
XYLD Sharpe Ratio Rank: 93
XYLD Sortino Ratio Rank: 94
XYLD Omega Ratio Rank: 95
XYLD Calmar Ratio Rank: 87
XYLD Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BITY vs. XYLD - 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 S&P 500 Covered Call ETF (XYLD). 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	XYLD	Difference
Sharpe ratio: Return per unit of total volatility	-1.10	2.53	-3.63
Sortino ratio: Return per unit of downside risk	-1.66	3.60	-5.26
Omega ratio: Gain probability vs. loss probability	0.82	1.56	-0.75
Calmar ratio: Return relative to maximum drawdown	-0.90	3.40	-4.30
Martin ratio: Return relative to average drawdown	-1.40	17.69	-19.09

BITY vs. XYLD - Sharpe Ratio Comparison

The current BITY Sharpe Ratio is -1.10, which is lower than the XYLD Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of BITY and XYLD, 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. XYLD - Drawdown Comparison

The maximum BITY drawdown since its inception was -50.87%, which is greater than XYLD's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for BITY and XYLD.

Drawdown Indicators

	BITY	XYLD	Difference
Max Drawdown Largest peak-to-trough decline	-50.87%	-33.46%	-17.41%
Max Drawdown (1Y) Largest decline over 1 year	-50.87%	-5.29%	-45.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.46%	—
Current Drawdown Current decline from peak	-47.63%	0.00%	-47.63%
Average Drawdown Average peak-to-trough decline	-23.13%	-3.68%	-19.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.54%	1.02%	+31.52%

Volatility

BITY vs. XYLD - Volatility Comparison

Amplify Bitcoin 2% Monthly Option Income ETF (BITY) has a higher volatility of 9.22% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.92%. This indicates that BITY's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITY	XYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.22%	1.92%	+7.30%
Volatility (6M) Calculated over the trailing 6-month period	31.63%	5.97%	+25.66%
Volatility (1Y) Calculated over the trailing 1-year period	41.58%	7.13%	+34.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.00%	11.27%	+27.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.00%	14.15%	+24.85%

BITY vs. XYLD - Expense Ratio Comparison

BITY has a 0.65% expense ratio, which is higher than XYLD's 0.60% expense ratio.

Dividends

BITY vs. XYLD - Dividend Comparison

BITY's dividend yield for the trailing twelve months is around 37.67%, more than XYLD's 10.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BITY Amplify Bitcoin 2% Monthly Option Income ETF	37.67%	21.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XYLD Global X S&P 500 Covered Call ETF	10.53%	10.51%	11.54%	10.51%	13.43%	9.07%	7.93%	5.76%	7.12%	5.18%	3.23%	4.65%

Frequently Asked Questions

Can I hold both BITY and XYLD in my portfolio?

BITY and XYLD have a correlation of 0.49, 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 XYLD?

BITY has higher volatility (9.22%) compared to XYLD (1.92%). In terms of maximum drawdown, BITY dropped -50.87% vs XYLD's -33.46%.

Which ETF is better, BITY or XYLD?

On 1-year performance, XYLD leads with 18.90% vs -43.57% for BITY. On fees, XYLD is cheaper at 0.60% per year. On volatility, XYLD has been the lower-risk option at 1.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITY or XYLD?

Over the 1-year period, XYLD has performed better with a 18.90% return vs -43.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITY or XYLD?

XYLD is cheaper with a 0.60% expense ratio, compared with 0.65% for BITY.

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

BITY has the higher dividend yield at 37.67%, compared with 10.53% for XYLD.

What is the main difference between BITY and XYLD?

They also come from different issuers: Amplify and Global X. Their fees differ too: 0.65% for BITY and 0.60% for XYLD.

Which has better risk-adjusted returns?

XYLD currently has the higher Sharpe Ratio (2.53 vs -1.10), 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.