BTF vs. BITY
BTF (Valkyrie Bitcoin and Ether Strategy ETF) and BITY (Amplify Bitcoin 2% Monthly Option Income ETF) are both exchange-traded funds - BTF is a Cryptocurrency fund actively managed by Valkyrie, while BITY is a Derivative Income fund actively managed by Amplify. Both are actively managed. Over the past year, BTF returned -36.03% vs -38.86% for BITY. Their correlation of 0.93 suggests significant overlap in exposure. BTF charges 1.24%/yr vs 0.65%/yr for BITY.
Performance
BTF vs. BITY - Performance Comparison
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Returns By Period
In the year-to-date period, BTF achieves a -37.72% return, which is significantly lower than BITY's -26.32% return.
BTF
- 1D
- -3.72%
- 1M
- -18.83%
- YTD
- -37.72%
- 6M
- -37.84%
- 1Y
- -36.03%
- 3Y*
- 5.96%
- 5Y*
- —
- 10Y*
- —
BITY
- 1D
- -3.55%
- 1M
- -17.96%
- YTD
- -26.32%
- 6M
- -26.36%
- 1Y
- -38.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTF vs. BITY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTF Valkyrie Bitcoin and Ether Strategy ETF | -37.72% | 21.44% |
BITY Amplify Bitcoin 2% Monthly Option Income ETF | -26.32% | -7.84% |
Correlation
The correlation between BTF and BITY is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.93 |
The correlation between BTF and BITY has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
BTF vs. BITY — Risk / Return Rank
BTF
BITY
BTF vs. BITY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin and Ether Strategy ETF (BTF) and Amplify Bitcoin 2% Monthly Option Income ETF (BITY). 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.
| BTF | BITY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.85 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | -0.78 | +0.19 |
| Martin ratioReturn relative to average drawdown | -1.01 | -1.36 | +0.36 |
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Drawdowns
BTF vs. BITY - Drawdown Comparison
The maximum BTF drawdown since its inception was -77.50%, which is greater than BITY's maximum drawdown of -50.04%. Use the drawdown chart below to compare losses from any high point for BTF and BITY.
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Drawdown Indicators
| BTF | BITY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.50% | -50.04% | -27.46% |
Max Drawdown (1Y)Largest decline over 1 year | -60.85% | -50.04% | -10.81% |
Max Drawdown (3Y)Largest decline over 3 years | -60.85% | — | — |
Current DrawdownCurrent decline from peak | -59.27% | -47.77% | -11.50% |
Average DrawdownAverage peak-to-trough decline | -39.85% | -20.84% | -19.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.81% | 28.55% | +7.26% |
Volatility
BTF vs. BITY - Volatility Comparison
Valkyrie Bitcoin and Ether Strategy ETF (BTF) has a higher volatility of 15.71% compared to Amplify Bitcoin 2% Monthly Option Income ETF (BITY) at 13.74%. This indicates that BTF's price experiences larger fluctuations and is considered to be riskier than BITY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTF | BITY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.71% | 13.74% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 39.94% | 31.91% | +8.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.04% | 41.04% | +14.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.48% | 39.52% | +18.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.48% | 39.52% | +18.96% |
BTF vs. BITY - Expense Ratio Comparison
BTF has a 1.24% expense ratio, which is higher than BITY's 0.65% expense ratio.
Dividends
BTF vs. BITY - Dividend Comparison
BTF's dividend yield for the trailing twelve months is around 233.68%, more than BITY's 41.39% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITY Amplify Bitcoin 2% Monthly Option Income ETF | 41.39% | 21.53% | 0.00% | 0.00% |
BTF Valkyrie Bitcoin and Ether Strategy ETF | 233.68% | 146.05% | 52.96% | 15.98% |
Frequently Asked Questions
With a correlation of 0.94, BTF and BITY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BTF has higher volatility (15.71%) compared to BITY (13.74%). In terms of maximum drawdown, BTF dropped -77.50% vs BITY's -50.04%.
On 1-year performance, BTF leads with -36.03% vs -38.86% for BITY. On fees, BITY is cheaper at 0.65% per year. On volatility, BITY has been the lower-risk option at 13.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTF has performed better with a -36.03% return vs -38.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BITY is cheaper with a 0.65% expense ratio, compared with 1.24% for BTF.
BTF has the higher dividend yield at 233.68%, compared with 41.39% for BITY.
BTF is categorized as Cryptocurrency, while BITY is Derivative Income. They also come from different issuers: Valkyrie and Amplify. Their fees differ too: 1.24% for BTF and 0.65% for BITY.
BTF currently has the higher Sharpe Ratio (-0.66 vs -0.95), 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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