EHY vs. BAGY
EHY (Amplify Ethereum Max Income Covered Call ETF) and BAGY (Amplify Bitcoin Max Income Covered Call ETF) are both exchange-traded funds - EHY is a Cryptocurrency fund actively managed by Amplify, while BAGY is a Derivative Income fund actively managed by Amplify. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. EHY charges 0.75%/yr vs 0.65%/yr for BAGY.
Performance
EHY vs. BAGY - Performance Comparison
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Returns By Period
In the year-to-date period, EHY achieves a -39.18% return, which is significantly lower than BAGY's -24.16% return.
EHY
- 1D
- 8.20%
- 1M
- 6.66%
- 6M
- -42.25%
- YTD
- -39.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BAGY
- 1D
- 4.57%
- 1M
- -0.41%
- 6M
- -30.08%
- YTD
- -24.16%
- 1Y
- -45.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EHY vs. BAGY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EHY Amplify Ethereum Max Income Covered Call ETF | -39.18% | -25.56% |
BAGY Amplify Bitcoin Max Income Covered Call ETF | -24.16% | -27.60% |
Correlation
The correlation between EHY and BAGY is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025 | 0.91 |
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Return for Risk
EHY vs. BAGY — Risk / Return Rank
EHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BAGY
EHY vs. BAGY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Ethereum Max Income Covered Call ETF (EHY) and Amplify Bitcoin Max Income Covered Call ETF (BAGY). 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.
| EHY | BAGY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.82 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.90 | — |
| Martin ratioReturn relative to average drawdown | — | -1.48 | — |
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Drawdowns
EHY vs. BAGY - Drawdown Comparison
The maximum EHY drawdown since its inception was -61.70%, which is greater than BAGY's maximum drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for EHY and BAGY.
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Drawdown Indicators
| EHY | BAGY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.70% | -50.68% | -11.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -50.68% | — |
Current DrawdownCurrent decline from peak | -54.82% | -46.64% | -8.18% |
Average DrawdownAverage peak-to-trough decline | -36.52% | -22.06% | -14.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.58% | — |
Volatility
EHY vs. BAGY - Volatility Comparison
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Volatility by Period
| EHY | BAGY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.58% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.82% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 60.68% | 43.40% | +17.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.68% | 41.23% | +19.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.68% | 41.23% | +19.45% |
EHY vs. BAGY - Expense Ratio Comparison
EHY has a 0.75% expense ratio, which is higher than BAGY's 0.65% expense ratio.
Dividends
EHY vs. BAGY - Dividend Comparison
EHY's dividend yield for the trailing twelve months is around 54.86%, less than BAGY's 57.82% yield.
| Position | TTM | 2025 |
|---|---|---|
BAGY Amplify Bitcoin Max Income Covered Call ETF | 57.82% | 30.16% |
EHY Amplify Ethereum Max Income Covered Call ETF | 54.86% | 8.87% |
Frequently Asked Questions
With a correlation of 0.91, EHY and BAGY 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.
On fees, BAGY is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BAGY is cheaper with a 0.65% expense ratio, compared with 0.75% for EHY.
BAGY has the higher dividend yield at 57.82%, compared with 54.86% for EHY.
EHY is categorized as Cryptocurrency, while BAGY is Derivative Income. Their fees differ too: 0.75% for EHY and 0.65% for BAGY.
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