EHY vs. BAGY

Last updated Jun 4, 2026

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Ethereum Max Income Covered Call ETF (EHY) and Amplify Bitcoin Max Income Covered Call ETF (BAGY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EHY achieves a -38.15% return, which is significantly lower than BAGY's -21.90% return.

EHY

• 1D: -6.90%
• 1M: -26.11%
• YTD: -38.15%
• 6M: -36.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAGY

• 1D: -2.73%
• 1M: -20.28%
• YTD: -21.90%
• 6M: -24.70%
• 1Y: -37.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EHY vs. BAGY - Yearly Performance Comparison

	2026 (YTD)	2025
EHY Amplify Ethereum Max Income Covered Call ETF	-38.15%	-25.71%
BAGY Amplify Bitcoin Max Income Covered Call ETF	-21.90%	-26.01%

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 10, 2025	0.91

Return for Risk

EHY vs. BAGY — Risk / Return Rank

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

BAGY

BAGY Risk / Return Rank: 2
BAGY Sharpe Ratio Rank: 2
BAGY Sortino Ratio Rank: 2
BAGY Omega Ratio Rank: 2
BAGY Calmar Ratio Rank: 2
BAGY Martin Ratio Rank: 2

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.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EHY	BAGY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.21	-0.66	-0.55

Drawdowns

EHY vs. BAGY - Drawdown Comparison

The maximum EHY drawdown since its inception was -54.05%, which is greater than BAGY's maximum drawdown of -47.52%. Use the drawdown chart below to compare losses from any high point for EHY and BAGY.

Drawdown Indicators

	EHY	BAGY	Difference
Max Drawdown Largest peak-to-trough decline	-54.05%	-47.52%	-6.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-47.52%	—
Current Drawdown Current decline from peak	-54.05%	-45.06%	-8.99%
Average Drawdown Average peak-to-trough decline	-33.13%	-19.61%	-13.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.28%	—

Volatility

Volatility by Period

	EHY	BAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	58.36%	41.93%	+16.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.36%	40.86%	+17.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.36%	40.86%	+17.50%

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 48.29%, less than BAGY's 58.25% yield.

Position	TTM	2025
BAGY Amplify Bitcoin Max Income Covered Call ETF	58.25%	30.16%
EHY Amplify Ethereum Max Income Covered Call ETF	48.29%	8.87%

Frequently Asked Questions

Can I hold both EHY and BAGY in my portfolio?

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.

Which ETF is better, EHY or BAGY?

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.

Which ETF is cheaper, EHY or BAGY?

BAGY is cheaper with a 0.65% expense ratio, compared with 0.75% for EHY.

Which ETF pays a higher dividend yield, EHY or BAGY?

BAGY has the higher dividend yield at 58.25%, compared with 48.29% for EHY.

What is the main difference between EHY and BAGY?

EHY is categorized as Cryptocurrency, while BAGY is Derivative Income. Their fees differ too: 0.75% for EHY and 0.65% for BAGY.