EHY vs. BTCZ

Last updated Jul 16, 2026

EHY (Amplify Ethereum Max Income Covered Call ETF) and BTCZ (T-Rex 2X Inverse Bitcoin Daily Target ETF) are both Cryptocurrency funds. Both are actively managed. At a correlation of -0.90, they often move in opposite directions. EHY charges 0.75%/yr vs 0.95%/yr for BTCZ.

Performance

EHY vs. BTCZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Ethereum Max Income Covered Call ETF (EHY) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EHY achieves a -37.68% return, which is significantly lower than BTCZ's 26.96% return.

EHY

• 1D: 2.47%
• 1M: 2.26%
• 6M: -42.96%
• YTD: -37.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCZ

• 1D: -1.29%
• 1M: 2.00%
• 6M: 60.99%
• YTD: 26.96%
• 1Y: 85.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EHY vs. BTCZ - Yearly Performance Comparison

	2026 (YTD)	2025
EHY Amplify Ethereum Max Income Covered Call ETF	-37.68%	-25.56%
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	26.96%	74.72%

Correlation

The correlation between EHY and BTCZ is -0.90, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	-0.90

Return for Risk

EHY vs. BTCZ — Risk / Return Rank

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

EHY

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

BTCZ

BTCZ Risk / Return Rank: 36
BTCZ Sharpe Ratio Rank: 32
BTCZ Sortino Ratio Rank: 39
BTCZ Omega Ratio Rank: 36
BTCZ Calmar Ratio Rank: 41
BTCZ Martin Ratio Rank: 32

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. BTCZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Ethereum Max Income Covered Call ETF (EHY) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). 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	BTCZ	Difference
Sharpe ratio: Return per unit of total volatility	—	0.97	—
Sortino ratio: Return per unit of downside risk	—	1.71	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.76	—
Martin ratio: Return relative to average drawdown	—	3.92	—

Drawdowns

EHY vs. BTCZ - Drawdown Comparison

The maximum EHY drawdown since its inception was -61.70%, smaller than the maximum BTCZ drawdown of -91.06%. Use the drawdown chart below to compare losses from any high point for EHY and BTCZ.

Drawdown Indicators

	EHY	BTCZ	Difference
Max Drawdown Largest peak-to-trough decline	-61.70%	-91.06%	+29.36%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.02%	—
Current Drawdown Current decline from peak	-53.70%	-79.53%	+25.83%
Average Drawdown Average peak-to-trough decline	-36.61%	-73.78%	+37.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.92%	—

Volatility

Volatility by Period

	EHY	BTCZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	23.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	69.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	60.61%	89.03%	-28.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.61%	96.47%	-35.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.61%	96.47%	-35.86%

EHY vs. BTCZ - Expense Ratio Comparison

EHY has a 0.75% expense ratio, which is lower than BTCZ's 0.95% expense ratio.

Dividends

EHY vs. BTCZ - Dividend Comparison

EHY's dividend yield for the trailing twelve months is around 53.54%, more than BTCZ's 0.01% yield.

Position	TTM	2025	2024
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	0.01%	0.02%	0.08%
EHY Amplify Ethereum Max Income Covered Call ETF	53.54%	8.87%	0.00%

Frequently Asked Questions

Can I hold both EHY and BTCZ in my portfolio?

EHY and BTCZ have a correlation of -0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EHY or BTCZ?

On fees, EHY is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EHY or BTCZ?

EHY is cheaper with a 0.75% expense ratio, compared with 0.95% for BTCZ.

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

EHY has the higher dividend yield at 53.54%, compared with 0.01% for BTCZ.

What is the main difference between EHY and BTCZ?

They also come from different issuers: Amplify and T-Rex. Their fees differ too: 0.75% for EHY and 0.95% for BTCZ.