EHY vs. BTOP

Last updated Apr 2, 2026

Compare and contrast key facts about Amplify Ethereum Max Income Covered Call ETF (EHY) and Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP).

EHY and BTOP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EHY is an actively managed fund by Amplify. It was launched on Oct 8, 2025. BTOP is an actively managed fund by Bitwise. It was launched on Sep 29, 2023.

Performance

EHY vs. BTOP - Performance Comparison

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

EHY vs. BTOP - Yearly Performance Comparison

	2026 (YTD)	2025
EHY Amplify Ethereum Max Income Covered Call ETF	-25.41%	-25.71%
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF	-1.48%	-15.48%

Returns By Period

In the year-to-date period, EHY achieves a -25.41% return, which is significantly lower than BTOP's -1.48% return.

EHY

• 1D: 2.24%
• 1M: 0.60%
• YTD: -25.41%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTOP

• 1D: 0.05%
• 1M: 1.87%
• YTD: -1.48%
• 6M: -18.56%
• 1Y: 12.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EHY vs. BTOP - Expense Ratio Comparison

EHY has a 0.75% expense ratio, which is lower than BTOP's 0.90% expense ratio.

BTOP

Bitwise Bitcoin And Ether Equal Weight Strategy ETF

EHY

Amplify Ethereum Max Income Covered Call ETF

Return for Risk

EHY vs. BTOP — Risk / Return Rank

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

BTOP

BTOP Risk / Return Rank: 21
BTOP Sharpe Ratio Rank: 20
BTOP Sortino Ratio Rank: 25
BTOP Omega Ratio Rank: 27
BTOP Calmar Ratio Rank: 18
BTOP Martin Ratio Rank: 15

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. BTOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Ethereum Max Income Covered Call ETF (EHY) and Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP). 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	BTOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.14	0.63	-1.76

Correlation

The correlation between EHY and BTOP is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EHY vs. BTOP - Dividend Comparison

EHY's dividend yield for the trailing twelve months is around 28.33%, more than BTOP's 2.42% yield.

	TTM	2025	2024	2023
EHY Amplify Ethereum Max Income Covered Call ETF	28.33%	8.87%	0.00%	0.00%
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF	2.42%	2.38%	59.44%	5.82%

Drawdowns

EHY vs. BTOP - Drawdown Comparison

The maximum EHY drawdown since its inception was -51.48%, which is greater than BTOP's maximum drawdown of -43.37%. Use the drawdown chart below to compare losses from any high point for EHY and BTOP.

Drawdown Indicators

	EHY	BTOP	Difference
Max Drawdown Largest peak-to-trough decline	-51.48%	-43.37%	-8.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.35%	—
Current Drawdown Current decline from peak	-44.58%	-30.49%	-14.09%
Average Drawdown Average peak-to-trough decline	-30.01%	-18.79%	-11.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.41%	—

Volatility

Volatility by Period

	EHY	BTOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	63.09%	36.45%	+26.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.09%	47.13%	+15.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.09%	47.13%	+15.96%