EHY vs. MSBT

Last updated Jun 4, 2026

EHY (Amplify Ethereum Max Income Covered Call ETF) and MSBT (Morgan Stanley Bitcoin Trust) are both Cryptocurrency funds. EHY is actively managed, while MSBT is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. EHY charges 0.75%/yr vs 0.14%/yr for MSBT.

Performance

EHY vs. MSBT - Performance Comparison

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

Returns By Period

EHY

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

MSBT

• 1D: -2.70%
• 1M: -18.41%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EHY vs. MSBT - Yearly Performance Comparison

	2026 (YTD)
EHY Amplify Ethereum Max Income Covered Call ETF	-20.16%
MSBT Morgan Stanley Bitcoin Trust	-8.40%

Correlation

The correlation between EHY and MSBT is 0.92, 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 Apr 9, 2026	0.92

Return for Risk

EHY vs. MSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Ethereum Max Income Covered Call ETF (EHY) and Morgan Stanley Bitcoin Trust (MSBT). 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	MSBT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.21	-1.33	+0.13

Drawdowns

EHY vs. MSBT - Drawdown Comparison

The maximum EHY drawdown since its inception was -54.05%, which is greater than MSBT's maximum drawdown of -20.25%. Use the drawdown chart below to compare losses from any high point for EHY and MSBT.

Drawdown Indicators

	EHY	MSBT	Difference
Max Drawdown Largest peak-to-trough decline	-54.05%	-20.25%	-33.80%
Current Drawdown Current decline from peak	-54.05%	-20.25%	-33.80%
Average Drawdown Average peak-to-trough decline	-33.13%	-3.91%	-29.22%

Volatility

Volatility by Period

	EHY	MSBT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	58.36%	32.92%	+25.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.36%	32.92%	+25.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.36%	32.92%	+25.44%

EHY vs. MSBT - Expense Ratio Comparison

EHY has a 0.75% expense ratio, which is higher than MSBT's 0.14% expense ratio.

Dividends

EHY vs. MSBT - Dividend Comparison

EHY's dividend yield for the trailing twelve months is around 48.29%, while MSBT has not paid dividends to shareholders.

Position	TTM	2025
EHY Amplify Ethereum Max Income Covered Call ETF	48.29%	8.87%
MSBT Morgan Stanley Bitcoin Trust	0.00%	0.00%

Frequently Asked Questions

Can I hold both EHY and MSBT in my portfolio?

With a correlation of 0.92, EHY and MSBT 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 MSBT?

On fees, MSBT is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EHY or MSBT?

MSBT is cheaper with a 0.14% expense ratio, compared with 0.75% for EHY.

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

EHY has the higher dividend yield at 48.29%, compared with 0.00% for MSBT.

What is the main difference between EHY and MSBT?

They also come from different issuers: Amplify and Morgan Stanley. Their fees differ too: 0.75% for EHY and 0.14% for MSBT.