ETHO vs. BAGY

Last updated Jun 4, 2026

ETHO (Amplify Etho Climate Leadership U.S. ETF) and BAGY (Amplify Bitcoin Max Income Covered Call ETF) are both exchange-traded funds - ETHO is a Mid Cap Blend Equities fund tracking the Etho Climate Leadership Index, while BAGY is a Derivative Income fund actively managed by Amplify. ETHO is passively managed, while BAGY is actively managed. Over the past year, ETHO returned 34.51% vs -37.04% for BAGY. At a 0.44 correlation, their price movements are largely independent. ETHO charges 0.45%/yr vs 0.65%/yr for BAGY.

Performance

ETHO vs. BAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Etho Climate Leadership U.S. ETF (ETHO) 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, ETHO achieves a 17.28% return, which is significantly higher than BAGY's -21.90% return.

ETHO

• 1D: -0.81%
• 1M: 4.96%
• YTD: 17.28%
• 6M: 16.47%
• 1Y: 34.51%
• 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)

ETHO vs. BAGY - Yearly Performance Comparison

	2026 (YTD)	2025
ETHO Amplify Etho Climate Leadership U.S. ETF	17.28%	22.90%
BAGY Amplify Bitcoin Max Income Covered Call ETF	-21.90%	-8.88%

Correlation

The correlation between ETHO and BAGY is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025	0.44

ETHO vs. BAGY - Sectors Allocation Comparison

Sectors	ETHO	BAGY
Technology	26.3%	-
Industrials	16.7%	-
Financial Services	13.0%	26.5%
Healthcare	11.6%	-
Consumer Cyclical	10.8%	-
Real Estate	6.5%	-
Consumer Defensive	4.7%	-
Communication Services	4.5%	-
Basic Materials	3.1%	-
Utilities	2.5%	-
Energy	0.4%	-

Return for Risk

ETHO vs. BAGY — Risk / Return Rank

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

ETHO

ETHO Risk / Return Rank: 64
ETHO Sharpe Ratio Rank: 58
ETHO Sortino Ratio Rank: 59
ETHO Omega Ratio Rank: 54
ETHO Calmar Ratio Rank: 75
ETHO Martin Ratio Rank: 76

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.

ETHO vs. BAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Etho Climate Leadership U.S. ETF (ETHO) 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.

	ETHO	BAGY	Difference
Sharpe ratio: Return per unit of total volatility	1.97	-0.89	+2.86
Sortino ratio: Return per unit of downside risk	2.79	-1.20	+3.99
Omega ratio: Gain probability vs. loss probability	1.34	0.86	+0.48
Calmar ratio: Return relative to maximum drawdown	3.75	-0.78	+4.53
Martin ratio: Return relative to average drawdown	14.52	-1.41	+15.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETHO vs. BAGY - Sharpe Ratio Comparison

The current ETHO Sharpe Ratio is 1.97, which is higher than the BAGY Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of ETHO and BAGY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ETHO	BAGY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	-0.89	+2.86
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	-0.66	+1.45

Drawdowns

ETHO vs. BAGY - Drawdown Comparison

The maximum ETHO drawdown since its inception was -25.50%, smaller than the maximum BAGY drawdown of -47.52%. Use the drawdown chart below to compare losses from any high point for ETHO and BAGY.

Drawdown Indicators

	ETHO	BAGY	Difference
Max Drawdown Largest peak-to-trough decline	-25.50%	-47.52%	+22.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.25%	-47.52%	+38.27%
Current Drawdown Current decline from peak	-0.81%	-45.06%	+44.25%
Average Drawdown Average peak-to-trough decline	-4.50%	-19.61%	+15.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	26.28%	-23.90%

Volatility

ETHO vs. BAGY - Volatility Comparison

The current volatility for Amplify Etho Climate Leadership U.S. ETF (ETHO) is 4.11%, while Amplify Bitcoin Max Income Covered Call ETF (BAGY) has a volatility of 9.89%. This indicates that ETHO experiences smaller price fluctuations and is considered to be less risky than BAGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETHO	BAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.11%	9.89%	-5.78%
Volatility (6M) Calculated over the trailing 6-month period	12.77%	33.39%	-20.62%
Volatility (1Y) Calculated over the trailing 1-year period	17.64%	41.93%	-24.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.40%	40.86%	-21.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.40%	40.86%	-21.46%

ETHO vs. BAGY - Expense Ratio Comparison

ETHO has a 0.45% expense ratio, which is lower than BAGY's 0.65% expense ratio.

Dividends

ETHO vs. BAGY - Dividend Comparison

ETHO's dividend yield for the trailing twelve months is around 0.73%, less than BAGY's 58.25% yield.

Position	TTM	2025	2024
BAGY Amplify Bitcoin Max Income Covered Call ETF	58.25%	30.16%	0.00%
ETHO Amplify Etho Climate Leadership U.S. ETF	0.73%	0.86%	0.69%

Frequently Asked Questions

Can I hold both ETHO and BAGY in my portfolio?

ETHO and BAGY have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETHO or BAGY?

BAGY has higher volatility (9.89%) compared to ETHO (4.11%). In terms of maximum drawdown, ETHO dropped -25.50% vs BAGY's -47.52%.

Which ETF is better, ETHO or BAGY?

On 1-year performance, ETHO leads with 34.51% vs -37.04% for BAGY. On fees, ETHO is cheaper at 0.45% per year. On volatility, ETHO has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETHO or BAGY?

Over the 1-year period, ETHO has performed better with a 34.51% return vs -37.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETHO or BAGY?

ETHO is cheaper with a 0.45% expense ratio, compared with 0.65% for BAGY.

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

BAGY has the higher dividend yield at 58.25%, compared with 0.73% for ETHO.

What is the main difference between ETHO and BAGY?

ETHO is categorized as Mid Cap Blend Equities, while BAGY is Derivative Income. Their fees differ too: 0.45% for ETHO and 0.65% for BAGY.

Which has better risk-adjusted returns?

ETHO currently has the higher Sharpe Ratio (1.97 vs -0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.