FLQL vs. BITY
FLQL (Franklin LibertyQ U.S. Equity ETF) and BITY (Amplify Bitcoin 2% Monthly Option Income ETF) are both exchange-traded funds - FLQL is a Large Cap Growth Equities fund tracking the LibertyQ U.S. Large Cap Equity Index, while BITY is a Derivative Income fund actively managed by Amplify. FLQL is passively managed, while BITY is actively managed. Over the past year, FLQL returned 24.07% vs -42.71% for BITY. Their 0.44 correlation means their historical movements had little consistent relationship. FLQL charges 0.15%/yr vs 0.65%/yr for BITY.
Performance
FLQL vs. BITY - Performance Comparison
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Returns By Period
In the year-to-date period, FLQL achieves a 13.02% return, which is significantly higher than BITY's -24.98% return.
FLQL
- 1D
- 1.19%
- 1M
- 1.31%
- 6M
- 9.21%
- YTD
- 13.02%
- 1Y
- 24.07%
- 3Y*
- 21.95%
- 5Y*
- 13.76%
- 10Y*
- —
- ALL TIME*
- 14.75%
BITY
- 1D
- 1.53%
- 1M
- 3.66%
- 6M
- -17.08%
- YTD
- -24.98%
- 1Y
- -42.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -25.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $96.90K | $160.98K | $174.76K | |
| $7.69M | $6.06M | $6.47M |
FLQL vs. BITY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FLQL Franklin LibertyQ U.S. Equity ETF | 13.02% | 25.05% |
BITY Amplify Bitcoin 2% Monthly Option Income ETF | -24.98% | -7.84% |
Correlation
The correlation between FLQL and BITY is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.44 |
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Return for Risk
FLQL vs. BITY — Risk / Return Rank
FLQL
BITY
FLQL vs. BITY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin LibertyQ U.S. Equity ETF (FLQL) and Amplify Bitcoin 2% Monthly Option Income ETF (BITY). 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.
| FLQL | BITY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.75 | ||
| Sortino ratioReturn per unit of downside risk | +3.96 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.83 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | -0.84 | +3.51 |
| Martin ratioReturn relative to average drawdown | 11.86 | -1.31 | +13.17 |
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Drawdowns
FLQL vs. BITY - Drawdown Comparison
The maximum FLQL drawdown since its inception was -33.64%, smaller than the maximum BITY drawdown of -50.87%. Use the drawdown chart below to compare losses from any high point for FLQL and BITY.
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Drawdown Indicators
| FLQL | BITY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.64% | -50.87% | +17.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -50.87% | +41.82% |
Max Drawdown (3Y)Largest decline over 3 years | -19.32% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.41% | — | — |
Current DrawdownCurrent decline from peak | -0.53% | -46.83% | +46.30% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -23.20% | +19.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 32.67% | -30.64% |
Volatility
FLQL vs. BITY - Volatility Comparison
The current volatility for Franklin LibertyQ U.S. Equity ETF (FLQL) is 4.49%, while Amplify Bitcoin 2% Monthly Option Income ETF (BITY) has a volatility of 9.05%. This indicates that FLQL experiences smaller price fluctuations and is considered to be less risky than BITY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLQL | BITY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 9.05% | -4.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.45% | 31.67% | -20.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.09% | 41.56% | -27.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 38.97% | -22.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 38.97% | -21.48% |
FLQL vs. BITY - Expense Ratio Comparison
FLQL has a 0.15% expense ratio, which is lower than BITY's 0.65% expense ratio.
Dividends
FLQL vs. BITY - Dividend Comparison
FLQL's dividend yield for the trailing twelve months is around 1.02%, less than BITY's 37.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BITY Amplify Bitcoin 2% Monthly Option Income ETF | 37.11% | 21.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLQL Franklin LibertyQ U.S. Equity ETF | 1.02% | 1.10% | 1.13% | 1.50% | 2.07% | 1.81% | 1.99% | 1.78% | 1.82% | 1.22% |
Frequently Asked Questions
FLQL and BITY 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.
BITY has higher volatility (9.05%) compared to FLQL (4.49%). In terms of maximum drawdown, FLQL dropped -33.64% vs BITY's -50.87%.
On 1-year performance, FLQL leads with 24.07% vs -42.71% for BITY. On fees, FLQL is cheaper at 0.15% per year. On volatility, FLQL has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FLQL has performed better with a 24.07% return vs -42.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLQL is cheaper with a 0.15% expense ratio, compared with 0.65% for BITY.
BITY has the higher dividend yield at 37.11%, compared with 1.02% for FLQL.
FLQL is categorized as Large Cap Growth Equities, while BITY is Derivative Income. They also come from different issuers: Franklin Templeton and Amplify. Their fees differ too: 0.15% for FLQL and 0.65% for BITY.
FLQL currently has the higher Sharpe Ratio (1.72 vs -1.03), 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.
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