GAMR vs. BAGY

Last updated Jun 4, 2026

GAMR (Amplify Video Game Leaders ETF) and BAGY (Amplify Bitcoin Max Income Covered Call ETF) are both exchange-traded funds - GAMR is a Gaming fund tracking the VettaFi Video Game Leaders Index, while BAGY is a Derivative Income fund actively managed by Amplify. GAMR is passively managed, while BAGY is actively managed. Over the past year, GAMR returned 19.82% vs -37.04% for BAGY. At a 0.44 correlation, their price movements are largely independent. GAMR charges 0.59%/yr vs 0.65%/yr for BAGY.

Performance

GAMR vs. BAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Video Game Leaders ETF (GAMR) 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, GAMR achieves a 3.68% return, which is significantly higher than BAGY's -21.90% return.

GAMR

• 1D: -0.83%
• 1M: 13.55%
• YTD: 3.68%
• 6M: 1.71%
• 1Y: 19.82%
• 3Y*: 16.12%
• 5Y*: -0.52%
• 10Y*: 12.82%

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)

GAMR vs. BAGY - Yearly Performance Comparison

	2026 (YTD)	2025
GAMR Amplify Video Game Leaders ETF	3.68%	33.49%
BAGY Amplify Bitcoin Max Income Covered Call ETF	-21.90%	-8.88%

Correlation

The correlation between GAMR 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

GAMR vs. BAGY - Sectors Allocation Comparison

Sectors	GAMR	BAGY
Technology	66.0%	-
Communication Services	25.0%	-
Consumer Cyclical	8.7%	-
Financial Services	0.1%	26.5%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

GAMR vs. BAGY — Risk / Return Rank

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

GAMR

GAMR Risk / Return Rank: 21
GAMR Sharpe Ratio Rank: 25
GAMR Sortino Ratio Rank: 24
GAMR Omega Ratio Rank: 25
GAMR Calmar Ratio Rank: 17
GAMR Martin Ratio Rank: 16

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.

GAMR vs. BAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Video Game Leaders ETF (GAMR) 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.

	GAMR	BAGY	Difference
Sharpe ratio: Return per unit of total volatility	0.89	-0.89	+1.78
Sortino ratio: Return per unit of downside risk	1.30	-1.20	+2.50
Omega ratio: Gain probability vs. loss probability	1.17	0.86	+0.31
Calmar ratio: Return relative to maximum drawdown	0.68	-0.78	+1.46
Martin ratio: Return relative to average drawdown	1.55	-1.41	+2.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GAMR vs. BAGY - Sharpe Ratio Comparison

The current GAMR Sharpe Ratio is 0.89, which is higher than the BAGY Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of GAMR 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

	GAMR	BAGY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	-0.89	+1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	-0.66	+1.23

Drawdowns

GAMR vs. BAGY - Drawdown Comparison

The maximum GAMR drawdown since its inception was -55.37%, which is greater than BAGY's maximum drawdown of -47.52%. Use the drawdown chart below to compare losses from any high point for GAMR and BAGY.

Drawdown Indicators

	GAMR	BAGY	Difference
Max Drawdown Largest peak-to-trough decline	-55.37%	-47.52%	-7.85%
Max Drawdown (1Y) Largest decline over 1 year	-29.36%	-47.52%	+18.16%
Max Drawdown (3Y) Largest decline over 3 years	-29.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-50.57%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-55.37%	—	—
Current Drawdown Current decline from peak	-13.61%	-45.06%	+31.45%
Average Drawdown Average peak-to-trough decline	-22.13%	-19.61%	-2.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.82%	26.28%	-13.46%

Volatility

GAMR vs. BAGY - Volatility Comparison

The current volatility for Amplify Video Game Leaders ETF (GAMR) is 5.88%, while Amplify Bitcoin Max Income Covered Call ETF (BAGY) has a volatility of 9.89%. This indicates that GAMR 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

	GAMR	BAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.88%	9.89%	-4.01%
Volatility (6M) Calculated over the trailing 6-month period	17.37%	33.39%	-16.02%
Volatility (1Y) Calculated over the trailing 1-year period	22.32%	41.93%	-19.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.35%	40.86%	-16.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.27%	40.86%	-16.59%

GAMR vs. BAGY - Expense Ratio Comparison

GAMR has a 0.59% expense ratio, which is lower than BAGY's 0.65% expense ratio.

Dividends

GAMR vs. BAGY - Dividend Comparison

GAMR's dividend yield for the trailing twelve months is around 0.50%, 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%
GAMR Amplify Video Game Leaders ETF	0.50%	0.52%	0.63%

Frequently Asked Questions

Can I hold both GAMR and BAGY in my portfolio?

GAMR 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, GAMR or BAGY?

BAGY has higher volatility (9.89%) compared to GAMR (5.88%). In terms of maximum drawdown, GAMR dropped -55.37% vs BAGY's -47.52%.

Which ETF is better, GAMR or BAGY?

On 1-year performance, GAMR leads with 19.82% vs -37.04% for BAGY. On fees, GAMR is cheaper at 0.59% per year. On volatility, GAMR has been the lower-risk option at 5.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GAMR or BAGY?

Over the 1-year period, GAMR has performed better with a 19.82% return vs -37.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GAMR or BAGY?

GAMR is cheaper with a 0.59% expense ratio, compared with 0.65% for BAGY.

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

BAGY has the higher dividend yield at 58.25%, compared with 0.50% for GAMR.

What is the main difference between GAMR and BAGY?

GAMR is categorized as Gaming, while BAGY is Derivative Income. Their fees differ too: 0.59% for GAMR and 0.65% for BAGY.

Which has better risk-adjusted returns?

GAMR currently has the higher Sharpe Ratio (0.89 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.