HACK vs. BAGY

Last updated Jul 17, 2026

HACK (Amplify Cybersecurity ETF) and BAGY (Amplify Bitcoin Max Income Covered Call ETF) are both exchange-traded funds - HACK is a Technology Equities fund tracking the Nasdaq ISE Cyber Security Select Index, while BAGY is a Derivative Income fund actively managed by Amplify. HACK is passively managed, while BAGY is actively managed. Over the past year, HACK returned 31.36% vs -45.35% for BAGY. At a 0.33 correlation, their price movements are largely independent. HACK charges 0.60%/yr vs 0.65%/yr for BAGY.

Performance

HACK vs. BAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Cybersecurity ETF (HACK) 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, HACK achieves a 36.99% return, which is significantly higher than BAGY's -24.48% return.

HACK

• 1D: -1.02%
• 1M: 14.80%
• 6M: 37.75%
• YTD: 36.99%
• 1Y: 31.36%
• 3Y*: 29.27%
• 5Y*: 12.92%
• 10Y*: 16.35%

BAGY

• 1D: -1.15%
• 1M: -4.23%
• 6M: -31.05%
• YTD: -24.48%
• 1Y: -45.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HACK vs. BAGY - Yearly Performance Comparison

	2026 (YTD)	2025
HACK Amplify Cybersecurity ETF	36.99%	8.97%
BAGY Amplify Bitcoin Max Income Covered Call ETF	-24.48%	-8.33%

Correlation

The correlation between HACK and BAGY is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.33

Return for Risk

HACK vs. BAGY — Risk / Return Rank

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

HACK

HACK Risk / Return Rank: 36
HACK Sharpe Ratio Rank: 39
HACK Sortino Ratio Rank: 38
HACK Omega Ratio Rank: 38
HACK Calmar Ratio Rank: 36
HACK Martin Ratio Rank: 31

BAGY

BAGY Risk / Return Rank: 1
BAGY Sharpe Ratio Rank: 1
BAGY Sortino Ratio Rank: 2
BAGY Omega Ratio Rank: 1
BAGY Calmar Ratio Rank: 1
BAGY Martin Ratio Rank: 1

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.

HACK vs. BAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Cybersecurity ETF (HACK) 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.

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.

	HACK	BAGY	Difference
Sharpe ratio: Return per unit of total volatility	1.17	-1.05	+2.22
Sortino ratio: Return per unit of downside risk	1.68	-1.56	+3.25
Omega ratio: Gain probability vs. loss probability	1.21	0.82	+0.39
Calmar ratio: Return relative to maximum drawdown	1.52	-0.90	+2.42
Martin ratio: Return relative to average drawdown	3.59	-1.47	+5.06

HACK vs. BAGY - Sharpe Ratio Comparison

The current HACK Sharpe Ratio is 1.17, which is higher than the BAGY Sharpe Ratio of -1.05. The chart below compares the historical Sharpe Ratios of HACK 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.

Drawdowns

HACK vs. BAGY - Drawdown Comparison

The maximum HACK drawdown since its inception was -42.68%, smaller than the maximum BAGY drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for HACK and BAGY.

Drawdown Indicators

	HACK	BAGY	Difference
Max Drawdown Largest peak-to-trough decline	-42.68%	-50.68%	+8.00%
Max Drawdown (1Y) Largest decline over 1 year	-20.67%	-50.68%	+30.01%
Max Drawdown (3Y) Largest decline over 3 years	-21.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.68%	—	—
Current Drawdown Current decline from peak	-3.67%	-46.87%	+43.20%
Average Drawdown Average peak-to-trough decline	-11.57%	-22.22%	+10.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.76%	30.86%	-22.10%

Volatility

HACK vs. BAGY - Volatility Comparison

The current volatility for Amplify Cybersecurity ETF (HACK) is 9.31%, while Amplify Bitcoin Max Income Covered Call ETF (BAGY) has a volatility of 11.19%. This indicates that HACK 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

	HACK	BAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.31%	11.19%	-1.88%
Volatility (6M) Calculated over the trailing 6-month period	23.45%	34.64%	-11.19%
Volatility (1Y) Calculated over the trailing 1-year period	27.02%	43.30%	-16.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.60%	41.11%	-16.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.33%	41.11%	-17.78%

HACK vs. BAGY - Expense Ratio Comparison

HACK has a 0.60% expense ratio, which is lower than BAGY's 0.65% expense ratio.

Dividends

HACK vs. BAGY - Dividend Comparison

HACK's dividend yield for the trailing twelve months is around 0.05%, less than BAGY's 58.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BAGY Amplify Bitcoin Max Income Covered Call ETF	58.07%	30.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HACK Amplify Cybersecurity ETF	0.05%	0.07%	0.14%	0.20%	0.24%	0.26%	1.11%	0.14%	0.09%	0.01%	1.23%

Frequently Asked Questions

Can I hold both HACK and BAGY in my portfolio?

HACK and BAGY have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HACK or BAGY?

BAGY has higher volatility (11.19%) compared to HACK (9.31%). In terms of maximum drawdown, HACK dropped -42.68% vs BAGY's -50.68%.

Which ETF is better, HACK or BAGY?

On 1-year performance, HACK leads with 31.36% vs -45.35% for BAGY. On fees, HACK is cheaper at 0.60% per year. On volatility, HACK has been the lower-risk option at 9.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HACK or BAGY?

Over the 1-year period, HACK has performed better with a 31.36% return vs -45.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HACK or BAGY?

HACK is cheaper with a 0.60% expense ratio, compared with 0.65% for BAGY.

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

BAGY has the higher dividend yield at 58.07%, compared with 0.05% for HACK.

What is the main difference between HACK and BAGY?

HACK is categorized as Technology Equities, while BAGY is Derivative Income. Their fees differ too: 0.60% for HACK and 0.65% for BAGY.

Which has better risk-adjusted returns?

HACK currently has the higher Sharpe Ratio (1.17 vs -1.05), 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.