KSA vs. BITY
KSA (iShares MSCI Saudi Arabia ETF) and BITY (Amplify Bitcoin 2% Monthly Option Income ETF) are both exchange-traded funds - KSA is a Emerging Markets Equities fund tracking the MSCI Saudi Arabia Investable Market Index (IMI) 25/50 Index, while BITY is a Derivative Income fund actively managed by Amplify. KSA is passively managed, while BITY is actively managed. Over the past year, KSA returned -1.95% vs -46.57% for BITY. At a 0.22 correlation, their price movements are largely independent. KSA charges 0.74%/yr vs 0.65%/yr for BITY.
Performance
KSA vs. BITY - Performance Comparison
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Returns By Period
In the year-to-date period, KSA achieves a 3.48% return, which is significantly higher than BITY's -27.84% return.
KSA
- 1D
- -0.38%
- 1M
- -4.32%
- 6M
- -0.38%
- YTD
- 3.48%
- 1Y
- -1.95%
- 3Y*
- -1.39%
- 5Y*
- 1.62%
- 10Y*
- 7.27%
BITY
- 1D
- -3.03%
- 1M
- -3.75%
- 6M
- -31.18%
- YTD
- -27.84%
- 1Y
- -46.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KSA vs. BITY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KSA iShares MSCI Saudi Arabia ETF | 3.48% | -8.23% |
BITY Amplify Bitcoin 2% Monthly Option Income ETF | -27.84% | -7.84% |
Correlation
The correlation between KSA and BITY is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.22 |
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Return for Risk
KSA vs. BITY — Risk / Return Rank
KSA
BITY
KSA vs. BITY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Saudi Arabia ETF (KSA) 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.
| KSA | BITY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.81 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | -0.92 | +0.75 |
| Martin ratioReturn relative to average drawdown | -0.37 | -1.52 | +1.15 |
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Drawdowns
KSA vs. BITY - Drawdown Comparison
The maximum KSA drawdown since its inception was -40.56%, smaller than the maximum BITY drawdown of -50.87%. Use the drawdown chart below to compare losses from any high point for KSA and BITY.
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Drawdown Indicators
| KSA | BITY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -50.87% | +10.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -50.87% | +39.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | — | — |
Current DrawdownCurrent decline from peak | -17.87% | -48.85% | +30.98% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -22.05% | +10.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 30.65% | -25.25% |
Volatility
KSA vs. BITY - Volatility Comparison
The current volatility for iShares MSCI Saudi Arabia ETF (KSA) is 3.20%, while Amplify Bitcoin 2% Monthly Option Income ETF (BITY) has a volatility of 11.12%. This indicates that KSA 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
| KSA | BITY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 11.12% | -7.92% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 32.34% | -20.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 41.37% | -24.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.96% | 39.36% | -23.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 39.36% | -19.37% |
KSA vs. BITY - Expense Ratio Comparison
KSA has a 0.74% expense ratio, which is higher than BITY's 0.65% expense ratio.
Dividends
KSA vs. BITY - Dividend Comparison
KSA's dividend yield for the trailing twelve months is around 2.78%, less than BITY's 40.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITY Amplify Bitcoin 2% Monthly Option Income ETF | 40.57% | 21.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KSA iShares MSCI Saudi Arabia ETF | 2.78% | 2.95% | 3.44% | 2.44% | 1.93% | 1.58% | 1.76% | 2.15% | 2.51% | 2.30% | 3.05% | 0.04% |
Frequently Asked Questions
KSA and BITY have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITY has higher volatility (11.12%) compared to KSA (3.20%). In terms of maximum drawdown, KSA dropped -40.56% vs BITY's -50.87%.
On 1-year performance, KSA leads with -1.95% vs -46.57% for BITY. On fees, BITY is cheaper at 0.65% per year. On volatility, KSA has been the lower-risk option at 3.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KSA has performed better with a -1.95% return vs -46.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BITY is cheaper with a 0.65% expense ratio, compared with 0.74% for KSA.
BITY has the higher dividend yield at 40.57%, compared with 2.78% for KSA.
KSA is categorized as Emerging Markets Equities, while BITY is Derivative Income. They also come from different issuers: iShares and Amplify. Their fees differ too: 0.74% for KSA and 0.65% for BITY.
KSA currently has the higher Sharpe Ratio (-0.12 vs -1.13), 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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