SLJY vs. BITO

Last updated Jul 21, 2026

SLJY (Amplify SILJ Covered Call ETF) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - SLJY is a Derivative Income fund actively managed by Amplify, while BITO is a Cryptocurrency fund actively managed by ProShares. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. SLJY charges 0.75%/yr vs 0.95%/yr for BITO.

Performance

SLJY vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify SILJ Covered Call ETF (SLJY) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLJY achieves a -10.91% return, which is significantly higher than BITO's -26.94% return.

SLJY

• 1D: -0.25%
• 1M: -11.40%
• 6M: -23.95%
• YTD: -10.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BITO

• 1D: 1.50%
• 1M: 3.17%
• 6M: -33.00%
• YTD: -26.94%
• 1Y: -46.65%
• 3Y*: 21.57%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -4.51%

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

SLJY vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025
SLJY Amplify SILJ Covered Call ETF	-10.91%	42.11%
BITO ProShares Bitcoin Strategy ETF	-26.94%	-26.04%

Correlation

The correlation between SLJY and BITO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.28

Return for Risk

SLJY vs. BITO — Risk / Return Rank

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

SLJY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BITO

BITO Risk / Return Rank: 2
BITO Sharpe Ratio Rank: 1
BITO Sortino Ratio Rank: 1
BITO Omega Ratio Rank: 2
BITO Calmar Ratio Rank: 2
BITO 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.

SLJY vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify SILJ Covered Call ETF (SLJY) and ProShares Bitcoin Strategy ETF (BITO). 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.

	SLJY	BITO	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.06	—
Sortino ratio: Return per unit of downside risk	—	-1.62	—
Omega ratio: Gain probability vs. loss probability	—	0.82	—
Calmar ratio: Return relative to maximum drawdown	—	-0.86	—
Martin ratio: Return relative to average drawdown	—	-1.37	—

Drawdowns

SLJY vs. BITO - Drawdown Comparison

The maximum SLJY drawdown since its inception was -35.19%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for SLJY and BITO.

Drawdown Indicators

	SLJY	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-35.19%	-77.86%	+42.67%
Max Drawdown (1Y) Largest decline over 1 year	—	-54.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-54.47%	—
Current Drawdown Current decline from peak	-35.19%	-49.61%	+14.42%
Average Drawdown Average peak-to-trough decline	-12.33%	-37.08%	+24.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	34.20%	—

Volatility

Volatility by Period

	SLJY	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	49.47%	44.13%	+5.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.47%	54.76%	-5.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.47%	54.76%	-5.29%

SLJY vs. BITO - Expense Ratio Comparison

SLJY has a 0.75% expense ratio, which is lower than BITO's 0.95% expense ratio.

Dividends

SLJY vs. BITO - Dividend Comparison

SLJY's dividend yield for the trailing twelve months is around 22.85%, less than BITO's 59.56% yield.

Position	TTM	2025	2024	2023
BITO ProShares Bitcoin Strategy ETF	59.56%	78.29%	61.59%	15.14%
SLJY Amplify SILJ Covered Call ETF	22.85%	6.26%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SLJY and BITO in my portfolio?

SLJY and BITO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SLJY or BITO?

On fees, SLJY is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLJY or BITO?

SLJY is cheaper with a 0.75% expense ratio, compared with 0.95% for BITO.

Which ETF pays a higher dividend yield, SLJY or BITO?

BITO has the higher dividend yield at 59.56%, compared with 22.85% for SLJY.

What is the main difference between SLJY and BITO?

SLJY is categorized as Derivative Income, while BITO is Cryptocurrency. They also come from different issuers: Amplify and ProShares. Their fees differ too: 0.75% for SLJY and 0.95% for BITO.