SOLM vs. BAGY

Last updated Jun 4, 2026

SOLM (Amplify Solana 3% Monthly Option Income ETF) and BAGY (Amplify Bitcoin Max Income Covered Call ETF) are both Derivative Income funds from Amplify. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. SOLM charges 0.75%/yr vs 0.65%/yr for BAGY.

Performance

SOLM vs. BAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Solana 3% Monthly Option Income ETF (SOLM) 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, SOLM achieves a -45.35% return, which is significantly lower than BAGY's -21.90% return.

SOLM

• 1D: -5.48%
• 1M: -17.98%
• YTD: -45.35%
• 6M: -51.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

SOLM vs. BAGY - Yearly Performance Comparison

	2026 (YTD)	2025
SOLM Amplify Solana 3% Monthly Option Income ETF	-45.35%	-15.50%
BAGY Amplify Bitcoin Max Income Covered Call ETF	-21.90%	-11.23%

Correlation

The correlation between SOLM and BAGY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.90

Return for Risk

SOLM vs. BAGY — Risk / Return Rank

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

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.

SOLM vs. BAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Solana 3% Monthly Option Income ETF (SOLM) 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.

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

Sharpe Ratios by Period

	SOLM	BAGY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.14	-0.66	-0.48

Drawdowns

SOLM vs. BAGY - Drawdown Comparison

The maximum SOLM drawdown since its inception was -57.72%, which is greater than BAGY's maximum drawdown of -47.52%. Use the drawdown chart below to compare losses from any high point for SOLM and BAGY.

Drawdown Indicators

	SOLM	BAGY	Difference
Max Drawdown Largest peak-to-trough decline	-57.72%	-47.52%	-10.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-47.52%	—
Current Drawdown Current decline from peak	-57.72%	-45.06%	-12.66%
Average Drawdown Average peak-to-trough decline	-35.34%	-19.61%	-15.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.28%	—

Volatility

Volatility by Period

	SOLM	BAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	65.43%	41.93%	+23.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.43%	40.86%	+24.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.43%	40.86%	+24.57%

SOLM vs. BAGY - Expense Ratio Comparison

SOLM has a 0.75% expense ratio, which is higher than BAGY's 0.65% expense ratio.

Dividends

SOLM vs. BAGY - Dividend Comparison

SOLM's dividend yield for the trailing twelve months is around 35.68%, less than BAGY's 58.25% yield.

Position	TTM	2025
BAGY Amplify Bitcoin Max Income Covered Call ETF	58.25%	30.16%
SOLM Amplify Solana 3% Monthly Option Income ETF	35.68%	6.44%

Frequently Asked Questions

Can I hold both SOLM and BAGY in my portfolio?

SOLM and BAGY have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOLM or BAGY?

On fees, BAGY is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOLM or BAGY?

BAGY is cheaper with a 0.65% expense ratio, compared with 0.75% for SOLM.

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

BAGY has the higher dividend yield at 58.25%, compared with 35.68% for SOLM.

What is the main difference between SOLM and BAGY?

Their fees differ too: 0.75% for SOLM and 0.65% for BAGY.