USNG vs. BAGY

Last updated Jul 12, 2026

USNG (Amplify Samsung U.S. Natural Gas Infrastructure ETF) and BAGY (Amplify Bitcoin Max Income Covered Call ETF) are both exchange-traded funds - USNG is a Energy Equities fund actively managed by Amplify, while BAGY is a Derivative Income fund actively managed by Amplify. Both are actively managed. Over the past year, USNG returned 40.81% vs -46.53% for BAGY. At a 0.24 correlation, their price movements are largely independent. USNG charges 0.59%/yr vs 0.65%/yr for BAGY.

Performance

USNG vs. BAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) 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, USNG achieves a 31.37% return, which is significantly higher than BAGY's -27.47% return.

USNG

• 1D: 0.04%
• 1M: -0.05%
• 6M: 27.28%
• YTD: 31.37%
• 1Y: 40.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAGY

• 1D: -3.11%
• 1M: -4.76%
• 6M: -31.06%
• YTD: -27.47%
• 1Y: -46.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USNG vs. BAGY - Yearly Performance Comparison

	2026 (YTD)	2025
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF	31.37%	10.51%
BAGY Amplify Bitcoin Max Income Covered Call ETF	-27.47%	-17.86%

Correlation

The correlation between USNG and BAGY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since May 20, 2025	0.24

Return for Risk

USNG vs. BAGY — Risk / Return Rank

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

USNG

USNG Risk / Return Rank: 91
USNG Sharpe Ratio Rank: 91
USNG Sortino Ratio Rank: 90
USNG Omega Ratio Rank: 86
USNG Calmar Ratio Rank: 95
USNG Martin Ratio Rank: 92

BAGY

BAGY Risk / Return Rank: 1
BAGY Sharpe Ratio Rank: 1
BAGY Sortino Ratio Rank: 1
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.

USNG vs. BAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) 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.

	USNG	BAGY	Difference
Sharpe ratio: Return per unit of total volatility	2.48	-1.08	+3.56
Sortino ratio: Return per unit of downside risk	3.36	-1.63	+4.99
Omega ratio: Gain probability vs. loss probability	1.41	0.81	+0.60
Calmar ratio: Return relative to maximum drawdown	6.12	-0.92	+7.04
Martin ratio: Return relative to average drawdown	17.60	-1.53	+19.13

USNG vs. BAGY - Sharpe Ratio Comparison

The current USNG Sharpe Ratio is 2.48, which is higher than the BAGY Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of USNG 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

USNG vs. BAGY - Drawdown Comparison

The maximum USNG drawdown since its inception was -6.82%, smaller than the maximum BAGY drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for USNG and BAGY.

Drawdown Indicators

	USNG	BAGY	Difference
Max Drawdown Largest peak-to-trough decline	-6.82%	-50.68%	+43.86%
Max Drawdown (1Y) Largest decline over 1 year	-6.82%	-50.68%	+43.86%
Current Drawdown Current decline from peak	-4.14%	-48.97%	+44.83%
Average Drawdown Average peak-to-trough decline	-1.59%	-21.97%	+20.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	30.44%	-28.08%

Volatility

USNG vs. BAGY - Volatility Comparison

The current volatility for Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) is 5.30%, while Amplify Bitcoin Max Income Covered Call ETF (BAGY) has a volatility of 11.00%. This indicates that USNG 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

	USNG	BAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	11.00%	-5.70%
Volatility (6M) Calculated over the trailing 6-month period	12.90%	34.49%	-21.59%
Volatility (1Y) Calculated over the trailing 1-year period	16.79%	43.22%	-26.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.72%	41.07%	-24.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.72%	41.07%	-24.35%

USNG vs. BAGY - Expense Ratio Comparison

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

Dividends

USNG vs. BAGY - Dividend Comparison

USNG's dividend yield for the trailing twelve months is around 1.47%, less than BAGY's 60.46% yield.

Position	TTM	2025
BAGY Amplify Bitcoin Max Income Covered Call ETF	60.46%	30.16%
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF	1.47%	1.10%

Frequently Asked Questions

Can I hold both USNG and BAGY in my portfolio?

USNG and BAGY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USNG or BAGY?

BAGY has higher volatility (11.00%) compared to USNG (5.30%). In terms of maximum drawdown, USNG dropped -6.82% vs BAGY's -50.68%.

Which ETF is better, USNG or BAGY?

On 1-year performance, USNG leads with 40.81% vs -46.53% for BAGY. On fees, USNG is cheaper at 0.59% per year. On volatility, USNG has been the lower-risk option at 5.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USNG or BAGY?

Over the 1-year period, USNG has performed better with a 40.81% return vs -46.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USNG or BAGY?

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

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

BAGY has the higher dividend yield at 60.46%, compared with 1.47% for USNG.

What is the main difference between USNG and BAGY?

USNG is categorized as Energy Equities, while BAGY is Derivative Income. Their fees differ too: 0.59% for USNG and 0.65% for BAGY.

Which has better risk-adjusted returns?

USNG currently has the higher Sharpe Ratio (2.48 vs -1.08), 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.