XRPM vs. BAGY

Last updated Jun 25, 2026

XRPM (Amplify XRP 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 0.87 suggests significant overlap in exposure. XRPM charges 0.75%/yr vs 0.65%/yr for BAGY.

Performance

XRPM vs. BAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify XRP 3% Monthly Option Income ETF (XRPM) 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, XRPM achieves a -42.52% return, which is significantly lower than BAGY's -28.43% return.

XRPM

• 1D: -3.65%
• 1M: -19.48%
• YTD: -42.52%
• 6M: -43.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAGY

• 1D: -4.22%
• 1M: -21.85%
• YTD: -28.43%
• 6M: -28.08%
• 1Y: -42.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRPM vs. BAGY - Yearly Performance Comparison

	2026 (YTD)	2025
XRPM Amplify XRP 3% Monthly Option Income ETF	-42.52%	-12.80%
BAGY Amplify Bitcoin Max Income Covered Call ETF	-28.43%	-2.76%

Correlation

The correlation between XRPM and BAGY is 0.87, 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 18, 2025	0.87

Return for Risk

XRPM vs. BAGY — Risk / Return Rank

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

XRPM

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

BAGY

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

XRPM vs. BAGY - Risk-Adjusted Trends Comparison

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

	XRPM	BAGY	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.99	—
Sortino ratio: Return per unit of downside risk	—	-1.43	—
Omega ratio: Gain probability vs. loss probability	—	0.83	—
Calmar ratio: Return relative to maximum drawdown	—	-0.86	—
Martin ratio: Return relative to average drawdown	—	-1.49	—

Drawdowns

XRPM vs. BAGY - Drawdown Comparison

The maximum XRPM drawdown since its inception was -51.05%, roughly equal to the maximum BAGY drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for XRPM and BAGY.

Drawdown Indicators

	XRPM	BAGY	Difference
Max Drawdown Largest peak-to-trough decline	-51.05%	-49.84%	-1.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.84%	—
Current Drawdown Current decline from peak	-51.05%	-49.65%	-1.40%
Average Drawdown Average peak-to-trough decline	-28.60%	-20.86%	-7.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.51%	—

Volatility

Volatility by Period

	XRPM	BAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	65.91%	43.10%	+22.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.91%	41.41%	+24.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.91%	41.41%	+24.50%

XRPM vs. BAGY - Expense Ratio Comparison

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

Dividends

XRPM vs. BAGY - Dividend Comparison

XRPM's dividend yield for the trailing twelve months is around 28.60%, less than BAGY's 63.56% yield.

Position	TTM	2025
BAGY Amplify Bitcoin Max Income Covered Call ETF	63.56%	30.16%
XRPM Amplify XRP 3% Monthly Option Income ETF	28.60%	3.12%

Frequently Asked Questions

Can I hold both XRPM and BAGY in my portfolio?

XRPM and BAGY have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRPM 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, XRPM or BAGY?

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

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

BAGY has the higher dividend yield at 63.56%, compared with 28.60% for XRPM.

What is the main difference between XRPM and BAGY?

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