YBIT vs. BAGY

Last updated Jun 4, 2026

YBIT (YieldMax Bitcoin Option Income Strategy ETF) and BAGY (Amplify Bitcoin Max Income Covered Call ETF) are both exchange-traded funds - YBIT is a Cryptocurrency fund actively managed by YieldMax, while BAGY is a Derivative Income fund actively managed by Amplify. Both are actively managed. Over the past year, YBIT returned -35.27% vs -37.04% for BAGY. With a 0.97 correlation, they move nearly in lockstep. YBIT charges 0.99%/yr vs 0.65%/yr for BAGY.

Performance

YBIT vs. BAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Bitcoin Option Income Strategy ETF (YBIT) 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, YBIT achieves a -24.59% return, which is significantly lower than BAGY's -21.90% return.

YBIT

• 1D: -2.50%
• 1M: -15.67%
• YTD: -24.59%
• 6M: -27.08%
• 1Y: -35.27%
• 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)

YBIT vs. BAGY - Yearly Performance Comparison

	2026 (YTD)	2025
YBIT YieldMax Bitcoin Option Income Strategy ETF	-24.59%	-6.76%
BAGY Amplify Bitcoin Max Income Covered Call ETF	-21.90%	-8.88%

Correlation

The correlation between YBIT and BAGY is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025	0.97

The correlation between YBIT and BAGY has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

YBIT vs. BAGY — Risk / Return Rank

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

YBIT

YBIT Risk / Return Rank: 2
YBIT Sharpe Ratio Rank: 1
YBIT Sortino Ratio Rank: 2
YBIT Omega Ratio Rank: 2
YBIT Calmar Ratio Rank: 2
YBIT Martin Ratio Rank: 1

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.

YBIT vs. BAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Bitcoin Option Income Strategy ETF (YBIT) 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.

	YBIT	BAGY	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	-0.89	-0.09
Sortino ratio: Return per unit of downside risk	-1.35	-1.20	-0.15
Omega ratio: Gain probability vs. loss probability	0.84	0.86	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.78	-0.78	+0.01
Martin ratio: Return relative to average drawdown	-1.43	-1.41	-0.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YBIT vs. BAGY - Sharpe Ratio Comparison

The current YBIT Sharpe Ratio is -0.98, which is comparable to the BAGY Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of YBIT 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.

Sharpe Ratios by Period

	YBIT	BAGY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.98	-0.89	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	-0.66	+0.30

Drawdowns

YBIT vs. BAGY - Drawdown Comparison

The maximum YBIT drawdown since its inception was -45.54%, roughly equal to the maximum BAGY drawdown of -47.52%. Use the drawdown chart below to compare losses from any high point for YBIT and BAGY.

Drawdown Indicators

	YBIT	BAGY	Difference
Max Drawdown Largest peak-to-trough decline	-45.54%	-47.52%	+1.98%
Max Drawdown (1Y) Largest decline over 1 year	-45.54%	-47.52%	+1.98%
Current Drawdown Current decline from peak	-43.10%	-45.06%	+1.96%
Average Drawdown Average peak-to-trough decline	-15.12%	-19.61%	+4.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.69%	26.28%	-1.59%

Volatility

YBIT vs. BAGY - Volatility Comparison

The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 7.77%, while Amplify Bitcoin Max Income Covered Call ETF (BAGY) has a volatility of 9.89%. This indicates that YBIT 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

	YBIT	BAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.77%	9.89%	-2.12%
Volatility (6M) Calculated over the trailing 6-month period	29.10%	33.39%	-4.29%
Volatility (1Y) Calculated over the trailing 1-year period	36.10%	41.93%	-5.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.63%	40.86%	-2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.63%	40.86%	-2.23%

YBIT vs. BAGY - Expense Ratio Comparison

YBIT has a 0.99% expense ratio, which is higher than BAGY's 0.65% expense ratio.

Dividends

YBIT vs. BAGY - Dividend Comparison

YBIT's dividend yield for the trailing twelve months is around 101.02%, more than BAGY's 58.25% yield.

Position	TTM	2025	2024
BAGY Amplify Bitcoin Max Income Covered Call ETF	58.25%	30.16%	0.00%
YBIT YieldMax Bitcoin Option Income Strategy ETF	101.02%	88.33%	60.00%

Frequently Asked Questions

Can I hold both YBIT and BAGY in my portfolio?

With a correlation of 0.98, YBIT and BAGY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, YBIT or BAGY?

BAGY has higher volatility (9.89%) compared to YBIT (7.77%). In terms of maximum drawdown, YBIT dropped -45.54% vs BAGY's -47.52%.

Which ETF is better, YBIT or BAGY?

On 1-year performance, YBIT leads with -35.27% vs -37.04% for BAGY. On fees, BAGY is cheaper at 0.65% per year. On volatility, YBIT has been the lower-risk option at 7.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YBIT or BAGY?

Over the 1-year period, YBIT has performed better with a -35.27% return vs -37.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YBIT or BAGY?

BAGY is cheaper with a 0.65% expense ratio, compared with 0.99% for YBIT.

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

YBIT has the higher dividend yield at 101.02%, compared with 58.25% for BAGY.

What is the main difference between YBIT and BAGY?

YBIT is categorized as Cryptocurrency, while BAGY is Derivative Income. They also come from different issuers: YieldMax and Amplify. Their fees differ too: 0.99% for YBIT and 0.65% for BAGY.

Which has better risk-adjusted returns?

BAGY currently has the higher Sharpe Ratio (-0.89 vs -0.98), 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.