YYY vs. BAGY

Last updated Jun 24, 2026

YYY (Amplify CEF High Income ETF) and BAGY (Amplify Bitcoin Max Income Covered Call ETF) are both exchange-traded funds - YYY is a Diversified Portfolio fund tracking the Nasdaq CEF High Income™ Index, while BAGY is a Derivative Income fund actively managed by Amplify. YYY is passively managed, while BAGY is actively managed. Over the past year, YYY returned 11.80% vs -38.64% for BAGY. At a 0.39 correlation, their price movements are largely independent. YYY charges 3.23%/yr vs 0.65%/yr for BAGY.

Performance

YYY vs. BAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CEF High Income ETF (YYY) 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, YYY achieves a 4.69% return, which is significantly higher than BAGY's -25.28% return.

YYY

• 1D: -0.16%
• 1M: -0.13%
• YTD: 4.69%
• 6M: 4.24%
• 1Y: 11.80%
• 3Y*: 12.32%
• 5Y*: 3.00%
• 10Y*: 5.72%

BAGY

• 1D: -3.61%
• 1M: -18.40%
• YTD: -25.28%
• 6M: -25.26%
• 1Y: -38.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YYY vs. BAGY - Yearly Performance Comparison

	2026 (YTD)	2025
YYY Amplify CEF High Income ETF	4.69%	12.89%
BAGY Amplify Bitcoin Max Income Covered Call ETF	-25.28%	-8.33%

Correlation

The correlation between YYY and BAGY is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.39

Return for Risk

YYY vs. BAGY — Risk / Return Rank

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

YYY

YYY Risk / Return Rank: 39
YYY Sharpe Ratio Rank: 40
YYY Sortino Ratio Rank: 40
YYY Omega Ratio Rank: 42
YYY Calmar Ratio Rank: 31
YYY Martin Ratio Rank: 41

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.

YYY vs. BAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CEF High Income ETF (YYY) 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.

	YYY	BAGY	Difference
Sharpe ratio: Return per unit of total volatility	1.36	-0.90	+2.27
Sortino ratio: Return per unit of downside risk	1.96	-1.23	+3.19
Omega ratio: Gain probability vs. loss probability	1.26	0.86	+0.41
Calmar ratio: Return relative to maximum drawdown	1.47	-0.78	+2.25
Martin ratio: Return relative to average drawdown	6.33	-1.37	+7.69

YYY vs. BAGY - Sharpe Ratio Comparison

The current YYY Sharpe Ratio is 1.36, which is higher than the BAGY Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of YYY 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

YYY vs. BAGY - Drawdown Comparison

The maximum YYY drawdown since its inception was -42.52%, smaller than the maximum BAGY drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for YYY and BAGY.

Drawdown Indicators

	YYY	BAGY	Difference
Max Drawdown Largest peak-to-trough decline	-42.52%	-49.84%	+7.32%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-49.84%	+41.77%
Max Drawdown (3Y) Largest decline over 3 years	-13.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.92%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.52%	—	—
Current Drawdown Current decline from peak	-1.08%	-47.43%	+46.35%
Average Drawdown Average peak-to-trough decline	-6.82%	-20.76%	+13.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	28.33%	-26.46%

Volatility

YYY vs. BAGY - Volatility Comparison

The current volatility for Amplify CEF High Income ETF (YYY) is 2.53%, while Amplify Bitcoin Max Income Covered Call ETF (BAGY) has a volatility of 14.04%. This indicates that YYY 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

	YYY	BAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	14.04%	-11.51%
Volatility (6M) Calculated over the trailing 6-month period	7.22%	33.99%	-26.77%
Volatility (1Y) Calculated over the trailing 1-year period	8.70%	42.91%	-34.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.37%	41.30%	-29.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.89%	41.30%	-27.41%

YYY vs. BAGY - Expense Ratio Comparison

YYY has a 3.23% expense ratio, which is higher than BAGY's 0.65% expense ratio.

Dividends

YYY vs. BAGY - Dividend Comparison

YYY's dividend yield for the trailing twelve months is around 12.59%, less than BAGY's 60.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAGY Amplify Bitcoin Max Income Covered Call ETF	60.88%	30.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YYY Amplify CEF High Income ETF	12.59%	12.51%	12.50%	12.39%	12.36%	9.08%	9.79%	9.10%	9.73%	8.16%	10.34%	10.77%

Frequently Asked Questions

Can I hold both YYY and BAGY in my portfolio?

YYY and BAGY have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YYY or BAGY?

BAGY has higher volatility (14.04%) compared to YYY (2.53%). In terms of maximum drawdown, YYY dropped -42.52% vs BAGY's -49.84%.

Which ETF is better, YYY or BAGY?

On 1-year performance, YYY leads with 11.80% vs -38.64% for BAGY. On fees, BAGY is cheaper at 0.65% per year. On volatility, YYY has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YYY or BAGY?

Over the 1-year period, YYY has performed better with a 11.80% return vs -38.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YYY or BAGY?

BAGY is cheaper with a 0.65% expense ratio, compared with 3.23% for YYY.

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

BAGY has the higher dividend yield at 60.88%, compared with 12.59% for YYY.

What is the main difference between YYY and BAGY?

YYY is categorized as Diversified Portfolio, while BAGY is Derivative Income. Their fees differ too: 3.23% for YYY and 0.65% for BAGY.

Which has better risk-adjusted returns?

YYY currently has the higher Sharpe Ratio (1.36 vs -0.90), 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.