YYYM vs. BAGY

Last updated Jun 4, 2026

YYYM (Amplify Municipal CEF High Income ETF) and BAGY (Amplify Bitcoin Max Income Covered Call ETF) are both exchange-traded funds - YYYM is a High Yield Muni fund tracking the Nasdaq Municipal Bond CEF High Income Index, while BAGY is a Derivative Income fund actively managed by Amplify. YYYM is passively managed, while BAGY is actively managed. At a 0.40 correlation, their price movements are largely independent. YYYM charges 2.78%/yr vs 0.65%/yr for BAGY.

Performance

YYYM vs. BAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Municipal CEF High Income ETF (YYYM) and Amplify Bitcoin Max Income Covered Call ETF (BAGY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

YYYM

• 1D: -0.44%
• 1M: 2.03%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAGY

• 1D: -2.81%
• 1M: -22.92%
• YTD: -24.09%
• 6M: -26.66%
• 1Y: -38.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YYYM vs. BAGY - Yearly Performance Comparison

	2026 (YTD)
YYYM Amplify Municipal CEF High Income ETF	0.10%
BAGY Amplify Bitcoin Max Income Covered Call ETF	-10.64%

Correlation

The correlation between YYYM and BAGY is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 11, 2026	0.40

Return for Risk

YYYM 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: 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.

YYYM vs. BAGY - Risk-Adjusted Trends Comparison

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

	YYYM	BAGY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	-0.70	+0.74

Drawdowns

YYYM vs. BAGY - Drawdown Comparison

The maximum YYYM drawdown since its inception was -5.24%, smaller than the maximum BAGY drawdown of -47.52%. Use the drawdown chart below to compare losses from any high point for YYYM and BAGY.

Drawdown Indicators

	YYYM	BAGY	Difference
Max Drawdown Largest peak-to-trough decline	-5.24%	-47.52%	+42.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-47.52%	—
Current Drawdown Current decline from peak	-0.77%	-46.60%	+45.83%
Average Drawdown Average peak-to-trough decline	-1.29%	-19.71%	+18.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.44%	—

Volatility

Volatility by Period

	YYYM	BAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.78%	41.98%	-31.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.78%	40.86%	-30.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.78%	40.86%	-30.08%

YYYM vs. BAGY - Expense Ratio Comparison

YYYM has a 2.78% expense ratio, which is higher than BAGY's 0.65% expense ratio.

Dividends

YYYM vs. BAGY - Dividend Comparison

YYYM's dividend yield for the trailing twelve months is around 1.21%, less than BAGY's 59.93% yield.

Position	TTM	2025
BAGY Amplify Bitcoin Max Income Covered Call ETF	59.93%	30.16%
YYYM Amplify Municipal CEF High Income ETF	1.21%	0.00%

Frequently Asked Questions

Can I hold both YYYM and BAGY in my portfolio?

YYYM and BAGY have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YYYM 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, YYYM or BAGY?

BAGY is cheaper with a 0.65% expense ratio, compared with 2.78% for YYYM.

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

BAGY has the higher dividend yield at 59.93%, compared with 1.21% for YYYM.

What is the main difference between YYYM and BAGY?

YYYM is categorized as High Yield Muni, while BAGY is Derivative Income. Their fees differ too: 2.78% for YYYM and 0.65% for BAGY.