Amplify Bitcoin Max Income Covered Call ETF
$24.08−0.56 (−2.27%)
- Expense ratio
- 0.65%
- Fund size
- $11M
- 1Y return
- −37.0%
- Yield · Last 12 months
- 47.84%
- Holdings
- 3
- Volume · 30D
- 0M sh
- NAV per share
- $24.62
- 52W range
The ETF.net BAGY Grade
Score 64 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 90Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 35Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 56Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 46Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 55Category rank
Our read on BAGY
BMost bitcoin income funds sell calls on futures or on crypto-adjacent stocks. BAGY works off bitcoin ETPs and options on them, harvesting premium and paying it out monthly.
The Fund seeks to maximize current income through a covered-call strategy tied to Bitcoin price-return exposure. It uses Bitcoin ETPs and Bitcoin ETP Options to obtain exposure and generate option-premium income.
Why people hold it
- A 0.65% expense ratio, under the typical fee in its crypto option-income cohort and below peers like CEPI and DFII at 0.85%.
- Clean plumbing: bitcoin price exposure via ETPs, income via options on those ETPs, all inside a standard 1940 Act fund rather than a commodity partnership.amplifyetfs.com
- Income is the stated mission, not a side effect: the fund targets option premium and distributes monthly.amplifyetfs.com
- Among the stronger builds in a crowded field of crypto covered-call funds, helped by cost discipline.
Worth knowing
- Selling calls trades away part of bitcoin's upside for premium. Downside moves in bitcoin still come through.amplifyetfs.com
- The monthly payout is not all investment income: the fund discloses that distributions can include return of capital, which chips at your cost basis.amplifyetfs.com
- Launched in 2025 and still small, with lighter trading than the category's biggest names, so bid-ask spreads can run wider.
BAGY Holdings
- Other
- 3
- 106%
- AGPXX
Sectors
Geography
BAGY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BAGY |
|---|---|
| Year to date | −15.5% |
| 1 month | +3.4% |
| 3 months | +8.7% |
| 1 year | −37.0% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BAGY |
|---|---|---|
| 2026 YTD | −15.5% | |
| 2025 | −10.3% |
BAGY in the news
ETF.net Research hasn’t filed on BAGY yet — coverage lands here as it’s written.
BAGY Dividends
- 47.84%
- $11.77
- $0.61 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 28, 2026 | Aug 31, 2026 | $0.61 |
| Jul 30, 2026 | Jul 31, 2026 | $0.58 |
| Jun 29, 2026 | Jun 30, 2026 | $0.56 |
| May 28, 2026 | May 29, 2026 | $0.74 |
| Apr 29, 2026 | Apr 30, 2026 | $0.95 |
| Mar 30, 2026 | Mar 31, 2026 | $0.97 |
| Feb 26, 2026 | Feb 27, 2026 | $0.91 |
| Jan 29, 2026 | Jan 30, 2026 | $1.14 |
| Dec 30, 2025 | Dec 31, 2025 | $1.13 |
| Nov 26, 2025 | Nov 28, 2025 | $1.15 |
| Oct 30, 2025 | Oct 31, 2025 | $1.50 |
| Sep 29, 2025 | Sep 30, 2025 | $1.53 |
BAGY Risk
- 38.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.71
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −50.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.41
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BAGY Cost
- The middle half of Crypto Option Income funds
- Median 0.85%
No Crypto Option Income fund charges less.