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BAGY vs BITA

Amplify Bitcoin Max Income Covered Call ETF

BAGYBCboe

The iShares Bitcoin Premium Income ETF

BITAANasdaq

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

BAGY0.65%BITA0.65%

Avg volume · 30D

BITA 7.6×the volume

BAGY4.27KBITA32.3K

BAGY vs BITA Performance

Jul 31, 2026 – Oct 30, 2026

+0.7%BAGY+18.0%BITA

Jul 31, 2026 to Oct 30, 2026. BAGY +0.7%. BITA +18.0%. Use the arrow keys to read each point.5%10%25%30%Jul 2026Sep 2026Oct 2026
Expense ratio
BAGY 0.65%
BITA 0.65%
Fund size
BAGY $9M
BITA $96M
1Y total return
BAGY −39.2%
BITA No data
Yield (12M)
BAGY 47.85%
BITA No data
Holdings
BAGY 4
BITA 4
Avg volume (30D)
BAGY 4.27K sh
BITA 32.3K sh, better
NAV per share
BAGY $20.12
BITA $57.98
52W range

ETF.net Grade

BAGY: Cost 90, Risk 36, Mission not scored, Tradability 58, Holdings 46, Durability 54. BITA: Cost 90, Risk 98, Mission not scored, Tradability 85, Holdings not scored, Durability 61.
Pillar letters and Scores for BAGY, BITA, with each pillar’s weight
PillarBAGYBITA
Cost30% weightA90A90
Mission25% weightNot scoredNot scored
Risk15% weightD36A98Higher
Tradability15% weightB58A85Higher
Holdings10% weightC46Not scored
Durability5% weightC54B61Higher

Rank among Crypto Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BAGY and BITA are both graded against the same 21 Crypto Option Income funds, so their Grades compare head to head.

Crypto Option Income⁠

Category · 21 funds
See all 21 ›

BITA ranks 1st and BAGY 3rd of 21 funds in the Crypto Option Income Category.

  1. Rank 1ABITAThe iShares Bitcoin Premium Income ETFScore 88
  2. Rank 2BBTCCGrayscale Funds TrustScore 70
  3. Rank 3BBAGYAmplify Bitcoin Max Income Covered Call ETFScore 64
  4. Rank 3BCEPIREX Crypto Equity Premium Income ETFScore 64

Our read on each fund

ETF.net Research

BAGYBAmplify Bitcoin Max Income Covered Call ETF

BITAAThe iShares Bitcoin Premium Income ETF

In short

BAGY Most 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.

BITA BlackRock's take on the bitcoin income trade: own actual bitcoin, then sell calls on only a quarter to a third of it. Most crypto covered-call funds hand over the upside to buy the yield. This one is built to leave most of it on the table.

Stated mandate

BAGY 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.

BITA The Trust seeks to reflect the performance of bitcoin while generating premium income through an actively managed strategy of selling call options primarily on IBIT shares and, from time to time, on ETP indices.

Why people hold it

  • BAGY 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.
  • BITA Holds spot bitcoin and IBIT shares directly, and the sponsor aims to write calls on a predetermined 25% to 35% of notional value, leaving the majority of the position unwritten.sec.gov
  • 0.65% expense ratio, below the 0.85% typical of crypto options-income funds and at the low end of the category's strongest implementations (BTCC 0.66%, CEPI 0.85%, YBTC 0.96%).
  • The partnership wrapper earns its keep: IBIT options are Section 1256 contracts eligible for 60/40 blended rates, and partnerships skip forced year-end capital gain distributions.ishares.com
  • Among the better-built options in a crowded crypto income shelf, with the calls written on IBIT, the deepest-traded bitcoin ETP options market.ishares.com

Worth knowing

  • BAGY 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.
  • BITA That same partnership structure means a Schedule K-1 instead of a 1099, which lands later in tax season and can add filing steps.ishares.com
  • Calls written on part of the book cap gains on that slice. The premium income is paid for with upside, not conjured from thin air.sec.gov
  • Launched in 2026 and structured as a trust outside the Investment Company Act, so the record is short and it trades lighter than the category's biggest names.sec.gov

Full BAGY profile⁠

Full BITA profile⁠

BAGY vs BITA Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BAGY vs BITA Cost

Same expense ratio

$12,717

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BAGY 0.65%

    $12,717

  • BITA 0.65%

    $12,717

$10,000
30 years

Cost over time

  • BAGY 0.65%
  • BITA 0.65%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530BAGY $12,717BITA $12,717

Year by year

YearBAGYBITA
10$1,163$1,163
20$4,440$4,440
30$12,717$12,717

Expense ratio

  • 0.65%BAGY
  • 0.65%BITA
  • Middle half of Crypto Option Income funds
  • Median 0.85%

BAGY cheapest of 21 funds

BITA cheapest of 21 funds

BAGY vs BITA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BAGY 47.85%
BITA No data
Payout (12M)
BAGY $9.95
BITA No data
Last payment
BAGY $0.56
BITA $0.73
Ex-dividend
BAGY Oct 29, 2026
BITA Oct 2, 2026
Paid on
BAGY Oct 30, 2026
BITA Oct 7, 2026
Frequency
BAGY Monthly
BITA Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

BAGYMonthly · 18 paymentsAll BAGY payments⁠
One bar per payment. 18 payments from 2025 to 2026 YTD. May 29, 2025 $1.46; Jun 27, 2025 $1.41; Jul 30, 2025 $1.50; Aug 28, 2025 $1.39; Sep 29, 2025 $1.53; Oct 30, 2025 $1.50; Nov 26, 2025 $1.15; Dec 30, 2025 $1.13; Jan 29, 2026 $1.14; Feb 26, 2026 $0.91; Mar 30, 2026 $0.97; Apr 29, 2026 $0.95; May 28, 2026 $0.74; Jun 29, 2026 $0.56; Jul 30, 2026 $0.58; Aug 28, 2026 $0.61; Sep 29, 2026 $0.64; Oct 29, 2026 $0.56. Use the arrow keys to read each point.$0$12026YTD
BITAMonthly · 4 paymentsAll BITA payments⁠
One bar per payment. 4 payments from 2025 to 2026 YTD. Jul 2, 2026 $0.52; Aug 4, 2026 $0.80; Sep 2, 2026 $0.66; Oct 2, 2026 $0.73. Use the arrow keys to read each point.$0$12026YTD

BAGY vs BITA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BAGY 36.4%since Jun 2025BITA No data
Return per unit of riskSharpe ratio, 3 years
BAGY −0.85since Jun 2025BITA No data
Worst fallMax drawdown, 5 years
BAGY −50.6%since May 2025BITA No data
Market sensitivityBeta, 5 years
BAGY 1.36BITA 1.10

BAGY and BITA in the news

All news⁠

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