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BAGY vs BTCI

Amplify Bitcoin Max Income Covered Call ETF

BAGYBCboe

NEOS Bitcoin High Income ETF

BTCICCboe

Overlap

Expense ratio

BAGY −0.34pt a year

BAGY0.65%BTCI0.99%

Avg volume · 30D

BTCI 130.1×the volume

BAGY4.27KBTCI556K

BAGY vs BTCI Performance

Oct 31, 2025 – Nov 2, 2026

−39.4%BAGY−29.4%BTCI

Oct 31, 2025 to Nov 2, 2026. BAGY −39.4%. BTCI −29.4%. Use the arrow keys to read each point.−20%−10%0%Oct 2025May 2026Nov 2026
Expense ratio
BAGY 0.65%, better
BTCI 0.99%
Fund size
BAGY $9M
BTCI $1.33B
1Y total return
BAGY −39.4%
BTCI −29.4%, better
Yield (12M)
BAGY 48.01%, better
BTCI 31.31%
Holdings
BAGY 4
BTCI 6
Avg volume (30D)
BAGY 4.27K sh
BTCI 556K sh, better
NAV per share
BAGY $20.12
BTCI $30.45
52W range

ETF.net Grade

BAGY: Cost 90, Risk 36, Mission not scored, Tradability 58, Holdings 46, Durability 54. BTCI: Cost 24, Risk 52, Mission 70, Tradability 94, Holdings 48, Durability 91.
Pillar letters and Scores for BAGY, BTCI, with each pillar’s weight
PillarBAGYBTCI
Cost30% weightA90HigherF24
Mission25% weightNot scoredA70
Risk15% weightD36C52Higher
Tradability15% weightB58A94Higher
Holdings10% weightC46C48Higher
Durability5% weightC54A91Higher

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 BTCI 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 ›

BAGY ranks 4th and BTCI 8th of 21 funds in the Crypto Option Income Category.

  1. Rank 1ABITAThe iShares Bitcoin Premium Income ETFScore 88
  2. Rank 2ABTCCGrayscale Funds TrustScore 70
  3. Rank 3BCEPIREX Crypto Equity Premium Income ETFScore 65
  4. Rank 4BBAGYAmplify Bitcoin Max Income Covered Call ETFScore 64
  5. Rank 5CYBTCRoundhill Bitcoin Covered Call Strategy ETFScore 54
  6. Rank 6CXBCINEOS Boosted Bitcoin High Income ETFScore 52
  7. Rank 8CBTCINEOS Bitcoin High Income ETFScore 51
  8. Rank 9CXRPMAmplify XRP 3% Monthly Option Income ETFScore 46

Our read on each fund

ETF.net Research

BAGYBAmplify Bitcoin Max Income Covered Call ETF

BTCICNEOS Bitcoin High 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.

BTCI Bitcoin with a paycheck attached. BTCI holds spot bitcoin ETPs plus synthetic bitcoin exposure built from options, then writes calls against it to turn crypto's famous volatility into monthly cash.

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.

BTCI The Fund seeks high monthly income and potential appreciation through exposure to exchange-traded products with direct Bitcoin exposure. It combines spot Bitcoin ETPs, synthetic Bitcoin options exposure, and written call options.

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.
  • BTCI The income comes from bitcoin's own volatility: spot bitcoin ETPs and synthetic options exposure, with written calls harvesting premium on top. Pays monthly.
  • Actively managed rather than a fixed calendar of strikes, so the manager can adjust the call-writing as bitcoin's option premiums swing.
  • A billion-dollar-plus fund that trades actively, which is rare air in the young crypto-income aisle and generally means easier fills.
  • Sits in the upper half of its crypto option-income peer group on our overall read, one of the sturdier builds in a category full of experiments.

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.
  • BTCI Written calls trade away part of a big bitcoin run-up for premium today. This is an income vehicle first, not full exposure to bitcoin's moves.
  • The fund discloses that distributions can include return of capital, meaning part of a payout may be your own money coming back rather than earnings.
  • At 0.99% the fee runs above the crypto-income median of 0.96%, and above peers like CEPI (0.85%) and BAGY (0.65%). Launched in 2024, so the track record is short.

Full BAGY profile⁠

Full BTCI profile⁠

BAGY vs BTCI 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 BTCI Cost

Overpaying BTCI vs BAGY

$5,808

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

  • BAGY 0.65%

    $12,717

  • BTCI 0.99%

    $18,525

$10,000
30 years

Cost over time

  • BAGY 0.65%
  • BTCI 0.99%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BTCI $18,525BAGY $12,717

Year by year

YearBAGYBTCIOverpaying
10$1,163$1,746$583
20$4,440$6,565$2,125
30$12,717$18,525$5,808

Expense ratio

  • 0.65%BAGY, cheaper
  • 0.99%BTCI
  • Middle half of Crypto Option Income funds
  • Median 0.85%

BAGY cheapest of 21 funds

BTCI 16th cheapest of 21 funds

BAGY vs BTCI Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
BAGY 48.01%, better
BTCI 31.31%
Payout (12M)
BAGY $9.95
BTCI $9.53
Last payment
BAGY $0.56
BTCI $0.70
Ex-dividend
BAGY Oct 29, 2026
BTCI Oct 21, 2026
Paid on
BAGY Oct 30, 2026
BTCI Oct 23, 2026
Frequency
BAGY Monthly
BTCI Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

BAGYMonthly · 18 paymentsAll BAGY payments⁠
One bar per payment. 18 payments from 2024 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
BTCIMonthly · 25 paymentsAll BTCI payments⁠
One bar per payment. 25 payments from 2024 to 2026 YTD. Oct 23, 2024 $1.13; Nov 20, 2024 $1.41; Dec 24, 2024 $1.46; Jan 22, 2025 $1.57; Feb 26, 2025 $1.43; Mar 26, 2025 $1.34; Apr 23, 2025 $1.26; May 21, 2025 $1.51; Jun 25, 2025 $1.40; Jul 23, 2025 $1.47; Aug 20, 2025 $1.42; Sep 24, 2025 $1.34; Oct 22, 2025 $1.30; Nov 26, 2025 $1.02; Dec 24, 2025 $1.00; Jan 21, 2026 $1.04; Feb 18, 2026 $0.76; Mar 18, 2026 $0.78; Apr 22, 2026 $0.80; May 20, 2026 $0.79; Jun 16, 2026 $0.65; Jul 22, 2026 $0.65; Aug 19, 2026 $0.63; Sep 16, 2026 $0.72; Oct 21, 2026 $0.70. Use the arrow keys to read each point.$0$12026YTD

BAGY vs BTCI 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 2025BTCI 41.5%since Nov 2024
Return per unit of riskSharpe ratio, 3 years
BAGY −0.85since Jun 2025BTCI 0.16since Nov 2024
Worst fallMax drawdown, 5 years
BAGY −50.6%since May 2025BTCI −48.4%since Oct 2024
Market sensitivityBeta, 5 years
BAGY 1.36BTCI 1.42

BAGY and BTCI in the news

All news⁠

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