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BAGY vs CEPI

Amplify Bitcoin Max Income Covered Call ETF

BAGYBCboe

REX Crypto Equity Premium Income ETF

CEPIBNasdaq

Overlap

0.0%by weight

Expense ratio

BAGY −0.20pt a year

BAGY0.65%CEPI0.85%

Avg volume · 30D

CEPI 12.0×the volume

BAGY4.27KCEPI51.4K

BAGY vs CEPI Performance

Oct 31, 2025 – Oct 30, 2026

−39.2%BAGY−1.8%CEPI

Oct 31, 2025 to Oct 30, 2026. BAGY −39.2%. CEPI −1.8%. Use the arrow keys to read each point.−30%−20%−10%10%Oct 2025Apr 2026Oct 2026
Expense ratio
BAGY 0.65%, better
CEPI 0.85%
Fund size
BAGY $9M
CEPI $119M
1Y total return
BAGY −39.2%
CEPI −1.8%, better
Yield (12M)
BAGY 47.85%
CEPI 48.27%, better
Holdings
BAGY 4
CEPI 26
Avg volume (30D)
BAGY 4.27K sh
CEPI 51.4K sh, better
NAV per share
BAGY $20.12
CEPI $28.13
52W range

ETF.net Grade

BAGY: Cost 90, Risk 36, Mission not scored, Tradability 58, Holdings 46, Durability 54. CEPI: Cost 50, Risk 88, Mission not scored, Tradability 50, Holdings 92, Durability 71.
Pillar letters and Scores for BAGY, CEPI, with each pillar’s weight
PillarBAGYCEPI
Cost30% weightA90HigherC50
Mission25% weightNot scoredNot scored
Risk15% weightD36A88Higher
Tradability15% weightB58HigherC50
Holdings10% weightC46A92Higher
Durability5% weightC54A71Higher

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 CEPI 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 3rd and CEPI 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
  5. Rank 5CYBTCRoundhill Bitcoin Covered Call Strategy ETFScore 54

Our read on each fund

ETF.net Research

BAGYBAmplify Bitcoin Max Income Covered Call ETF

CEPIBREX Crypto Equity 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.

CEPI Crypto exposure without the coins. CEPI owns a basket of miners, exchanges and digital-payment stocks, then sells options against them for income, so the sector's volatility becomes the fuel for the premium.

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.

CEPI The fund seeks current income and capital appreciation, while targeting most of the returns of the S&P 500 Total Return Index with lower volatility and additional income.

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.
  • CEPI Charges 0.85% a year, below the 0.96% median for crypto-linked income funds.
  • Spreads across roughly 80 crypto and digital-payment stocks from the BITA Crypto Assets & Digital Payments Index, rather than leaning on one bitcoin proxy.
  • Sits in the top quartile of the crypto-income group we track, one of the stronger builds in a crowded niche.
  • A plain 1940 Act fund holding stocks, not coins: no wallet, no exchange account, 1099 at tax time.

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.
  • CEPI Writing options for income trades away part of any big rally in crypto equities. Premium now, capped upside later.
  • A December 2024 launch that still trades lightly next to the giant income ETFs, so spreads can run wider.
  • Exposure leans on derivatives, including synthetic single-stock positions, so the options book drives results as much as the shares behind it.

Full BAGY profile⁠

Full CEPI profile⁠

BAGY vs CEPI Holdings

How BAGY and CEPI differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BAGY and 0.0% of CEPI.

Level by level

  • Asset classAlternatives, Equity0.0%
  • Holdings0 in both0.0%
  • Countryby domicile86.1%

Sector

No Sector split for BAGY and CEPI.

Country, concentration and asset class

Country by domicile

Country weights in BAGY and CEPI, widest gap first
CountryMore in BAGYMore in CEPI
United StatesBAGY +13.9 points
TaiwanCEPI +5.2 points
BrazilCEPI +5.1 points
AustraliaCEPI +3.6 points

Concentration

Weight in the 10 largest Holdings

  • BAGY107.1%
  • CEPI55.2%

Securities held

  • BAGY3
  • CEPI26

Asset class

BAGY
Alternatives
CEPI
Equity

Holdings

  • Only in BAGY3
  • In both0
  • Only in CEPI26

Only in BAGY

3 securities, 87.1% of BAGY by weight

  • Invesco Government & Agency Portfolio 12/31/203152.25%
  • United States Treasury Bill 11/05/202622.08%
  • Mbtx 12/18/2026 169.25 C12.75%

Only in CEPI

26 securities, 100% of CEPI by weight

  • Mastercard Inc - A6.48%
  • Visa Inc-Class A Shares6.41%
  • Tesla Inc.6.13%

Weight gaps

BAGY and CEPI share no securities.

All 3 BAGY holdings⁠All 74 CEPI 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 CEPI Cost

Overpaying CEPI vs BAGY

$3,482

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

  • BAGY 0.65%

    $12,717

  • CEPI 0.85%

    $16,199

$10,000
30 years

Cost over time

  • BAGY 0.65%
  • CEPI 0.85%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530CEPI $16,199BAGY $12,717

Year by year

YearBAGYCEPIOverpaying
10$1,163$1,508$345
20$4,440$5,706$1,266
30$12,717$16,199$3,482

Expense ratio

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

BAGY cheapest of 21 funds

CEPI 10th cheapest of 21 funds

BAGY vs CEPI Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BAGY 47.85%
CEPI 48.27%, better
Payout (12M)
BAGY $9.95
CEPI $13.03
Last payment
BAGY $0.56
CEPI $0.22
Ex-dividend
BAGY Oct 29, 2026
CEPI Oct 28, 2026
Paid on
BAGY Oct 30, 2026
CEPI Oct 29, 2026
Frequency
BAGY Monthly
CEPI Weekly

Distribution history

Per share, 2026, same scale for both

BAGYMonthly · 10 paymentsAll BAGY payments⁠
One bar per payment. 10 payments in 2026 YTD. 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
CEPIWeekly · 27 paymentsAll CEPI payments⁠
One bar per payment. 27 payments in 2026 YTD. Jan 27, 2026 $1.25; Feb 24, 2026 $1.11; Mar 24, 2026 $1.06; Apr 28, 2026 $1.17; May 27, 2026 $0.28; Jun 3, 2026 $0.29; Jun 10, 2026 $0.28; Jun 17, 2026 $0.28; Jun 24, 2026 $0.28; Jul 1, 2026 $0.27; Jul 8, 2026 $0.27; Jul 15, 2026 $0.26; Jul 22, 2026 $0.26; Jul 29, 2026 $0.25; Aug 5, 2026 $0.26; Aug 12, 2026 $0.25; Aug 19, 2026 $0.26; Aug 26, 2026 $0.25; Sep 2, 2026 $0.25; Sep 9, 2026 $0.26; Sep 16, 2026 $0.25; Sep 23, 2026 $0.26; Sep 30, 2026 $0.25; Oct 7, 2026 $0.26; Oct 14, 2026 $0.25; Oct 21, 2026 $0.23; Oct 28, 2026 $0.22. Use the arrow keys to read each point.$0$12026YTD

BAGY vs CEPI 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 2025CEPI 26.0%since Jan 2025
Return per unit of riskSharpe ratio, 3 years
BAGY −0.85since Jun 2025CEPI 0.41since Jan 2025
Worst fallMax drawdown, 5 years
BAGY −50.6%since May 2025CEPI −29.4%since Dec 2024
Market sensitivityBeta, 5 years
BAGY 1.36CEPI 1.69

BAGY and CEPI in the news

All news⁠

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