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BAGY vs DFII

Amplify Bitcoin Max Income Covered Call ETF

BAGYBCboe

FT Vest Bitcoin Strategy & Target Income ETF

DFIICNYSE Arca

Overlap

Expense ratio

BAGY −0.20pt a year

BAGY0.65%DFII0.85%

Avg volume · 30D

DFII 1.9×the volume

BAGY4.27KDFII8K

BAGY vs DFII Performance

Oct 31, 2025 – Oct 30, 2026

−39.2%BAGY−30.7%DFII

Oct 31, 2025 to Oct 30, 2026. BAGY −39.2%. DFII −30.7%. Use the arrow keys to read each point.−20%−10%0%Oct 2025Apr 2026Oct 2026
Expense ratio
BAGY 0.65%, better
DFII 0.85%
Fund size
BAGY $9M
DFII $20M
1Y total return
BAGY −39.2%
DFII −30.7%, better
Yield (12M)
BAGY 47.85%, better
DFII 20.66%
Holdings
BAGY 4
DFII 4
Avg volume (30D)
BAGY 4.27K sh
DFII 8K sh, better
NAV per share
BAGY $20.12
DFII $13.04
52W range

ETF.net Grade

BAGY: Cost 90, Risk 36, Mission not scored, Tradability 58, Holdings 46, Durability 54. DFII: Cost 50, Risk 50, Mission not scored, Tradability 60, Holdings 39, Durability 72.
Pillar letters and Scores for BAGY, DFII, with each pillar’s weight
PillarBAGYDFII
Cost30% weightA90HigherC50
Mission25% weightNot scoredNot scored
Risk15% weightD36C50Higher
Tradability15% weightB58B60Higher
Holdings10% weightC46HigherD39
Durability5% weightC54A72Higher

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 DFII 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 DFII 6th 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
  6. Rank 6CDFIIFT Vest Bitcoin Strategy & Target Income ETFScore 52
  7. Rank 6CXBCINEOS Boosted Bitcoin High Income ETFScore 52

Our read on each fund

ETF.net Research

BAGYBAmplify Bitcoin Max Income Covered Call ETF

DFIICFT Vest Bitcoin Strategy & Target 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.

DFII A bitcoin income fund that never owns a coin. First Trust's Vest team sells options on bitcoin ETPs to fund a monthly payout targeted 15% above one-month Treasury rates, trading away part of bitcoin's upside for cash flow.

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.

DFII The Fund seeks partial participation in bitcoin returns while generating a high level of income. It uses options referencing Bitcoin Exposure Instruments rather than investing directly in bitcoin.

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.
  • DFII The payout policy is written down, not improvised: a target income level 15% above the one-month Treasury distribution rate, paid monthly.ftportfolios.com
  • No coins, keys, or exchange accounts. Exposure runs through options on bitcoin ETPs held inside an ordinary 1940 Act fund you buy in a brokerage account.sec.gov
  • 0.85% a year, which sits below the median fee in its crypto options-income peer group.sec.gov
  • Part of First Trust Vest's target-income lineup, the firm's options-overlay machinery aimed at bitcoin instead of an equity index.ftportfolios.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.
  • DFII Partial participation is the bargain. The options that fund the income also clip the upside, so the fund is built to lag bitcoin in a strong run.ftportfolios.com
  • Distributions can include return of capital, meaning some of a payout may be your own principal handed back rather than income the fund earned.ftportfolios.com
  • Launched in 2025 and small, so it trades lightly next to bigger crypto-income names and carries a short record through a full crypto cycle.

Full BAGY profile⁠

Full DFII profile⁠

BAGY vs DFII 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 DFII Cost

Overpaying DFII vs BAGY

$3,482

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

  • BAGY 0.65%

    $12,717

  • DFII 0.85%

    $16,199

$10,000
30 years

Cost over time

  • BAGY 0.65%
  • DFII 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$20K051015202530DFII $16,199BAGY $12,717

Year by year

YearBAGYDFIIOverpaying
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%DFII
  • Middle half of Crypto Option Income funds
  • Median 0.85%

BAGY cheapest of 21 funds

DFII 10th cheapest of 21 funds

BAGY vs DFII Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BAGY 47.85%, better
DFII 20.66%
Payout (12M)
BAGY $9.95
DFII $2.70
Last payment
BAGY $0.56
DFII $0.22
Ex-dividend
BAGY Oct 29, 2026
DFII Oct 1, 2026
Paid on
BAGY Oct 30, 2026
DFII Oct 2, 2026
Frequency
BAGY Monthly
DFII 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
DFIIMonthly · 18 paymentsAll DFII payments⁠
One bar per payment. 18 payments from 2025 to 2026 YTD. May 1, 2025 $0.31; Jun 2, 2025 $0.37; Jul 1, 2025 $0.36; Aug 1, 2025 $0.39; Sep 2, 2025 $0.37; Oct 1, 2025 $0.37; Nov 3, 2025 $0.33; Dec 1, 2025 $0.28; Jan 2, 2026 $0.26; Feb 2, 2026 $0.25; Mar 2, 2026 $0.20; Apr 1, 2026 $0.19; May 1, 2026 $0.21; Jun 1, 2026 $0.21; Jul 1, 2026 $0.17; Aug 3, 2026 $0.18; Sep 1, 2026 $0.20; Oct 1, 2026 $0.22. Use the arrow keys to read each point.$0$12026YTD

BAGY vs DFII 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 2025DFII 37.6%since May 2025
Return per unit of riskSharpe ratio, 3 years
BAGY −0.85since Jun 2025DFII −0.33since May 2025
Worst fallMax drawdown, 5 years
BAGY −50.6%since May 2025DFII −51.0%since Apr 2025
Market sensitivityBeta, 5 years
BAGY 1.36DFII 1.36Same figure. Both funds show the same value, so neither comes out ahead.

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