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BAGY vs XBTY

Amplify Bitcoin Max Income Covered Call ETF

BAGYBCboe

GraniteShares YieldBOOST Bitcoin ETF

XBTYDNasdaq

Overlap

Expense ratio

BAGY −0.53pt a year

BAGY0.65%XBTY1.18%

Avg volume · 30D

XBTY 4.2×the volume

BAGY4.27KXBTY17.8K

BAGY vs XBTY Performance

Oct 31, 2025 – Oct 30, 2026

−39.2%BAGY−31.7%XBTY

Oct 31, 2025 to Oct 30, 2026. BAGY −39.2%. XBTY −31.7%. Use the arrow keys to read each point.−20%−10%0%Oct 2025Apr 2026Oct 2026
Expense ratio
BAGY 0.65%, better
XBTY 1.18%
Fund size
BAGY $9M
XBTY $9M
1Y total return
BAGY −39.2%
XBTY −31.7%, better
Yield (12M)
BAGY 47.85%
XBTY 115.86%, better
Holdings
BAGY 4
XBTY 6
Avg volume (30D)
BAGY 4.27K sh
XBTY 17.8K sh, better
NAV per share
BAGY $20.12
XBTY $5.56
52W range

ETF.net Grade

BAGY: Cost 90, Risk 36, Mission not scored, Tradability 58, Holdings 46, Durability 54. XBTY: Cost 7, Risk 55, Mission not scored, Tradability 64, Holdings not scored, Durability 36.
Pillar letters and Scores for BAGY, XBTY, with each pillar’s weight
PillarBAGYXBTY
Cost30% weightA90HigherF7
Mission25% weightNot scoredNot scored
Risk15% weightD36B55Higher
Tradability15% weightB58B64Higher
Holdings10% weightC46Not scored
Durability5% weightC54HigherD36

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 XBTY 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 XBTY 19th 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 18DYBITYieldMax Bitcoin Option Income Strategy ETFScore 36
  6. Rank 19DXBTYGraniteShares YieldBOOST Bitcoin ETFScore 33
  7. Rank 20FXEYGraniteShares YieldBOOST Ether ETFScore 24

Our read on each fund

ETF.net Research

BAGYBAmplify Bitcoin Max Income Covered Call ETF

XBTYDGraniteShares YieldBOOST Bitcoin 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.

XBTY Most bitcoin income funds write calls. XBTY works the other side: selling short-dated put spreads on a 2x long bitcoin ETF, harvesting premium from leveraged volatility while cash sits in Treasury bills. Gains are capped by design.

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.

XBTY The Fund seeks income primarily by selling put options on leveraged ETFs tracking a 2x Long Bitcoin Daily ETF. It also seeks capped exposure to that leveraged ETF's performance.

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.
  • XBTY Premium comes off a 2x long bitcoin ETF, not spot bitcoin, so each option is priced on double-leverage volatility. Richer premiums per contract, bigger swings behind them.graniteshares.com
  • Not naked puts: every put sold (40% out-of-the-money to 10% in-the-money, one week to one month) is paired with a lower-strike put at the same expiry.sec.govgraniteshares.com
  • The fund never owns the leveraged ETF. Exposure runs through options and swaps, with cash parked in Treasury bills and other short-term instruments.sec.gov

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.
  • XBTY 1.15% net of a waiver through December 31, 2026, versus 11.40% gross, since the cap excludes option and swap costs. Above the group: BITA charges 0.65%, YBTC 0.95%.graniteshares.com
  • Premium for upside: gains stop at the strike plus premium collected, while a drop in the leveraged ETF hits the fund down to its long-put strike.sec.gov
  • Launched May 2025, small and lightly traded, which can mean wider spreads at the screen than the category's biggest names.

Full BAGY profile⁠

Full XBTY profile⁠

BAGY vs XBTY 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 XBTY Cost

Overpaying XBTY vs BAGY

$8,826

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

  • BAGY 0.65%

    $12,717

  • XBTY 1.18%

    $21,543

$10,000
30 years

Cost over time

  • BAGY 0.65%
  • XBTY 1.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530XBTY $21,543BAGY $12,717

Year by year

YearBAGYXBTYOverpaying
10$1,163$2,065$902
20$4,440$7,697$3,257
30$12,717$21,543$8,826

Expense ratio

  • 0.65%BAGY, cheaper
  • 1.18%XBTY
  • Middle half of Crypto Option Income funds
  • Median 0.85%

BAGY cheapest of 21 funds

XBTY 19th cheapest of 21 funds

BAGY vs XBTY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BAGY 47.85%
XBTY 115.86%, better
Payout (12M)
BAGY $9.95
XBTY $6.24
Last payment
BAGY $0.56
XBTY $0.03
Ex-dividend
BAGY Oct 29, 2026
XBTY Oct 30, 2026
Paid on
BAGY Oct 30, 2026
XBTY Pays Nov 3, 2026
Frequency
BAGY Monthly
XBTY 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
XBTYWeekly · 44 paymentsAll XBTY payments⁠
One bar per payment. 44 payments in 2026 YTD. Jan 2, 2026 $0.21; Jan 9, 2026 $0.21; Jan 16, 2026 $0.21; Jan 23, 2026 $0.19; Jan 30, 2026 $0.19; Feb 6, 2026 $0.18; Feb 13, 2026 $0.16; Feb 20, 2026 $0.16; Feb 27, 2026 $0.15; Mar 6, 2026 $0.15; Mar 13, 2026 $0.15; Mar 20, 2026 $0.15; Mar 27, 2026 $0.14; Apr 2, 2026 $0.13; Apr 10, 2026 $0.13; Apr 17, 2026 $0.14; Apr 24, 2026 $0.14; May 1, 2026 $0.13; May 8, 2026 $0.13; May 15, 2026 $0.07; May 22, 2026 $0.05; May 29, 2026 $0.05; Jun 5, 2026 $0.05; Jun 12, 2026 $0.05; Jun 18, 2026 $0.05; Jun 26, 2026 $0.04; Jul 2, 2026 $0.04; Jul 10, 2026 $0.04; Jul 17, 2026 $0.04; Jul 24, 2026 $0.04; Jul 31, 2026 $0.04; Aug 7, 2026 $0.03; Aug 14, 2026 $0.03; Aug 21, 2026 $0.03; Aug 28, 2026 $0.03; Sep 4, 2026 $0.03; Sep 11, 2026 $0.03; Sep 18, 2026 $0.03; Sep 25, 2026 $0.03; Oct 2, 2026 $0.03; Oct 9, 2026 $0.03; Oct 16, 2026 $0.03; Oct 23, 2026 $0.03; Oct 30, 2026 $0.03. Use the arrow keys to read each point.$0$12026YTD

BAGY vs XBTY 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 2025XBTY 24.7%since Jun 2025
Return per unit of riskSharpe ratio, 3 years
BAGY −0.85since Jun 2025XBTY −1.22since Jun 2025
Worst fallMax drawdown, 5 years
BAGY −50.6%since May 2025XBTY −48.9%since May 2025
Market sensitivityBeta, 5 years
BAGY 1.36XBTY 0.77

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