BAGY vs QQQ
Amplify Bitcoin Max Income Covered Call ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | BAGY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $11M | $496.3B | |
| Dividend Yield | 61.77% | 0.44% | |
| Holdings | 9 | 108 | |
| YTD Return | -28.39% | +16.64% | |
| 1Y Return | -44.41% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 38.8% | 30.6% | |
| Max Drawdown | -54.5% | -83.0% | |
| Fund Family | Amplify ETFs | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 29, 2025 | Mar 10, 1999 |
BAGY vs QQQ Performance
Amplify Bitcoin Max Income Covered Call ETF (BAGY) is a ETF from Amplify ETFs and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BAGY returned -44.41% while QQQ returned +27.27%. Year to date, BAGY is down 28.39% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
BAGY has been the more volatile fund, with annualized monthly volatility of 38.8% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -54.5% for BAGY and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BAGY charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, BAGY currently yields 61.77% against 0.44% for QQQ.
Holdings Overlap
BAGY and QQQ share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BAGY or QQQ?
BAGY has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, BAGY or QQQ?
Over the past year BAGY returned -44.41% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), BAGY annualized -26.50% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, BAGY or QQQ?
BAGY has been the more volatile fund at 38.8% annualized versus 30.6% for QQQ. Worst drawdown: BAGY -54.5% vs QQQ -83.0%.
Should I hold both BAGY and QQQ?
BAGY and QQQ have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BAGY and QQQ?
BAGY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, BAGY or QQQ?
BAGY yields 61.77% while QQQ yields 0.44%, so BAGY currently pays the higher dividend yield.
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