BAGY vs SPY
Amplify Bitcoin Max Income Covered Call ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BAGY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.09% | |
| AUM | $11M | $821.1B | |
| Dividend Yield | 61.77% | 1.01% | |
| Holdings | 9 | 505 | |
| YTD Return | -34.29% | +14.24% | |
| 1Y Return | -51.60% | +21.71% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 37.4% | 15.3% | |
| Max Drawdown | -54.5% | -56.5% | |
| Fund Family | Amplify ETFs | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Apr 29, 2025 | Jan 22, 1993 |
BAGY vs SPY Performance
Amplify Bitcoin Max Income Covered Call ETF (BAGY) is a ETF from Amplify ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BAGY returned -51.60% while SPY returned +21.71%. Year to date, BAGY is down 34.29% versus a gain of 14.24% for SPY.
Risk: Volatility and Drawdowns
BAGY has been the more volatile fund, with annualized monthly volatility of 37.4% compared with 15.3% for SPY. 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 -56.5% for SPY. 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BAGY charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, BAGY currently yields 61.77% against 1.01% for SPY.
Holdings Overlap
BAGY and SPY share 0 holdings out of 505 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 SPY?
BAGY has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, BAGY or SPY?
Over the past year BAGY returned -51.60% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), BAGY annualized -31.55% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, BAGY or SPY?
BAGY has been the more volatile fund at 37.4% annualized versus 15.3% for SPY. Worst drawdown: BAGY -54.5% vs SPY -56.5%.
Should I hold both BAGY and SPY?
BAGY and SPY have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BAGY and SPY?
BAGY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, BAGY or SPY?
BAGY yields 61.77% while SPY yields 1.01%, so BAGY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.