BITY vs SPY
Amplify Bitcoin 2% Monthly Option Income 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 503 holdings.
Side-by-Side Comparison
| Metric | BITY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.09% | |
| AUM | $12M | $789.1B | |
| Dividend Yield | 44.97% | 1.01% | |
| Holdings | 7 | 505 | |
| YTD Return | -36.46% | +13.75% | |
| 1Y Return | -53.75% | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 37.5% | 15.3% | |
| Max Drawdown | -57.5% | -56.5% | |
| Fund Family | Amplify ETFs | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Apr 29, 2025 | Jan 22, 1993 |
BITY vs SPY Performance
Amplify Bitcoin 2% Monthly Option Income ETF (BITY) 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 BITY returned -53.75% while SPY returned +22.91%. Year to date, BITY is down 36.46% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
BITY has been the more volatile fund, with annualized monthly volatility of 37.5% 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 -57.5% for BITY 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BITY 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, BITY currently yields 44.97% against 1.01% for SPY.
Holdings Overlap
BITY and SPY share 0 holdings out of 506 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, BITY or SPY?
BITY 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, BITY or SPY?
Over the past year BITY returned -53.75% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), BITY annualized -34.17% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, BITY or SPY?
BITY has been the more volatile fund at 37.5% annualized versus 15.3% for SPY. Worst drawdown: BITY -57.5% vs SPY -56.5%.
Should I hold both BITY and SPY?
BITY and SPY have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BITY and SPY?
BITY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, BITY or SPY?
BITY yields 44.97% while SPY yields 1.01%, so BITY currently pays the higher dividend yield.
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