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Data as of .

BAGY vs BTCC: which paid, and which earned it?

Over the year BTCC paid 29.0% of its price in cash against BAGY’s 20.3%, and returned more with it reinvested.

Amplify Bitcoin Max Income Covered Call ETF and Grayscale Bitcoin Covered Call ETF.

20.3%BAGY cash paid, 1 year
29.0%BTCC cash paid, 1 year
−40.2%BAGY total return, 1 year
−32.5%BTCC total return, 1 year

ETFIQ Return Stability Score: BTCC scores higher

Was the payout funded by returns, or by your own capital?

BAGY 18.3BTCC 29.83.8, the lowest in this set96.8, the highest

A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed

BAGY9.2 pts behind IBIT · 1 year to Sep 18, 2026
IBIT−31.1%BAGY−40.2%9.2 pts behind IBITTotal return, distributions reinvestedIBIT−31.1%BAGY−40.2%9.2 pts behind IBIT
BTCC1.4 pts behind IBIT · 1 year to Sep 18, 2026
IBIT−31.1%BTCC−32.5%1.4 pts behind IBITTotal return, distributions reinvestedIBIT−31.1%BTCC−32.5%1.4 pts behind IBIT

What they hold in common

By the books each fund has filed, BAGY and BTCC hold 0% of their money in the same securities at the same weight.

Only in each
Only in BAGYOnly in BTCC
Invesco Government & Agency Portfolio 12 45.60%TREASURY BILL 100.00%
Cash & Other 23.34%
United States Treasury Bill 11/05/2026 18.11%
MBTX 12/18/2026 169.25 C 17.25%
United States Treasury Bill 09/29/2026 1.45%
MBTX 09/22/2026 188.42 C -2.58%
MBTX 12/18/2026 169.25 P -3.17%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 21, 2026.

Performance, window by window

BAGY and BTCC over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
BAGYBTCCBAGYBTCCBAGYBTCC
3 months+11.0%+12.8%7.4%10.4%−18.2 pts−16.4 pts
6 months−2.5%+4.3%14.9%20.2%−18.2 pts−11.4 pts
1 year−40.2%−32.5%20.3%29.0%−9.2 pts−1.4 pts
Since launch−23.5%−17.7%34.9%53.5%−8.4 pts−10.8 pts
Open the live comparison on ETFIQ
BAGY and BTCC on the same fields, as of Sep 18, 2026. Source: ETFIQ.
BAGY
Amplify Bitcoin Max Income Covered Call ETF
Covered call on IBIT, paying monthly
BTCC
Grayscale Bitcoin Covered Call ETF
Covered call on IBIT, paying monthly
IssuerAmplifyGrayscale
Strategycovered callcovered call
BenchmarkBitcoin (IBIT)Bitcoin (IBIT)
Paysmonthlymonthly
Payout rate, annualized29.9%20.2%
Expense ratio0.65%0.65%
Cash paid, 1 year20.3%29.0%
Price change, 1 year−57.9%−59.1%
Total return, 1 year−40.2%−32.5%
Benchmark return, 1 year−31.1%−31.1%
Ahead or behind−9.2 pts−1.4 pts
Return of capital, latest estimatenot publishednot published
Age507 days534 days
Net assets$11m$17m

BAGY in plain words

Over the year to Sep 18, 2026, BAGY paid 20.3% of its starting value in cash distributions while its price fell 57.9%. With every distribution reinvested, the fund returned −40.2%. Bitcoin (IBIT) returned −31.1% over the same days, so a holder was behind by 9.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 29.9%, paid monthly.

BTCC in plain words

Over the year to Sep 18, 2026, BTCC paid 29.0% of its starting value in cash distributions while its price fell 59.1%. With every distribution reinvested, the fund returned −32.5%. Bitcoin (IBIT) returned −31.1% over the same days, so a holder was behind by 1.4 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 20.2%, paid monthly.

Questions people ask

Which paid more, BAGY or BTCC?
Over the year to Sep 18, 2026, BAGY paid 20.3% of its starting price in cash and BTCC paid 29.0%, so BTCC paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, BAGY or BTCC?
With every distribution reinvested, BAGY returned −40.2% and BTCC returned −32.5% over the year to Sep 18, 2026, so BTCC returned more.
Which is cheaper, BAGY or BTCC?
BAGY charges 0.65% a year and BTCC charges 0.65%, so BAGY is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

BAGY against BTCC, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, BAGY against BTCC, data as of Sep 18, 2026. https://etfiq.com/compare/income/bagy-vs-btcc Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources