Which paid more, BAGY or CEPI?

Over the year to Nov 4, 2026, BAGY paid 22.6% of its starting price in cash and CEPI paid 33.0%, so CEPI 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 CEPI?

With every distribution reinvested, BAGY returned −30.2% and CEPI +0.5% over the year to Nov 4, 2026.

Which is cheaper, BAGY or CEPI?

BAGY charges 0.65% a year and CEPI charges 0.85%, so BAGY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

BAGY vs CEPI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, CEPI paid 33.0% of its price in cash against BAGY’s 22.6%, and returned more with it reinvested.

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Net assets on Nov 3, 2026: $9.5m for Amplify Bitcoin Max Income Covered Call ETF and $116m for REX Crypto Equity Premium Income ETF.

BAGY on its own →CEPI on its own →

At a glance

22.6%

BAGY cash paid, 1 year

33.0%

CEPI cash paid, 1 year

−30.2%

BAGY total return, 1 year

+0.5%

CEPI total return, 1 year

BAGY · 1 year to Nov 4, 2026 9.7 pts behind Bitcoin

BAGY

−30.2%

Bitcoin

−20.5%

9.7 pts behind Bitcoin

BAGY over 1 year: paid 22.6%, price −50.5%, total −30.2%, Bitcoin −20.5%, −9.7 pts. Data to Nov 4, 2026.

Bitcoin

−20.5%

BAGY

−30.2%

9.7 pts behind Bitcoin

Total return, distributions reinvested

9.7 pts behind Bitcoin

BAGY over 1 year: paid 22.6%, price −50.5%, total −30.2%, Bitcoin −20.5%, −9.7 pts. Data to Nov 4, 2026.

Bitcoin

−20.5%

BAGY

−30.2%

9.7 pts behind Bitcoin

22.6% of it arrived as cash. Total return, distributions reinvested. BAGY over 1 year: paid 22.6%, price −50.5%, total −30.2%, Bitcoin −20.5%, −9.7 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

CEPI · 1 year to Nov 4, 2026 14.3 pts behind SPY

CEPI

+0.5%

SPY

+14.8%

14.3 pts behind SPY

CEPI over 1 year: paid 33.0%, price −33.1%, total +0.5%, SPY +14.8%, −14.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

CEPI

+0.5%

14.3 pts behind SPY

Total return, distributions reinvested

14.3 pts behind SPY

CEPI over 1 year: paid 33.0%, price −33.1%, total +0.5%, SPY +14.8%, −14.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

CEPI

+0.5%

14.3 pts behind SPY

33.0% of it arrived as cash. Both charts share one scale, with zero at the line. CEPI over 1 year: paid 33.0%, price −33.1%, total +0.5%, SPY +14.8%, −14.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

BAGY costs 0.20 points a year less; their one-year returns differ by 30.7 points; CEPI is 12.2 times larger.

Points (pts) are percentage points.

BAGY vs CEPI: Dividend Yield & Total Return
Measure	BAGY	CEPI
Paid and earned
Measure	BAGY	CEPI
Total return, 1 year	−30.2%	+0.5%
Price change, 1 year	fell 50.5%	fell 33.1%
Return of capital, issuer estimate	95% of the Oct 30, 2026 payment	100% of the Oct 29, 2026 payment
Against its benchmark
Measure	BAGY	CEPI
Benchmark	Bitcoin (BTC-USD)	S&P 500, measured through SPY
Cost and size
Measure	BAGY	CEPI
Expense ratio	0.65%	0.85%
Net assets, as of Nov 3, 2026	$9.5m	$116m
Holdings
Measure	BAGY	CEPI
Holdings in common	0%

ETFIQ Distribution Coverage Score · CEPI scores higher How much of what it paid out did its total return cover?

IQ Income Score3.3BAGY19.5CEPI

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

BAGY 3.3

CEPI 19.5

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

By the books each fund has filed, BAGY and CEPI hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BAGY CEPI

Only in one fund ↓

Only in BAGY

Invesco Government & Agency Portfolio 12/31/2031 45.90%

MBTX 12/18/2026 169.25 C 15.09%

MBTX 11/10/2026 192.04 C -1.20%

MBTX 12/18/2026 169.25 P -1.91%

Only in CEPI

PayPal Holdings Inc 5.80%

Mastercard Inc 5.51%

NU Holdings Ltd 5.46%

NVIDIA Corp 5.34%

Visa Inc 5.25%

IREN Ltd 4.92%

TSMC 4.83%

Strategy Inc 4.80%

Check overlap with more funds →

Side by side

BAGY Amplify Bitcoin Max Income Covered Call ETF · Covered call on Bitcoin, paying monthly CEPI REX Crypto Equity Premium Income ETF · Covered call on SPY, paying weekly

Issuer Amplify REX

Strategy covered call covered call

Benchmark Bitcoin (BTC-USD) S&P 500 (SPY)

Pays monthly weekly

Payout rate, annualized 31.1% 41.4%

Expense ratio 0.65% 0.85%

Cash paid, 1 year 22.6% 33.0%

Price change, 1 year −50.5% −33.1%

Total return, 1 year −30.2% +0.5%

Benchmark return, 1 year −20.5% +14.8%

Ahead or behind −9.7 pts −14.3 pts

Return of capital, latest estimate 95% 100%

Age 1.5 years 1.9 years

Net assets, as of Nov 3, 2026 $9.5m $116m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: BAGY vs CEPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	BAGY	CEPI	BAGY	CEPI	BAGY	CEPI
3 months	+1.7%	−5.5%	7.8%	10.2%	−21.9 pts	−5.3 pts
6 months	−20.0%	−3.9%	11.6%	18.2%	−18.3 pts	−9.0 pts
1 year	−30.2%	+0.5%	22.6%	33.0%	−9.7 pts	−14.2 pts
Since launchNot the same days: BAGY Apr 2025 · CEPI Dec 2024	−28.3%	+12.5%	37.3%	54.5%	−12.3 pts	−16.6 pts

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Alert

About each fund

BAGY

Over the year to Nov 4, 2026, BAGY paid 22.6% of its starting value in cash distributions while its price fell 50.5%. With every distribution reinvested, the fund returned −30.2%. Bitcoin (BTC-USD) returned −20.5% over the same days, so a holder was behind by 9.7 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.1%, paid monthly. Amplify estimates that 95% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

CEPI

Over the year to Nov 4, 2026, CEPI paid 33.0% of its starting value in cash distributions while its price fell 33.1%. With every distribution reinvested, the fund returned +0.5%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 14.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 41.4%, paid weekly. REX estimates that 100% of the distribution paid Oct 29, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, BAGY or CEPI?: Over the year to Nov 4, 2026, BAGY paid 22.6% of its starting price in cash and CEPI paid 33.0%, so CEPI 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 CEPI?: With every distribution reinvested, BAGY returned −30.2% and CEPI +0.5% over the year to Nov 4, 2026.
Which is cheaper, BAGY or CEPI?: BAGY charges 0.65% a year and CEPI charges 0.85%, so BAGY is cheaper. Fees come from each fund's prospectus.

Other comparisons

BAGY vs BLOX BAGY vs LFGY BAGY vs SOLM BAGY vs EHCC CEPI vs BCCC CEPI vs XBTY CEPI vs BITY CEPI vs BTCC

Where to next

S&P 500 (SPY) →BAGY on its own →CEPI on its own →BAGY dividend history →BAGY holdings →CEPI dividend history →CEPI holdings →Method →Standards and sources →

Sources and dates

BAGY filings on SEC EDGAR ↗

BAGY prospectus with the expense ratio (SEC) ↗

BAGY 19a-1 distribution notice ↗

Amplify page for BAGY ↗

CEPI filings on SEC EDGAR ↗

CEPI prospectus with the expense ratio (SEC) ↗

CEPI 19a-1 distribution notice ↗

REX page for CEPI ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, BAGY against CEPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/bagy-vs-cepi

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.