Data as of .
BPI vs LFGY: which paid, and which earned it?
BPI and LFGY both write options for income.
What they hold in common
By the books each fund has filed, BPI and LFGY hold 0% of their money in the same securities at the same weight.
| Only in BPI | Only in LFGY |
|---|---|
| TREASURY BILL 100.00% | Opera Ltd 5.99% |
| NVIDIA Corp 5.67% | |
| Block Inc 5.54% | |
| Strategy Inc 5.26% | |
| Core Scientific Inc 5.24% | |
| Hut 8 Corp 5.24% | |
| Galaxy Digital Inc 4.86% | |
| Cipher Digital Inc 4.59% |
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 Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| BPI | LFGY | BPI | LFGY | BPI | LFGY | |
| 3 months | +26.6% | −0.3% | 4.0% | 10.6% | −2.5 pts | +1.9 pts |
| 6 months | not published | +25.6% | not published | 26.4% | not published | −8.2 pts |
| 1 year | not published | −1.5% | not published | 40.1% | not published | −13.6 pts |
| Since launch | +5.4% | +9.5% | 5.4% | 62.4% | −0.8 pts | −42.8 pts |
| BPI Grayscale Bitcoin Premium Income ETF Covered call on IBIT, paying monthly | LFGY YieldMax(R) Crypto Industry & Tech Portfolio Option Income ETF Synthetic covered call on BITQ, paying weekly | |
|---|---|---|
| Issuer | Grayscale | YieldMax |
| Strategy | covered call | synthetic covered call |
| Benchmark | Bitcoin (IBIT) | Crypto industry (BITQ), used as the crypto proxy |
| Pays | monthly | weekly |
| Payout rate, annualized | 6.3% | 39.4% |
| Expense ratio | 0.65% | 1.02% |
| Cash paid, 1 year | 5.4% (since launch on Apr 30, 2026) | 40.1% |
| Price change, 1 year | −0.8% | −44.7% |
| Total return, 1 year | +5.4% (since launch on Apr 30, 2026) | −1.5% |
| Benchmark return, 1 year | +6.2% | +12.1% |
| Ahead or behind | −0.8 pts | −13.6 pts |
| Return of capital, latest estimate | not published | 63% |
| Age | 141 days | 612 days |
| Net assets | $2m | $110m |
BPI in plain words
Over the period since launch on Apr 30, 2026 to Sep 18, 2026, BPI paid 5.4% of its starting value in cash distributions while its price fell 0.8%. With every distribution reinvested, the fund returned +5.4%. Bitcoin (IBIT) returned +6.2% over the same days, so a holder was behind by 0.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 6.3%, paid monthly.
LFGY in plain words
Over the year to Sep 18, 2026, LFGY paid 40.1% of its starting value in cash distributions while its price fell 44.7%. With every distribution reinvested, the fund returned −1.5%. Crypto industry (BITQ), used as the crypto proxy returned +12.1% over the same days, so a holder was behind by 13.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 39.4%, paid weekly. YieldMax estimates that 63% of the distribution paid Sep 17, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, BPI or LFGY?
- BPI charges 0.65% a year and LFGY charges 1.02%, so BPI 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.
Cite this page. ETFIQ, BPI against LFGY, data as of Sep 18, 2026. https://etfiq.com/compare/income/bpi-vs-lfgy Free to use with attribution; the underlying files are at Open data.