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Beacon

XRPMAmplify XRP 3% Monthly Option Income ETF

Get incomeNewRanked #1,383 of 1,650 in this goal

Seeks investment results that generally correlate to the performance of the Bloomberg U.S. Investment Grade Corporate Bond 12% Income Covered Call Index.

By Amplify ETFs · Launched 2025

Annual Cost

0.75%

#3,925 of 5,861 · average

Fund Size

$10M

#4,880 of 5,861 · small

Dividend YieldGoal

—

Track Record

9 months

#4,873 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$5,487-45.1%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Bloomberg US Investment Grade Corporate Bond 12% Income Covered Call Index

What it actually holds

By weight

Concentration

Top 2 holdings = 42.8% of fundmoderately concentrated

Invesco Shrt-Trm Inv Gov&Agcy InstlAGPXX
23.9%
Canary XRP ETFXRPC
19.0%

Asset allocation

Cash
71.4%
Other
39.2%
Bonds
1.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-52.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks investment results that generally correlate to the performance of the Bloomberg U.S. Investment Grade Corporate Bond 12% Income Covered Call Index.
Strategy
Invests primarily in securities representative of the Index, targeting a 12% annualized income through investments in the iShares iBoxx $ Investment Grade Corporate Bond ETF and selling one-week at-the-money call options on the Underlying ETF to generate Option Premiums.
Inception date
November 17, 2025
Fund family
Amplify ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04