FT Vest Bitcoin Strategy & Target Income ETF (DFII) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with DFII. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DFII
DFII charges 0.85% annually. There are 64 ETFs in the Cryptocurrency category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust | 0.14% | 281.21M | Apr 2026 | DFII vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.37B | Jul 2024 | DFII vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.48B | Jul 2024 | DFII vs ETH | |
| Franklin Bitcoin ETF | 0.19% | 358.90M | Jan 2024 | DFII vs EZBC | |
| Franklin Ethereum ETF | 0.19% | 34.62M | Jul 2024 | DFII vs EZET |
Best Risk-Adjusted Alternatives to DFII
DFII has a PortfoliosLab risk / return rank of 2. There are 57 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 91 | — | Oct 2017 | DFII vs ZCSH | |
| Valkyrie Bitcoin Miners ETF | 82 | 395.17M | Feb 2022 | DFII vs WGMI | |
| ProShares Shrt Bitcoin ETF | 33 | 127.37M | Jun 2022 | DFII vs BITI | |
| REX Crypto Equity Premium Income ETF | 32 | 112.87M | Dec 2024 | DFII vs CEPI | |
| iShares Blockchain and Tech ETF | 30 | 99.02M | Apr 2022 | DFII vs IBLC |
Top Performing DFII Alternatives (YTD)
DFII is at -28.19% YTD. There are 31 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 85.47%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Valkyrie Bitcoin Miners ETF | 85.47% | 395.17M | Feb 2022 | DFII vs WGMI | |
| ProShares UltraShort Ether ETF | 75.32% | 76.32M | Jun 2024 | DFII vs ETHD | |
| ProShares Short Ether Strategy ETF | 48.48% | 20.27M | Nov 2023 | DFII vs SETH | |
| Proshares Ultrashort Bitcoin ETF | 45.97% | 188.94M | Apr 2024 | DFII vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 40.86% | — | Jul 2024 | DFII vs BTCZ |
Lowest Volatility Alternatives to DFII
DFII has 41.94% 1-year volatility. There are 21 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 2.07%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.07% | — | Oct 2025 | DFII vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.83% | — | Oct 2025 | DFII vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.94% | — | Oct 2025 | DFII vs CBXO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 12.31% | 7.61M | Sep 2025 | DFII vs BFOC | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 12.38% | — | Oct 2025 | DFII vs CBTO |
Lowest Drawdown Alternatives to DFII
DFII has a 1-year max drawdown of -50.13%. There are 18 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -10.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -10.70% | 22.14M | Aug 2022 | DFII vs BCDF | |
| REX Crypto Equity Premium Income ETF | -22.47% | 112.87M | Dec 2024 | DFII vs CEPI | |
| ProShares Shrt Bitcoin ETF | -25.28% | 127.37M | Jun 2022 | DFII vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.71% | 1.50M | Mar 2024 | DFII vs BTRN | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | -26.51% | 17.91M | Mar 2023 | DFII vs BITC |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 13 categories. AUM among these funds goes as high as $14B.
Often Compared With DFII
Investors most often compare DFII with SCUS, BFAP, BFJL. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare DFII with Any Fund or Stock
Compare DFII with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DFII with funds that move differently
FT Vest Bitcoin Strategy & Target Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DFII.
Explore DFII Diversifiers