AETH vs. BFJL

Last updated Jul 15, 2026

AETH (Bitwise Ethereum Strategy ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - AETH is a Cryptocurrency fund actively managed by Bitwise, while BFJL is a Defined Outcome fund managed by First Trust. Over the past year, AETH returned -23.44% vs -16.19% for BFJL. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.90% expense ratio.

Performance

AETH vs. BFJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Ethereum Strategy ETF (AETH) and FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AETH achieves a -15.21% return, which is significantly lower than BFJL's -4.41% return.

AETH

• 1D: 5.99%
• 1M: -6.11%
• 6M: -17.26%
• YTD: -15.21%
• 1Y: -23.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFJL

• 1D: 1.62%
• 1M: 3.50%
• 6M: -7.27%
• YTD: -4.41%
• 1Y: -16.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AETH vs. BFJL - Yearly Performance Comparison

	2026 (YTD)	2025
AETH Bitwise Ethereum Strategy ETF	-15.21%	3.86%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-4.41%	-7.43%

Correlation

The correlation between AETH and BFJL is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.47

Return for Risk

AETH vs. BFJL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AETH

AETH Risk / Return Rank: 5
AETH Sharpe Ratio Rank: 5
AETH Sortino Ratio Rank: 5
AETH Omega Ratio Rank: 4
AETH Calmar Ratio Rank: 5
AETH Martin Ratio Rank: 6

BFJL

BFJL Risk / Return Rank: 2
BFJL Sharpe Ratio Rank: 0
BFJL Sortino Ratio Rank: 1
BFJL Omega Ratio Rank: 1
BFJL Calmar Ratio Rank: 3
BFJL Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AETH vs. BFJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Ethereum Strategy ETF (AETH) and FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AETH	BFJL	Difference
Sharpe ratio: Return per unit of total volatility	-0.54	-1.23	+0.68
Sortino ratio: Return per unit of downside risk	-0.61	-1.66	+1.05
Omega ratio: Gain probability vs. loss probability	0.91	0.80	+0.11
Calmar ratio: Return relative to maximum drawdown	-0.46	-0.76	+0.30
Martin ratio: Return relative to average drawdown	-0.68	-1.07	+0.38

AETH vs. BFJL - Sharpe Ratio Comparison

The current AETH Sharpe Ratio is -0.54, which is higher than the BFJL Sharpe Ratio of -1.23. The chart below compares the historical Sharpe Ratios of AETH and BFJL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AETH vs. BFJL - Drawdown Comparison

The maximum AETH drawdown since its inception was -51.08%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for AETH and BFJL.

Drawdown Indicators

	AETH	BFJL	Difference
Max Drawdown Largest peak-to-trough decline	-51.08%	-21.27%	-29.81%
Max Drawdown (1Y) Largest decline over 1 year	-51.08%	-21.27%	-29.81%
Current Drawdown Current decline from peak	-47.23%	-18.41%	-28.82%
Average Drawdown Average peak-to-trough decline	-25.55%	-12.63%	-12.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.38%	15.19%	+19.19%

Volatility

AETH vs. BFJL - Volatility Comparison

Bitwise Ethereum Strategy ETF (AETH) has a higher volatility of 9.91% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 2.80%. This indicates that AETH's price experiences larger fluctuations and is considered to be riskier than BFJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AETH	BFJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.91%	2.80%	+7.11%
Volatility (6M) Calculated over the trailing 6-month period	26.03%	6.98%	+19.05%
Volatility (1Y) Calculated over the trailing 1-year period	43.25%	13.26%	+29.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.94%	13.31%	+40.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.94%	13.31%	+40.63%

AETH vs. BFJL - Expense Ratio Comparison

Both AETH and BFJL have an expense ratio of 0.90%.

Dividends

AETH vs. BFJL - Dividend Comparison

AETH's dividend yield for the trailing twelve months is around 2.84%, more than BFJL's 1.41% yield.

Position	TTM	2025	2024	2023
AETH Bitwise Ethereum Strategy ETF	2.84%	2.41%	14.73%	6.64%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.41%	1.35%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AETH and BFJL in my portfolio?

AETH and BFJL have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AETH or BFJL?

AETH has higher volatility (9.91%) compared to BFJL (2.80%). In terms of maximum drawdown, AETH dropped -51.08% vs BFJL's -21.27%.

Which ETF is better, AETH or BFJL?

On 1-year performance, BFJL leads with -16.19% vs -23.44% for AETH. Both ETFs have the same 0.90% expense ratio. On volatility, BFJL has been the lower-risk option at 2.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AETH or BFJL?

Over the 1-year period, BFJL has performed better with a -16.19% return vs -23.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AETH or BFJL?

AETH and BFJL have the same expense ratio: 0.90% per year.

Which ETF pays a higher dividend yield, AETH or BFJL?

AETH has the higher dividend yield at 2.84%, compared with 1.41% for BFJL.

What is the main difference between AETH and BFJL?

AETH is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: Bitwise and First Trust.

Which has better risk-adjusted returns?

AETH currently has the higher Sharpe Ratio (-0.54 vs -1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.