AETH vs. BFOC

Last updated Jun 4, 2026

AETH (Bitwise Ethereum Strategy ETF) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - AETH is a Cryptocurrency fund actively managed by Bitwise, while BFOC is a Defined Outcome fund actively managed by First Trust. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.90% expense ratio.

Performance

AETH vs. BFOC - 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 - October (BFOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AETH achieves a -9.79% return, which is significantly lower than BFOC's -7.39% return.

AETH

• 1D: -0.01%
• 1M: -4.98%
• YTD: -9.79%
• 6M: -15.30%
• 1Y: -16.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFOC

• 1D: -0.24%
• 1M: -2.82%
• YTD: -7.39%
• 6M: -9.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AETH vs. BFOC - Yearly Performance Comparison

	2026 (YTD)	2025
AETH Bitwise Ethereum Strategy ETF	-9.79%	-22.80%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-7.39%	-9.76%

Correlation

The correlation between AETH and BFOC is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.45

Return for Risk

AETH vs. BFOC — Risk / Return Rank

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

AETH

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

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. BFOC - 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 - October (BFOC). 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.

	AETH	BFOC	Difference
Sharpe ratio: Return per unit of total volatility	-0.36	—	—
Sortino ratio: Return per unit of downside risk	-0.26	—	—
Omega ratio: Gain probability vs. loss probability	0.96	—	—
Calmar ratio: Return relative to maximum drawdown	-0.37	—	—
Martin ratio: Return relative to average drawdown	-0.52	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AETH	BFOC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	-1.88	+2.25

Drawdowns

AETH vs. BFOC - Drawdown Comparison

The maximum AETH drawdown since its inception was -47.78%, which is greater than BFOC's maximum drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for AETH and BFOC.

Drawdown Indicators

	AETH	BFOC	Difference
Max Drawdown Largest peak-to-trough decline	-47.78%	-18.20%	-29.58%
Max Drawdown (1Y) Largest decline over 1 year	-43.98%	—	—
Current Drawdown Current decline from peak	-43.85%	-18.20%	-25.65%
Average Drawdown Average peak-to-trough decline	-24.65%	-12.52%	-12.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.86%	—	—

Volatility

Volatility by Period

	AETH	BFOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	45.03%	12.61%	+32.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.68%	12.61%	+42.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.68%	12.61%	+42.07%

AETH vs. BFOC - Expense Ratio Comparison

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

Dividends

AETH vs. BFOC - Dividend Comparison

AETH's dividend yield for the trailing twelve months is around 2.67%, while BFOC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
AETH Bitwise Ethereum Strategy ETF	2.67%	2.41%	14.73%	6.64%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AETH and BFOC in my portfolio?

AETH and BFOC have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AETH or BFOC?

Both ETFs have the same 0.90% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AETH or BFOC?

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

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

AETH has the higher dividend yield at 2.67%, compared with 0.00% for BFOC.

What is the main difference between AETH and BFOC?

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