BCDF vs. BFJL
BCDF (Horizon Kinetics Blockchain Development ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BCDF is a Cryptocurrency fund actively managed by Horizon, while BFJL is a Defined Outcome fund tracking the iShares Bitcoin Trust ETF (IBIT). BCDF is actively managed, while BFJL is passively managed. Over the past year, BCDF returned 5.66% vs -14.80% for BFJL. Their 0.36 correlation means their historical movements had little consistent relationship. BCDF charges 0.85%/yr vs 0.90%/yr for BFJL.
Performance
BCDF vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, BCDF achieves a 6.12% return, which is significantly higher than BFJL's -5.11% return.
BCDF
- 1D
- 0.13%
- 1M
- 5.32%
- 6M
- 1.82%
- YTD
- 6.12%
- 1Y
- 5.66%
- 3Y*
- 14.55%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.43%
BFJL
- 1D
- -1.29%
- 1M
- 1.35%
- 6M
- -3.14%
- YTD
- -5.11%
- 1Y
- -14.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.32K | $19.89K | $48.05K | |
| $12.56K | $8.09K | $4.95K |
BCDF vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCDF Horizon Kinetics Blockchain Development ETF | 6.12% | -0.62% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -5.11% | -7.43% |
Correlation
The correlation between BCDF and BFJL is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.36 |
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Return for Risk
BCDF vs. BFJL — Risk / Return Rank
BCDF
BFJL
BCDF vs. BFJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Blockchain Development ETF (BCDF) 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.
| BCDF | BFJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.81 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | -0.74 | +1.13 |
| Martin ratioReturn relative to average drawdown | 1.24 | -1.00 | +2.23 |
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Drawdowns
BCDF vs. BFJL - Drawdown Comparison
The maximum BCDF drawdown since its inception was -27.70%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BCDF and BFJL.
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Drawdown Indicators
| BCDF | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.70% | -21.27% | -6.43% |
Max Drawdown (1Y)Largest decline over 1 year | -14.02% | -21.27% | +7.25% |
Max Drawdown (3Y)Largest decline over 3 years | -14.02% | — | — |
Current DrawdownCurrent decline from peak | -5.05% | -19.01% | +13.96% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -12.90% | +3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 15.74% | -11.29% |
Volatility
BCDF vs. BFJL - Volatility Comparison
The current volatility for Horizon Kinetics Blockchain Development ETF (BCDF) is 2.51%, while FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) has a volatility of 3.65%. This indicates that BCDF experiences smaller price fluctuations and is considered to be less risky than BFJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCDF | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 3.65% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 5.54% | +5.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.08% | 13.20% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 13.17% | +3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 13.17% | +3.70% |
BCDF vs. BFJL - Expense Ratio Comparison
BCDF has a 0.85% expense ratio, which is lower than BFJL's 0.90% expense ratio.
Dividends
BCDF vs. BFJL - Dividend Comparison
BCDF's dividend yield for the trailing twelve months is around 2.38%, more than BFJL's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BCDF Horizon Kinetics Blockchain Development ETF | 2.38% | 2.53% | 1.63% | 0.69% | 0.38% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.42% | 1.35% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BCDF and BFJL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BFJL has higher volatility (3.65%) compared to BCDF (2.51%). In terms of maximum drawdown, BCDF dropped -27.70% vs BFJL's -21.27%.
On 1-year performance, BCDF leads with 5.66% vs -14.80% for BFJL. On fees, BCDF is cheaper at 0.85% per year. On volatility, BCDF has been the lower-risk option at 2.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BCDF has performed better with a 5.66% return vs -14.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCDF is cheaper with a 0.85% expense ratio, compared with 0.90% for BFJL.
BCDF has the higher dividend yield at 2.38%, compared with 1.42% for BFJL.
BCDF is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: Horizon and First Trust. Their fees differ too: 0.85% for BCDF and 0.90% for BFJL.
BCDF currently has the higher Sharpe Ratio (0.37 vs -1.19), 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.
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