BESO vs. BFJL

Last updated Jul 8, 2026

BESO (GSR Crypto Core3 ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BESO is a Cryptocurrency fund actively managed by GSR, while BFJL is a Defined Outcome fund managed by First Trust. A 0.59 correlation means they provide meaningful diversification when combined. BESO charges 1.00%/yr vs 0.90%/yr for BFJL.

Performance

BESO vs. BFJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GSR Crypto Core3 ETF (BESO) and FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BESO

• 1D: -0.37%
• 1M: 14.17%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFJL

• 1D: -0.05%
• 1M: 2.54%
• 6M: -7.38%
• YTD: -5.32%
• 1Y: -12.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BESO vs. BFJL - Yearly Performance Comparison

	2026 (YTD)
BESO GSR Crypto Core3 ETF	-2.19%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.81%

Correlation

The correlation between BESO and BFJL is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 22, 2026	0.59

Return for Risk

BESO vs. BFJL — Risk / Return Rank

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

BESO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BFJL

BFJL Risk / Return Rank: 3
BFJL Sharpe Ratio Rank: 1
BFJL Sortino Ratio Rank: 2
BFJL Omega Ratio Rank: 2
BFJL Calmar Ratio Rank: 4
BFJL Martin Ratio Rank: 5

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.

BESO vs. BFJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GSR Crypto Core3 ETF (BESO) 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.

	BESO	BFJL	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.98	—
Sortino ratio: Return per unit of downside risk	—	-1.30	—
Omega ratio: Gain probability vs. loss probability	—	0.84	—
Calmar ratio: Return relative to maximum drawdown	—	-0.61	—
Martin ratio: Return relative to average drawdown	—	-0.87	—

Drawdowns

BESO vs. BFJL - Drawdown Comparison

The maximum BESO drawdown since its inception was -18.08%, smaller than the maximum BFJL drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BESO and BFJL.

Drawdown Indicators

	BESO	BFJL	Difference
Max Drawdown Largest peak-to-trough decline	-18.08%	-21.27%	+3.19%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.27%	—
Current Drawdown Current decline from peak	-5.68%	-19.19%	+13.51%
Average Drawdown Average peak-to-trough decline	-9.34%	-12.50%	+3.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	14.95%	—

Volatility

Volatility by Period

	BESO	BFJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	42.31%	13.25%	+29.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.31%	13.23%	+29.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.31%	13.23%	+29.08%

BESO vs. BFJL - Expense Ratio Comparison

BESO has a 1.00% expense ratio, which is higher than BFJL's 0.90% expense ratio.

Dividends

BESO vs. BFJL - Dividend Comparison

BESO has not paid dividends to shareholders, while BFJL's dividend yield for the trailing twelve months is around 1.42%.

Position	TTM	2025
BESO GSR Crypto Core3 ETF	0.00%	0.00%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.42%	1.35%

Frequently Asked Questions

Can I hold both BESO and BFJL in my portfolio?

BESO and BFJL have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BESO or BFJL?

On fees, BFJL is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BESO or BFJL?

BFJL is cheaper with a 0.90% expense ratio, compared with 1.00% for BESO.

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

BFJL has the higher dividend yield at 1.42%, compared with 0.00% for BESO.

What is the main difference between BESO and BFJL?

BESO is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: GSR and First Trust. Their fees differ too: 1.00% for BESO and 0.90% for BFJL.