BESO vs. BFOC

Last updated Jul 8, 2026

BESO (GSR Crypto Core3 ETF) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - BESO is a Cryptocurrency fund actively managed by GSR, while BFOC is a Defined Outcome fund actively managed by First Trust. Both are actively managed. A 0.74 correlation means they provide meaningful diversification when combined. BESO charges 1.00%/yr vs 0.90%/yr for BFOC.

Performance

BESO vs. BFOC - 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 - October (BFOC). 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*: —

BFOC

• 1D: -0.15%
• 1M: 0.38%
• 6M: -8.81%
• YTD: -7.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BESO vs. BFOC - Yearly Performance Comparison

	2026 (YTD)
BESO GSR Crypto Core3 ETF	-2.19%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-1.31%

Correlation

The correlation between BESO and BFOC is 0.74, 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	0.74

Return for Risk

BESO vs. BFOC - 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 - 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.

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.

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

Drawdowns

BESO vs. BFOC - Drawdown Comparison

The maximum BESO drawdown since its inception was -18.08%, roughly equal to the maximum BFOC drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for BESO and BFOC.

Drawdown Indicators

	BESO	BFOC	Difference
Max Drawdown Largest peak-to-trough decline	-18.08%	-18.41%	+0.33%
Current Drawdown Current decline from peak	-5.68%	-17.91%	+12.23%
Average Drawdown Average peak-to-trough decline	-9.34%	-13.09%	+3.75%

Volatility

Volatility by Period

	BESO	BFOC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	42.31%	12.06%	+30.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.31%	12.06%	+30.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.31%	12.06%	+30.25%

BESO vs. BFOC - Expense Ratio Comparison

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

Dividends

BESO vs. BFOC - Dividend Comparison

Neither BESO nor BFOC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BESO and BFOC in my portfolio?

BESO and BFOC have a correlation of 0.74, 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 BFOC?

On fees, BFOC 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 BFOC?

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

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

BESO and BFOC have nearly identical dividend yields, around 0.00%.

What is the main difference between BESO and BFOC?

BESO is categorized as Cryptocurrency, while BFOC 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 BFOC.