BFAP vs. BFJL
BFAP (FT Vest Bitcoin Strategy Floor15 ETF - April) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BFAP is a Cryptocurrency fund actively managed by First Trust, while BFJL is a Defined Outcome fund tracking the iShares Bitcoin Trust ETF (IBIT). BFAP is actively managed, while BFJL is passively managed. Over the past year, BFAP returned -29.14% vs -14.44% for BFJL. Their correlation of 0.89 means they have usually moved in the same direction. Both charge a 0.90% expense ratio.
Performance
BFAP vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, BFAP achieves a -21.35% return, which is significantly lower than BFJL's -4.36% return.
BFAP
- 1D
- 0.25%
- 1M
- 1.78%
- 6M
- -13.09%
- YTD
- -21.35%
- 1Y
- -29.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.97%
BFJL
- 1D
- 0.17%
- 1M
- 2.15%
- 6M
- 0.07%
- YTD
- -4.36%
- 1Y
- -14.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.29K | $11.99K | $25.71K | |
| $5.78K | $8.05K | $4.98K |
BFAP vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April | -21.35% | -6.77% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -4.36% | -7.43% |
Correlation
The correlation between BFAP and BFJL is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.89 |
The correlation between BFAP and BFJL has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.
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Return for Risk
BFAP vs. BFJL — Risk / Return Rank
BFAP
BFJL
BFAP vs. BFJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP) 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.
| BFAP | BFJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.82 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.68 | -0.17 |
| Martin ratioReturn relative to average drawdown | -1.37 | -0.91 | -0.45 |
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Drawdowns
BFAP vs. BFJL - Drawdown Comparison
The maximum BFAP drawdown since its inception was -34.15%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BFAP and BFJL.
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Drawdown Indicators
| BFAP | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.15% | -21.27% | -12.88% |
Max Drawdown (1Y)Largest decline over 1 year | -34.15% | -21.27% | -12.88% |
Current DrawdownCurrent decline from peak | -31.65% | -18.37% | -13.28% |
Average DrawdownAverage peak-to-trough decline | -13.41% | -12.94% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.36% | 15.83% | +5.53% |
Volatility
BFAP vs. BFJL - Volatility Comparison
FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP) has a higher volatility of 3.75% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.38%. This indicates that BFAP'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.
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Volatility by Period
| BFAP | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 3.38% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.78% | 5.11% | +8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 13.19% | +8.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.98% | 13.13% | +6.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.98% | 13.13% | +6.85% |
BFAP vs. BFJL - Expense Ratio Comparison
Both BFAP and BFJL have an expense ratio of 0.90%.
Dividends
BFAP vs. BFJL - Dividend Comparison
BFAP's dividend yield for the trailing twelve months is around 24.12%, more than BFJL's 1.41% yield.
| Position | TTM | 2025 |
|---|---|---|
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April | 24.12% | 18.97% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.41% | 1.35% |
Frequently Asked Questions
BFAP and BFJL have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BFAP has higher volatility (3.75%) compared to BFJL (3.38%). In terms of maximum drawdown, BFAP dropped -34.15% vs BFJL's -21.27%.
On 1-year performance, BFJL leads with -14.44% vs -29.14% for BFAP. Both ETFs have the same 0.90% expense ratio. On volatility, BFJL has been the lower-risk option at 3.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BFJL has performed better with a -14.44% return vs -29.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BFAP and BFJL have the same expense ratio: 0.90% per year.
BFAP has the higher dividend yield at 24.12%, compared with 1.41% for BFJL.
BFAP is categorized as Cryptocurrency, while BFJL is Defined Outcome.
BFJL currently has the higher Sharpe Ratio (-1.10 vs -1.36), 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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