BFAP vs. BFOC
BFAP (FT Vest Bitcoin Strategy Floor15 ETF - April) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - BFAP is a Cryptocurrency fund actively managed by First Trust, while BFOC is a Defined Outcome fund actively managed by First Trust. Both are actively managed. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.90% expense ratio.
Performance
BFAP vs. BFOC - Performance Comparison
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Returns By Period
In the year-to-date period, BFAP achieves a -21.78% return, which is significantly lower than BFOC's -7.39% return.
BFAP
- 1D
- -1.12%
- 1M
- -8.52%
- YTD
- -21.78%
- 6M
- -24.25%
- 1Y
- -25.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BFOC
- 1D
- 0.00%
- 1M
- -3.29%
- YTD
- -7.39%
- 6M
- -9.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BFAP vs. BFOC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April | -21.78% | -11.90% |
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October | -7.39% | -9.76% |
Correlation
The correlation between BFAP and BFOC is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | 0.87 |
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Return for Risk
BFAP vs. BFOC — Risk / Return Rank
BFAP
BFOC
BFAP vs. BFOC - 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 - 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.
| BFAP | BFOC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.80 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | — | — |
| Martin ratioReturn relative to average drawdown | -1.47 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BFAP | BFOC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.63 | -1.87 | +1.24 |
Drawdowns
BFAP vs. BFOC - Drawdown Comparison
The maximum BFAP drawdown since its inception was -32.02%, which is greater than BFOC's maximum drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for BFAP and BFOC.
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Drawdown Indicators
| BFAP | BFOC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.02% | -18.20% | -13.82% |
Max Drawdown (1Y)Largest decline over 1 year | -32.02% | — | — |
Current DrawdownCurrent decline from peak | -32.02% | -18.20% | -13.82% |
Average DrawdownAverage peak-to-trough decline | -10.84% | -12.55% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.01% | — | — |
Volatility
BFAP vs. BFOC - Volatility Comparison
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Volatility by Period
| BFAP | BFOC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.20% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.27% | 12.57% | +8.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.56% | 12.57% | +7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.56% | 12.57% | +7.99% |
BFAP vs. BFOC - Expense Ratio Comparison
Both BFAP and BFOC have an expense ratio of 0.90%.
Dividends
BFAP vs. BFOC - Dividend Comparison
BFAP's dividend yield for the trailing twelve months is around 24.25%, while BFOC has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April | 24.25% | 18.97% |
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October | 0.00% | 0.00% |
Frequently Asked Questions
BFAP and BFOC have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.90% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BFAP and BFOC have the same expense ratio: 0.90% per year.
BFAP has the higher dividend yield at 24.25%, compared with 0.00% for BFOC.
BFAP is categorized as Cryptocurrency, while BFOC is Defined Outcome.
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