BFAP vs. ETH
BFAP (FT Vest Bitcoin Strategy Floor15 ETF - April) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, BFAP returned -29.14% vs -48.28% for ETH. Their correlation of 0.83 means they have usually moved in the same direction. BFAP charges 0.90%/yr vs 0.15%/yr for ETH.
Performance
BFAP vs. ETH - Performance Comparison
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Returns By Period
In the year-to-date period, BFAP achieves a -21.35% return, which is significantly higher than ETH's -36.32% return.
BFAP
- 1D
- 0.25%
- 1M
- 1.78%
- 6M
- -13.09%
- YTD
- -21.35%
- 1Y
- -29.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.97%
ETH
- 1D
- 0.28%
- 1M
- 10.44%
- 6M
- -17.80%
- YTD
- -36.32%
- 1Y
- -48.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.29K | $11.99K | $25.71K | |
| $30.50M | $32.90M | $45.65M |
BFAP vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April | -21.35% | 8.90% |
ETH Grayscale Ethereum Staking Mini ETF | -36.32% | 66.83% |
Correlation
The correlation between BFAP and ETH 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 Apr 4, 2025 | 0.83 |
The correlation between BFAP and ETH has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.
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Return for Risk
BFAP vs. ETH — Risk / Return Rank
BFAP
ETH
BFAP vs. ETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP) and Grayscale Ethereum Staking Mini ETF (ETH). 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 | ETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.90 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.72 | -0.14 |
| Martin ratioReturn relative to average drawdown | -1.37 | -1.06 | -0.30 |
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Drawdowns
BFAP vs. ETH - Drawdown Comparison
The maximum BFAP drawdown since its inception was -34.15%, smaller than the maximum ETH drawdown of -67.52%. Use the drawdown chart below to compare losses from any high point for BFAP and ETH.
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Drawdown Indicators
| BFAP | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.15% | -67.52% | +33.37% |
Max Drawdown (1Y)Largest decline over 1 year | -34.15% | -67.52% | +33.37% |
Current DrawdownCurrent decline from peak | -31.65% | -60.78% | +29.13% |
Average DrawdownAverage peak-to-trough decline | -13.41% | -35.14% | +21.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.36% | 45.39% | -24.03% |
Volatility
BFAP vs. ETH - Volatility Comparison
The current volatility for FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP) is 3.75%, while Grayscale Ethereum Staking Mini ETF (ETH) has a volatility of 11.09%. This indicates that BFAP experiences smaller price fluctuations and is considered to be less risky than ETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BFAP | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 11.09% | -7.34% |
Volatility (6M)Calculated over the trailing 6-month period | 13.78% | 43.44% | -29.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 66.90% | -45.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.98% | 71.08% | -51.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.98% | 71.08% | -51.10% |
BFAP vs. ETH - Expense Ratio Comparison
BFAP has a 0.90% expense ratio, which is higher than ETH's 0.15% expense ratio.
Dividends
BFAP vs. ETH - Dividend Comparison
BFAP's dividend yield for the trailing twelve months is around 24.12%, while ETH has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April | 24.12% | 18.97% |
ETH Grayscale Ethereum Staking Mini ETF | 0.00% | 0.00% |
Frequently Asked Questions
BFAP and ETH 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.
ETH has higher volatility (11.09%) compared to BFAP (3.75%). In terms of maximum drawdown, BFAP dropped -34.15% vs ETH's -67.52%.
On 1-year performance, BFAP leads with -29.14% vs -48.28% for ETH. On fees, ETH is cheaper at 0.15% per year. On volatility, BFAP has been the lower-risk option at 3.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BFAP has performed better with a -29.14% return vs -48.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETH is cheaper with a 0.15% expense ratio, compared with 0.90% for BFAP.
BFAP has the higher dividend yield at 24.12%, compared with 0.00% for ETH.
They also come from different issuers: First Trust and Grayscale. Their fees differ too: 0.90% for BFAP and 0.15% for ETH.
ETH currently has the higher Sharpe Ratio (-0.73 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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