BFAP vs. FDL
BFAP (FT Vest Bitcoin Strategy Floor15 ETF - April) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - BFAP is a Cryptocurrency fund actively managed by First Trust, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. BFAP is actively managed, while FDL is passively managed. Over the past year, BFAP returned -29.14% vs 28.21% for FDL. Their 0.09 correlation means their historical movements had little consistent relationship. BFAP charges 0.90%/yr vs 0.43%/yr for FDL.
Performance
BFAP vs. FDL - 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 FDL's 19.24% return.
BFAP
- 1D
- 0.25%
- 1M
- 1.78%
- 6M
- -13.09%
- YTD
- -21.35%
- 1Y
- -29.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.97%
FDL
- 1D
- 0.52%
- 1M
- 4.21%
- 6M
- 8.54%
- YTD
- 19.24%
- 1Y
- 28.21%
- 3Y*
- 19.23%
- 5Y*
- 14.12%
- 10Y*
- 11.14%
- ALL TIME*
- 8.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.29K | $11.99K | $25.71K | |
| $50.65M | $49.05M | $43.27M |
BFAP vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April | -21.35% | 8.90% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 19.24% | 9.49% |
Correlation
The correlation between BFAP and FDL is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025 | 0.09 |
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Return for Risk
BFAP vs. FDL — Risk / Return Rank
BFAP
FDL
BFAP vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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 | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.75 | ||
| Sortino ratioReturn per unit of downside risk | -5.51 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.42 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 6.63 | -7.49 |
| Martin ratioReturn relative to average drawdown | -1.37 | 15.64 | -17.00 |
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Drawdowns
BFAP vs. FDL - Drawdown Comparison
The maximum BFAP drawdown since its inception was -34.15%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for BFAP and FDL.
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Drawdown Indicators
| BFAP | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.15% | -65.93% | +31.78% |
Max Drawdown (1Y)Largest decline over 1 year | -34.15% | -4.27% | -29.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.40% | — |
Current DrawdownCurrent decline from peak | -31.65% | -1.07% | -30.58% |
Average DrawdownAverage peak-to-trough decline | -13.41% | -9.59% | -3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.36% | 1.81% | +19.55% |
Volatility
BFAP vs. FDL - Volatility Comparison
The current volatility for FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP) is 3.75%, while First Trust Morningstar Dividend Leaders Index Fund (FDL) has a volatility of 4.55%. This indicates that BFAP experiences smaller price fluctuations and is considered to be less risky than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BFAP | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 4.55% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 13.78% | 8.76% | +5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 11.87% | +9.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.98% | 14.43% | +5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.98% | 17.16% | +2.82% |
BFAP vs. FDL - Expense Ratio Comparison
BFAP has a 0.90% expense ratio, which is higher than FDL's 0.43% expense ratio.
Dividends
BFAP vs. FDL - Dividend Comparison
BFAP's dividend yield for the trailing twelve months is around 24.12%, more than FDL's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April | 24.12% | 18.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.56% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
Frequently Asked Questions
BFAP and FDL have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDL has higher volatility (4.55%) compared to BFAP (3.75%). In terms of maximum drawdown, BFAP dropped -34.15% vs FDL's -65.93%.
On 1-year performance, FDL leads with 28.21% vs -29.14% for BFAP. On fees, FDL is cheaper at 0.43% 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, FDL has performed better with a 28.21% return vs -29.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDL is cheaper with a 0.43% expense ratio, compared with 0.90% for BFAP.
BFAP has the higher dividend yield at 24.12%, compared with 3.56% for FDL.
BFAP is categorized as Cryptocurrency, while FDL is Large Cap Value Equities. Their fees differ too: 0.90% for BFAP and 0.43% for FDL.
FDL currently has the higher Sharpe Ratio (2.39 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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