BFJA vs. BFJL

Last updated Jul 16, 2026

BFJA (FT Vest Bitcoin Strategy Floor15 ETF - January) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BFJA is a Cryptocurrency fund actively managed by First Trust, while BFJL is a Defined Outcome fund managed by First Trust. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.90% expense ratio.

Performance

BFJA vs. BFJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Bitcoin Strategy Floor15 ETF - January (BFJA) and FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BFJA

• 1D: 0.04%
• 1M: -1.52%
• 6M: -15.18%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFJL

• 1D: 0.35%
• 1M: 3.83%
• 6M: -8.53%
• YTD: -4.08%
• 1Y: -14.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BFJA vs. BFJL - Yearly Performance Comparison

	2026 (YTD)
BFJA FT Vest Bitcoin Strategy Floor15 ETF - January	-13.10%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-5.23%

Correlation

The correlation between BFJA and BFJL is 0.84, 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 Jan 12, 2026	0.84

Return for Risk

BFJA vs. BFJL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BFJA

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

BFJL

BFJL Risk / Return Rank: 3
BFJL Sharpe Ratio Rank: 1
BFJL Sortino Ratio Rank: 2
BFJL Omega Ratio Rank: 1
BFJL Calmar Ratio Rank: 4
BFJL Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BFJA vs. BFJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - January (BFJA) 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.

	BFJA	BFJL	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.11	—
Sortino ratio: Return per unit of downside risk	—	-1.49	—
Omega ratio: Gain probability vs. loss probability	—	0.82	—
Calmar ratio: Return relative to maximum drawdown	—	-0.69	—
Martin ratio: Return relative to average drawdown	—	-0.96	—

Drawdowns

BFJA vs. BFJL - Drawdown Comparison

The maximum BFJA drawdown since its inception was -16.74%, smaller than the maximum BFJL drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BFJA and BFJL.

Drawdown Indicators

	BFJA	BFJL	Difference
Max Drawdown Largest peak-to-trough decline	-16.74%	-21.27%	+4.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.27%	—
Current Drawdown Current decline from peak	-15.18%	-18.13%	+2.95%
Average Drawdown Average peak-to-trough decline	-10.02%	-12.65%	+2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.23%	—

Volatility

Volatility by Period

	BFJA	BFJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.46%	13.24%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.46%	13.29%	+1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.46%	13.29%	+1.17%

BFJA vs. BFJL - Expense Ratio Comparison

Both BFJA and BFJL have an expense ratio of 0.90%.

Dividends

BFJA vs. BFJL - Dividend Comparison

BFJA has not paid dividends to shareholders, while BFJL's dividend yield for the trailing twelve months is around 1.40%.

Position	TTM	2025
BFJA FT Vest Bitcoin Strategy Floor15 ETF - January	0.00%	0.00%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.40%	1.35%

Frequently Asked Questions

Can I hold both BFJA and BFJL in my portfolio?

BFJA and BFJL have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BFJA or BFJL?

Both ETFs have the same 0.90% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BFJA or BFJL?

BFJA and BFJL have the same expense ratio: 0.90% per year.

Which ETF pays a higher dividend yield, BFJA or BFJL?

BFJL has the higher dividend yield at 1.40%, compared with 0.00% for BFJA.

What is the main difference between BFJA and BFJL?

BFJA is categorized as Cryptocurrency, while BFJL is Defined Outcome.