BFJA vs. BTC

Last updated Aug 5, 2026

BFJA (FT Vest Bitcoin Strategy Floor15 ETF - January) and BTC (Grayscale Bitcoin Mini Trust ETF) are both exchange-traded funds - BFJA is a Defined Outcome fund actively managed by First Trust, while BTC is a Cryptocurrency fund actively managed by Grayscale. Both are actively managed. Their 0.97 correlation means they have historically moved very closely together. BFJA charges 0.90%/yr vs 0.15%/yr for BTC.

Performance

BFJA vs. BTC - Performance Comparison

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

Returns By Period

BFJA

• 1D: 0.09%
• 1M: -0.09%
• 6M: -8.36%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BTC

• 1D: 0.60%
• 1M: 4.49%
• 6M: -15.95%
• YTD: -26.67%
• 1Y: -44.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -1.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BFJA FT Vest Bitcoin Strategy Floor15 ETF - January	$278.70	$434.88	$1.70K
BTC Grayscale Bitcoin Mini Trust ETF	$39.83M	$40.30M	$54.51M

BFJA vs. BTC - Yearly Performance Comparison

	2026 (YTD)
BFJA FT Vest Bitcoin Strategy Floor15 ETF - January	-13.87%
BTC Grayscale Bitcoin Mini Trust ETF	-28.89%

Correlation

The correlation between BFJA and BTC is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026	0.97

Return for Risk

BFJA vs. BTC — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

BTC

BTC Risk / Return Rank: 2
BTC Sharpe Ratio Rank: 2
BTC Sortino Ratio Rank: 2
BTC Omega Ratio Rank: 2
BTC Calmar Ratio Rank: 2
BTC Martin Ratio Rank: 2

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BFJA vs. BTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - January (BFJA) and Grayscale Bitcoin Mini Trust ETF (BTC). 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	BTC	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.00	—
Sortino ratio: Return per unit of downside risk	—	-1.47	—
Omega ratio: Gain probability vs. loss probability	—	0.84	—
Calmar ratio: Return relative to maximum drawdown	—	-0.83	—
Martin ratio: Return relative to average drawdown	—	-1.27	—

Drawdowns

BFJA vs. BTC - Drawdown Comparison

The maximum BFJA drawdown since its inception was -16.74%, smaller than the maximum BTC drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for BFJA and BTC.

Drawdown Indicators

	BFJA	BTC	Difference
Max Drawdown Largest peak-to-trough decline	-16.74%	-53.30%	+36.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-53.30%	—
Current Drawdown Current decline from peak	-15.93%	-48.89%	+32.96%
Average Drawdown Average peak-to-trough decline	-10.57%	-19.50%	+8.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	34.87%	—

Volatility

Volatility by Period

	BFJA	BTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.86%	44.32%	-30.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.86%	47.45%	-33.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.86%	47.45%	-33.59%

BFJA vs. BTC - Expense Ratio Comparison

BFJA has a 0.90% expense ratio, which is higher than BTC's 0.15% expense ratio.

Dividends

BFJA vs. BTC - Dividend Comparison

Neither BFJA nor BTC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BFJA and BTC in my portfolio?

With a correlation of 0.97, BFJA and BTC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BFJA or BTC?

On fees, BTC is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BFJA or BTC?

BTC is cheaper with a 0.15% expense ratio, compared with 0.90% for BFJA.

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

BFJA and BTC have nearly identical dividend yields, around 0.00%.

What is the main difference between BFJA and BTC?

BFJA is categorized as Defined Outcome, while BTC is Cryptocurrency. They also come from different issuers: First Trust and Grayscale. Their fees differ too: 0.90% for BFJA and 0.15% for BTC.