BFJA vs. FDL
BFJA (FT Vest Bitcoin Strategy Floor15 ETF - January) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - BFJA is a Defined Outcome fund actively managed by First Trust, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. BFJA is actively managed, while FDL is passively managed. Their -0.07 correlation means they have often moved in opposite directions in the past. BFJA charges 0.90%/yr vs 0.43%/yr for FDL.
Performance
BFJA vs. FDL - Performance Comparison
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Returns By Period
BFJA
- 1D
- 0.09%
- 1M
- -0.09%
- 6M
- -8.36%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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) |
|---|---|---|---|
| $278.70 | $434.88 | $1.70K | |
| $50.65M | $49.05M | $43.27M |
BFJA vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BFJA FT Vest Bitcoin Strategy Floor15 ETF - January | -13.87% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 16.13% |
Correlation
The correlation between BFJA and FDL is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026 | -0.07 |
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Return for Risk
BFJA vs. FDL — Risk / Return Rank
BFJA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FDL
BFJA vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - January (BFJA) 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.
| BFJA | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.42 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.63 | — |
| Martin ratioReturn relative to average drawdown | — | 15.64 | — |
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Drawdowns
BFJA vs. FDL - Drawdown Comparison
The maximum BFJA drawdown since its inception was -16.74%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for BFJA and FDL.
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Drawdown Indicators
| BFJA | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.74% | -65.93% | +49.19% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.27% | — |
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 | -15.93% | -1.07% | -14.86% |
Average DrawdownAverage peak-to-trough decline | -10.57% | -9.59% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.81% | — |
Volatility
BFJA vs. FDL - Volatility Comparison
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Volatility by Period
| BFJA | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.55% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.76% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 11.87% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.86% | 14.43% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.86% | 17.16% | -3.30% |
BFJA vs. FDL - Expense Ratio Comparison
BFJA has a 0.90% expense ratio, which is higher than FDL's 0.43% expense ratio.
Dividends
BFJA vs. FDL - Dividend Comparison
BFJA has not paid dividends to shareholders, while FDL's dividend yield for the trailing twelve months is around 3.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFJA FT Vest Bitcoin Strategy Floor15 ETF - January | 0.00% | 0.00% | 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
BFJA and FDL have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FDL is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FDL is cheaper with a 0.43% expense ratio, compared with 0.90% for BFJA.
FDL has the higher dividend yield at 3.56%, compared with 0.00% for BFJA.
BFJA is categorized as Defined Outcome, while FDL is Large Cap Value Equities. Their fees differ too: 0.90% for BFJA and 0.43% for FDL.
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