BFJA vs. MSBT
BFJA (FT Vest Bitcoin Strategy Floor15 ETF - January) and MSBT (Morgan Stanley Bitcoin Trust) are both Cryptocurrency funds. BFJA is actively managed, while MSBT is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. BFJA charges 0.90%/yr vs 0.14%/yr for MSBT.
Performance
BFJA vs. MSBT - Performance Comparison
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Returns By Period
BFJA
- 1D
- 0.04%
- 1M
- -1.52%
- 6M
- -15.18%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSBT
- 1D
- 0.59%
- 1M
- -2.31%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BFJA vs. MSBT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BFJA FT Vest Bitcoin Strategy Floor15 ETF - January | -4.97% |
MSBT Morgan Stanley Bitcoin Trust | -10.43% |
Correlation
The correlation between BFJA and MSBT is 0.92, 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 Apr 8, 2026 | 0.92 |
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Return for Risk
BFJA vs. MSBT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - January (BFJA) and Morgan Stanley Bitcoin Trust (MSBT). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
BFJA vs. MSBT - Drawdown Comparison
The maximum BFJA drawdown since its inception was -16.74%, smaller than the maximum MSBT drawdown of -28.33%. Use the drawdown chart below to compare losses from any high point for BFJA and MSBT.
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Drawdown Indicators
| BFJA | MSBT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.74% | -28.33% | +11.59% |
Current DrawdownCurrent decline from peak | -15.18% | -20.76% | +5.58% |
Average DrawdownAverage peak-to-trough decline | -10.02% | -12.03% | +2.01% |
Volatility
BFJA vs. MSBT - Volatility Comparison
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Volatility by Period
| BFJA | MSBT | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 14.46% | 37.13% | -22.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 37.13% | -22.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.46% | 37.13% | -22.67% |
BFJA vs. MSBT - Expense Ratio Comparison
BFJA has a 0.90% expense ratio, which is higher than MSBT's 0.14% expense ratio.
Dividends
BFJA vs. MSBT - Dividend Comparison
Neither BFJA nor MSBT has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, BFJA and MSBT 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.
On fees, MSBT is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSBT is cheaper with a 0.14% expense ratio, compared with 0.90% for BFJA.
BFJA and MSBT have nearly identical dividend yields, around 0.00%.
They also come from different issuers: First Trust and Morgan Stanley. Their fees differ too: 0.90% for BFJA and 0.14% for MSBT.
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