BFJL vs. BFAP

Last updated Jun 4, 2026

BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) and BFAP (FT Vest Bitcoin Strategy Floor15 ETF - April) are both exchange-traded funds - BFJL is a Defined Outcome fund managed by First Trust, while BFAP is a Cryptocurrency fund actively managed by First Trust. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.90% expense ratio.

Performance

BFJL vs. BFAP - Performance Comparison

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

Returns By Period

In the year-to-date period, BFJL achieves a -7.67% return, which is significantly higher than BFAP's -20.89% return.

BFJL

• 1D: 0.09%
• 1M: -1.12%
• YTD: -7.67%
• 6M: -10.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFAP

• 1D: -1.05%
• 1M: -7.01%
• YTD: -20.89%
• 6M: -23.66%
• 1Y: -24.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BFJL vs. BFAP - Yearly Performance Comparison

	2026 (YTD)	2025
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-7.67%	-7.43%
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April	-20.89%	-6.11%

Correlation

The correlation between BFJL and BFAP 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 Jul 2, 2025	0.92

Return for Risk

BFJL vs. BFAP — Risk / Return Rank

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

BFAP

BFAP Risk / Return Rank: 1
BFAP Sharpe Ratio Rank: 1
BFAP Sortino Ratio Rank: 1
BFAP Omega Ratio Rank: 1
BFAP Calmar Ratio Rank: 2
BFAP Martin Ratio Rank: 1

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.

BFJL vs. BFAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) and FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP). 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.

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

Sharpe Ratios by Period

	BFJL	BFAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.14	-0.59	-0.55

Drawdowns

BFJL vs. BFAP - Drawdown Comparison

The maximum BFJL drawdown since its inception was -21.27%, smaller than the maximum BFAP drawdown of -31.25%. Use the drawdown chart below to compare losses from any high point for BFJL and BFAP.

Drawdown Indicators

	BFJL	BFAP	Difference
Max Drawdown Largest peak-to-trough decline	-21.27%	-31.25%	+9.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.25%	—
Current Drawdown Current decline from peak	-21.20%	-31.25%	+10.05%
Average Drawdown Average peak-to-trough decline	-11.76%	-10.77%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.89%	—

Volatility

Volatility by Period

	BFJL	BFAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.76%	21.26%	-7.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	20.57%	-6.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.76%	20.57%	-6.81%

BFJL vs. BFAP - Expense Ratio Comparison

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

Dividends

BFJL vs. BFAP - Dividend Comparison

BFJL's dividend yield for the trailing twelve months is around 1.46%, less than BFAP's 23.98% yield.

Position	TTM	2025
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April	23.98%	18.97%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.46%	1.35%

Frequently Asked Questions

Can I hold both BFJL and BFAP in my portfolio?

With a correlation of 0.92, BFJL and BFAP 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, BFJL or BFAP?

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, BFJL or BFAP?

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

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

BFAP has the higher dividend yield at 23.98%, compared with 1.46% for BFJL.

What is the main difference between BFJL and BFAP?

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