BFJL vs. BITO

Last updated Jun 24, 2026

BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - BFJL is a Defined Outcome fund managed by First Trust, while BITO is a Cryptocurrency fund actively managed by ProShares. Their correlation of 0.90 suggests significant overlap in exposure. BFJL charges 0.90%/yr vs 0.95%/yr for BITO.

Performance

BFJL vs. BITO - Performance Comparison

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

Returns By Period

In the year-to-date period, BFJL achieves a -7.59% return, which is significantly higher than BITO's -29.93% return.

BFJL

• 1D: 0.03%
• 1M: 0.06%
• YTD: -7.59%
• 6M: -8.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITO

• 1D: -3.31%
• 1M: -18.05%
• YTD: -29.93%
• 6M: -30.03%
• 1Y: -42.09%
• 3Y*: 18.00%
• 5Y*: —
• 10Y*: —

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

BFJL vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-7.59%	-7.43%
BITO ProShares Bitcoin Strategy ETF	-29.93%	-20.62%

Correlation

The correlation between BFJL and BITO is 0.90, 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 1, 2025	0.90

Return for Risk

BFJL vs. BITO — Risk / Return Rank

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

BFJL

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

BITO

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

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. BITO - Risk-Adjusted Trends Comparison

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

	BFJL	BITO	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.96	—
Sortino ratio: Return per unit of downside risk	—	-1.38	—
Omega ratio: Gain probability vs. loss probability	—	0.85	—
Calmar ratio: Return relative to maximum drawdown	—	-0.80	—
Martin ratio: Return relative to average drawdown	—	-1.35	—

Drawdowns

BFJL vs. BITO - Drawdown Comparison

The maximum BFJL drawdown since its inception was -21.27%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BFJL and BITO.

Drawdown Indicators

	BFJL	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-21.27%	-77.86%	+56.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-53.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-53.10%	—
Current Drawdown Current decline from peak	-21.12%	-51.67%	+30.55%
Average Drawdown Average peak-to-trough decline	-12.21%	-36.86%	+24.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	31.28%	—

Volatility

Volatility by Period

	BFJL	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.37%	44.08%	-30.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.37%	55.02%	-41.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.37%	55.02%	-41.65%

BFJL vs. BITO - Expense Ratio Comparison

BFJL has a 0.90% expense ratio, which is lower than BITO's 0.95% expense ratio.

Dividends

BFJL vs. BITO - Dividend Comparison

BFJL's dividend yield for the trailing twelve months is around 1.46%, less than BITO's 71.07% yield.

Position	TTM	2025	2024	2023
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.46%	1.35%	0.00%	0.00%
BITO ProShares Bitcoin Strategy ETF	71.07%	78.29%	61.59%	15.14%

Frequently Asked Questions

Can I hold both BFJL and BITO in my portfolio?

BFJL and BITO have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BFJL or BITO?

On fees, BFJL is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BFJL or BITO?

BFJL is cheaper with a 0.90% expense ratio, compared with 0.95% for BITO.

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

BITO has the higher dividend yield at 71.07%, compared with 1.46% for BFJL.

What is the main difference between BFJL and BITO?

BFJL is categorized as Defined Outcome, while BITO is Cryptocurrency. They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.90% for BFJL and 0.95% for BITO.