BFJL vs. BITO
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 tracking the iShares Bitcoin Trust ETF (IBIT), while BITO is a Cryptocurrency fund actively managed by ProShares. BFJL is passively managed, while BITO is actively managed. Over the past year, BFJL returned -13.79% vs -45.00% for BITO. Their correlation of 0.89 means they have usually moved in the same direction. BFJL charges 0.90%/yr vs 0.95%/yr for BITO.
Performance
BFJL vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, BFJL achieves a -4.00% return, which is significantly higher than BITO's -27.23% return.
BFJL
- 1D
- 0.38%
- 1M
- 1.35%
- 6M
- 1.17%
- YTD
- -4.00%
- 1Y
- -13.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.21%
BITO
- 1D
- 1.04%
- 1M
- 1.67%
- 6M
- -12.90%
- YTD
- -27.23%
- 1Y
- -45.00%
- 3Y*
- 22.88%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.79K | $7.86K | $4.98K | |
| $991.40M | $2.39B | $2.05B |
BFJL vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -4.00% | -7.43% |
BITO ProShares Bitcoin Strategy ETF | -27.23% | -20.62% |
Correlation
The correlation between BFJL and BITO is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.89 |
The correlation between BFJL and BITO has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.
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Return for Risk
BFJL vs. BITO — Risk / Return Rank
BFJL
BITO
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 ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.83 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | -0.83 | +0.18 |
| Martin ratioReturn relative to average drawdown | -0.87 | -1.25 | +0.38 |
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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.
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Drawdown Indicators
| BFJL | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.27% | -77.86% | +56.59% |
Max Drawdown (1Y)Largest decline over 1 year | -21.27% | -54.47% | +33.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -54.47% | — |
Current DrawdownCurrent decline from peak | -18.06% | -49.81% | +31.75% |
Average DrawdownAverage peak-to-trough decline | -12.96% | -37.21% | +24.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.87% | 35.90% | -20.03% |
Volatility
BFJL vs. BITO - Volatility Comparison
The current volatility for FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) is 3.39%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 8.06%. This indicates that BFJL experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BFJL | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 8.06% | -4.67% |
Volatility (6M)Calculated over the trailing 6-month period | 5.12% | 32.73% | -27.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.19% | 44.11% | -30.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.12% | 54.54% | -41.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.12% | 54.54% | -41.42% |
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 1.40%, less than BITO's 46.28% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.40% | 1.35% | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 46.28% | 78.29% | 61.59% | 15.14% |
Frequently Asked Questions
BFJL and BITO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITO has higher volatility (8.06%) compared to BFJL (3.39%). In terms of maximum drawdown, BFJL dropped -21.27% vs BITO's -77.86%.
On 1-year performance, BFJL leads with -13.79% vs -45.00% for BITO. On fees, BFJL is cheaper at 0.90% per year. On volatility, BFJL has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BFJL has performed better with a -13.79% return vs -45.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BFJL is cheaper with a 0.90% expense ratio, compared with 0.95% for BITO.
BITO has the higher dividend yield at 46.28%, compared with 1.40% for BFJL.
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.
BITO currently has the higher Sharpe Ratio (-1.02 vs -1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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