BFJL vs. DFII

Last updated Jun 3, 2026

BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) and DFII (FT Vest Bitcoin Strategy & Target Income ETF) are both exchange-traded funds - BFJL is a Defined Outcome fund managed by First Trust, while DFII is a Cryptocurrency fund actively managed by First Trust. Their correlation of 0.93 suggests significant overlap in exposure. BFJL charges 0.90%/yr vs 0.85%/yr for DFII.

Performance

BFJL vs. DFII - 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 & Target Income ETF (DFII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BFJL achieves a -7.75% return, which is significantly higher than DFII's -22.74% return.

BFJL

• 1D: -0.15%
• 1M: -0.98%
• YTD: -7.75%
• 6M: -9.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFII

• 1D: -6.02%
• 1M: -13.41%
• YTD: -22.74%
• 6M: -24.59%
• 1Y: -34.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BFJL vs. DFII - Yearly Performance Comparison

	2026 (YTD)	2025
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-7.75%	-7.43%
DFII FT Vest Bitcoin Strategy & Target Income ETF	-22.74%	-16.45%

Correlation

The correlation between BFJL and DFII is 0.93, 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	0.93

Return for Risk

BFJL vs. DFII — Risk / Return Rank

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

DFII

DFII Risk / Return Rank: 2
DFII Sharpe Ratio Rank: 2
DFII Sortino Ratio Rank: 3
DFII Omega Ratio Rank: 2
DFII Calmar Ratio Rank: 3
DFII 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. DFII - 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 & Target Income ETF (DFII). 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	DFII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.15	-0.39	-0.76

Drawdowns

BFJL vs. DFII - Drawdown Comparison

The maximum BFJL drawdown since its inception was -21.27%, smaller than the maximum DFII drawdown of -48.07%. Use the drawdown chart below to compare losses from any high point for BFJL and DFII.

Drawdown Indicators

	BFJL	DFII	Difference
Max Drawdown Largest peak-to-trough decline	-21.27%	-48.07%	+26.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-48.07%	—
Current Drawdown Current decline from peak	-21.27%	-44.48%	+23.21%
Average Drawdown Average peak-to-trough decline	-11.72%	-18.91%	+7.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.89%	—

Volatility

Volatility by Period

	BFJL	DFII	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	41.26%	-27.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.79%	41.08%	-27.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.79%	41.08%	-27.29%

BFJL vs. DFII - Expense Ratio Comparison

BFJL has a 0.90% expense ratio, which is higher than DFII's 0.85% expense ratio.

Dividends

BFJL vs. DFII - Dividend Comparison

BFJL's dividend yield for the trailing twelve months is around 1.46%, less than DFII's 27.13% yield.

Position	TTM	2025
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.46%	1.35%
DFII FT Vest Bitcoin Strategy & Target Income ETF	27.13%	15.51%

Frequently Asked Questions

Can I hold both BFJL and DFII in my portfolio?

With a correlation of 0.93, BFJL and DFII 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 DFII?

On fees, DFII is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BFJL or DFII?

DFII is cheaper with a 0.85% expense ratio, compared with 0.90% for BFJL.

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

DFII has the higher dividend yield at 27.13%, compared with 1.46% for BFJL.

What is the main difference between BFJL and DFII?

BFJL is categorized as Defined Outcome, while DFII is Cryptocurrency. Their fees differ too: 0.90% for BFJL and 0.85% for DFII.