BFJL vs. IBIT

Last updated Aug 6, 2026

BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - BFJL is a Defined Outcome fund tracking the iShares Bitcoin Trust ETF (IBIT), while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, BFJL returned -13.79% vs -43.08% for IBIT. Their correlation of 0.89 means they have usually moved in the same direction. BFJL charges 0.90%/yr vs 0.25%/yr for IBIT.

Performance

BFJL vs. IBIT - Performance Comparison

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

Returns By Period

In the year-to-date period, BFJL achieves a -4.00% return, which is significantly higher than IBIT's -26.00% return.

BFJL

• 1D: 0.38%
• 1M: 1.35%
• 6M: 1.17%
• YTD: -4.00%
• 1Y: -13.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -10.21%

IBIT

• 1D: 0.96%
• 1M: 1.72%
• 6M: -11.62%
• YTD: -26.00%
• 1Y: -43.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.26%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	$5.79K	$7.86K	$4.98K
IBIT iShares Bitcoin Trust ETF	$1.32B	$1.30B	$1.64B

BFJL vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-4.00%	-7.43%
IBIT iShares Bitcoin Trust ETF	-26.00%	-18.89%

Correlation

The correlation between BFJL and IBIT 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 IBIT has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.

Return for Risk

BFJL vs. IBIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BFJL

BFJL Risk / Return Rank: 3
BFJL Sharpe Ratio Rank: 1
BFJL Sortino Ratio Rank: 2
BFJL Omega Ratio Rank: 2
BFJL Calmar Ratio Rank: 4
BFJL Martin Ratio Rank: 5

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 2
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 3
IBIT Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BFJL vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) and iShares Bitcoin Trust ETF (IBIT). 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	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	-0.97	-0.08
Sortino ratio: Return per unit of downside risk	-1.39	-1.41	+0.02
Omega ratio: Gain probability vs. loss probability	0.83	0.84	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.65	-0.81	+0.16
Martin ratio: Return relative to average drawdown	-0.87	-1.23	+0.36

BFJL vs. IBIT - Sharpe Ratio Comparison

The current BFJL Sharpe Ratio is -1.05, which is comparable to the IBIT Sharpe Ratio of -0.97. The chart below compares the historical Sharpe Ratios of BFJL and IBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BFJL vs. IBIT - Drawdown Comparison

The maximum BFJL drawdown since its inception was -21.27%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for BFJL and IBIT.

Drawdown Indicators

	BFJL	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-21.27%	-53.30%	+32.03%
Max Drawdown (1Y) Largest decline over 1 year	-21.27%	-53.30%	+32.03%
Current Drawdown Current decline from peak	-18.06%	-48.46%	+30.40%
Average Drawdown Average peak-to-trough decline	-12.96%	-18.39%	+5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.87%	35.07%	-19.20%

Volatility

BFJL vs. IBIT - Volatility Comparison

The current volatility for FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) is 3.39%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.34%. This indicates that BFJL experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BFJL	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	8.34%	-4.95%
Volatility (6M) Calculated over the trailing 6-month period	5.12%	33.03%	-27.91%
Volatility (1Y) Calculated over the trailing 1-year period	13.19%	44.38%	-31.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.12%	49.50%	-36.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.12%	49.50%	-36.38%

BFJL vs. IBIT - Expense Ratio Comparison

BFJL has a 0.90% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

BFJL vs. IBIT - Dividend Comparison

BFJL's dividend yield for the trailing twelve months is around 1.40%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.40%	1.35%
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BFJL and IBIT in my portfolio?

BFJL and IBIT 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.

Which is riskier, BFJL or IBIT?

IBIT has higher volatility (8.34%) compared to BFJL (3.39%). In terms of maximum drawdown, BFJL dropped -21.27% vs IBIT's -53.30%.

Which ETF is better, BFJL or IBIT?

On 1-year performance, BFJL leads with -13.79% vs -43.08% for IBIT. On fees, IBIT is cheaper at 0.25% 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.

Which ETF has performed better, BFJL or IBIT?

Over the 1-year period, BFJL has performed better with a -13.79% return vs -43.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BFJL or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.90% for BFJL.

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

BFJL has the higher dividend yield at 1.40%, compared with 0.00% for IBIT.

What is the main difference between BFJL and IBIT?

BFJL is categorized as Defined Outcome, while IBIT is Cryptocurrency. BFJL tracks iShares Bitcoin Trust ETF (IBIT), while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.90% for BFJL and 0.25% for IBIT.

Which has better risk-adjusted returns?

IBIT currently has the higher Sharpe Ratio (-0.97 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.