BFJL vs. IBIT

Last updated Jun 4, 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 managed by First Trust, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Their correlation of 0.93 suggests significant overlap in exposure. 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 -7.67% return, which is significantly higher than IBIT's -25.48% return.

BFJL

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

IBIT

• 1D: -2.76%
• 1M: -18.50%
• YTD: -25.48%
• 6M: -29.84%
• 1Y: -38.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BFJL vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-7.67%	-7.43%
IBIT iShares Bitcoin Trust ETF	-25.48%	-17.03%

Correlation

The correlation between BFJL and IBIT 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. IBIT — Risk / Return Rank

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

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: 2
IBIT 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. 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.

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

Sharpe Ratios by Period

	BFJL	IBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.14	0.30	-1.44

Drawdowns

BFJL vs. IBIT - Drawdown Comparison

The maximum BFJL drawdown since its inception was -21.27%, smaller than the maximum IBIT drawdown of -49.36%. 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%	-49.36%	+28.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.36%	—
Current Drawdown Current decline from peak	-21.20%	-48.10%	+26.90%
Average Drawdown Average peak-to-trough decline	-11.76%	-16.02%	+4.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.44%	—

Volatility

Volatility by Period

	BFJL	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.76%	43.73%	-29.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	50.19%	-36.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.76%	50.19%	-36.43%

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 1.46%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.46%	1.35%
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BFJL and IBIT in my portfolio?

With a correlation of 0.93, BFJL and IBIT 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 IBIT?

On fees, IBIT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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 1.46%, 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. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.90% for BFJL and 0.25% for IBIT.