BFJL vs. NVDO

Last updated Jun 4, 2026

BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. At a 0.23 correlation, their price movements are largely independent. BFJL charges 0.90%/yr vs 0.77%/yr for NVDO.

Performance

BFJL vs. NVDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). 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 lower than NVDO's 18.85% return.

BFJL

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

NVDO

• 1D: -2.46%
• 1M: 14.15%
• YTD: 18.85%
• 6M: 29.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BFJL vs. NVDO - Yearly Performance Comparison

	2026 (YTD)	2025
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-7.67%	-13.30%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	18.85%	11.12%

Correlation

The correlation between BFJL and NVDO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 14, 2025	0.23

Return for Risk

BFJL vs. NVDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). 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	NVDO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.14	1.30	-2.44

Drawdowns

BFJL vs. NVDO - Drawdown Comparison

The maximum BFJL drawdown since its inception was -21.27%, which is greater than NVDO's maximum drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for BFJL and NVDO.

Drawdown Indicators

	BFJL	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-21.27%	-16.25%	-5.02%
Current Drawdown Current decline from peak	-21.20%	-2.68%	-18.52%
Average Drawdown Average peak-to-trough decline	-11.76%	-4.99%	-6.77%

Volatility

Volatility by Period

	BFJL	NVDO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.76%	31.93%	-18.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	31.93%	-18.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.76%	31.93%	-18.17%

BFJL vs. NVDO - Expense Ratio Comparison

BFJL has a 0.90% expense ratio, which is higher than NVDO's 0.77% expense ratio.

Dividends

BFJL vs. NVDO - Dividend Comparison

BFJL's dividend yield for the trailing twelve months is around 1.46%, less than NVDO's 14.02% yield.

Position	TTM	2025
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.46%	1.35%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.02%	16.66%

Frequently Asked Questions

Can I hold both BFJL and NVDO in my portfolio?

BFJL and NVDO have a correlation of 0.23, 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 NVDO?

On fees, NVDO is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BFJL or NVDO?

NVDO is cheaper with a 0.77% expense ratio, compared with 0.90% for BFJL.

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

NVDO has the higher dividend yield at 14.02%, compared with 1.46% for BFJL.

What is the main difference between BFJL and NVDO?

They also come from different issuers: First Trust and Leverage Shares. Their fees differ too: 0.90% for BFJL and 0.77% for NVDO.