BFOC vs. AIRR
BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) and AIRR (First Trust RBA American Industrial Renaissance ETF) are both exchange-traded funds - BFOC is a Defined Outcome fund actively managed by First Trust, while AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index. BFOC is actively managed, while AIRR is passively managed. Their 0.39 correlation means their historical movements had little consistent relationship. BFOC charges 0.90%/yr vs 0.69%/yr for AIRR.
Performance
BFOC vs. AIRR - Performance Comparison
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Returns By Period
In the year-to-date period, BFOC achieves a -6.82% return, which is significantly lower than AIRR's 24.83% return.
BFOC
- 1D
- -0.03%
- 1M
- 0.09%
- 6M
- -3.48%
- YTD
- -6.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
AIRR
- 1D
- 2.00%
- 1M
- -2.58%
- 6M
- 6.33%
- YTD
- 24.83%
- 1Y
- 42.47%
- 3Y*
- 31.89%
- 5Y*
- 24.44%
- 10Y*
- 20.41%
- ALL TIME*
- 16.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $88.17M | $87.12M | $91.57M | |
| $37.66K | $47.54K | $63.36K |
BFOC vs. AIRR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October | -6.82% | -9.75% |
AIRR First Trust RBA American Industrial Renaissance ETF | 24.83% | 1.72% |
Correlation
The correlation between BFOC and AIRR is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.39 |
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Return for Risk
BFOC vs. AIRR — Risk / Return Rank
BFOC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AIRR
BFOC vs. AIRR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.
| BFOC | AIRR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.48 | — |
| Martin ratioReturn relative to average drawdown | — | 9.38 | — |
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Drawdowns
BFOC vs. AIRR - Drawdown Comparison
The maximum BFOC drawdown since its inception was -18.41%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for BFOC and AIRR.
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Drawdown Indicators
| BFOC | AIRR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.41% | -42.37% | +23.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.37% | — |
Current DrawdownCurrent decline from peak | -17.69% | -7.95% | -9.74% |
Average DrawdownAverage peak-to-trough decline | -13.54% | -7.47% | -6.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.54% | — |
Volatility
BFOC vs. AIRR - Volatility Comparison
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Volatility by Period
| BFOC | AIRR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.45% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 22.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.66% | 28.14% | -16.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.66% | 25.74% | -14.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.66% | 26.50% | -14.84% |
BFOC vs. AIRR - Expense Ratio Comparison
BFOC has a 0.90% expense ratio, which is higher than AIRR's 0.69% expense ratio.
Dividends
BFOC vs. AIRR - Dividend Comparison
BFOC has not paid dividends to shareholders, while AIRR's dividend yield for the trailing twelve months is around 0.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.09% | 0.19% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% |
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BFOC and AIRR have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AIRR is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AIRR is cheaper with a 0.69% expense ratio, compared with 0.90% for BFOC.
AIRR has the higher dividend yield at 0.09%, compared with 0.00% for BFOC.
BFOC is categorized as Defined Outcome, while AIRR is Building & Construction. Their fees differ too: 0.90% for BFOC and 0.69% for AIRR.
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