BFOC vs. GXRP

Last updated Jun 4, 2026

BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) and GXRP (Grayscale XRP Trust ETF) are both exchange-traded funds - BFOC is a Defined Outcome fund actively managed by First Trust, while GXRP is a Cryptocurrency fund tracking the CoinDesk XRP Reference Rate Index. BFOC is actively managed, while GXRP is passively managed. Their correlation of 0.80 suggests significant overlap in exposure. BFOC charges 0.90%/yr vs 0.35%/yr for GXRP.

Performance

BFOC vs. GXRP - Performance Comparison

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

Returns By Period

In the year-to-date period, BFOC achieves a -7.39% return, which is significantly higher than GXRP's -34.34% return.

BFOC

• 1D: -0.24%
• 1M: -2.82%
• YTD: -7.39%
• 6M: -9.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXRP

• 1D: -1.56%
• 1M: -14.02%
• YTD: -34.34%
• 6M: -45.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BFOC vs. GXRP - Yearly Performance Comparison

	2026 (YTD)	2025
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-7.39%	-0.70%
GXRP Grayscale XRP Trust ETF	-34.34%	-18.76%

Correlation

The correlation between BFOC and GXRP is 0.80, 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 Nov 25, 2025	0.80

Return for Risk

BFOC vs. GXRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC) and Grayscale XRP Trust ETF (GXRP). 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

	BFOC	GXRP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.88	-0.98	-0.89

Drawdowns

BFOC vs. GXRP - Drawdown Comparison

The maximum BFOC drawdown since its inception was -18.20%, smaller than the maximum GXRP drawdown of -48.62%. Use the drawdown chart below to compare losses from any high point for BFOC and GXRP.

Drawdown Indicators

	BFOC	GXRP	Difference
Max Drawdown Largest peak-to-trough decline	-18.20%	-48.62%	+30.42%
Current Drawdown Current decline from peak	-18.20%	-48.13%	+29.93%
Average Drawdown Average peak-to-trough decline	-12.52%	-30.15%	+17.63%

Volatility

Volatility by Period

	BFOC	GXRP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	71.89%	-59.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.61%	71.89%	-59.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.61%	71.89%	-59.28%

BFOC vs. GXRP - Expense Ratio Comparison

BFOC has a 0.90% expense ratio, which is higher than GXRP's 0.35% expense ratio.

Dividends

BFOC vs. GXRP - Dividend Comparison

Neither BFOC nor GXRP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BFOC and GXRP in my portfolio?

BFOC and GXRP have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BFOC or GXRP?

On fees, GXRP is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BFOC or GXRP?

GXRP is cheaper with a 0.35% expense ratio, compared with 0.90% for BFOC.

Which ETF pays a higher dividend yield, BFOC or GXRP?

BFOC and GXRP have nearly identical dividend yields, around 0.00%.

What is the main difference between BFOC and GXRP?

BFOC is categorized as Defined Outcome, while GXRP is Cryptocurrency. They also come from different issuers: First Trust and Grayscale. Their fees differ too: 0.90% for BFOC and 0.35% for GXRP.