BFOC vs. NVDO

Last updated Jun 4, 2026

BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. BFOC charges 0.90%/yr vs 0.77%/yr for NVDO.

Performance

BFOC vs. NVDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC) 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, BFOC achieves a -7.39% return, which is significantly lower than NVDO's 18.85% return.

BFOC

• 1D: -0.24%
• 1M: -2.82%
• YTD: -7.39%
• 6M: -9.28%
• 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)

BFOC vs. NVDO - Yearly Performance Comparison

	2026 (YTD)	2025
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-7.39%	-9.76%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	18.85%	6.22%

Correlation

The correlation between BFOC and NVDO is 0.33, 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 Oct 2, 2025	0.33

Return for Risk

BFOC vs. NVDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC) 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

	BFOC	NVDO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.88	1.30	-3.18

Drawdowns

BFOC vs. NVDO - Drawdown Comparison

The maximum BFOC drawdown since its inception was -18.20%, which is greater than NVDO's maximum drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for BFOC and NVDO.

Drawdown Indicators

	BFOC	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-18.20%	-16.25%	-1.95%
Current Drawdown Current decline from peak	-18.20%	-2.68%	-15.52%
Average Drawdown Average peak-to-trough decline	-12.52%	-4.99%	-7.53%

Volatility

Volatility by Period

	BFOC	NVDO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	31.93%	-19.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.61%	31.93%	-19.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.61%	31.93%	-19.32%

BFOC vs. NVDO - Expense Ratio Comparison

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

Dividends

BFOC vs. NVDO - Dividend Comparison

BFOC has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 14.02%.

Position	TTM	2025
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	0.00%	0.00%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.02%	16.66%

Frequently Asked Questions

Can I hold both BFOC and NVDO in my portfolio?

BFOC and NVDO have a correlation of 0.33, 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 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, BFOC or NVDO?

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

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

NVDO has the higher dividend yield at 14.02%, compared with 0.00% for BFOC.

What is the main difference between BFOC and NVDO?

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