BFOC vs. OBTC

Last updated Aug 5, 2026

BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) and OBTC (Osprey Bitcoin Trust) are both exchange-traded funds - BFOC is a Defined Outcome fund actively managed by First Trust, while OBTC is a Cryptocurrency fund tracking the Bitcoin (BTC). BFOC is actively managed, while OBTC is passively managed. Their correlation of 0.84 means they have usually moved in the same direction. BFOC charges 0.90%/yr vs 0.49%/yr for OBTC.

Performance

BFOC vs. OBTC - Performance Comparison

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

Returns By Period

In the year-to-date period, BFOC achieves a -6.82% return, which is significantly higher than OBTC's -26.66% return.

BFOC

• 1D: -0.03%
• 1M: 0.09%
• 6M: -3.48%
• YTD: -6.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

OBTC

• 1D: 0.95%
• 1M: 4.80%
• 6M: -16.02%
• YTD: -26.66%
• 1Y: -36.66%
• 3Y*: 42.55%
• 5Y*: 5.44%
• 10Y*: —
• ALL TIME*: -6.65%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	$37.66K	$47.54K	$63.36K
OBTC Osprey Bitcoin Trust	$131.03K	$187.41K	$211.76K

BFOC vs. OBTC - Yearly Performance Comparison

	2026 (YTD)	2025
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-6.82%	-9.75%
OBTC Osprey Bitcoin Trust	-26.66%	-18.08%

Correlation

The correlation between BFOC and OBTC is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.84

Return for Risk

BFOC vs. OBTC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BFOC

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

OBTC

OBTC Risk / Return Rank: 3
OBTC Sharpe Ratio Rank: 3
OBTC Sortino Ratio Rank: 3
OBTC Omega Ratio Rank: 3
OBTC Calmar Ratio Rank: 3
OBTC Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BFOC vs. OBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC) and Osprey Bitcoin Trust (OBTC). 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	OBTC	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.82	—
Sortino ratio: Return per unit of downside risk	—	-1.10	—
Omega ratio: Gain probability vs. loss probability	—	0.88	—
Calmar ratio: Return relative to maximum drawdown	—	-0.74	—
Martin ratio: Return relative to average drawdown	—	-1.18	—

Drawdowns

BFOC vs. OBTC - Drawdown Comparison

The maximum BFOC drawdown since its inception was -18.41%, smaller than the maximum OBTC drawdown of -94.50%. Use the drawdown chart below to compare losses from any high point for BFOC and OBTC.

Drawdown Indicators

	BFOC	OBTC	Difference
Max Drawdown Largest peak-to-trough decline	-18.41%	-94.50%	+76.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.62%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-49.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-83.76%	—
Current Drawdown Current decline from peak	-17.69%	-63.37%	+45.68%
Average Drawdown Average peak-to-trough decline	-13.54%	-69.41%	+55.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	31.21%	—

Volatility

Volatility by Period

	BFOC	OBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.66%	44.92%	-33.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.66%	56.36%	-44.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.66%	76.18%	-64.52%

BFOC vs. OBTC - Expense Ratio Comparison

BFOC has a 0.90% expense ratio, which is higher than OBTC's 0.49% expense ratio.

Dividends

BFOC vs. OBTC - Dividend Comparison

Neither BFOC nor OBTC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BFOC and OBTC in my portfolio?

BFOC and OBTC have a correlation of 0.84, 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 OBTC?

On fees, OBTC is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BFOC or OBTC?

OBTC is cheaper with a 0.49% expense ratio, compared with 0.90% for BFOC.

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

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

What is the main difference between BFOC and OBTC?

BFOC is categorized as Defined Outcome, while OBTC is Cryptocurrency. They also come from different issuers: First Trust and Osprey. Their fees differ too: 0.90% for BFOC and 0.49% for OBTC.