BHYP vs. BFJL

Last updated Jul 1, 2026

BHYP (Bitwise Hyperliquid ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BHYP is a Cryptocurrency fund actively managed by Bitwise, while BFJL is a Defined Outcome fund managed by First Trust. At a 0.22 correlation, their price movements are largely independent.

Performance

BHYP vs. BFJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Hyperliquid ETF (BHYP) and FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BHYP

• 1D: -2.62%
• 1M: -1.24%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFJL

• 1D: 0.00%
• 1M: 0.12%
• YTD: -7.53%
• 6M: -7.67%
• 1Y: -14.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BHYP vs. BFJL - Yearly Performance Comparison

	2026 (YTD)
BHYP Bitwise Hyperliquid ETF	51.42%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-1.03%

Correlation

The correlation between BHYP and BFJL is 0.22, 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 May 15, 2026	0.22

Return for Risk

BHYP vs. BFJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Hyperliquid ETF (BHYP) and FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL). 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.

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

Drawdowns

BHYP vs. BFJL - Drawdown Comparison

The maximum BHYP drawdown since its inception was -27.22%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BHYP and BFJL.

Drawdown Indicators

	BHYP	BFJL	Difference
Max Drawdown Largest peak-to-trough decline	-27.22%	-21.27%	-5.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.27%	—
Current Drawdown Current decline from peak	-11.33%	-21.08%	+9.75%
Average Drawdown Average peak-to-trough decline	-8.09%	-12.38%	+4.29%

Volatility

Volatility by Period

	BHYP	BFJL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	105.30%	13.23%	+92.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.30%	13.23%	+92.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	105.30%	13.23%	+92.07%

Dividends

BHYP vs. BFJL - Dividend Comparison

BHYP has not paid dividends to shareholders, while BFJL's dividend yield for the trailing twelve months is around 1.46%.

Position	TTM	2025
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.46%	1.35%
BHYP Bitwise Hyperliquid ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BHYP and BFJL in my portfolio?

BHYP and BFJL have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

BFJL has the higher dividend yield at 1.46%, compared with 0.00% for BHYP.

What is the main difference between BHYP and BFJL?

BHYP is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: Bitwise and First Trust.