BITC vs. BFJL

Last updated Jul 14, 2026

BITC (Bitwise Bitcoin Strategy Optimum Roll ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BITC is a Cryptocurrency fund actively managed by Bitwise, while BFJL is a Defined Outcome fund managed by First Trust. Over the past year, BITC returned -26.25% vs -16.83% for BFJL. A 0.57 correlation means they provide meaningful diversification when combined. BITC charges 0.88%/yr vs 0.90%/yr for BFJL.

Performance

BITC vs. BFJL - Performance Comparison

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

Returns By Period

In the year-to-date period, BITC achieves a -2.70% return, which is significantly higher than BFJL's -5.93% return.

BITC

• 1D: -2.63%
• 1M: -9.11%
• 6M: -4.20%
• YTD: -2.70%
• 1Y: -26.25%
• 3Y*: 27.90%
• 5Y*: —
• 10Y*: —

BFJL

• 1D: -1.13%
• 1M: 1.85%
• 6M: -7.31%
• YTD: -5.93%
• 1Y: -16.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BITC vs. BFJL - Yearly Performance Comparison

	2026 (YTD)	2025
BITC Bitwise Bitcoin Strategy Optimum Roll ETF	-2.70%	-16.98%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-5.93%	-7.43%

Correlation

The correlation between BITC and BFJL is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.57

The correlation between BITC and BFJL has been stable across timeframes, ranging from 0.55 to 0.57 - a consistent structural relationship.

Return for Risk

BITC vs. BFJL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITC

BITC Risk / Return Rank: 1
BITC Sharpe Ratio Rank: 1
BITC Sortino Ratio Rank: 2
BITC Omega Ratio Rank: 1
BITC Calmar Ratio Rank: 1
BITC Martin Ratio Rank: 2

BFJL

BFJL Risk / Return Rank: 2
BFJL Sharpe Ratio Rank: 0
BFJL Sortino Ratio Rank: 1
BFJL Omega Ratio Rank: 1
BFJL Calmar Ratio Rank: 3
BFJL Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITC vs. BFJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) 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.

	BITC	BFJL	Difference
Sharpe ratio: Return per unit of total volatility	-1.06	-1.28	+0.22
Sortino ratio: Return per unit of downside risk	-1.46	-1.73	+0.28
Omega ratio: Gain probability vs. loss probability	0.78	0.79	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.94	-0.79	-0.15
Martin ratio: Return relative to average drawdown	-1.32	-1.11	-0.21

BITC vs. BFJL - Sharpe Ratio Comparison

The current BITC Sharpe Ratio is -1.06, which is comparable to the BFJL Sharpe Ratio of -1.28. The chart below compares the historical Sharpe Ratios of BITC and BFJL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BITC vs. BFJL - Drawdown Comparison

The maximum BITC drawdown since its inception was -38.51%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BITC and BFJL.

Drawdown Indicators

	BITC	BFJL	Difference
Max Drawdown Largest peak-to-trough decline	-38.51%	-21.27%	-17.24%
Max Drawdown (1Y) Largest decline over 1 year	-27.89%	-21.27%	-6.62%
Max Drawdown (3Y) Largest decline over 3 years	-38.51%	—	—
Current Drawdown Current decline from peak	-33.13%	-19.71%	-13.42%
Average Drawdown Average peak-to-trough decline	-16.75%	-12.61%	-4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.87%	15.15%	+4.72%

Volatility

BITC vs. BFJL - Volatility Comparison

Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) has a higher volatility of 6.65% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 2.36%. This indicates that BITC's price experiences larger fluctuations and is considered to be riskier than BFJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITC	BFJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	2.36%	+4.29%
Volatility (6M) Calculated over the trailing 6-month period	19.15%	6.78%	+12.37%
Volatility (1Y) Calculated over the trailing 1-year period	24.83%	13.18%	+11.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.05%	13.24%	+32.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.05%	13.24%	+32.81%

BITC vs. BFJL - Expense Ratio Comparison

BITC has a 0.88% expense ratio, which is lower than BFJL's 0.90% expense ratio.

Dividends

BITC vs. BFJL - Dividend Comparison

BITC's dividend yield for the trailing twelve months is around 3.46%, more than BFJL's 1.43% yield.

Position	TTM	2025	2024	2023
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.43%	1.35%	0.00%	0.00%
BITC Bitwise Bitcoin Strategy Optimum Roll ETF	3.46%	3.36%	42.68%	5.82%

Frequently Asked Questions

Can I hold both BITC and BFJL in my portfolio?

BITC and BFJL have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITC or BFJL?

BITC has higher volatility (6.65%) compared to BFJL (2.36%). In terms of maximum drawdown, BITC dropped -38.51% vs BFJL's -21.27%.

Which ETF is better, BITC or BFJL?

On 1-year performance, BFJL leads with -16.83% vs -26.25% for BITC. On fees, BITC is cheaper at 0.88% per year. On volatility, BFJL has been the lower-risk option at 2.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITC or BFJL?

Over the 1-year period, BFJL has performed better with a -16.83% return vs -26.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITC or BFJL?

BITC is cheaper with a 0.88% expense ratio, compared with 0.90% for BFJL.

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

BITC has the higher dividend yield at 3.46%, compared with 1.43% for BFJL.

What is the main difference between BITC and BFJL?

BITC is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: Bitwise and First Trust. Their fees differ too: 0.88% for BITC and 0.90% for BFJL.

Which has better risk-adjusted returns?

BITC currently has the higher Sharpe Ratio (-1.06 vs -1.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.