BITC vs. BFJL
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 tracking the iShares Bitcoin Trust ETF (IBIT). BITC is actively managed, while BFJL is passively managed. Over the past year, BITC returned -24.54% vs -14.80% for BFJL. Their 0.60 correlation means they have sometimes moved together and sometimes differently. BITC charges 0.88%/yr vs 0.90%/yr for BFJL.
Performance
BITC vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, BITC achieves a -1.76% return, which is significantly higher than BFJL's -5.11% return.
BITC
- 1D
- -2.97%
- 1M
- -1.31%
- 6M
- -1.00%
- YTD
- -1.76%
- 1Y
- -24.54%
- 3Y*
- 29.84%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.54%
BFJL
- 1D
- -1.29%
- 1M
- 1.35%
- 6M
- -3.14%
- YTD
- -5.11%
- 1Y
- -14.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.56K | $8.09K | $4.95K | |
| $51.18K | $64.98K | $91.15K |
BITC vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | -1.76% | -16.98% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -5.11% | -7.43% |
Correlation
The correlation between BITC and BFJL is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.60 |
The correlation between BITC and BFJL has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
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Return for Risk
BITC vs. BFJL — Risk / Return Rank
BITC
BFJL
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 ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.81 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.74 | -0.15 |
| Martin ratioReturn relative to average drawdown | -1.19 | -1.00 | -0.19 |
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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.
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Drawdown Indicators
| BITC | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -32.48% | -19.01% | -13.47% |
Average DrawdownAverage peak-to-trough decline | -16.98% | -12.90% | -4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.72% | 15.74% | +4.98% |
Volatility
BITC vs. BFJL - Volatility Comparison
Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) has a higher volatility of 8.07% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.65%. 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.
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Volatility by Period
| BITC | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.07% | 3.65% | +4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 18.32% | 5.54% | +12.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.11% | 13.20% | +11.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.81% | 13.17% | +32.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.81% | 13.17% | +32.64% |
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 3.42%, more than BFJL's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.42% | 1.35% | 0.00% | 0.00% |
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 3.42% | 3.36% | 42.68% | 5.82% |
Frequently Asked Questions
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.
BITC has higher volatility (8.07%) compared to BFJL (3.65%). In terms of maximum drawdown, BITC dropped -38.51% vs BFJL's -21.27%.
On 1-year performance, BFJL leads with -14.80% vs -24.54% for BITC. On fees, BITC is cheaper at 0.88% per year. On volatility, BFJL has been the lower-risk option at 3.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BFJL has performed better with a -14.80% return vs -24.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BITC is cheaper with a 0.88% expense ratio, compared with 0.90% for BFJL.
BITC has the higher dividend yield at 3.42%, compared with 1.42% for 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.
BITC currently has the higher Sharpe Ratio (-0.98 vs -1.19), 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.
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