BITS vs. BFJL
BITS (Global X Blockchain & Bitcoin Strategy ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BITS is a Cryptocurrency fund tracking the NONE, while BFJL is a Defined Outcome fund tracking the iShares Bitcoin Trust ETF (IBIT). Both are passively managed. Over the past year, BITS returned -9.04% vs -14.80% for BFJL. Their 0.74 correlation means they have sometimes moved together and sometimes differently. BITS charges 0.65%/yr vs 0.90%/yr for BFJL.
Performance
BITS vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, BITS achieves a -11.24% return, which is significantly lower than BFJL's -5.11% return.
BITS
- 1D
- -3.36%
- 1M
- -0.63%
- 6M
- -14.68%
- YTD
- -11.24%
- 1Y
- -9.04%
- 3Y*
- 31.46%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.25%
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 | |
| $89.94K | $81.82K | $170.18K |
BITS vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | -11.24% | 5.81% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -5.11% | -7.43% |
Correlation
The correlation between BITS and BFJL is 0.75, 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. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.74 |
The correlation between BITS and BFJL has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.
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Return for Risk
BITS vs. BFJL — Risk / Return Rank
BITS
BFJL
BITS vs. BFJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) 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.
| BITS | BFJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.81 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | -0.74 | +0.44 |
| Martin ratioReturn relative to average drawdown | -0.49 | -1.00 | +0.50 |
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Drawdowns
BITS vs. BFJL - Drawdown Comparison
The maximum BITS drawdown since its inception was -83.11%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BITS and BFJL.
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Drawdown Indicators
| BITS | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.11% | -21.27% | -61.84% |
Max Drawdown (1Y)Largest decline over 1 year | -48.38% | -21.27% | -27.11% |
Max Drawdown (3Y)Largest decline over 3 years | -48.38% | — | — |
Current DrawdownCurrent decline from peak | -41.56% | -19.01% | -22.55% |
Average DrawdownAverage peak-to-trough decline | -42.56% | -12.90% | -29.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.76% | 15.74% | +14.02% |
Volatility
BITS vs. BFJL - Volatility Comparison
Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 14.95% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.65%. This indicates that BITS'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
| BITS | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.95% | 3.65% | +11.30% |
Volatility (6M)Calculated over the trailing 6-month period | 40.75% | 5.54% | +35.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.36% | 13.20% | +41.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.62% | 13.17% | +47.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.62% | 13.17% | +47.45% |
BITS vs. BFJL - Expense Ratio Comparison
BITS has a 0.65% expense ratio, which is lower than BFJL's 0.90% expense ratio.
Dividends
BITS vs. BFJL - Dividend Comparison
BITS's dividend yield for the trailing twelve months is around 25.64%, more than BFJL's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.42% | 1.35% | 0.00% | 0.00% | 0.00% | 0.00% |
BITS Global X Blockchain & Bitcoin Strategy ETF | 25.64% | 22.80% | 29.49% | 13.69% | 0.48% | 1.90% |
Frequently Asked Questions
BITS and BFJL have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITS has higher volatility (14.95%) compared to BFJL (3.65%). In terms of maximum drawdown, BITS dropped -83.11% vs BFJL's -21.27%.
On 1-year performance, BITS leads with -9.04% vs -14.80% for BFJL. On fees, BITS is cheaper at 0.65% 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, BITS has performed better with a -9.04% return vs -14.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BITS is cheaper with a 0.65% expense ratio, compared with 0.90% for BFJL.
BITS has the higher dividend yield at 25.64%, compared with 1.42% for BFJL.
BITS is categorized as Cryptocurrency, while BFJL is Defined Outcome. BITS tracks NONE, while BFJL tracks iShares Bitcoin Trust ETF (IBIT). They also come from different issuers: Global X and First Trust. Their fees differ too: 0.65% for BITS and 0.90% for BFJL.
BITS currently has the higher Sharpe Ratio (-0.27 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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