BITU vs. BFJL
BITU (Proshares Ultra Bitcoin ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross, while BFJL is a Defined Outcome fund tracking the iShares Bitcoin Trust ETF (IBIT). Both are passively managed. Over the past year, BITU returned -77.91% vs -14.28% for BFJL. Their correlation of 0.89 means they have usually moved in the same direction. BITU charges 0.95%/yr vs 0.90%/yr for BFJL.
Performance
BITU vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, BITU achieves a -56.85% return, which is significantly lower than BFJL's -4.52% return.
BITU
- 1D
- 1.18%
- 1M
- 7.02%
- 6M
- -41.26%
- YTD
- -56.85%
- 1Y
- -77.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -33.51%
BFJL
- 1D
- 0.62%
- 1M
- 1.98%
- 6M
- -0.32%
- YTD
- -4.52%
- 1Y
- -14.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.60K | $8.34K | $5.01K | |
| $36.32M | $38.70M | $45.83M |
BITU vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITU Proshares Ultra Bitcoin ETF | -56.85% | -43.10% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -4.52% | -7.43% |
Correlation
The correlation between BITU and BFJL is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.89 |
The correlation between BITU and BFJL has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.
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Return for Risk
BITU vs. BFJL — Risk / Return Rank
BITU
BFJL
BITU vs. BFJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) 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.
| BITU | BFJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.82 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.67 | -0.26 |
| Martin ratioReturn relative to average drawdown | -1.30 | -0.91 | -0.40 |
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Drawdowns
BITU vs. BFJL - Drawdown Comparison
The maximum BITU drawdown since its inception was -83.45%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BITU and BFJL.
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Drawdown Indicators
| BITU | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.45% | -21.27% | -62.18% |
Max Drawdown (1Y)Largest decline over 1 year | -83.45% | -21.27% | -62.18% |
Current DrawdownCurrent decline from peak | -80.70% | -18.51% | -62.19% |
Average DrawdownAverage peak-to-trough decline | -37.76% | -12.92% | -24.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.73% | 15.79% | +43.94% |
Volatility
BITU vs. BFJL - Volatility Comparison
Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 16.04% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.56%. This indicates that BITU'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
| BITU | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.04% | 3.56% | +12.48% |
Volatility (6M)Calculated over the trailing 6-month period | 66.33% | 5.58% | +60.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.24% | 13.21% | +75.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.93% | 13.16% | +82.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.93% | 13.16% | +82.77% |
BITU vs. BFJL - Expense Ratio Comparison
BITU has a 0.95% expense ratio, which is higher than BFJL's 0.90% expense ratio.
Dividends
BITU vs. BFJL - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 79.54%, more than BFJL's 1.41% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.41% | 1.35% | 0.00% |
BITU Proshares Ultra Bitcoin ETF | 79.54% | 50.23% | 0.12% |
Frequently Asked Questions
BITU and BFJL have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITU has higher volatility (16.04%) compared to BFJL (3.56%). In terms of maximum drawdown, BITU dropped -83.45% vs BFJL's -21.27%.
On 1-year performance, BFJL leads with -14.28% vs -77.91% for BITU. On fees, BFJL is cheaper at 0.90% per year. On volatility, BFJL has been the lower-risk option at 3.56%. 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 -14.28% return vs -77.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BFJL is cheaper with a 0.90% expense ratio, compared with 0.95% for BITU.
BITU has the higher dividend yield at 79.54%, compared with 1.41% for BFJL.
BITU is categorized as Cryptocurrency, while BFJL is Defined Outcome. BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross, while BFJL tracks iShares Bitcoin Trust ETF (IBIT). They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.95% for BITU and 0.90% for BFJL.
BITU currently has the higher Sharpe Ratio (-0.89 vs -1.09), 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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