BITX vs. BFJL
BITX (2x Bitcoin Strategy ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BITX is a Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%), while BFJL is a Defined Outcome fund tracking the iShares Bitcoin Trust ETF (IBIT). Both are passively managed. Over the past year, BITX returned -77.31% vs -14.28% for BFJL. Their correlation of 0.89 means they have usually moved in the same direction. BITX charges 2.38%/yr vs 0.90%/yr for BFJL.
Performance
BITX vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, BITX achieves a -56.44% return, which is significantly lower than BFJL's -4.52% return.
BITX
- 1D
- 2.83%
- 1M
- 6.13%
- 6M
- -43.47%
- YTD
- -56.44%
- 1Y
- -77.31%
- 3Y*
- 6.79%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.89%
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 | |
| $88.24M | $96.85M | $117.71M |
BITX vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITX 2x Bitcoin Strategy ETF | -56.44% | -43.98% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -4.52% | -7.43% |
Correlation
The correlation between BITX 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 BITX 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
BITX vs. BFJL — Risk / Return Rank
BITX
BFJL
BITX vs. BFJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 2x Bitcoin Strategy ETF (BITX) 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.
| BITX | BFJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.82 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.67 | -0.25 |
| Martin ratioReturn relative to average drawdown | -1.30 | -0.91 | -0.39 |
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Drawdowns
BITX vs. BFJL - Drawdown Comparison
The maximum BITX 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 BITX and BFJL.
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Drawdown Indicators
| BITX | 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% |
Max Drawdown (3Y)Largest decline over 3 years | -83.45% | — | — |
Current DrawdownCurrent decline from peak | -80.75% | -18.51% | -62.24% |
Average DrawdownAverage peak-to-trough decline | -34.25% | -12.92% | -21.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.65% | 15.79% | +43.86% |
Volatility
BITX vs. BFJL - Volatility Comparison
2x Bitcoin Strategy ETF (BITX) has a higher volatility of 17.57% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.56%. This indicates that BITX'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
| BITX | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.57% | 3.56% | +14.01% |
Volatility (6M)Calculated over the trailing 6-month period | 67.80% | 5.58% | +62.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.21% | 13.21% | +75.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.14% | 13.16% | +83.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.14% | 13.16% | +83.98% |
BITX vs. BFJL - Expense Ratio Comparison
BITX has a 2.38% expense ratio, which is higher than BFJL's 0.90% expense ratio.
Dividends
BITX vs. BFJL - Dividend Comparison
BITX's dividend yield for the trailing twelve months is around 27.12%, 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% |
BITX 2x Bitcoin Strategy ETF | 27.12% | 21.69% | 10.70% |
Frequently Asked Questions
BITX 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.
BITX has higher volatility (17.57%) compared to BFJL (3.56%). In terms of maximum drawdown, BITX dropped -83.45% vs BFJL's -21.27%.
On 1-year performance, BFJL leads with -14.28% vs -77.31% for BITX. 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 -77.31%. 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 2.38% for BITX.
BITX has the higher dividend yield at 27.12%, compared with 1.41% for BFJL.
BITX is categorized as Cryptocurrency, while BFJL is Defined Outcome. BITX tracks S&P CME Bitcoin Futures Daily Roll Index (200%), while BFJL tracks iShares Bitcoin Trust ETF (IBIT). They also come from different issuers: Volatility Shares and First Trust. Their fees differ too: 2.38% for BITX and 0.90% for BFJL.
BITX currently has the higher Sharpe Ratio (-0.88 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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