BPI vs. LQTI
BPI (Grayscale Bitcoin Premium Income ETF) and LQTI (FT Vest Investment Grade & Target Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.65% expense ratio.
Performance
BPI vs. LQTI - Performance Comparison
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Returns By Period
BPI
- 1D
- 1.02%
- 1M
- -17.13%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQTI
- 1D
- 0.36%
- 1M
- 0.85%
- YTD
- 1.05%
- 6M
- 1.10%
- 1Y
- 4.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BPI vs. LQTI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BPI Grayscale Bitcoin Premium Income ETF | -19.78% |
LQTI FT Vest Investment Grade & Target Income ETF | 1.39% |
Correlation
The correlation between BPI and LQTI is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 30, 2026 | -0.01 |
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Return for Risk
BPI vs. LQTI — Risk / Return Rank
BPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LQTI
BPI vs. LQTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Premium Income ETF (BPI) and FT Vest Investment Grade & Target Income ETF (LQTI). 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.
| BPI | LQTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.44 | — |
| Martin ratioReturn relative to average drawdown | — | 4.26 | — |
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Drawdowns
BPI vs. LQTI - Drawdown Comparison
The maximum BPI drawdown since its inception was -26.45%, which is greater than LQTI's maximum drawdown of -3.41%. Use the drawdown chart below to compare losses from any high point for BPI and LQTI.
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Drawdown Indicators
| BPI | LQTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.45% | -3.41% | -23.04% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.41% | — |
Current DrawdownCurrent decline from peak | -25.06% | -0.57% | -24.49% |
Average DrawdownAverage peak-to-trough decline | -12.33% | -0.89% | -11.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.15% | — |
Volatility
BPI vs. LQTI - Volatility Comparison
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Volatility by Period
| BPI | LQTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 37.13% | 5.11% | +32.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.13% | 5.92% | +31.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.13% | 5.92% | +31.21% |
BPI vs. LQTI - Expense Ratio Comparison
Both BPI and LQTI have an expense ratio of 0.65%.
Dividends
BPI vs. LQTI - Dividend Comparison
BPI's dividend yield for the trailing twelve months is around 3.52%, less than LQTI's 9.03% yield.
| Position | TTM | 2025 |
|---|---|---|
BPI Grayscale Bitcoin Premium Income ETF | 3.52% | 0.00% |
LQTI FT Vest Investment Grade & Target Income ETF | 9.03% | 7.01% |
Frequently Asked Questions
BPI and LQTI have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BPI and LQTI have the same expense ratio: 0.65% per year.
LQTI has the higher dividend yield at 9.03%, compared with 3.52% for BPI.
They also come from different issuers: Grayscale and FT Vest.
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