BRRR vs. BFOC

Last updated Aug 2, 2026

BRRR (CoinShares Bitcoin ETF) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - BRRR is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while BFOC is a Defined Outcome fund actively managed by First Trust. BRRR is passively managed, while BFOC is actively managed. Their correlation of 0.86 means they have usually moved in the same direction. BRRR charges 0.25%/yr vs 0.90%/yr for BFOC.

Performance

BRRR vs. BFOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CoinShares Bitcoin ETF (BRRR) and FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRRR achieves a -28.35% return, which is significantly lower than BFOC's -7.46% return.

BRRR

• 1D: -2.90%
• 1M: 2.25%
• 6M: -25.04%
• YTD: -28.35%
• 1Y: -44.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.37%

BFOC

• 1D: -1.01%
• 1M: -0.60%
• 6M: -6.08%
• YTD: -7.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	$37.88K	$50.79K	$63.29K
BRRR CoinShares Bitcoin ETF	$1.03M	$1.49M	$3.69M

BRRR vs. BFOC - Yearly Performance Comparison

	2026 (YTD)	2025
BRRR CoinShares Bitcoin ETF	-28.35%	-23.51%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-7.46%	-9.75%

Correlation

The correlation between BRRR and BFOC is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.86

Return for Risk

BRRR vs. BFOC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BRRR

BRRR Risk / Return Rank: 1
BRRR Sharpe Ratio Rank: 1
BRRR Sortino Ratio Rank: 1
BRRR Omega Ratio Rank: 2
BRRR Calmar Ratio Rank: 2
BRRR Martin Ratio Rank: 2

BFOC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BRRR vs. BFOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoinShares Bitcoin ETF (BRRR) and FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC). 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.

	BRRR	BFOC	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	—	—
Sortino ratio: Return per unit of downside risk	-1.59	—	—
Omega ratio: Gain probability vs. loss probability	0.83	—	—
Calmar ratio: Return relative to maximum drawdown	-0.87	—	—
Martin ratio: Return relative to average drawdown	-1.34	—	—

Drawdowns

BRRR vs. BFOC - Drawdown Comparison

The maximum BRRR drawdown since its inception was -53.33%, which is greater than BFOC's maximum drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for BRRR and BFOC.

Drawdown Indicators

	BRRR	BFOC	Difference
Max Drawdown Largest peak-to-trough decline	-53.33%	-18.41%	-34.92%
Max Drawdown (1Y) Largest decline over 1 year	-53.33%	—	—
Current Drawdown Current decline from peak	-50.03%	-18.26%	-31.77%
Average Drawdown Average peak-to-trough decline	-18.26%	-13.50%	-4.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.63%	—	—

Volatility

Volatility by Period

	BRRR	BFOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	44.35%	11.68%	+32.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.36%	11.68%	+37.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.36%	11.68%	+37.68%

BRRR vs. BFOC - Expense Ratio Comparison

BRRR has a 0.25% expense ratio, which is lower than BFOC's 0.90% expense ratio.

Dividends

BRRR vs. BFOC - Dividend Comparison

Neither BRRR nor BFOC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BRRR and BFOC in my portfolio?

BRRR and BFOC have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BRRR or BFOC?

On fees, BRRR is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRRR or BFOC?

BRRR is cheaper with a 0.25% expense ratio, compared with 0.90% for BFOC.

Which ETF pays a higher dividend yield, BRRR or BFOC?

BRRR and BFOC have nearly identical dividend yields, around 0.00%.

What is the main difference between BRRR and BFOC?

BRRR is categorized as Cryptocurrency, while BFOC is Defined Outcome. They also come from different issuers: CoinShares and First Trust. Their fees differ too: 0.25% for BRRR and 0.90% for BFOC.