BTC vs. BFJL
BTC (Grayscale Bitcoin Mini Trust ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BTC is a Cryptocurrency fund actively managed by Grayscale, while BFJL is a Defined Outcome fund tracking the iShares Bitcoin Trust ETF (IBIT). BTC is actively managed, while BFJL is passively managed. Over the past year, BTC returned -43.60% vs -14.28% for BFJL. Their correlation of 0.89 means they have usually moved in the same direction. BTC charges 0.15%/yr vs 0.90%/yr for BFJL.
Performance
BTC vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, BTC achieves a -27.11% return, which is significantly lower than BFJL's -4.52% return.
BTC
- 1D
- 1.51%
- 1M
- 3.86%
- 6M
- -18.15%
- YTD
- -27.11%
- 1Y
- -43.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.17%
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 | |
| $40.45M | $40.65M | $54.59M |
BTC vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTC Grayscale Bitcoin Mini Trust ETF | -27.11% | -18.89% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -4.52% | -7.43% |
Correlation
The correlation between BTC 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 BTC 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
BTC vs. BFJL — Risk / Return Rank
BTC
BFJL
BTC vs. BFJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Mini Trust ETF (BTC) 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.
| BTC | BFJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.82 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.67 | -0.15 |
| Martin ratioReturn relative to average drawdown | -1.26 | -0.91 | -0.35 |
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Drawdowns
BTC vs. BFJL - Drawdown Comparison
The maximum BTC drawdown since its inception was -53.30%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BTC and BFJL.
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Drawdown Indicators
| BTC | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -21.27% | -32.03% |
Max Drawdown (1Y)Largest decline over 1 year | -53.30% | -21.27% | -32.03% |
Current DrawdownCurrent decline from peak | -49.20% | -18.51% | -30.69% |
Average DrawdownAverage peak-to-trough decline | -19.45% | -12.92% | -6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.74% | 15.79% | +18.95% |
Volatility
BTC vs. BFJL - Volatility Comparison
Grayscale Bitcoin Mini Trust ETF (BTC) has a higher volatility of 8.87% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.56%. This indicates that BTC'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
| BTC | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.87% | 3.56% | +5.31% |
Volatility (6M)Calculated over the trailing 6-month period | 33.76% | 5.58% | +28.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.40% | 13.21% | +31.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.49% | 13.16% | +34.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.49% | 13.16% | +34.33% |
BTC vs. BFJL - Expense Ratio Comparison
BTC has a 0.15% expense ratio, which is lower than BFJL's 0.90% expense ratio.
Dividends
BTC vs. BFJL - Dividend Comparison
BTC has not paid dividends to shareholders, while BFJL's dividend yield for the trailing twelve months is around 1.41%.
| Position | TTM | 2025 |
|---|---|---|
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.41% | 1.35% |
BTC Grayscale Bitcoin Mini Trust ETF | 0.00% | 0.00% |
Frequently Asked Questions
BTC 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.
BTC has higher volatility (8.87%) compared to BFJL (3.56%). In terms of maximum drawdown, BTC dropped -53.30% vs BFJL's -21.27%.
On 1-year performance, BFJL leads with -14.28% vs -43.60% for BTC. On fees, BTC is cheaper at 0.15% 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 -43.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTC is cheaper with a 0.15% expense ratio, compared with 0.90% for BFJL.
BFJL has the higher dividend yield at 1.41%, compared with 0.00% for BTC.
BTC is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: Grayscale and First Trust. Their fees differ too: 0.15% for BTC and 0.90% for BFJL.
BTC currently has the higher Sharpe Ratio (-0.99 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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