BTC vs. DFII
BTC (Grayscale Bitcoin Mini Trust ETF) and DFII (FT Vest Bitcoin Strategy & Target Income ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, BTC returned -43.60% vs -42.25% for DFII. Their 0.99 correlation means they have historically moved very closely together. BTC charges 0.15%/yr vs 0.85%/yr for DFII.
Performance
BTC vs. DFII - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BTC having a -27.11% return and DFII slightly higher at -26.30%.
BTC
- 1D
- 1.51%
- 1M
- 3.86%
- 6M
- -18.15%
- YTD
- -27.11%
- 1Y
- -43.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.17%
DFII
- 1D
- 1.51%
- 1M
- 4.16%
- 6M
- -17.04%
- YTD
- -26.30%
- 1Y
- -42.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -16.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $40.45M | $40.65M | $54.59M | |
| $89.28K | $83.20K | $138.38K |
BTC vs. DFII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTC Grayscale Bitcoin Mini Trust ETF | -27.11% | 0.52% |
DFII FT Vest Bitcoin Strategy & Target Income ETF | -26.30% | 6.01% |
Correlation
The correlation between BTC and DFII is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025 | 0.99 |
The correlation between BTC and DFII has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
BTC vs. DFII — Risk / Return Rank
BTC
DFII
BTC vs. DFII - 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 & Target Income ETF (DFII). 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 | DFII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.83 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.83 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.27 | +0.02 |
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Drawdowns
BTC vs. DFII - Drawdown Comparison
The maximum BTC drawdown since its inception was -53.30%, roughly equal to the maximum DFII drawdown of -51.04%. Use the drawdown chart below to compare losses from any high point for BTC and DFII.
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Drawdown Indicators
| BTC | DFII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -51.04% | -2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -53.30% | -51.04% | -2.26% |
Current DrawdownCurrent decline from peak | -49.20% | -47.04% | -2.16% |
Average DrawdownAverage peak-to-trough decline | -19.45% | -22.48% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.74% | 33.20% | +1.54% |
Volatility
BTC vs. DFII - Volatility Comparison
Grayscale Bitcoin Mini Trust ETF (BTC) has a higher volatility of 8.87% compared to FT Vest Bitcoin Strategy & Target Income ETF (DFII) at 8.02%. This indicates that BTC's price experiences larger fluctuations and is considered to be riskier than DFII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTC | DFII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.87% | 8.02% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 33.76% | 32.51% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.40% | 42.22% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.49% | 40.31% | +7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.49% | 40.31% | +7.18% |
BTC vs. DFII - Expense Ratio Comparison
BTC has a 0.15% expense ratio, which is lower than DFII's 0.85% expense ratio.
Dividends
BTC vs. DFII - Dividend Comparison
BTC has not paid dividends to shareholders, while DFII's dividend yield for the trailing twelve months is around 25.88%.
| Position | TTM | 2025 |
|---|---|---|
BTC Grayscale Bitcoin Mini Trust ETF | 0.00% | 0.00% |
DFII FT Vest Bitcoin Strategy & Target Income ETF | 25.88% | 15.51% |
Frequently Asked Questions
With a correlation of 1.00, BTC and DFII move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BTC has higher volatility (8.87%) compared to DFII (8.02%). In terms of maximum drawdown, BTC dropped -53.30% vs DFII's -51.04%.
On 1-year performance, DFII leads with -42.25% vs -43.60% for BTC. On fees, BTC is cheaper at 0.15% per year. On volatility, DFII has been the lower-risk option at 8.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DFII has performed better with a -42.25% 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 0.85% for DFII.
DFII has the higher dividend yield at 25.88%, compared with 0.00% for BTC.
They also come from different issuers: Grayscale and First Trust. Their fees differ too: 0.15% for BTC and 0.85% for DFII.
BTC currently has the higher Sharpe Ratio (-0.99 vs -1.01), 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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