BTCC vs. BFJL
BTCC (Grayscale Bitcoin Covered Call ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BTCC is a Cryptocurrency fund actively managed by Grayscale, while BFJL is a Defined Outcome fund tracking the iShares Bitcoin Trust ETF (IBIT). BTCC is actively managed, while BFJL is passively managed. Over the past year, BTCC returned -35.68% vs -14.28% for BFJL. Their correlation of 0.82 means they have usually moved in the same direction. BTCC charges 0.66%/yr vs 0.90%/yr for BFJL.
Performance
BTCC vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, BTCC achieves a -20.22% return, which is significantly lower than BFJL's -4.52% return.
BTCC
- 1D
- -0.34%
- 1M
- 5.11%
- 6M
- -11.21%
- YTD
- -20.22%
- 1Y
- -35.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -19.41%
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 | |
| $242.21K | $239.26K | $255.92K |
BTCC vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTCC Grayscale Bitcoin Covered Call ETF | -20.22% | -18.22% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -4.52% | -7.43% |
Correlation
The correlation between BTCC and BFJL is 0.83, 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. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.82 |
The correlation between BTCC and BFJL has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.
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Return for Risk
BTCC vs. BFJL — Risk / Return Rank
BTCC
BFJL
BTCC vs. BFJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Covered Call ETF (BTCC) 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.
| BTCC | BFJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.82 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.67 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.27 | -0.91 | -0.36 |
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Drawdowns
BTCC vs. BFJL - Drawdown Comparison
The maximum BTCC drawdown since its inception was -44.40%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BTCC and BFJL.
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Drawdown Indicators
| BTCC | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.40% | -21.27% | -23.13% |
Max Drawdown (1Y)Largest decline over 1 year | -44.40% | -21.27% | -23.13% |
Current DrawdownCurrent decline from peak | -38.98% | -18.51% | -20.47% |
Average DrawdownAverage peak-to-trough decline | -18.58% | -12.92% | -5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.12% | 15.79% | +12.33% |
Volatility
BTCC vs. BFJL - Volatility Comparison
Grayscale Bitcoin Covered Call ETF (BTCC) has a higher volatility of 5.09% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.56%. This indicates that BTCC'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
| BTCC | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 3.56% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 27.56% | 5.58% | +21.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.35% | 13.21% | +21.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.30% | 13.16% | +18.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.30% | 13.16% | +18.14% |
BTCC vs. BFJL - Expense Ratio Comparison
BTCC has a 0.66% expense ratio, which is lower than BFJL's 0.90% expense ratio.
Dividends
BTCC vs. BFJL - Dividend Comparison
BTCC's dividend yield for the trailing twelve months is around 90.87%, more than BFJL's 1.41% yield.
| Position | TTM | 2025 |
|---|---|---|
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.41% | 1.35% |
BTCC Grayscale Bitcoin Covered Call ETF | 90.87% | 63.86% |
Frequently Asked Questions
BTCC and BFJL have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCC has higher volatility (5.09%) compared to BFJL (3.56%). In terms of maximum drawdown, BTCC dropped -44.40% vs BFJL's -21.27%.
On 1-year performance, BFJL leads with -14.28% vs -35.68% for BTCC. On fees, BTCC is cheaper at 0.66% 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 -35.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTCC is cheaper with a 0.66% expense ratio, compared with 0.90% for BFJL.
BTCC has the higher dividend yield at 90.87%, compared with 1.41% for BFJL.
BTCC is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: Grayscale and First Trust. Their fees differ too: 0.66% for BTCC and 0.90% for BFJL.
BTCC currently has the higher Sharpe Ratio (-1.04 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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