BTCI vs. BFJL

Last updated Jul 14, 2026

BTCI (NEOS Bitcoin High Income ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BTCI is a Cryptocurrency fund actively managed by Neos, while BFJL is a Defined Outcome fund managed by First Trust. Over the past year, BTCI returned -42.24% vs -16.83% for BFJL. Their correlation of 0.88 suggests significant overlap in exposure. BTCI charges 0.99%/yr vs 0.90%/yr for BFJL.

Performance

BTCI vs. BFJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Bitcoin High Income ETF (BTCI) and FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTCI achieves a -26.61% return, which is significantly lower than BFJL's -5.93% return.

BTCI

• 1D: -2.06%
• 1M: -2.74%
• 6M: -29.51%
• YTD: -26.61%
• 1Y: -42.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFJL

• 1D: -1.13%
• 1M: 1.85%
• 6M: -7.31%
• YTD: -5.93%
• 1Y: -16.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTCI vs. BFJL - Yearly Performance Comparison

	2026 (YTD)	2025
BTCI NEOS Bitcoin High Income ETF	-26.61%	-15.48%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-5.93%	-7.43%

Correlation

The correlation between BTCI and BFJL is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.88

The correlation between BTCI and BFJL has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.

Return for Risk

BTCI vs. BFJL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTCI

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

BFJL

BFJL Risk / Return Rank: 2
BFJL Sharpe Ratio Rank: 0
BFJL Sortino Ratio Rank: 1
BFJL Omega Ratio Rank: 1
BFJL Calmar Ratio Rank: 3
BFJL Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTCI vs. BFJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) 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.

	BTCI	BFJL	Difference
Sharpe ratio: Return per unit of total volatility	-1.06	-1.28	+0.22
Sortino ratio: Return per unit of downside risk	-1.56	-1.73	+0.17
Omega ratio: Gain probability vs. loss probability	0.82	0.79	+0.03
Calmar ratio: Return relative to maximum drawdown	-0.87	-0.79	-0.08
Martin ratio: Return relative to average drawdown	-1.46	-1.11	-0.35

BTCI vs. BFJL - Sharpe Ratio Comparison

The current BTCI Sharpe Ratio is -1.06, which is comparable to the BFJL Sharpe Ratio of -1.28. The chart below compares the historical Sharpe Ratios of BTCI and BFJL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BTCI vs. BFJL - Drawdown Comparison

The maximum BTCI drawdown since its inception was -48.42%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BTCI and BFJL.

Drawdown Indicators

	BTCI	BFJL	Difference
Max Drawdown Largest peak-to-trough decline	-48.42%	-21.27%	-27.15%
Max Drawdown (1Y) Largest decline over 1 year	-48.42%	-21.27%	-27.15%
Current Drawdown Current decline from peak	-45.73%	-19.71%	-26.02%
Average Drawdown Average peak-to-trough decline	-16.97%	-12.61%	-4.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.99%	15.15%	+13.84%

Volatility

BTCI vs. BFJL - Volatility Comparison

NEOS Bitcoin High Income ETF (BTCI) has a higher volatility of 10.63% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 2.36%. This indicates that BTCI'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.

Volatility by Period

	BTCI	BFJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.63%	2.36%	+8.27%
Volatility (6M) Calculated over the trailing 6-month period	31.57%	6.78%	+24.79%
Volatility (1Y) Calculated over the trailing 1-year period	39.92%	13.18%	+26.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.10%	13.24%	+26.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.10%	13.24%	+26.86%

BTCI vs. BFJL - Expense Ratio Comparison

BTCI has a 0.99% expense ratio, which is higher than BFJL's 0.90% expense ratio.

Dividends

BTCI vs. BFJL - Dividend Comparison

BTCI's dividend yield for the trailing twelve months is around 43.77%, more than BFJL's 1.43% yield.

Position	TTM	2025	2024
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.43%	1.35%	0.00%
BTCI NEOS Bitcoin High Income ETF	43.77%	36.46%	6.76%

Frequently Asked Questions

Can I hold both BTCI and BFJL in my portfolio?

BTCI and BFJL have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTCI or BFJL?

BTCI has higher volatility (10.63%) compared to BFJL (2.36%). In terms of maximum drawdown, BTCI dropped -48.42% vs BFJL's -21.27%.

Which ETF is better, BTCI or BFJL?

On 1-year performance, BFJL leads with -16.83% vs -42.24% for BTCI. On fees, BFJL is cheaper at 0.90% per year. On volatility, BFJL has been the lower-risk option at 2.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTCI or BFJL?

Over the 1-year period, BFJL has performed better with a -16.83% return vs -42.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTCI or BFJL?

BFJL is cheaper with a 0.90% expense ratio, compared with 0.99% for BTCI.

Which ETF pays a higher dividend yield, BTCI or BFJL?

BTCI has the higher dividend yield at 43.77%, compared with 1.43% for BFJL.

What is the main difference between BTCI and BFJL?

BTCI is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: Neos and First Trust. Their fees differ too: 0.99% for BTCI and 0.90% for BFJL.

Which has better risk-adjusted returns?

BTCI currently has the higher Sharpe Ratio (-1.06 vs -1.28), 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.