BTCLX vs. BUIGX

Last updated Jun 4, 2026

BTCLX (Vest Bitcoin Strategy Managed Volatility Fund Investor Class) and BUIGX (Cboe Vest US Large Cap 10% Buffer Fund) are both mutual funds - BTCLX is a Cryptocurrency fund actively managed by CBOE Vest, while BUIGX is a Options Trading fund managed by CBOE Vest. Over the past 3 years, BTCLX returned 24.12%/yr vs 14.50%/yr for BUIGX. At a 0.39 correlation, their price movements are largely independent. BTCLX charges 3.44%/yr vs 0.95%/yr for BUIGX.

Performance

BTCLX vs. BUIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vest Bitcoin Strategy Managed Volatility Fund Investor Class (BTCLX) and Cboe Vest US Large Cap 10% Buffer Fund (BUIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTCLX achieves a -20.90% return, which is significantly lower than BUIGX's 6.52% return.

BTCLX

• 1D: -6.06%
• 1M: -16.34%
• YTD: -20.90%
• 6M: -25.09%
• 1Y: -34.83%
• 3Y*: 24.12%
• 5Y*: —
• 10Y*: —

BUIGX

• 1D: 0.00%
• 1M: 2.54%
• YTD: 6.52%
• 6M: 7.05%
• 1Y: 17.73%
• 3Y*: 14.50%
• 5Y*: 9.40%
• 10Y*: —

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

BTCLX vs. BUIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BTCLX Vest Bitcoin Strategy Managed Volatility Fund Investor Class	-20.90%	-13.23%	72.28%	128.72%	-58.09%	11.83%
BUIGX Cboe Vest US Large Cap 10% Buffer Fund	6.52%	11.51%	15.54%	19.05%	-9.88%	2.86%

Correlation

The correlation between BTCLX and BUIGX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021	0.39

The correlation between BTCLX and BUIGX shifts across timeframes, from 0.33 (3 years) to 0.47 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BTCLX vs. BUIGX — Risk / Return Rank

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

BTCLX

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

BUIGX

BUIGX Risk / Return Rank: 66
BUIGX Sharpe Ratio Rank: 46
BUIGX Sortino Ratio Rank: 45
BUIGX Omega Ratio Rank: 70
BUIGX Calmar Ratio Rank: 78
BUIGX Martin Ratio Rank: 90

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.

BTCLX vs. BUIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vest Bitcoin Strategy Managed Volatility Fund Investor Class (BTCLX) and Cboe Vest US Large Cap 10% Buffer Fund (BUIGX). 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.

	BTCLX	BUIGX	Difference
Sharpe ratio: Return per unit of total volatility	-0.86	2.00	-2.85
Sortino ratio: Return per unit of downside risk	-1.15	2.85	-4.00
Omega ratio: Gain probability vs. loss probability	0.87	1.47	-0.60
Calmar ratio: Return relative to maximum drawdown	-0.76	3.57	-4.33
Martin ratio: Return relative to average drawdown	-1.31	18.18	-19.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTCLX vs. BUIGX - Sharpe Ratio Comparison

The current BTCLX Sharpe Ratio is -0.86, which is lower than the BUIGX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of BTCLX and BUIGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BTCLX	BUIGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.86	2.00	-2.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.82	-0.70

Drawdowns

BTCLX vs. BUIGX - Drawdown Comparison

The maximum BTCLX drawdown since its inception was -64.43%, which is greater than BUIGX's maximum drawdown of -22.01%. Use the drawdown chart below to compare losses from any high point for BTCLX and BUIGX.

Drawdown Indicators

	BTCLX	BUIGX	Difference
Max Drawdown Largest peak-to-trough decline	-64.43%	-22.01%	-42.42%
Max Drawdown (1Y) Largest decline over 1 year	-45.44%	-5.12%	-40.32%
Max Drawdown (3Y) Largest decline over 3 years	-45.44%	-13.94%	-31.50%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.22%	—
Current Drawdown Current decline from peak	-44.39%	0.00%	-44.39%
Average Drawdown Average peak-to-trough decline	-27.59%	-2.32%	-25.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.92%	1.00%	+24.92%

Volatility

BTCLX vs. BUIGX - Volatility Comparison

Vest Bitcoin Strategy Managed Volatility Fund Investor Class (BTCLX) has a higher volatility of 10.13% compared to Cboe Vest US Large Cap 10% Buffer Fund (BUIGX) at 1.03%. This indicates that BTCLX's price experiences larger fluctuations and is considered to be riskier than BUIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCLX	BUIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.13%	1.03%	+9.10%
Volatility (6M) Calculated over the trailing 6-month period	30.30%	7.94%	+22.36%
Volatility (1Y) Calculated over the trailing 1-year period	40.21%	9.18%	+31.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.75%	11.53%	+33.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.75%	11.69%	+33.06%

BTCLX vs. BUIGX - Expense Ratio Comparison

BTCLX has a 3.44% expense ratio, which is higher than BUIGX's 0.95% expense ratio.

Dividends

BTCLX vs. BUIGX - Dividend Comparison

BTCLX's dividend yield for the trailing twelve months is around 16.22%, while BUIGX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BTCLX Vest Bitcoin Strategy Managed Volatility Fund Investor Class	16.22%	12.83%	9.04%	10.73%	0.00%	12.81%	0.00%	0.00%
BUIGX Cboe Vest US Large Cap 10% Buffer Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.32%	0.68%

Frequently Asked Questions

Can I hold both BTCLX and BUIGX in my portfolio?

BTCLX and BUIGX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTCLX or BUIGX?

BTCLX has higher volatility (10.13%) compared to BUIGX (1.03%). In terms of maximum drawdown, BTCLX dropped -64.43% vs BUIGX's -22.01%.

Which has better risk-adjusted returns?

BUIGX currently has the higher Sharpe Ratio (2.00 vs -0.86), 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.