BTCW vs. BFJL
BTCW (Wisdom Tree Bitcoin Fund) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BTCW is a Cryptocurrency fund tracking the No Index (Physical Bitcoin), while BFJL is a Defined Outcome fund tracking the iShares Bitcoin Trust ETF (IBIT). Both are passively managed. Over the past year, BTCW returned -44.53% vs -14.80% for BFJL. Their correlation of 0.89 means they have usually moved in the same direction. BTCW charges 0.25%/yr vs 0.90%/yr for BFJL.
Performance
BTCW vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, BTCW achieves a -28.33% return, which is significantly lower than BFJL's -5.11% return.
BTCW
- 1D
- -2.95%
- 1M
- 2.34%
- 6M
- -25.06%
- YTD
- -28.33%
- 1Y
- -44.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.76%
BFJL
- 1D
- -1.29%
- 1M
- 1.35%
- 6M
- -3.14%
- YTD
- -5.11%
- 1Y
- -14.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.56K | $8.09K | $4.95K | |
| $1.20M | $1.71M | $1.37M |
BTCW vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTCW Wisdom Tree Bitcoin Fund | -28.33% | -18.86% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -5.11% | -7.43% |
Correlation
The correlation between BTCW 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 BTCW 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
BTCW vs. BFJL — Risk / Return Rank
BTCW
BFJL
BTCW vs. BFJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wisdom Tree Bitcoin Fund (BTCW) 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.
| BTCW | BFJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.81 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.74 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.00 | -0.34 |
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Drawdowns
BTCW vs. BFJL - Drawdown Comparison
The maximum BTCW drawdown since its inception was -53.37%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BTCW and BFJL.
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Drawdown Indicators
| BTCW | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.37% | -21.27% | -32.10% |
Max Drawdown (1Y)Largest decline over 1 year | -53.37% | -21.27% | -32.10% |
Current DrawdownCurrent decline from peak | -50.05% | -19.01% | -31.04% |
Average DrawdownAverage peak-to-trough decline | -18.19% | -12.90% | -5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.63% | 15.74% | +18.89% |
Volatility
BTCW vs. BFJL - Volatility Comparison
Wisdom Tree Bitcoin Fund (BTCW) has a higher volatility of 9.16% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.65%. This indicates that BTCW'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
| BTCW | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.16% | 3.65% | +5.51% |
Volatility (6M)Calculated over the trailing 6-month period | 33.66% | 5.54% | +28.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.25% | 13.20% | +31.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.47% | 13.17% | +36.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.47% | 13.17% | +36.30% |
BTCW vs. BFJL - Expense Ratio Comparison
BTCW has a 0.25% expense ratio, which is lower than BFJL's 0.90% expense ratio.
Dividends
BTCW vs. BFJL - Dividend Comparison
BTCW has not paid dividends to shareholders, while BFJL's dividend yield for the trailing twelve months is around 1.42%.
| Position | TTM | 2025 |
|---|---|---|
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.42% | 1.35% |
BTCW Wisdom Tree Bitcoin Fund | 0.00% | 0.00% |
Frequently Asked Questions
BTCW 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.
BTCW has higher volatility (9.16%) compared to BFJL (3.65%). In terms of maximum drawdown, BTCW dropped -53.37% vs BFJL's -21.27%.
On 1-year performance, BFJL leads with -14.80% vs -44.53% for BTCW. On fees, BTCW is cheaper at 0.25% per year. On volatility, BFJL has been the lower-risk option at 3.65%. 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 -14.80% return vs -44.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTCW is cheaper with a 0.25% expense ratio, compared with 0.90% for BFJL.
BFJL has the higher dividend yield at 1.42%, compared with 0.00% for BTCW.
BTCW is categorized as Cryptocurrency, while BFJL is Defined Outcome. BTCW tracks No Index (Physical Bitcoin), while BFJL tracks iShares Bitcoin Trust ETF (IBIT). They also come from different issuers: WisdomTree and First Trust. Their fees differ too: 0.25% for BTCW and 0.90% for BFJL.
BTCW currently has the higher Sharpe Ratio (-1.05 vs -1.19), 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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