BTF vs. BFJL

Last updated Jul 14, 2026

BTF (Valkyrie Bitcoin and Ether Strategy ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BTF is a Cryptocurrency fund actively managed by Valkyrie, while BFJL is a Defined Outcome fund managed by First Trust. Over the past year, BTF returned -45.62% vs -16.83% for BFJL. Their correlation of 0.85 suggests significant overlap in exposure. BTF charges 1.24%/yr vs 0.90%/yr for BFJL.

Performance

BTF vs. BFJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Valkyrie Bitcoin and Ether Strategy ETF (BTF) 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, BTF achieves a -35.64% return, which is significantly lower than BFJL's -5.93% return.

BTF

• 1D: -1.77%
• 1M: 1.98%
• 6M: -38.36%
• YTD: -35.64%
• 1Y: -45.62%
• 3Y*: 8.64%
• 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)

BTF vs. BFJL - Yearly Performance Comparison

	2026 (YTD)	2025
BTF Valkyrie Bitcoin and Ether Strategy ETF	-35.64%	-3.37%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-5.93%	-7.43%

Correlation

The correlation between BTF and BFJL is 0.85, 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	0.85
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.85

The correlation between BTF and BFJL has been stable across timeframes, ranging from 0.85 to 0.85 - a consistent structural relationship.

Return for Risk

BTF vs. BFJL — Risk / Return Rank

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

BTF

BTF Risk / Return Rank: 3
BTF Sharpe Ratio Rank: 3
BTF Sortino Ratio Rank: 3
BTF Omega Ratio Rank: 3
BTF Calmar Ratio Rank: 3
BTF Martin Ratio Rank: 3

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.

BTF vs. BFJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin and Ether Strategy ETF (BTF) 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.

	BTF	BFJL	Difference
Sharpe ratio: Return per unit of total volatility	-0.84	-1.28	+0.45
Sortino ratio: Return per unit of downside risk	-1.16	-1.73	+0.58
Omega ratio: Gain probability vs. loss probability	0.87	0.79	+0.08
Calmar ratio: Return relative to maximum drawdown	-0.74	-0.79	+0.05
Martin ratio: Return relative to average drawdown	-1.19	-1.11	-0.08

BTF vs. BFJL - Sharpe Ratio Comparison

The current BTF Sharpe Ratio is -0.84, which is higher than the BFJL Sharpe Ratio of -1.28. The chart below compares the historical Sharpe Ratios of BTF 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

BTF vs. BFJL - Drawdown Comparison

The maximum BTF drawdown since its inception was -77.50%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BTF and BFJL.

Drawdown Indicators

	BTF	BFJL	Difference
Max Drawdown Largest peak-to-trough decline	-77.50%	-21.27%	-56.23%
Max Drawdown (1Y) Largest decline over 1 year	-61.55%	-21.27%	-40.28%
Max Drawdown (3Y) Largest decline over 3 years	-61.55%	—	—
Current Drawdown Current decline from peak	-57.91%	-19.71%	-38.20%
Average Drawdown Average peak-to-trough decline	-40.06%	-12.61%	-27.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.26%	15.15%	+23.11%

Volatility

BTF vs. BFJL - Volatility Comparison

Valkyrie Bitcoin and Ether Strategy ETF (BTF) has a higher volatility of 13.50% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 2.36%. This indicates that BTF'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

	BTF	BFJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.50%	2.36%	+11.14%
Volatility (6M) Calculated over the trailing 6-month period	40.08%	6.78%	+33.30%
Volatility (1Y) Calculated over the trailing 1-year period	54.67%	13.18%	+41.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.33%	13.24%	+45.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.33%	13.24%	+45.09%

BTF vs. BFJL - Expense Ratio Comparison

BTF has a 1.24% expense ratio, which is higher than BFJL's 0.90% expense ratio.

Dividends

BTF vs. BFJL - Dividend Comparison

BTF's dividend yield for the trailing twelve months is around 226.12%, more than BFJL's 1.43% yield.

Position	TTM	2025	2024	2023
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.43%	1.35%	0.00%	0.00%
BTF Valkyrie Bitcoin and Ether Strategy ETF	226.12%	146.05%	52.96%	15.98%

Frequently Asked Questions

Can I hold both BTF and BFJL in my portfolio?

BTF and BFJL have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTF or BFJL?

BTF has higher volatility (13.50%) compared to BFJL (2.36%). In terms of maximum drawdown, BTF dropped -77.50% vs BFJL's -21.27%.

Which ETF is better, BTF or BFJL?

On 1-year performance, BFJL leads with -16.83% vs -45.62% for BTF. 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, BTF or BFJL?

Over the 1-year period, BFJL has performed better with a -16.83% return vs -45.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTF or BFJL?

BFJL is cheaper with a 0.90% expense ratio, compared with 1.24% for BTF.

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

BTF has the higher dividend yield at 226.12%, compared with 1.43% for BFJL.

What is the main difference between BTF and BFJL?

BTF is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: Valkyrie and First Trust. Their fees differ too: 1.24% for BTF and 0.90% for BFJL.

Which has better risk-adjusted returns?

BTF currently has the higher Sharpe Ratio (-0.84 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.