BTGD vs. BFJL

Last updated Aug 5, 2026

BTGD (STKd 100% Bitcoin & 100% Gold ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BTGD is a Cryptocurrency fund actively managed by Quantify Funds, while BFJL is a Defined Outcome fund tracking the iShares Bitcoin Trust ETF (IBIT). BTGD is actively managed, while BFJL is passively managed. Over the past year, BTGD returned -43.38% vs -14.44% for BFJL. Their 0.79 correlation means they have sometimes moved together and sometimes differently. BTGD charges 1.05%/yr vs 0.90%/yr for BFJL.

Performance

BTGD vs. BFJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in STKd 100% Bitcoin & 100% Gold ETF (BTGD) 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, BTGD achieves a -38.50% return, which is significantly lower than BFJL's -4.36% return.

BTGD

• 1D: 1.37%
• 1M: 1.91%
• 6M: -37.24%
• YTD: -38.50%
• 1Y: -43.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.87%

BFJL

• 1D: 0.17%
• 1M: 2.15%
• 6M: 0.07%
• YTD: -4.36%
• 1Y: -14.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -10.55%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	$5.78K	$8.05K	$4.98K
BTGD STKd 100% Bitcoin & 100% Gold ETF	$428.43K	$383.52K	$1.03M

BTGD vs. BFJL - Yearly Performance Comparison

	2026 (YTD)	2025
BTGD STKd 100% Bitcoin & 100% Gold ETF	-38.50%	-0.96%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-4.36%	-7.43%

Correlation

The correlation between BTGD and BFJL is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.79

The correlation between BTGD and BFJL has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.

Return for Risk

BTGD vs. BFJL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BTGD

BTGD Risk / Return Rank: 3
BTGD Sharpe Ratio Rank: 3
BTGD Sortino Ratio Rank: 3
BTGD Omega Ratio Rank: 3
BTGD Calmar Ratio Rank: 3
BTGD Martin Ratio Rank: 2

BFJL

BFJL Risk / Return Rank: 3
BFJL Sharpe Ratio Rank: 1
BFJL Sortino Ratio Rank: 2
BFJL Omega Ratio Rank: 2
BFJL Calmar Ratio Rank: 4
BFJL Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BTGD vs. BFJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for STKd 100% Bitcoin & 100% Gold ETF (BTGD) 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.

	BTGD	BFJL	Difference
Sharpe ratio: Return per unit of total volatility	-0.75	-1.10	+0.35
Sortino ratio: Return per unit of downside risk	-0.92	-1.47	+0.55
Omega ratio: Gain probability vs. loss probability	0.89	0.82	+0.07
Calmar ratio: Return relative to maximum drawdown	-0.74	-0.68	-0.06
Martin ratio: Return relative to average drawdown	-1.33	-0.91	-0.41

BTGD vs. BFJL - Sharpe Ratio Comparison

The current BTGD Sharpe Ratio is -0.75, which is higher than the BFJL Sharpe Ratio of -1.10. The chart below compares the historical Sharpe Ratios of BTGD 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

BTGD vs. BFJL - Drawdown Comparison

The maximum BTGD drawdown since its inception was -58.79%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BTGD and BFJL.

Drawdown Indicators

	BTGD	BFJL	Difference
Max Drawdown Largest peak-to-trough decline	-58.79%	-21.27%	-37.52%
Max Drawdown (1Y) Largest decline over 1 year	-58.79%	-21.27%	-37.52%
Current Drawdown Current decline from peak	-54.95%	-18.37%	-36.58%
Average Drawdown Average peak-to-trough decline	-18.27%	-12.94%	-5.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.74%	15.83%	+16.91%

Volatility

BTGD vs. BFJL - Volatility Comparison

STKd 100% Bitcoin & 100% Gold ETF (BTGD) has a higher volatility of 12.81% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.38%. This indicates that BTGD'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

	BTGD	BFJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.81%	3.38%	+9.43%
Volatility (6M) Calculated over the trailing 6-month period	44.87%	5.11%	+39.76%
Volatility (1Y) Calculated over the trailing 1-year period	58.20%	13.19%	+45.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.65%	13.13%	+42.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.65%	13.13%	+42.52%

BTGD vs. BFJL - Expense Ratio Comparison

BTGD has a 1.05% expense ratio, which is higher than BFJL's 0.90% expense ratio.

Dividends

BTGD vs. BFJL - Dividend Comparison

BTGD's dividend yield for the trailing twelve months is around 5.47%, more than BFJL's 1.41% yield.

Position	TTM	2025	2024
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.41%	1.35%	0.00%
BTGD STKd 100% Bitcoin & 100% Gold ETF	5.47%	3.36%	0.19%

Frequently Asked Questions

Can I hold both BTGD and BFJL in my portfolio?

BTGD and BFJL have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTGD or BFJL?

BTGD has higher volatility (12.81%) compared to BFJL (3.38%). In terms of maximum drawdown, BTGD dropped -58.79% vs BFJL's -21.27%.

Which ETF is better, BTGD or BFJL?

On 1-year performance, BFJL leads with -14.44% vs -43.38% for BTGD. On fees, BFJL is cheaper at 0.90% per year. On volatility, BFJL has been the lower-risk option at 3.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTGD or BFJL?

Over the 1-year period, BFJL has performed better with a -14.44% return vs -43.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTGD or BFJL?

BFJL is cheaper with a 0.90% expense ratio, compared with 1.05% for BTGD.

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

BTGD has the higher dividend yield at 5.47%, compared with 1.41% for BFJL.

What is the main difference between BTGD and BFJL?

BTGD is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: Quantify Funds and First Trust. Their fees differ too: 1.05% for BTGD and 0.90% for BFJL.

Which has better risk-adjusted returns?

BTGD currently has the higher Sharpe Ratio (-0.75 vs -1.10), 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.