BTRN vs. BFJL

Last updated Jul 15, 2026

BTRN (Global X Bitcoin Trend Strategy ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BTRN is a Cryptocurrency fund tracking the CoinDesk Bitcoin Trend Indicator Futures Index, while BFJL is a Defined Outcome fund managed by First Trust. Over the past year, BTRN returned -25.61% vs -16.19% for BFJL. A 0.70 correlation means they provide meaningful diversification when combined. BTRN charges 0.95%/yr vs 0.90%/yr for BFJL.

Performance

BTRN vs. BFJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Bitcoin Trend Strategy ETF (BTRN) 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, BTRN achieves a -9.67% return, which is significantly lower than BFJL's -4.41% return.

BTRN

• 1D: 0.99%
• 1M: -0.56%
• 6M: -11.31%
• YTD: -9.67%
• 1Y: -25.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFJL

• 1D: 1.62%
• 1M: 3.50%
• 6M: -7.27%
• YTD: -4.41%
• 1Y: -16.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTRN vs. BFJL - Yearly Performance Comparison

	2026 (YTD)	2025
BTRN Global X Bitcoin Trend Strategy ETF	-9.67%	-9.25%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-4.41%	-7.43%

Correlation

The correlation between BTRN and BFJL is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.70

The correlation between BTRN and BFJL has been stable across timeframes, ranging from 0.69 to 0.70 - a consistent structural relationship.

Return for Risk

BTRN vs. BFJL — Risk / Return Rank

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

BTRN

BTRN Risk / Return Rank: 0
BTRN Sharpe Ratio Rank: 0
BTRN Sortino Ratio Rank: 1
BTRN Omega Ratio Rank: 0
BTRN Calmar Ratio Rank: 0
BTRN 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.

BTRN vs. BFJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Trend Strategy ETF (BTRN) 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.

	BTRN	BFJL	Difference
Sharpe ratio: Return per unit of total volatility	-1.47	-1.23	-0.24
Sortino ratio: Return per unit of downside risk	-2.01	-1.66	-0.36
Omega ratio: Gain probability vs. loss probability	0.72	0.80	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.99	-0.76	-0.22
Martin ratio: Return relative to average drawdown	-1.56	-1.07	-0.49

BTRN vs. BFJL - Sharpe Ratio Comparison

The current BTRN Sharpe Ratio is -1.47, which is comparable to the BFJL Sharpe Ratio of -1.23. The chart below compares the historical Sharpe Ratios of BTRN 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

BTRN vs. BFJL - Drawdown Comparison

The maximum BTRN drawdown since its inception was -36.97%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BTRN and BFJL.

Drawdown Indicators

	BTRN	BFJL	Difference
Max Drawdown Largest peak-to-trough decline	-36.97%	-21.27%	-15.70%
Max Drawdown (1Y) Largest decline over 1 year	-26.04%	-21.27%	-4.77%
Current Drawdown Current decline from peak	-25.61%	-18.41%	-7.20%
Average Drawdown Average peak-to-trough decline	-14.92%	-12.63%	-2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.90%	15.19%	+1.71%

Volatility

BTRN vs. BFJL - Volatility Comparison

The current volatility for Global X Bitcoin Trend Strategy ETF (BTRN) is 2.03%, while FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) has a volatility of 2.80%. This indicates that BTRN experiences smaller price fluctuations and is considered to be less risky than BFJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTRN	BFJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.03%	2.80%	-0.77%
Volatility (6M) Calculated over the trailing 6-month period	10.30%	6.98%	+3.32%
Volatility (1Y) Calculated over the trailing 1-year period	17.60%	13.26%	+4.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.26%	13.31%	+16.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.26%	13.31%	+16.95%

BTRN vs. BFJL - Expense Ratio Comparison

BTRN has a 0.95% expense ratio, which is higher than BFJL's 0.90% expense ratio.

Dividends

BTRN vs. BFJL - Dividend Comparison

BTRN's dividend yield for the trailing twelve months is around 31.08%, 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%
BTRN Global X Bitcoin Trend Strategy ETF	31.08%	27.76%	2.56%

Frequently Asked Questions

Can I hold both BTRN and BFJL in my portfolio?

BTRN and BFJL have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTRN or BFJL?

BFJL has higher volatility (2.80%) compared to BTRN (2.03%). In terms of maximum drawdown, BTRN dropped -36.97% vs BFJL's -21.27%.

Which ETF is better, BTRN or BFJL?

On 1-year performance, BFJL leads with -16.19% vs -25.61% for BTRN. On fees, BFJL is cheaper at 0.90% per year. On volatility, BTRN has been the lower-risk option at 2.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTRN or BFJL?

Over the 1-year period, BFJL has performed better with a -16.19% return vs -25.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTRN or BFJL?

BFJL is cheaper with a 0.90% expense ratio, compared with 0.95% for BTRN.

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

BTRN has the higher dividend yield at 31.08%, compared with 1.41% for BFJL.

What is the main difference between BTRN and BFJL?

BTRN is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: Global X and First Trust. Their fees differ too: 0.95% for BTRN and 0.90% for BFJL.

Which has better risk-adjusted returns?

BFJL currently has the higher Sharpe Ratio (-1.23 vs -1.47), 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.