CLNK vs. BFOC

Last updated Jun 4, 2026

CLNK (Bitwise Chainlink ETF) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - CLNK is a Cryptocurrency fund tracking the Chainlink (LINK) spot price, while BFOC is a Defined Outcome fund actively managed by First Trust. CLNK is passively managed, while BFOC is actively managed. A 0.77 correlation means they provide meaningful diversification when combined. CLNK charges 0.34%/yr vs 0.90%/yr for BFOC.

Performance

CLNK vs. BFOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Chainlink ETF (CLNK) and FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLNK

• 1D: -4.18%
• 1M: -12.86%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFOC

• 1D: -0.24%
• 1M: -2.82%
• YTD: -7.39%
• 6M: -9.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLNK vs. BFOC - Yearly Performance Comparison

	2026 (YTD)
CLNK Bitwise Chainlink ETF	-41.92%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-10.51%

Correlation

The correlation between CLNK and BFOC is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 15, 2026	0.77

Return for Risk

CLNK vs. BFOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Chainlink ETF (CLNK) and FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CLNK	BFOC	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.14	-1.88	+0.74

Drawdowns

CLNK vs. BFOC - Drawdown Comparison

The maximum CLNK drawdown since its inception was -43.56%, which is greater than BFOC's maximum drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for CLNK and BFOC.

Drawdown Indicators

	CLNK	BFOC	Difference
Max Drawdown Largest peak-to-trough decline	-43.56%	-18.20%	-25.36%
Current Drawdown Current decline from peak	-41.92%	-18.20%	-23.72%
Average Drawdown Average peak-to-trough decline	-32.34%	-12.52%	-19.82%

Volatility

Volatility by Period

	CLNK	BFOC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	67.16%	12.61%	+54.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.16%	12.61%	+54.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.16%	12.61%	+54.55%

CLNK vs. BFOC - Expense Ratio Comparison

CLNK has a 0.34% expense ratio, which is lower than BFOC's 0.90% expense ratio.

Dividends

CLNK vs. BFOC - Dividend Comparison

Neither CLNK nor BFOC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CLNK and BFOC in my portfolio?

CLNK and BFOC have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLNK or BFOC?

On fees, CLNK is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLNK or BFOC?

CLNK is cheaper with a 0.34% expense ratio, compared with 0.90% for BFOC.

Which ETF pays a higher dividend yield, CLNK or BFOC?

CLNK and BFOC have nearly identical dividend yields, around 0.00%.

What is the main difference between CLNK and BFOC?

CLNK is categorized as Cryptocurrency, while BFOC is Defined Outcome. They also come from different issuers: Bitwise and First Trust. Their fees differ too: 0.34% for CLNK and 0.90% for BFOC.