ETHD vs. BFJL

Last updated Jul 15, 2026

ETHD (ProShares UltraShort Ether ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - ETHD is a Cryptocurrency fund actively managed by ProShares, while BFJL is a Defined Outcome fund managed by First Trust. Over the past year, ETHD returned -31.87% vs -16.19% for BFJL. At a correlation of -0.79, they often move in opposite directions. ETHD charges 1.01%/yr vs 0.90%/yr for BFJL.

Performance

ETHD vs. BFJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Ether ETF (ETHD) 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, ETHD achieves a 30.78% return, which is significantly higher than BFJL's -4.41% return.

ETHD

• 1D: -11.58%
• 1M: -27.75%
• 6M: 54.72%
• YTD: 30.78%
• 1Y: -31.87%
• 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)

ETHD vs. BFJL - Yearly Performance Comparison

	2026 (YTD)	2025
ETHD ProShares UltraShort Ether ETF	30.78%	-65.24%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-4.41%	-7.43%

Correlation

The correlation between ETHD and BFJL is -0.79, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.79
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	-0.79

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

Return for Risk

ETHD vs. BFJL — Risk / Return Rank

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

ETHD

ETHD Risk / Return Rank: 9
ETHD Sharpe Ratio Rank: 7
ETHD Sortino Ratio Rank: 14
ETHD Omega Ratio Rank: 14
ETHD Calmar Ratio Rank: 5
ETHD Martin Ratio Rank: 6

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.

ETHD vs. BFJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Ether ETF (ETHD) 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.

	ETHD	BFJL	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	-1.23	+0.99
Sortino ratio: Return per unit of downside risk	0.58	-1.66	+2.24
Omega ratio: Gain probability vs. loss probability	1.07	0.80	+0.27
Calmar ratio: Return relative to maximum drawdown	-0.46	-0.76	+0.31
Martin ratio: Return relative to average drawdown	-0.70	-1.07	+0.37

ETHD vs. BFJL - Sharpe Ratio Comparison

The current ETHD Sharpe Ratio is -0.23, which is higher than the BFJL Sharpe Ratio of -1.23. The chart below compares the historical Sharpe Ratios of ETHD 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

ETHD vs. BFJL - Drawdown Comparison

The maximum ETHD drawdown since its inception was -95.59%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for ETHD and BFJL.

Drawdown Indicators

	ETHD	BFJL	Difference
Max Drawdown Largest peak-to-trough decline	-95.59%	-21.27%	-74.32%
Max Drawdown (1Y) Largest decline over 1 year	-69.78%	-21.27%	-48.51%
Current Drawdown Current decline from peak	-89.78%	-18.41%	-71.37%
Average Drawdown Average peak-to-trough decline	-66.95%	-12.63%	-54.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.44%	15.19%	+31.25%

Volatility

ETHD vs. BFJL - Volatility Comparison

ProShares UltraShort Ether ETF (ETHD) has a higher volatility of 35.25% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 2.80%. This indicates that ETHD'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

	ETHD	BFJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.25%	2.80%	+32.45%
Volatility (6M) Calculated over the trailing 6-month period	94.44%	6.98%	+87.46%
Volatility (1Y) Calculated over the trailing 1-year period	136.21%	13.26%	+122.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	141.68%	13.31%	+128.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	141.68%	13.31%	+128.37%

ETHD vs. BFJL - Expense Ratio Comparison

ETHD has a 1.01% expense ratio, which is higher than BFJL's 0.90% expense ratio.

Dividends

ETHD vs. BFJL - Dividend Comparison

ETHD's dividend yield for the trailing twelve months is around 5.69%, 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%
ETHD ProShares UltraShort Ether ETF	5.69%	156.62%	19.15%

Frequently Asked Questions

Can I hold both ETHD and BFJL in my portfolio?

ETHD and BFJL have a correlation of -0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETHD or BFJL?

ETHD has higher volatility (35.25%) compared to BFJL (2.80%). In terms of maximum drawdown, ETHD dropped -95.59% vs BFJL's -21.27%.

Which ETF is better, ETHD or BFJL?

On 1-year performance, BFJL leads with -16.19% vs -31.87% for ETHD. On fees, BFJL is cheaper at 0.90% per year. On volatility, BFJL has been the lower-risk option at 2.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETHD or BFJL?

Over the 1-year period, BFJL has performed better with a -16.19% return vs -31.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETHD or BFJL?

BFJL is cheaper with a 0.90% expense ratio, compared with 1.01% for ETHD.

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

ETHD has the higher dividend yield at 5.69%, compared with 1.41% for BFJL.

What is the main difference between ETHD and BFJL?

ETHD is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: ProShares and First Trust. Their fees differ too: 1.01% for ETHD and 0.90% for BFJL.

Which has better risk-adjusted returns?

ETHD currently has the higher Sharpe Ratio (-0.23 vs -1.23), 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.