ETHD vs. BFJL
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 tracking the iShares Bitcoin Trust ETF (IBIT). ETHD is actively managed, while BFJL is passively managed. Over the past year, ETHD returned 6.93% vs -14.44% for BFJL. Their -0.79 correlation means they have often moved in opposite directions in the past. ETHD charges 1.01%/yr vs 0.90%/yr for BFJL.
Performance
ETHD vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, ETHD achieves a 28.16% return, which is significantly higher than BFJL's -4.36% return.
ETHD
- 1D
- -0.69%
- 1M
- -21.42%
- 6M
- -13.33%
- YTD
- 28.16%
- 1Y
- 6.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -50.80%
BFJL
- 1D
- 0.17%
- 1M
- 2.15%
- 6M
- 0.07%
- YTD
- -4.36%
- 1Y
- -14.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.78K | $8.05K | $4.98K | |
| $15.91M | $15.40M | $23.23M |
ETHD vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETHD ProShares UltraShort Ether ETF | 28.16% | -65.24% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -4.36% | -7.43% |
Correlation
The correlation between ETHD and BFJL is -0.82, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.82 |
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 -0.82 to -0.79 - a consistent structural relationship.
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Return for Risk
ETHD vs. BFJL — Risk / Return Rank
ETHD
BFJL
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 ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.82 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -0.68 | +0.81 |
| Martin ratioReturn relative to average drawdown | 0.19 | -0.91 | +1.11 |
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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.
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Drawdown Indicators
| ETHD | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.59% | -21.27% | -74.32% |
Max Drawdown (1Y)Largest decline over 1 year | -55.14% | -21.27% | -33.87% |
Current DrawdownCurrent decline from peak | -89.99% | -18.37% | -71.62% |
Average DrawdownAverage peak-to-trough decline | -67.60% | -12.94% | -54.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.65% | 15.83% | +19.82% |
Volatility
ETHD vs. BFJL - Volatility Comparison
ProShares UltraShort Ether ETF (ETHD) has a higher volatility of 22.21% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.38%. 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.
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Volatility by Period
| ETHD | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.21% | 3.38% | +18.83% |
Volatility (6M)Calculated over the trailing 6-month period | 88.19% | 5.11% | +83.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 133.41% | 13.19% | +120.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 140.15% | 13.13% | +127.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.15% | 13.13% | +127.02% |
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 8.92%, 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 | 8.92% | 156.62% | 19.15% |
Frequently Asked Questions
ETHD and BFJL have a correlation of -0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHD has higher volatility (22.21%) compared to BFJL (3.38%). In terms of maximum drawdown, ETHD dropped -95.59% vs BFJL's -21.27%.
On 1-year performance, ETHD leads with 6.93% vs -14.44% for BFJL. 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.
Over the 1-year period, ETHD has performed better with a 6.93% return vs -14.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BFJL is cheaper with a 0.90% expense ratio, compared with 1.01% for ETHD.
ETHD has the higher dividend yield at 8.92%, compared with 1.41% for 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.
ETHD currently has the higher Sharpe Ratio (0.05 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.
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