ETHE vs. BFJL
ETHE (Grayscale Ethereum Trust ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - ETHE is a Cryptocurrency fund tracking the CoinDesk Ether Price Index, while BFJL is a Defined Outcome fund tracking the iShares Bitcoin Trust ETF (IBIT). Both are passively managed. Over the past year, ETHE returned -49.53% vs -14.44% for BFJL. Their 0.80 correlation means they have sometimes moved together and sometimes differently. ETHE charges 2.50%/yr vs 0.90%/yr for BFJL.
Performance
ETHE vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, ETHE achieves a -37.21% return, which is significantly lower than BFJL's -4.36% return.
ETHE
- 1D
- 0.34%
- 1M
- 10.22%
- 6M
- -18.72%
- YTD
- -37.21%
- 1Y
- -49.53%
- 3Y*
- 10.35%
- 5Y*
- -10.40%
- 10Y*
- —
- ALL TIME*
- 12.34%
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 | |
| $26.36M | $26.52M | $33.93M |
ETHE vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETHE Grayscale Ethereum Trust ETF | -37.21% | 16.83% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -4.36% | -7.43% |
Correlation
The correlation between ETHE and BFJL is 0.82, meaning they have usually moved in the same direction, including during past declines.
| 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 | 0.80 |
The correlation between ETHE and BFJL has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.
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Return for Risk
ETHE vs. BFJL — Risk / Return Rank
ETHE
BFJL
ETHE vs. BFJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Trust ETF (ETHE) 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.
| ETHE | BFJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.82 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.68 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.08 | -0.91 | -0.16 |
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Drawdowns
ETHE vs. BFJL - Drawdown Comparison
The maximum ETHE drawdown since its inception was -96.26%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for ETHE and BFJL.
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Drawdown Indicators
| ETHE | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.26% | -21.27% | -74.99% |
Max Drawdown (1Y)Largest decline over 1 year | -68.17% | -21.27% | -46.90% |
Max Drawdown (3Y)Largest decline over 3 years | -68.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -89.85% | — | — |
Current DrawdownCurrent decline from peak | -76.25% | -18.37% | -57.88% |
Average DrawdownAverage peak-to-trough decline | -72.32% | -12.94% | -59.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.97% | 15.83% | +30.14% |
Volatility
ETHE vs. BFJL - Volatility Comparison
Grayscale Ethereum Trust ETF (ETHE) has a higher volatility of 11.25% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.38%. This indicates that ETHE'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
| ETHE | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.25% | 3.38% | +7.87% |
Volatility (6M)Calculated over the trailing 6-month period | 43.39% | 5.11% | +38.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.84% | 13.19% | +53.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.93% | 13.13% | +67.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 189.73% | 13.13% | +176.60% |
ETHE vs. BFJL - Expense Ratio Comparison
ETHE has a 2.50% expense ratio, which is higher than BFJL's 0.90% expense ratio.
Dividends
ETHE vs. BFJL - Dividend Comparison
ETHE's dividend yield for the trailing twelve months is around 1.59%, more than BFJL's 1.41% yield.
| Position | TTM | 2025 |
|---|---|---|
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.41% | 1.35% |
ETHE Grayscale Ethereum Trust ETF | 1.59% | 0.00% |
Frequently Asked Questions
ETHE 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.
ETHE has higher volatility (11.25%) compared to BFJL (3.38%). In terms of maximum drawdown, ETHE dropped -96.26% vs BFJL's -21.27%.
On 1-year performance, BFJL leads with -14.44% vs -49.53% for ETHE. 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, BFJL has performed better with a -14.44% return vs -49.53%. 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 2.50% for ETHE.
ETHE has the higher dividend yield at 1.59%, compared with 1.41% for BFJL.
ETHE is categorized as Cryptocurrency, while BFJL is Defined Outcome. ETHE tracks CoinDesk Ether Price Index, while BFJL tracks iShares Bitcoin Trust ETF (IBIT). They also come from different issuers: Grayscale and First Trust. Their fees differ too: 2.50% for ETHE and 0.90% for BFJL.
ETHE currently has the higher Sharpe Ratio (-0.74 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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