ETHT vs. BFJL

Last updated Jul 14, 2026

ETHT (ProShares Ultra Ether ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - ETHT is a Cryptocurrency fund tracking the Bloomberg Ethereum Index (200%), while BFJL is a Defined Outcome fund managed by First Trust. Over the past year, ETHT returned -82.70% vs -16.83% for BFJL. A 0.80 correlation means they provide meaningful diversification when combined. ETHT charges 0.94%/yr vs 0.90%/yr for BFJL.

Performance

ETHT vs. BFJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Ether ETF (ETHT) 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, ETHT achieves a -75.07% return, which is significantly lower than BFJL's -5.93% return.

ETHT

• 1D: -2.20%
• 1M: 8.91%
• 6M: -76.81%
• YTD: -75.07%
• 1Y: -82.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFJL

• 1D: -1.13%
• 1M: 1.85%
• 6M: -7.31%
• YTD: -5.93%
• 1Y: -16.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHT vs. BFJL - Yearly Performance Comparison

	2026 (YTD)	2025
ETHT ProShares Ultra Ether ETF	-75.07%	-2.97%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-5.93%	-7.43%

Correlation

The correlation between ETHT and BFJL is 0.79, 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	0.79
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.80

The correlation between ETHT and BFJL has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.

Return for Risk

ETHT vs. BFJL — Risk / Return Rank

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

ETHT

ETHT Risk / Return Rank: 3
ETHT Sharpe Ratio Rank: 4
ETHT Sortino Ratio Rank: 4
ETHT Omega Ratio Rank: 4
ETHT Calmar Ratio Rank: 2
ETHT Martin Ratio Rank: 3

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.

ETHT vs. BFJL - Risk-Adjusted Trends Comparison

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

	ETHT	BFJL	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	-1.28	+0.67
Sortino ratio: Return per unit of downside risk	-0.85	-1.73	+0.88
Omega ratio: Gain probability vs. loss probability	0.91	0.79	+0.12
Calmar ratio: Return relative to maximum drawdown	-0.88	-0.79	-0.08
Martin ratio: Return relative to average drawdown	-1.20	-1.11	-0.09

ETHT vs. BFJL - Sharpe Ratio Comparison

The current ETHT Sharpe Ratio is -0.61, which is higher than the BFJL Sharpe Ratio of -1.28. The chart below compares the historical Sharpe Ratios of ETHT 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

ETHT vs. BFJL - Drawdown Comparison

The maximum ETHT drawdown since its inception was -96.25%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for ETHT and BFJL.

Drawdown Indicators

	ETHT	BFJL	Difference
Max Drawdown Largest peak-to-trough decline	-96.25%	-21.27%	-74.98%
Max Drawdown (1Y) Largest decline over 1 year	-94.27%	-21.27%	-73.00%
Current Drawdown Current decline from peak	-95.22%	-19.71%	-75.51%
Average Drawdown Average peak-to-trough decline	-68.38%	-12.61%	-55.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	69.01%	15.15%	+53.86%

Volatility

ETHT vs. BFJL - Volatility Comparison

ProShares Ultra Ether ETF (ETHT) has a higher volatility of 31.73% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 2.36%. This indicates that ETHT'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

	ETHT	BFJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.73%	2.36%	+29.37%
Volatility (6M) Calculated over the trailing 6-month period	95.10%	6.78%	+88.32%
Volatility (1Y) Calculated over the trailing 1-year period	136.16%	13.18%	+122.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	142.24%	13.24%	+129.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	142.24%	13.24%	+129.00%

ETHT vs. BFJL - Expense Ratio Comparison

ETHT has a 0.94% expense ratio, which is higher than BFJL's 0.90% expense ratio.

Dividends

ETHT vs. BFJL - Dividend Comparison

ETHT's dividend yield for the trailing twelve months is around 19.20%, more than BFJL's 1.43% yield.

Position	TTM	2025	2024
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.43%	1.35%	0.00%
ETHT ProShares Ultra Ether ETF	19.20%	4.57%	0.02%

Frequently Asked Questions

Can I hold both ETHT and BFJL in my portfolio?

ETHT 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, ETHT or BFJL?

ETHT has higher volatility (31.73%) compared to BFJL (2.36%). In terms of maximum drawdown, ETHT dropped -96.25% vs BFJL's -21.27%.

Which ETF is better, ETHT or BFJL?

On 1-year performance, BFJL leads with -16.83% vs -82.70% for ETHT. On fees, BFJL is cheaper at 0.90% per year. On volatility, BFJL has been the lower-risk option at 2.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETHT or BFJL?

Over the 1-year period, BFJL has performed better with a -16.83% return vs -82.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETHT or BFJL?

BFJL is cheaper with a 0.90% expense ratio, compared with 0.94% for ETHT.

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

ETHT has the higher dividend yield at 19.20%, compared with 1.43% for BFJL.

What is the main difference between ETHT and BFJL?

ETHT is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.94% for ETHT and 0.90% for BFJL.

Which has better risk-adjusted returns?

ETHT currently has the higher Sharpe Ratio (-0.61 vs -1.28), 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.