GAVA vs. BFJL
GAVA (Grayscale Avalanche Staking ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - GAVA is a Cryptocurrency fund actively managed by Grayscale, while BFJL is a Defined Outcome fund tracking the iShares Bitcoin Trust ETF (IBIT). GAVA is actively managed, while BFJL is passively managed. Their 0.66 correlation means they have sometimes moved together and sometimes differently. GAVA charges 0.35%/yr vs 0.90%/yr for BFJL.
Performance
GAVA vs. BFJL - Performance Comparison
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Returns By Period
GAVA
- 1D
- -1.11%
- 1M
- -5.05%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BFJL
- 1D
- -1.29%
- 1M
- 1.35%
- 6M
- -3.14%
- YTD
- -5.11%
- 1Y
- -14.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.56K | $8.09K | $4.95K | |
| $25.36K | $35.54K | $52.60K |
GAVA vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GAVA Grayscale Avalanche Staking ETF | -32.74% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.26% |
Correlation
The correlation between GAVA and BFJL is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026 | 0.66 |
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Return for Risk
GAVA vs. BFJL — Risk / Return Rank
GAVA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BFJL
GAVA vs. BFJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Avalanche Staking ETF (GAVA) 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.
| GAVA | BFJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.81 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.74 | — |
| Martin ratioReturn relative to average drawdown | — | -1.00 | — |
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Drawdowns
GAVA vs. BFJL - Drawdown Comparison
The maximum GAVA drawdown since its inception was -40.42%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for GAVA and BFJL.
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Drawdown Indicators
| GAVA | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.42% | -21.27% | -19.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.27% | — |
Current DrawdownCurrent decline from peak | -37.27% | -19.01% | -18.26% |
Average DrawdownAverage peak-to-trough decline | -19.71% | -12.90% | -6.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.74% | — |
Volatility
GAVA vs. BFJL - Volatility Comparison
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Volatility by Period
| GAVA | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.54% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 52.40% | 13.20% | +39.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.40% | 13.17% | +39.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.40% | 13.17% | +39.23% |
GAVA vs. BFJL - Expense Ratio Comparison
GAVA has a 0.35% expense ratio, which is lower than BFJL's 0.90% expense ratio.
Dividends
GAVA vs. BFJL - Dividend Comparison
GAVA has not paid dividends to shareholders, while BFJL's dividend yield for the trailing twelve months is around 1.42%.
| Position | TTM | 2025 |
|---|---|---|
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.42% | 1.35% |
GAVA Grayscale Avalanche Staking ETF | 0.00% | 0.00% |
Frequently Asked Questions
GAVA and BFJL have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GAVA is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GAVA is cheaper with a 0.35% expense ratio, compared with 0.90% for BFJL.
BFJL has the higher dividend yield at 1.42%, compared with 0.00% for GAVA.
GAVA is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: Grayscale and First Trust. Their fees differ too: 0.35% for GAVA and 0.90% for BFJL.
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