GXRP vs. BFOC

Last updated Jun 4, 2026

GXRP (Grayscale XRP Trust ETF) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - GXRP is a Cryptocurrency fund tracking the CoinDesk XRP Reference Rate Index, while BFOC is a Defined Outcome fund actively managed by First Trust. GXRP is passively managed, while BFOC is actively managed. Their correlation of 0.80 suggests significant overlap in exposure. GXRP charges 0.35%/yr vs 0.90%/yr for BFOC.

Performance

GXRP vs. BFOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale XRP Trust ETF (GXRP) and FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GXRP achieves a -34.34% return, which is significantly lower than BFOC's -7.39% return.

GXRP

• 1D: -1.56%
• 1M: -14.02%
• YTD: -34.34%
• 6M: -45.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFOC

• 1D: -0.24%
• 1M: -2.82%
• YTD: -7.39%
• 6M: -9.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GXRP vs. BFOC - Yearly Performance Comparison

	2026 (YTD)	2025
GXRP Grayscale XRP Trust ETF	-34.34%	-18.76%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-7.39%	-0.70%

Correlation

The correlation between GXRP and BFOC is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.80

Return for Risk

GXRP vs. BFOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale XRP Trust ETF (GXRP) and FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GXRP	BFOC	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.98	-1.88	+0.89

Drawdowns

GXRP vs. BFOC - Drawdown Comparison

The maximum GXRP drawdown since its inception was -48.62%, which is greater than BFOC's maximum drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for GXRP and BFOC.

Drawdown Indicators

	GXRP	BFOC	Difference
Max Drawdown Largest peak-to-trough decline	-48.62%	-18.20%	-30.42%
Current Drawdown Current decline from peak	-48.13%	-18.20%	-29.93%
Average Drawdown Average peak-to-trough decline	-30.15%	-12.52%	-17.63%

Volatility

Volatility by Period

	GXRP	BFOC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	71.89%	12.61%	+59.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.89%	12.61%	+59.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.89%	12.61%	+59.28%

GXRP vs. BFOC - Expense Ratio Comparison

GXRP has a 0.35% expense ratio, which is lower than BFOC's 0.90% expense ratio.

Dividends

GXRP vs. BFOC - Dividend Comparison

Neither GXRP nor BFOC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GXRP and BFOC in my portfolio?

GXRP and BFOC have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GXRP or BFOC?

On fees, GXRP is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXRP or BFOC?

GXRP is cheaper with a 0.35% expense ratio, compared with 0.90% for BFOC.

Which ETF pays a higher dividend yield, GXRP or BFOC?

GXRP and BFOC have nearly identical dividend yields, around 0.00%.

What is the main difference between GXRP and BFOC?

GXRP is categorized as Cryptocurrency, while BFOC is Defined Outcome. They also come from different issuers: Grayscale and First Trust. Their fees differ too: 0.35% for GXRP and 0.90% for BFOC.