HODL vs. BFJL

Last updated Jul 14, 2026

HODL (VanEck Bitcoin Trust) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - HODL is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while BFJL is a Defined Outcome fund managed by First Trust. Over the past year, HODL returned -47.40% vs -16.83% for BFJL. Their correlation of 0.89 suggests significant overlap in exposure. HODL charges 0.25%/yr vs 0.90%/yr for BFJL.

Performance

HODL vs. BFJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Bitcoin Trust (HODL) 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, HODL achieves a -28.87% return, which is significantly lower than BFJL's -5.93% return.

HODL

• 1D: -2.71%
• 1M: -2.11%
• 6M: -31.95%
• YTD: -28.87%
• 1Y: -47.40%
• 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)

HODL vs. BFJL - Yearly Performance Comparison

	2026 (YTD)	2025
HODL VanEck Bitcoin Trust	-28.87%	-18.84%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-5.93%	-7.43%

Correlation

The correlation between HODL and BFJL is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.89

The correlation between HODL and BFJL has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.

Return for Risk

HODL vs. BFJL — Risk / Return Rank

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

HODL

HODL Risk / Return Rank: 1
HODL Sharpe Ratio Rank: 1
HODL Sortino Ratio Rank: 1
HODL Omega Ratio Rank: 1
HODL Calmar Ratio Rank: 1
HODL Martin Ratio Rank: 1

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.

HODL vs. BFJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin Trust (HODL) 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.

	HODL	BFJL	Difference
Sharpe ratio: Return per unit of total volatility	-1.08	-1.28	+0.21
Sortino ratio: Return per unit of downside risk	-1.65	-1.73	+0.08
Omega ratio: Gain probability vs. loss probability	0.82	0.79	+0.03
Calmar ratio: Return relative to maximum drawdown	-0.89	-0.79	-0.10
Martin ratio: Return relative to average drawdown	-1.45	-1.11	-0.34

HODL vs. BFJL - Sharpe Ratio Comparison

The current HODL Sharpe Ratio is -1.08, which is comparable to the BFJL Sharpe Ratio of -1.28. The chart below compares the historical Sharpe Ratios of HODL 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

HODL vs. BFJL - Drawdown Comparison

The maximum HODL drawdown since its inception was -53.20%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for HODL and BFJL.

Drawdown Indicators

	HODL	BFJL	Difference
Max Drawdown Largest peak-to-trough decline	-53.20%	-21.27%	-31.93%
Max Drawdown (1Y) Largest decline over 1 year	-53.20%	-21.27%	-31.93%
Current Drawdown Current decline from peak	-50.44%	-19.71%	-30.73%
Average Drawdown Average peak-to-trough decline	-17.49%	-12.61%	-4.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.62%	15.15%	+17.47%

Volatility

HODL vs. BFJL - Volatility Comparison

VanEck Bitcoin Trust (HODL) has a higher volatility of 11.45% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 2.36%. This indicates that HODL'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

	HODL	BFJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.45%	2.36%	+9.09%
Volatility (6M) Calculated over the trailing 6-month period	34.72%	6.78%	+27.94%
Volatility (1Y) Calculated over the trailing 1-year period	44.22%	13.18%	+31.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.65%	13.24%	+36.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.65%	13.24%	+36.41%

HODL vs. BFJL - Expense Ratio Comparison

HODL has a 0.25% expense ratio, which is lower than BFJL's 0.90% expense ratio.

Dividends

HODL vs. BFJL - Dividend Comparison

HODL has not paid dividends to shareholders, while BFJL's dividend yield for the trailing twelve months is around 1.43%.

Position	TTM	2025
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.43%	1.35%
HODL VanEck Bitcoin Trust	0.00%	0.00%

Frequently Asked Questions

Can I hold both HODL and BFJL in my portfolio?

HODL and BFJL have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HODL or BFJL?

HODL has higher volatility (11.45%) compared to BFJL (2.36%). In terms of maximum drawdown, HODL dropped -53.20% vs BFJL's -21.27%.

Which ETF is better, HODL or BFJL?

On 1-year performance, BFJL leads with -16.83% vs -47.40% for HODL. On fees, HODL is cheaper at 0.25% 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, HODL or BFJL?

Over the 1-year period, BFJL has performed better with a -16.83% return vs -47.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HODL or BFJL?

HODL is cheaper with a 0.25% expense ratio, compared with 0.90% for BFJL.

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

BFJL has the higher dividend yield at 1.43%, compared with 0.00% for HODL.

What is the main difference between HODL and BFJL?

HODL is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: VanEck and First Trust. Their fees differ too: 0.25% for HODL and 0.90% for BFJL.

Which has better risk-adjusted returns?

HODL currently has the higher Sharpe Ratio (-1.08 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.