HODL vs. BFJL
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 tracking the iShares Bitcoin Trust ETF (IBIT). Both are passively managed. Over the past year, HODL returned -44.45% vs -14.80% for BFJL. Their correlation of 0.89 means they have usually moved in the same direction. HODL charges 0.25%/yr vs 0.90%/yr for BFJL.
Performance
HODL vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, HODL achieves a -28.10% return, which is significantly lower than BFJL's -5.11% return.
HODL
- 1D
- -2.89%
- 1M
- 2.36%
- 6M
- -24.98%
- YTD
- -28.10%
- 1Y
- -44.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.44%
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 | |
| $17.01M | $17.34M | $23.05M |
HODL vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HODL VanEck Bitcoin Trust | -28.10% | -18.84% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -5.11% | -7.43% |
Correlation
The correlation between HODL and BFJL is 0.89, 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. | 0.89 |
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.
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Return for Risk
HODL vs. BFJL — Risk / Return Rank
HODL
BFJL
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 ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.81 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.74 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.00 | -0.34 |
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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.
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Drawdown Indicators
| HODL | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -49.90% | -19.01% | -30.89% |
Average DrawdownAverage peak-to-trough decline | -18.17% | -12.90% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.56% | 15.74% | +18.82% |
Volatility
HODL vs. BFJL - Volatility Comparison
VanEck Bitcoin Trust (HODL) has a higher volatility of 9.14% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.65%. 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.
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Volatility by Period
| HODL | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.14% | 3.65% | +5.49% |
Volatility (6M)Calculated over the trailing 6-month period | 33.71% | 5.54% | +28.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.31% | 13.20% | +31.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.28% | 13.17% | +36.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.28% | 13.17% | +36.11% |
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 1.42%.
| Position | TTM | 2025 |
|---|---|---|
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.42% | 1.35% |
HODL VanEck Bitcoin Trust | 0.00% | 0.00% |
Frequently Asked Questions
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.
HODL has higher volatility (9.14%) compared to BFJL (3.65%). In terms of maximum drawdown, HODL dropped -53.20% vs BFJL's -21.27%.
On 1-year performance, BFJL leads with -14.80% vs -44.45% for HODL. On fees, HODL is cheaper at 0.25% per year. On volatility, BFJL has been the lower-risk option at 3.65%. 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 -14.80% return vs -44.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HODL is cheaper with a 0.25% expense ratio, compared with 0.90% for BFJL.
BFJL has the higher dividend yield at 1.42%, compared with 0.00% for HODL.
HODL is categorized as Cryptocurrency, while BFJL is Defined Outcome. HODL tracks CME CF Bitcoin Reference Rate - New York Variant, while BFJL tracks iShares Bitcoin Trust ETF (IBIT). They also come from different issuers: VanEck and First Trust. Their fees differ too: 0.25% for HODL and 0.90% for BFJL.
HODL currently has the higher Sharpe Ratio (-1.05 vs -1.19), 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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