IBIT vs. BFJL

Last updated Aug 5, 2026

IBIT (iShares Bitcoin Trust ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - IBIT 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, IBIT returned -44.19% vs -14.44% for BFJL. Their correlation of 0.89 means they have usually moved in the same direction. IBIT charges 0.25%/yr vs 0.90%/yr for BFJL.

Performance

IBIT vs. BFJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Bitcoin Trust ETF (IBIT) 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, IBIT achieves a -26.71% return, which is significantly lower than BFJL's -4.36% return.

IBIT

• 1D: 0.64%
• 1M: 4.36%
• 6M: -15.96%
• YTD: -26.71%
• 1Y: -44.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.86%

BFJL

• 1D: 0.17%
• 1M: 2.15%
• 6M: 0.07%
• YTD: -4.36%
• 1Y: -14.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -10.55%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	$5.78K	$8.05K	$4.98K
IBIT iShares Bitcoin Trust ETF	$1.29B	$1.33B	$1.64B

IBIT vs. BFJL - Yearly Performance Comparison

	2026 (YTD)	2025
IBIT iShares Bitcoin Trust ETF	-26.71%	-18.89%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-4.36%	-7.43%

Correlation

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

Return for Risk

IBIT vs. BFJL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 2
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 2

BFJL

BFJL Risk / Return Rank: 3
BFJL Sharpe Ratio Rank: 1
BFJL Sortino Ratio Rank: 2
BFJL Omega Ratio Rank: 2
BFJL Calmar Ratio Rank: 4
BFJL Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IBIT vs. BFJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.

	IBIT	BFJL	Difference
Sharpe ratio: Return per unit of total volatility	-1.00	-1.10	+0.10
Sortino ratio: Return per unit of downside risk	-1.47	-1.47	0.00
Omega ratio: Gain probability vs. loss probability	0.84	0.82	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.83	-0.68	-0.15
Martin ratio: Return relative to average drawdown	-1.27	-0.91	-0.35

IBIT vs. BFJL - Sharpe Ratio Comparison

The current IBIT Sharpe Ratio is -1.00, which is comparable to the BFJL Sharpe Ratio of -1.10. The chart below compares the historical Sharpe Ratios of IBIT 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

IBIT vs. BFJL - Drawdown Comparison

The maximum IBIT drawdown since its inception was -53.30%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for IBIT and BFJL.

Drawdown Indicators

	IBIT	BFJL	Difference
Max Drawdown Largest peak-to-trough decline	-53.30%	-21.27%	-32.03%
Max Drawdown (1Y) Largest decline over 1 year	-53.30%	-21.27%	-32.03%
Current Drawdown Current decline from peak	-48.95%	-18.37%	-30.58%
Average Drawdown Average peak-to-trough decline	-18.34%	-12.94%	-5.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.94%	15.83%	+19.11%

Volatility

IBIT vs. BFJL - Volatility Comparison

iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 8.29% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.38%. This indicates that IBIT'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

	IBIT	BFJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.29%	3.38%	+4.91%
Volatility (6M) Calculated over the trailing 6-month period	33.07%	5.11%	+27.96%
Volatility (1Y) Calculated over the trailing 1-year period	44.40%	13.19%	+31.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.53%	13.13%	+36.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.53%	13.13%	+36.40%

IBIT vs. BFJL - Expense Ratio Comparison

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

Dividends

IBIT vs. BFJL - Dividend Comparison

IBIT has not paid dividends to shareholders, while BFJL's dividend yield for the trailing twelve months is around 1.41%.

Position	TTM	2025
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.41%	1.35%
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBIT and BFJL in my portfolio?

IBIT 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, IBIT or BFJL?

IBIT has higher volatility (8.29%) compared to BFJL (3.38%). In terms of maximum drawdown, IBIT dropped -53.30% vs BFJL's -21.27%.

Which ETF is better, IBIT or BFJL?

On 1-year performance, BFJL leads with -14.44% vs -44.19% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, BFJL has been the lower-risk option at 3.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBIT or BFJL?

Over the 1-year period, BFJL has performed better with a -14.44% return vs -44.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBIT or BFJL?

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

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

BFJL has the higher dividend yield at 1.41%, compared with 0.00% for IBIT.

What is the main difference between IBIT and BFJL?

IBIT is categorized as Cryptocurrency, while BFJL is Defined Outcome. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while BFJL tracks iShares Bitcoin Trust ETF (IBIT). They also come from different issuers: iShares and First Trust. Their fees differ too: 0.25% for IBIT and 0.90% for BFJL.

Which has better risk-adjusted returns?

IBIT currently has the higher Sharpe Ratio (-1.00 vs -1.10), 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.