IBIT vs. BFJL
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 managed by First Trust. Over the past year, IBIT returned -46.35% vs -16.19% for BFJL. Their correlation of 0.89 suggests significant overlap in exposure. IBIT charges 0.25%/yr vs 0.90%/yr for BFJL.
Performance
IBIT vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -26.32% return, which is significantly lower than BFJL's -4.41% return.
IBIT
- 1D
- 3.86%
- 1M
- 1.50%
- 6M
- -31.72%
- YTD
- -26.32%
- 1Y
- -46.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BFJL
- 1D
- 1.62%
- 1M
- 3.50%
- 6M
- -7.27%
- YTD
- -4.41%
- 1Y
- -16.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBIT iShares Bitcoin Trust ETF | -26.32% | -18.89% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -4.41% | -7.43% |
Correlation
The correlation between IBIT 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 IBIT 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
IBIT vs. BFJL — Risk / Return Rank
IBIT
BFJL
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 ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.80 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.76 | -0.11 |
| Martin ratioReturn relative to average drawdown | -1.41 | -1.07 | -0.34 |
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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.
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Drawdown Indicators
| IBIT | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -48.69% | -18.41% | -30.28% |
Average DrawdownAverage peak-to-trough decline | -17.61% | -12.63% | -4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.86% | 15.19% | +17.67% |
Volatility
IBIT vs. BFJL - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 11.82% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 2.80%. 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.
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Volatility by Period
| IBIT | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.82% | 2.80% | +9.02% |
Volatility (6M)Calculated over the trailing 6-month period | 35.03% | 6.98% | +28.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.48% | 13.26% | +31.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.99% | 13.31% | +36.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.99% | 13.31% | +36.68% |
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
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.
IBIT has higher volatility (11.82%) compared to BFJL (2.80%). In terms of maximum drawdown, IBIT dropped -53.30% vs BFJL's -21.27%.
On 1-year performance, BFJL leads with -16.19% vs -46.35% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, BFJL has been the lower-risk option at 2.80%. 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 -16.19% return vs -46.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.90% for BFJL.
BFJL has the higher dividend yield at 1.41%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.25% for IBIT and 0.90% for BFJL.
IBIT currently has the higher Sharpe Ratio (-1.05 vs -1.23), 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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