IBIT vs. BFOC

Last updated Jun 4, 2026

IBIT (iShares Bitcoin Trust ETF) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while BFOC is a Defined Outcome fund actively managed by First Trust. IBIT is passively managed, while BFOC is actively managed. Their correlation of 0.90 suggests significant overlap in exposure. IBIT charges 0.25%/yr vs 0.90%/yr for BFOC.

Performance

IBIT vs. BFOC - 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 - October (BFOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBIT achieves a -25.48% return, which is significantly lower than BFOC's -7.39% return.

IBIT

• 1D: -2.76%
• 1M: -18.50%
• YTD: -25.48%
• 6M: -29.84%
• 1Y: -38.74%
• 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)

IBIT vs. BFOC - Yearly Performance Comparison

	2026 (YTD)	2025
IBIT iShares Bitcoin Trust ETF	-25.48%	-25.61%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-7.39%	-9.76%

Correlation

The correlation between IBIT and BFOC is 0.90, 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 Oct 2, 2025	0.90

Return for Risk

IBIT vs. BFOC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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

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.

IBIT vs. BFOC - 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 - 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.

	IBIT	BFOC	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	—	—
Sortino ratio: Return per unit of downside risk	-1.23	—	—
Omega ratio: Gain probability vs. loss probability	0.86	—	—
Calmar ratio: Return relative to maximum drawdown	-0.79	—	—
Martin ratio: Return relative to average drawdown	-1.36	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBIT	BFOC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	-1.88	+2.17

Drawdowns

IBIT vs. BFOC - Drawdown Comparison

The maximum IBIT drawdown since its inception was -49.36%, which is greater than BFOC's maximum drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for IBIT and BFOC.

Drawdown Indicators

	IBIT	BFOC	Difference
Max Drawdown Largest peak-to-trough decline	-49.36%	-18.20%	-31.16%
Max Drawdown (1Y) Largest decline over 1 year	-49.36%	—	—
Current Drawdown Current decline from peak	-48.10%	-18.20%	-29.90%
Average Drawdown Average peak-to-trough decline	-16.02%	-12.52%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.44%	—	—

Volatility

Volatility by Period

	IBIT	BFOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	43.73%	12.61%	+31.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.19%	12.61%	+37.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.19%	12.61%	+37.58%

IBIT vs. BFOC - Expense Ratio Comparison

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

Dividends

IBIT vs. BFOC - Dividend Comparison

Neither IBIT nor BFOC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IBIT and BFOC in my portfolio?

With a correlation of 0.90, IBIT and BFOC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, IBIT or BFOC?

On fees, IBIT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBIT or BFOC?

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

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

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

What is the main difference between IBIT and BFOC?

IBIT is categorized as Cryptocurrency, while BFOC 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 BFOC.