NGHT vs. BFJL
NGHT (Nicholas Bitcoin and Treasuries AfterDark ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - NGHT is a Cryptocurrency fund actively managed by Nicholas, while BFJL is a Defined Outcome fund tracking the iShares Bitcoin Trust ETF (IBIT). NGHT is actively managed, while BFJL is passively managed. Their 0.66 correlation means they have sometimes moved together and sometimes differently. NGHT charges 0.97%/yr vs 0.90%/yr for BFJL.
Performance
NGHT vs. BFJL - Performance Comparison
Loading charts...
Returns By Period
NGHT
- 1D
- 1.08%
- 1M
- -6.11%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BFJL
- 1D
- 0.49%
- 1M
- 3.89%
- 6M
- -3.45%
- YTD
- -4.05%
- 1Y
- -14.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.17K | $6.79K | $4.43K | |
| $192.25K | $331.23K | $485.78K |
NGHT vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NGHT Nicholas Bitcoin and Treasuries AfterDark ETF | -18.89% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 3.61% |
Correlation
The correlation between NGHT and BFJL is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026 | 0.66 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NGHT vs. BFJL — Risk / Return Rank
NGHT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BFJL
NGHT vs. BFJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Bitcoin and Treasuries AfterDark ETF (NGHT) 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.
| NGHT | BFJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.82 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.69 | — |
| Martin ratioReturn relative to average drawdown | — | -0.94 | — |
Loading charts...
Drawdowns
NGHT vs. BFJL - Drawdown Comparison
The maximum NGHT drawdown since its inception was -23.66%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for NGHT and BFJL.
Loading charts...
Drawdown Indicators
| NGHT | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.66% | -21.27% | -2.39% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.27% | — |
Current DrawdownCurrent decline from peak | -22.84% | -18.11% | -4.73% |
Average DrawdownAverage peak-to-trough decline | -11.60% | -12.81% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.57% | — |
Volatility
NGHT vs. BFJL - Volatility Comparison
Loading charts...
Volatility by Period
| NGHT | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.80% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.40% | 13.14% | +17.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.40% | 13.17% | +17.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.40% | 13.17% | +17.23% |
NGHT vs. BFJL - Expense Ratio Comparison
NGHT has a 0.97% expense ratio, which is higher than BFJL's 0.90% expense ratio.
Dividends
NGHT vs. BFJL - Dividend Comparison
NGHT has not paid dividends to shareholders, while BFJL's dividend yield for the trailing twelve months is around 1.40%.
| Position | TTM | 2025 |
|---|---|---|
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.40% | 1.35% |
NGHT Nicholas Bitcoin and Treasuries AfterDark ETF | 0.00% | 0.00% |
Frequently Asked Questions
NGHT and BFJL have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BFJL is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BFJL is cheaper with a 0.90% expense ratio, compared with 0.97% for NGHT.
BFJL has the higher dividend yield at 1.40%, compared with 0.00% for NGHT.
NGHT is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: Nicholas and First Trust. Their fees differ too: 0.97% for NGHT and 0.90% for BFJL.
Find the right allocation for NGHT and BFJL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer