QBF vs. GFOF

Last updated Jun 24, 2026

QBF (Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly) and GFOF (Grayscale Future of Finance ETF) are both Blockchain funds. QBF is actively managed, while GFOF is passively managed. QBF charges 0.79%/yr vs 0.70%/yr for GFOF.

Performance

QBF vs. GFOF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF) and Grayscale Future of Finance ETF (GFOF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QBF

• 1D: -3.18%
• 1M: -14.78%
• YTD: -27.01%
• 6M: -27.39%
• 1Y: -37.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GFOF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QBF vs. GFOF - Yearly Performance Comparison

	2026 (YTD)	2025
QBF Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly	-27.01%	-14.76%
GFOF Grayscale Future of Finance ETF	0.00%	0.00%

Return for Risk

QBF vs. GFOF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QBF

QBF Risk / Return Rank: 1
QBF Sharpe Ratio Rank: 0
QBF Sortino Ratio Rank: 0
QBF Omega Ratio Rank: 1
QBF Calmar Ratio Rank: 2
QBF Martin Ratio Rank: 1

GFOF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

QBF vs. GFOF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF) and Grayscale Future of Finance ETF (GFOF). 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.

	QBF	GFOF	Difference
Sharpe ratio: Return per unit of total volatility	-1.38	—	—
Sortino ratio: Return per unit of downside risk	-2.08	—	—
Omega ratio: Gain probability vs. loss probability	0.78	—	—
Calmar ratio: Return relative to maximum drawdown	-0.81	—	—
Martin ratio: Return relative to average drawdown	-1.43	—	—

Drawdowns

Drawdown Indicators

	QBF	GFOF	Difference
Max Drawdown Largest peak-to-trough decline	-46.35%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-46.35%	—	—
Current Drawdown Current decline from peak	-45.44%	—	—
Average Drawdown Average peak-to-trough decline	-17.82%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	26.21%	—	—

Volatility

Volatility by Period

	QBF	GFOF	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.20%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.01%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.01%	—	—

QBF vs. GFOF - Expense Ratio Comparison

QBF has a 0.79% expense ratio, which is higher than GFOF's 0.70% expense ratio.

Dividends

QBF vs. GFOF - Dividend Comparison

QBF's dividend yield for the trailing twelve months is around 1.89%, while GFOF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	2.55%	4.08%
QBF Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly	1.89%	1.38%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, QBF or GFOF?

On fees, GFOF is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QBF or GFOF?

GFOF is cheaper with a 0.70% expense ratio, compared with 0.79% for QBF.

Which ETF pays a higher dividend yield, QBF or GFOF?

QBF has the higher dividend yield at 1.89%, compared with 0.00% for GFOF.

What is the main difference between QBF and GFOF?

They also come from different issuers: Innovator and Grayscale. Their fees differ too: 0.79% for QBF and 0.70% for GFOF.