SETH vs. BFOC

Last updated Aug 4, 2026

SETH (ProShares Short Ether Strategy ETF) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - SETH is a Cryptocurrency fund tracking the Bloomberg Galaxy Ethereum (--100%), while BFOC is a Defined Outcome fund actively managed by First Trust. SETH is passively managed, while BFOC is actively managed. Their -0.82 correlation means they have often moved in opposite directions in the past. SETH charges 0.95%/yr vs 0.90%/yr for BFOC.

Performance

SETH vs. BFOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short Ether Strategy ETF (SETH) 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, SETH achieves a 29.49% return, which is significantly higher than BFOC's -6.79% return.

SETH

• 1D: -0.18%
• 1M: -10.05%
• 6M: 5.54%
• YTD: 29.49%
• 1Y: 27.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -31.12%

BFOC

• 1D: 0.73%
• 1M: 0.12%
• 6M: -4.12%
• YTD: -6.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	$40.00K	$49.38K	$63.64K
SETH ProShares Short Ether Strategy ETF	$1.09M	$1.16M	$1.85M

SETH vs. BFOC - Yearly Performance Comparison

	2026 (YTD)	2025
SETH ProShares Short Ether Strategy ETF	29.49%	25.02%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-6.79%	-9.75%

Correlation

The correlation between SETH and BFOC is -0.82, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	-0.82

Return for Risk

SETH vs. BFOC — Risk / Return Rank

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

SETH

SETH Risk / Return Rank: 24
SETH Sharpe Ratio Rank: 20
SETH Sortino Ratio Rank: 26
SETH Omega Ratio Rank: 25
SETH Calmar Ratio Rank: 28
SETH Martin Ratio Rank: 22

BFOC

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

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.

SETH vs. BFOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short Ether Strategy ETF (SETH) 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.

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.

	SETH	BFOC	Difference
Sharpe ratio: Return per unit of total volatility	0.41	—	—
Sortino ratio: Return per unit of downside risk	1.00	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.93	—	—
Martin ratio: Return relative to average drawdown	1.60	—	—

Drawdowns

SETH vs. BFOC - Drawdown Comparison

The maximum SETH drawdown since its inception was -80.74%, which is greater than BFOC's maximum drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for SETH and BFOC.

Drawdown Indicators

	SETH	BFOC	Difference
Max Drawdown Largest peak-to-trough decline	-80.74%	-18.41%	-62.33%
Max Drawdown (1Y) Largest decline over 1 year	-29.71%	—	—
Current Drawdown Current decline from peak	-64.43%	-17.67%	-46.76%
Average Drawdown Average peak-to-trough decline	-55.12%	-13.52%	-41.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.71%	—	—

Volatility

Volatility by Period

	SETH	BFOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	45.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	67.05%	11.69%	+55.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.84%	11.69%	+57.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.84%	11.69%	+57.15%

SETH vs. BFOC - Expense Ratio Comparison

SETH has a 0.95% expense ratio, which is higher than BFOC's 0.90% expense ratio.

Dividends

SETH vs. BFOC - Dividend Comparison

SETH's dividend yield for the trailing twelve months is around 22.11%, while BFOC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	0.00%	0.00%	0.00%	0.00%
SETH ProShares Short Ether Strategy ETF	22.11%	7.01%	3.44%	0.38%

Frequently Asked Questions

Can I hold both SETH and BFOC in my portfolio?

SETH and BFOC have a correlation of -0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SETH or BFOC?

On fees, BFOC is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SETH or BFOC?

BFOC is cheaper with a 0.90% expense ratio, compared with 0.95% for SETH.

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

SETH has the higher dividend yield at 22.11%, compared with 0.00% for BFOC.

What is the main difference between SETH and BFOC?

SETH is categorized as Cryptocurrency, while BFOC is Defined Outcome. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.95% for SETH and 0.90% for BFOC.