TETH vs. BFOC

Last updated Jun 30, 2026

TETH (21Shares Ethereum ETF) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - TETH is a Cryptocurrency fund actively managed by 21Shares, while BFOC is a Defined Outcome fund actively managed by First Trust. Both are actively managed. Their correlation of 0.84 suggests significant overlap in exposure.

Performance

TETH vs. BFOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Ethereum ETF (TETH) 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, TETH achieves a -45.15% return, which is significantly lower than BFOC's -7.09% return.

TETH

• 1D: 3.43%
• 1M: -19.29%
• YTD: -45.15%
• 6M: -44.28%
• 1Y: -32.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFOC

• 1D: 0.07%
• 1M: -0.30%
• YTD: -7.09%
• 6M: -7.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TETH vs. BFOC - Yearly Performance Comparison

	2026 (YTD)	2025
TETH 21Shares Ethereum ETF	-45.15%	-28.70%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-7.09%	-9.75%

Correlation

The correlation between TETH and BFOC is 0.84, 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 1, 2025	0.84

Return for Risk

TETH vs. BFOC — Risk / Return Rank

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

TETH

TETH Risk / Return Rank: 6
TETH Sharpe Ratio Rank: 6
TETH Sortino Ratio Rank: 6
TETH Omega Ratio Rank: 6
TETH Calmar Ratio Rank: 5
TETH Martin Ratio Rank: 6

BFOC

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.

TETH vs. BFOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Ethereum ETF (TETH) 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.

	TETH	BFOC	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	—	—
Sortino ratio: Return per unit of downside risk	-0.33	—	—
Omega ratio: Gain probability vs. loss probability	0.96	—	—
Calmar ratio: Return relative to maximum drawdown	-0.48	—	—
Martin ratio: Return relative to average drawdown	-0.79	—	—

Drawdowns

TETH vs. BFOC - Drawdown Comparison

The maximum TETH drawdown since its inception was -67.74%, which is greater than BFOC's maximum drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for TETH and BFOC.

Drawdown Indicators

	TETH	BFOC	Difference
Max Drawdown Largest peak-to-trough decline	-67.74%	-18.41%	-49.33%
Max Drawdown (1Y) Largest decline over 1 year	-67.74%	—	—
Current Drawdown Current decline from peak	-66.33%	-17.93%	-48.40%
Average Drawdown Average peak-to-trough decline	-34.03%	-12.96%	-21.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.19%	—	—

Volatility

Volatility by Period

	TETH	BFOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	46.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	69.15%	12.19%	+56.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.18%	12.19%	+59.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.18%	12.19%	+59.99%

Dividends

TETH vs. BFOC - Dividend Comparison

TETH's dividend yield for the trailing twelve months is around 0.39%, while BFOC has not paid dividends to shareholders.

Position	TTM
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	0.00%
TETH 21Shares Ethereum ETF	0.39%

Frequently Asked Questions

Can I hold both TETH and BFOC in my portfolio?

TETH and BFOC have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

TETH has the higher dividend yield at 0.39%, compared with 0.00% for BFOC.

What is the main difference between TETH and BFOC?

TETH is categorized as Cryptocurrency, while BFOC is Defined Outcome. They also come from different issuers: 21Shares and First Trust.