THYP vs. BFOC

Last updated Jun 30, 2026

THYP (21Shares Hyperliquid ETF) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - THYP is a Cryptocurrency fund actively managed by 21Shares, while BFOC is a Defined Outcome fund actively managed by First Trust. Both are actively managed. At a 0.36 correlation, their price movements are largely independent.

Performance

THYP vs. BFOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Hyperliquid ETF (THYP) and FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

THYP

• 1D: 3.06%
• 1M: 0.93%
• YTD: —
• 6M: —
• 1Y: —
• 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)

THYP vs. BFOC - Yearly Performance Comparison

	2026 (YTD)
THYP 21Shares Hyperliquid ETF	54.95%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-2.92%

Correlation

The correlation between THYP and BFOC is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 12, 2026	0.36

Return for Risk

THYP vs. BFOC - Risk-Adjusted Trends Comparison

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

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

Drawdowns

THYP vs. BFOC - Drawdown Comparison

The maximum THYP drawdown since its inception was -27.01%, which is greater than BFOC's maximum drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for THYP and BFOC.

Drawdown Indicators

	THYP	BFOC	Difference
Max Drawdown Largest peak-to-trough decline	-27.01%	-18.41%	-8.60%
Current Drawdown Current decline from peak	-9.34%	-17.93%	+8.59%
Average Drawdown Average peak-to-trough decline	-7.69%	-12.96%	+5.27%

Volatility

Volatility by Period

	THYP	BFOC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	110.48%	12.19%	+98.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.48%	12.19%	+98.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.48%	12.19%	+98.29%

Dividends

THYP vs. BFOC - Dividend Comparison

THYP's dividend yield for the trailing twelve months is around 0.10%, while BFOC has not paid dividends to shareholders.

Position	TTM
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	0.00%
THYP 21Shares Hyperliquid ETF	0.10%

Frequently Asked Questions

Can I hold both THYP and BFOC in my portfolio?

THYP and BFOC have a correlation of 0.36, 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, THYP or BFOC?

THYP has the higher dividend yield at 0.10%, compared with 0.00% for BFOC.

What is the main difference between THYP and BFOC?

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