WGMI vs. BFJL

Last updated Jul 16, 2026

WGMI (CoinShares Bitcoin Miners ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - WGMI is a Cryptocurrency fund actively managed by CoinShares, while BFJL is a Defined Outcome fund managed by First Trust. Over the past year, WGMI returned 111.58% vs -14.57% for BFJL. At a 0.46 correlation, their price movements are largely independent. WGMI charges 0.75%/yr vs 0.90%/yr for BFJL.

Performance

WGMI vs. BFJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CoinShares Bitcoin Miners ETF (WGMI) and FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WGMI achieves a 38.49% return, which is significantly higher than BFJL's -4.08% return.

WGMI

• 1D: 1.47%
• 1M: -23.20%
• 6M: 8.30%
• YTD: 38.49%
• 1Y: 111.58%
• 3Y*: 44.13%
• 5Y*: —
• 10Y*: —

BFJL

• 1D: 0.35%
• 1M: 3.83%
• 6M: -8.53%
• YTD: -4.08%
• 1Y: -14.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WGMI vs. BFJL - Yearly Performance Comparison

	2026 (YTD)	2025
WGMI CoinShares Bitcoin Miners ETF	38.49%	68.29%
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-4.08%	-7.43%

Correlation

The correlation between WGMI and BFJL is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.46

Return for Risk

WGMI vs. BFJL — Risk / Return Rank

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

WGMI

WGMI Risk / Return Rank: 47
WGMI Sharpe Ratio Rank: 52
WGMI Sortino Ratio Rank: 50
WGMI Omega Ratio Rank: 45
WGMI Calmar Ratio Rank: 54
WGMI Martin Ratio Rank: 35

BFJL

BFJL Risk / Return Rank: 3
BFJL Sharpe Ratio Rank: 1
BFJL Sortino Ratio Rank: 2
BFJL Omega Ratio Rank: 1
BFJL Calmar Ratio Rank: 4
BFJL Martin Ratio Rank: 5

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.

WGMI vs. BFJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoinShares Bitcoin Miners ETF (WGMI) 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.

	WGMI	BFJL	Difference
Sharpe ratio: Return per unit of total volatility	1.45	-1.11	+2.56
Sortino ratio: Return per unit of downside risk	2.05	-1.49	+3.54
Omega ratio: Gain probability vs. loss probability	1.24	0.82	+0.42
Calmar ratio: Return relative to maximum drawdown	2.20	-0.69	+2.89
Martin ratio: Return relative to average drawdown	4.37	-0.96	+5.33

WGMI vs. BFJL - Sharpe Ratio Comparison

The current WGMI Sharpe Ratio is 1.45, which is higher than the BFJL Sharpe Ratio of -1.11. The chart below compares the historical Sharpe Ratios of WGMI and BFJL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WGMI vs. BFJL - Drawdown Comparison

The maximum WGMI drawdown since its inception was -85.76%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for WGMI and BFJL.

Drawdown Indicators

	WGMI	BFJL	Difference
Max Drawdown Largest peak-to-trough decline	-85.76%	-21.27%	-64.49%
Max Drawdown (1Y) Largest decline over 1 year	-50.94%	-21.27%	-29.67%
Max Drawdown (3Y) Largest decline over 3 years	-62.79%	—	—
Current Drawdown Current decline from peak	-26.49%	-18.13%	-8.36%
Average Drawdown Average peak-to-trough decline	-42.12%	-12.65%	-29.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.62%	15.23%	+10.39%

Volatility

WGMI vs. BFJL - Volatility Comparison

CoinShares Bitcoin Miners ETF (WGMI) has a higher volatility of 20.44% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 2.80%. This indicates that WGMI's price experiences larger fluctuations and is considered to be riskier than BFJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WGMI	BFJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.44%	2.80%	+17.64%
Volatility (6M) Calculated over the trailing 6-month period	55.79%	6.98%	+48.81%
Volatility (1Y) Calculated over the trailing 1-year period	77.46%	13.24%	+64.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.47%	13.29%	+68.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.47%	13.29%	+68.18%

WGMI vs. BFJL - Expense Ratio Comparison

WGMI has a 0.75% expense ratio, which is lower than BFJL's 0.90% expense ratio.

Dividends

WGMI vs. BFJL - Dividend Comparison

WGMI has not paid dividends to shareholders, while BFJL's dividend yield for the trailing twelve months is around 1.40%.

Position	TTM	2025	2024	2023
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.40%	1.35%	0.00%	0.00%
WGMI CoinShares Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%

Frequently Asked Questions

Can I hold both WGMI and BFJL in my portfolio?

WGMI and BFJL have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WGMI or BFJL?

WGMI has higher volatility (20.44%) compared to BFJL (2.80%). In terms of maximum drawdown, WGMI dropped -85.76% vs BFJL's -21.27%.

Which ETF is better, WGMI or BFJL?

On 1-year performance, WGMI leads with 111.58% vs -14.57% for BFJL. On fees, WGMI is cheaper at 0.75% per year. On volatility, BFJL has been the lower-risk option at 2.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WGMI or BFJL?

Over the 1-year period, WGMI has performed better with a 111.58% return vs -14.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WGMI or BFJL?

WGMI is cheaper with a 0.75% expense ratio, compared with 0.90% for BFJL.

Which ETF pays a higher dividend yield, WGMI or BFJL?

BFJL has the higher dividend yield at 1.40%, compared with 0.00% for WGMI.

What is the main difference between WGMI and BFJL?

WGMI is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: CoinShares and First Trust. Their fees differ too: 0.75% for WGMI and 0.90% for BFJL.

Which has better risk-adjusted returns?

WGMI currently has the higher Sharpe Ratio (1.45 vs -1.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.