WGMI vs. BFJL
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 tracking the iShares Bitcoin Trust ETF (IBIT). WGMI is actively managed, while BFJL is passively managed. Over the past year, WGMI returned 112.44% vs -14.44% for BFJL. Their 0.47 correlation means their historical movements had little consistent relationship. WGMI charges 0.75%/yr vs 0.90%/yr for BFJL.
Performance
WGMI vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, WGMI achieves a 37.84% return, which is significantly higher than BFJL's -4.36% return.
WGMI
- 1D
- -3.65%
- 1M
- -0.83%
- 6M
- 16.45%
- YTD
- 37.84%
- 1Y
- 112.44%
- 3Y*
- 55.05%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.03%
BFJL
- 1D
- 0.17%
- 1M
- 2.15%
- 6M
- 0.07%
- YTD
- -4.36%
- 1Y
- -14.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.78K | $8.05K | $4.98K | |
| $36.71M | $32.23M | $41.00M |
WGMI vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WGMI CoinShares Bitcoin Miners ETF | 37.84% | 68.29% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -4.36% | -7.43% |
Correlation
The correlation between WGMI and BFJL is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.47 |
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Return for Risk
WGMI vs. BFJL — Risk / Return Rank
WGMI
BFJL
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 ratioReturn per unit of total volatility | +2.46 | ||
| Sortino ratioReturn per unit of downside risk | +3.51 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.82 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | -0.68 | +2.90 |
| Martin ratioReturn relative to average drawdown | 4.28 | -0.91 | +5.19 |
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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.
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Drawdown Indicators
| WGMI | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -26.84% | -18.37% | -8.47% |
Average DrawdownAverage peak-to-trough decline | -41.94% | -12.94% | -29.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.39% | 15.83% | +10.56% |
Volatility
WGMI vs. BFJL - Volatility Comparison
CoinShares Bitcoin Miners ETF (WGMI) has a higher volatility of 34.06% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.38%. 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.
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Volatility by Period
| WGMI | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.06% | 3.38% | +30.68% |
Volatility (6M)Calculated over the trailing 6-month period | 61.51% | 5.11% | +56.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.08% | 13.19% | +69.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.40% | 13.13% | +69.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.40% | 13.13% | +69.27% |
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 1.41%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.41% | 1.35% | 0.00% | 0.00% |
WGMI CoinShares Bitcoin Miners ETF | 0.00% | 0.00% | 0.22% | 0.31% |
Frequently Asked Questions
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.
WGMI has higher volatility (34.06%) compared to BFJL (3.38%). In terms of maximum drawdown, WGMI dropped -85.76% vs BFJL's -21.27%.
On 1-year performance, WGMI leads with 112.44% vs -14.44% for BFJL. On fees, WGMI is cheaper at 0.75% per year. On volatility, BFJL has been the lower-risk option at 3.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WGMI has performed better with a 112.44% return vs -14.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WGMI is cheaper with a 0.75% expense ratio, compared with 0.90% for BFJL.
BFJL has the higher dividend yield at 1.41%, compared with 0.00% for WGMI.
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.
WGMI currently has the higher Sharpe Ratio (1.36 vs -1.10), 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.
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