WGMI vs. BFOC

Last updated Aug 5, 2026

WGMI (CoinShares Bitcoin Miners ETF) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - WGMI is a Cryptocurrency fund actively managed by CoinShares, while BFOC is a Defined Outcome fund actively managed by First Trust. Both are actively managed. Their 0.49 correlation means their historical movements had little consistent relationship. WGMI charges 0.75%/yr vs 0.90%/yr for BFOC.

Performance

WGMI vs. BFOC - 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 - October (BFOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WGMI achieves a 37.84% return, which is significantly higher than BFOC's -6.82% 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%

BFOC

• 1D: -0.03%
• 1M: 0.09%
• 6M: -3.48%
• YTD: -6.82%
• 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	$37.66K	$47.54K	$63.36K
WGMI CoinShares Bitcoin Miners ETF	$36.71M	$32.23M	$41.00M

WGMI vs. BFOC - Yearly Performance Comparison

	2026 (YTD)	2025
WGMI CoinShares Bitcoin Miners ETF	37.84%	-13.49%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-6.82%	-9.75%

Correlation

The correlation between WGMI and BFOC is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.49

Return for Risk

WGMI vs. BFOC — Risk / Return Rank

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

WGMI

WGMI Risk / Return Rank: 47
WGMI Sharpe Ratio Rank: 48
WGMI Sortino Ratio Rank: 51
WGMI Omega Ratio Rank: 46
WGMI Calmar Ratio Rank: 56
WGMI Martin Ratio Rank: 38

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.

WGMI vs. BFOC - 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 - 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.

	WGMI	BFOC	Difference
Sharpe ratio: Return per unit of total volatility	1.36	—	—
Sortino ratio: Return per unit of downside risk	2.04	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.22	—	—
Martin ratio: Return relative to average drawdown	4.28	—	—

Drawdowns

WGMI vs. BFOC - Drawdown Comparison

The maximum WGMI drawdown since its inception was -85.76%, which is greater than BFOC's maximum drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for WGMI and BFOC.

Drawdown Indicators

	WGMI	BFOC	Difference
Max Drawdown Largest peak-to-trough decline	-85.76%	-18.41%	-67.35%
Max Drawdown (1Y) Largest decline over 1 year	-50.94%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-62.79%	—	—
Current Drawdown Current decline from peak	-26.84%	-17.69%	-9.15%
Average Drawdown Average peak-to-trough decline	-41.94%	-13.54%	-28.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.39%	—	—

Volatility

Volatility by Period

	WGMI	BFOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	61.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	83.08%	11.66%	+71.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.40%	11.66%	+70.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.40%	11.66%	+70.74%

WGMI vs. BFOC - Expense Ratio Comparison

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

Dividends

WGMI vs. BFOC - Dividend Comparison

Neither WGMI nor BFOC has 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%
WGMI CoinShares Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%

Frequently Asked Questions

Can I hold both WGMI and BFOC in my portfolio?

WGMI and BFOC have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WGMI or BFOC?

On fees, WGMI is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WGMI or BFOC?

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

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

WGMI and BFOC have nearly identical dividend yields, around 0.00%.

What is the main difference between WGMI and BFOC?

WGMI is categorized as Cryptocurrency, while BFOC 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 BFOC.