XRPC vs. BFOC

Last updated Jun 4, 2026

XRPC (Canary XRP ETF) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - XRPC is a Cryptocurrency fund actively managed by Canary Capital, while BFOC is a Defined Outcome fund actively managed by First Trust. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. XRPC charges 0.50%/yr vs 0.90%/yr for BFOC.

Performance

XRPC vs. BFOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canary XRP ETF (XRPC) 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, XRPC achieves a -34.29% return, which is significantly lower than BFOC's -7.39% return.

XRPC

• 1D: -1.39%
• 1M: -14.06%
• YTD: -34.29%
• 6M: -45.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFOC

• 1D: -0.24%
• 1M: -2.82%
• YTD: -7.39%
• 6M: -9.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRPC vs. BFOC - Yearly Performance Comparison

	2026 (YTD)	2025
XRPC Canary XRP ETF	-34.29%	-20.79%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-7.39%	-3.61%

Correlation

The correlation between XRPC and BFOC is 0.82, 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 Nov 14, 2025	0.82

Return for Risk

XRPC vs. BFOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canary XRP ETF (XRPC) 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.

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

Sharpe Ratios by Period

	XRPC	BFOC	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.92	-1.88	+0.95

Drawdowns

XRPC vs. BFOC - Drawdown Comparison

The maximum XRPC drawdown since its inception was -48.85%, which is greater than BFOC's maximum drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for XRPC and BFOC.

Drawdown Indicators

	XRPC	BFOC	Difference
Max Drawdown Largest peak-to-trough decline	-48.85%	-18.20%	-30.65%
Current Drawdown Current decline from peak	-48.24%	-18.20%	-30.04%
Average Drawdown Average peak-to-trough decline	-29.50%	-12.52%	-16.98%

Volatility

Volatility by Period

	XRPC	BFOC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	75.88%	12.61%	+63.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.88%	12.61%	+63.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.88%	12.61%	+63.27%

XRPC vs. BFOC - Expense Ratio Comparison

XRPC has a 0.50% expense ratio, which is lower than BFOC's 0.90% expense ratio.

Dividends

XRPC vs. BFOC - Dividend Comparison

Neither XRPC nor BFOC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XRPC and BFOC in my portfolio?

XRPC and BFOC have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRPC or BFOC?

On fees, XRPC is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRPC or BFOC?

XRPC is cheaper with a 0.50% expense ratio, compared with 0.90% for BFOC.

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

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

What is the main difference between XRPC and BFOC?

XRPC is categorized as Cryptocurrency, while BFOC is Defined Outcome. They also come from different issuers: Canary Capital and First Trust. Their fees differ too: 0.50% for XRPC and 0.90% for BFOC.