XRPT vs. BFOC

Last updated Jun 5, 2026

XRPT (Volatility Shares 2x XRP ETF) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - XRPT is a Cryptocurrency fund actively managed by Volatility Shares, 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. XRPT charges 0.94%/yr vs 0.90%/yr for BFOC.

Performance

XRPT vs. BFOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volatility Shares 2x XRP ETF (XRPT) 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, XRPT achieves a -70.47% return, which is significantly lower than BFOC's -7.39% return.

XRPT

• 1D: -4.67%
• 1M: -33.40%
• YTD: -70.47%
• 6M: -78.42%
• 1Y: -88.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFOC

• 1D: 0.00%
• 1M: -3.29%
• YTD: -7.39%
• 6M: -9.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRPT vs. BFOC - Yearly Performance Comparison

	2026 (YTD)	2025
XRPT Volatility Shares 2x XRP ETF	-70.47%	-69.82%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-7.39%	-9.76%

Correlation

The correlation between XRPT 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 Oct 2, 2025	0.82

Return for Risk

XRPT vs. BFOC — Risk / Return Rank

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

XRPT

XRPT Risk / Return Rank: 3
XRPT Sharpe Ratio Rank: 4
XRPT Sortino Ratio Rank: 3
XRPT Omega Ratio Rank: 3
XRPT Calmar Ratio Rank: 1
XRPT Martin Ratio Rank: 3

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.

XRPT vs. BFOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x XRP ETF (XRPT) 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.

	XRPT	BFOC	Difference
Sharpe ratio: Return per unit of total volatility	-0.59	—	—
Sortino ratio: Return per unit of downside risk	-1.02	—	—
Omega ratio: Gain probability vs. loss probability	0.89	—	—
Calmar ratio: Return relative to maximum drawdown	-0.93	—	—
Martin ratio: Return relative to average drawdown	-1.25	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XRPT	BFOC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.60	-1.87	+1.27

Drawdowns

XRPT vs. BFOC - Drawdown Comparison

The maximum XRPT drawdown since its inception was -95.02%, which is greater than BFOC's maximum drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for XRPT and BFOC.

Drawdown Indicators

	XRPT	BFOC	Difference
Max Drawdown Largest peak-to-trough decline	-95.02%	-18.20%	-76.82%
Max Drawdown (1Y) Largest decline over 1 year	-95.02%	—	—
Current Drawdown Current decline from peak	-95.02%	-18.20%	-76.82%
Average Drawdown Average peak-to-trough decline	-63.11%	-12.55%	-50.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	70.46%	—	—

Volatility

Volatility by Period

	XRPT	BFOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	104.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	150.33%	12.57%	+137.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.19%	12.57%	+136.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.19%	12.57%	+136.62%

XRPT vs. BFOC - Expense Ratio Comparison

XRPT has a 0.94% expense ratio, which is higher than BFOC's 0.90% expense ratio.

Dividends

XRPT vs. BFOC - Dividend Comparison

XRPT's dividend yield for the trailing twelve months is around 5.26%, while BFOC has not paid dividends to shareholders.

Position	TTM	2025
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	0.00%	0.00%
XRPT Volatility Shares 2x XRP ETF	5.26%	1.23%

Frequently Asked Questions

Can I hold both XRPT and BFOC in my portfolio?

XRPT 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, XRPT or BFOC?

On fees, BFOC is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRPT or BFOC?

BFOC is cheaper with a 0.90% expense ratio, compared with 0.94% for XRPT.

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

XRPT has the higher dividend yield at 5.26%, compared with 0.00% for BFOC.

What is the main difference between XRPT and BFOC?

XRPT is categorized as Cryptocurrency, while BFOC is Defined Outcome. They also come from different issuers: Volatility Shares and First Trust. Their fees differ too: 0.94% for XRPT and 0.90% for BFOC.