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Launched

FT Vest Bitcoin Strategy Floor15 ETF - October

BFOCNYSE ArcaFirst TrustD

$16.51+0.08 (+0.46%)

As of Nov 2, 2026, 1:09 PM ET

D32/ 100

Rank 18 of 24 in Other Floor Protected

D32/100Rank 18 of 24inOther Floor Protected
Intraday session: up, 43 prints from 16.43 to 16.51. Range 16.43 to 16.51. Use the arrow keys to read each point.16.4616.4816.5010 AM12 PM2 PM4 PM
Expense ratio
0.90%
Fund size
$2M
1Y total return
−16.2%
Yield · Last 12 months
No data
Holdings
5
Avg volume · 30D
7.23K sh
52W range
low $16.68high $19.61
Launched

The ETF.net BFOC Grade

Based on 5 of 6 pillars

D

Score 32 out of 100

Category
Other Floor Protected⁠
Rank
18 of 24
Six-pillar profile for BFOC. Scores out of 100: Cost 24, Risk 22, Mission not scored, Tradability 56, Holdings 63, Durability 43. Strongest: Holdings (63). Weakest: Risk (22). Based on 5 of 6 pillars.

Score 32 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
32
This cap took
0
Published Score
32 Grade D

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F24 out of 100
    Rank 17 of 24

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F22 out of 100
    Rank 20 of 24

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B56 out of 100
    Rank 12 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B63 out of 100
    Rank 1 of 10

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C43 out of 100
    Rank 19 of 24

Our read on BFOC

ETF.net Research

In short

DBitcoin with a seatbelt. Most funds in the bitcoin-derivatives aisle just amplify or invert the coin; this First Trust/Vest fund absorbs the first 15% of a one-year drop in its bitcoin reference instrument and caps the upside to pay for it. The dial resets each October.

Stated mandate

The Fund seeks to match the price return of a bitcoin-related reference asset, subject to a 28.46% pre-expense upside cap and a maximum 15% participation in reference-asset losses during the current Target Outcome Period.

Why people hold it

  • Defined mechanics, not vibes: over a 12-month outcome period ending each September 30, the fund is built to eat the first 15% of reference-instrument losses in exchange for a preset upside cap.ftportfolios.com
  • At 0.90% a year, it undercuts the typical bitcoin-derivatives fund, including BITO at 0.95% and BHDG and NGHT at 0.97%. Downside shaping usually costs more, not less.
  • A rare posture in this aisle. Peers here deliver bitcoin straight (BITO) or inverted (BITI); this one reshapes the payoff, and it lands among the stronger overall packages in the group.

Worth knowing

  • The cap is the price of the floor. In a runaway bitcoin year, returns stop at the cap set for that outcome period, so the fund is not built to track big rallies point for point.ftportfolios.com
  • The stated 15% cushion and the cap apply to a full outcome period. Shares bought mid-period get whatever protection and upside remain at that moment, which can be very different.ftportfolios.com
  • Small and thinly traded since its 2025 launch, which tends to mean wider bid-ask spreads than the household-name bitcoin funds.

BFOC Holdings

Holdings pillarB63 out of 100Rank 1 of 10 in Other Floor Protected
Asset class
Other
Holdings
5
Top-10 weight
1356%
Largest holding
2027-10-08 S&P 500® Mini Index P 3,060.601334.5%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No data2027-10-08 S&P 500® Mini Index P 3,060.601334.55%101$22M1
2No data2027-10-08 iShares Bitcoin Trust ETF P 40.2410.12%360$167K1
3No data2027-10-08 iShares Bitcoin Trust ETF C 54.449.07%360$149K1
4No dataUS Dollar2.15%35,344$35.3K408
5No data2027-10-08 S&P 500® Mini Index C 2,869.31<0.01%101$7.071

Showing 1–5 of 5 holdings

BFOC Performance

Launched Sep 30, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
BFOC$8,378
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. BFOC $8,378. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BFOC. Periods over one year show the average yearly return.
PeriodBFOC
Year to date−9.8%
1 month−3.6%
3 months−2.6%
1 year−16.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BFOC
YearReturn barBFOC
2026 YTD−9.8%
2025−9.8%

History from Oct 1, 2025

BFOC in the news

BFOC Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

BFOC Risk

Risk pillarF22 out of 100Rank 20 of 24 in Other Floor Protected
How much the fund’s monthly returns vary, scaled to a year.
8.0%
Annualised · 12 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−2.62
vs 3-month T-bills · 12 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−20.4%
12 months · trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.05
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BFOC Cost

Compare BFOC and ISWN

Overpaying vs ISWN, cheapest in Other Floor Protected

$7,248

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BFOC 0.90%

    $17,040

  • ISWN 0.49% Cheapest

    $9,792

$10,000
30 years

Cost over time

  • BFOC 0.90%
  • ISWN 0.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BFOC $17,040ISWN $9,792

Year by year

YearBFOCISWNOverpaying
10$1,593$883$710
20$6,015$3,394$2,621
30$17,040$9,792$7,248

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