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BFJA vs CPRO

FT Vest Bitcoin Strategy Floor15 ETF - January

BFJAFNYSE Arca

Calamos Russell 2000 Structured Alt Protection ETF – October

CPROANYSE Arca

Overlap

Expense ratio

CPRO −0.21pt a year

BFJA0.90%CPRO0.69%

Avg volume · 30D

CPRO 9.0×the volume

BFJA559CPRO5.02K

BFJA vs CPRO Performance

Jul 31, 2026 – Nov 2, 2026

+4.7%BFJA+1.7%CPRO

Jul 31, 2026 to Nov 2, 2026. BFJA +4.7%. CPRO +1.7%. Use the arrow keys to read each point.0%7.5%10%12.5%Jul 2026Sep 2026Nov 2026
Expense ratio
BFJA 0.90%
CPRO 0.69%, better
Fund size
BFJA $1M
CPRO $27M
1Y total return
BFJA No data
CPRO +7.4%
Holdings
BFJA 4
CPRO 3
Avg volume (30D)
BFJA 559 sh
CPRO 5.02K sh, better
NAV per share
BFJA $17.98
CPRO $28.83
52W range

ETF.net Grade

BFJA: Cost 24, Risk 24, Mission not scored, Tradability 6, Holdings 57, Durability 38. CPRO: Cost 78, Risk 86, Mission 88, Tradability 70, Holdings not scored, Durability 65.
Pillar letters and Scores for BFJA, CPRO, with each pillar’s weight
PillarBFJACPRO
Cost30% weightF24A78Higher
Mission25% weightNot scoredA88
Risk15% weightF24A86Higher
Tradability15% weightF6A70Higher
Holdings10% weightB57Not scored
Durability5% weightD38B65Higher

Rank among Other Floor Protected funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BFJA and CPRO are both graded against the same 18 Other Floor Protected funds, so their Grades compare head to head.

Other Floor Protected⁠

Category · 18 funds
See all 18 ›

CPRO ranks 2nd and BFJA 16th of 18 funds in the Other Floor Protected Category.

  1. Rank 1ACPRYCalamos Russell 2000 Structured Alt Protection ETF – JanuaryScore 78
  2. Rank 2ACPROCalamos Russell 2000 Structured Alt Protection ETF – OctoberScore 76
  3. Rank 3AISWNAmplify BlackSwan ISWN ETF (International)Score 74
  4. Rank 15FKBUFKraneShares 90% KWEB Defined Outcome January 2027 ETFScore 24
  5. Rank 16FBFJAFT Vest Bitcoin Strategy Floor15 ETF - JanuaryScore 20
  6. Rank 17FKPROKraneShares 100% KWEB Defined Outcome January 2027 ETFScore 19

Our read on each fund

ETF.net Research

BFJAFFT Vest Bitcoin Strategy Floor15 ETF - January

CPROACalamos Russell 2000 Structured Alt Protection ETF – October

In short

BFJA Defined-outcome funds usually tame the stock market. BFJA points the same machinery at bitcoin: one-year outcome periods that limit participation in the reference asset's losses to 15%, in exchange for a capped upside, re-struck each January.

CPRO Small-cap exposure without small-cap drawdowns: CPRO tracks the Russell 2000 and aims to shield 100% of capital across each one-year outcome period, trading away upside above a preset cap.

Stated mandate

BFJA The fund seeks returns matching the price return of a reference asset designed to generally reflect bitcoin’s price, subject to a 28.06% upside cap and a maximum 15% loss exposure over January 12, 2026–January 8, 2027.

CPRO The ETF seeks to provide Russell 2000 exposure with defined upside participation while protecting 100% of capital from losses over the one-year outcome period.

Why people hold it

  • BFJA The floor is the whole design. Across each one-year outcome period, the fund takes at most 15% of the Bitcoin Reference Instrument's decline, before fees.
  • Bitcoin exposure arrives in an ETF wrapper tracking an index built to reflect bitcoin's price. No exchange account, no wallet, no keys to lose.
  • Terms reset every January: a fresh cap struck at then-current pricing, and the 15% floor starts over.
  • At 0.90%, the fee sits about where the defined-outcome floor group prices this kind of engineering.
  • CPRO Full armor, not a partial buffer: the design targets 100% downside protection over the one-year outcome period, versus the 9% or 15% slices typical of buffer funds.calamos.com
  • At 0.69%, it undercuts the typical fee in its downside-protection peer group, including RFLR, the other fund built on the same Russell 2000 floor idea.
  • Calamos brought the first 100% one-year protected Russell 2000 ETF to market, and CPRO is the October vintage; CPRY and CPRJ start their years in January and July.calamos.comprnewswire.com
  • A plain 1940 Act ETF you trade in a brokerage account, not a structured note bought through a bank.calamos.com

Worth knowing

  • BFJA The floor is paid for with a ceiling. Upside is capped for each outcome period, and cap and floor are pre-fee figures, so the 0.90% expense ratio comes out of the result.
  • The math is built around holding from one January reset to the next. Enter or exit mid-period and you get whatever the cap and floor are worth that day.
  • Launched in 2026, it is one of the newer and less-traded names in the floor group, so spreads are worth a look. Equity-based peers CPRY (0.69%) and FLJJ (0.74%) cost less.
  • CPRO The cap is the price of the floor. It resets each October, applies before the 0.69% fee, and a big small-cap year gets trimmed to that ceiling.calamos.com
  • The math is built around holding the full October-to-September period. Buy mid-period and you inherit whatever cap and protection level remain.calamos.com
  • Small and thinly traded, so use limit orders. The options structure also isn't designed to produce an income stream.

Full BFJA profile⁠

Full CPRO profile⁠

BFJA vs CPRO Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BFJA vs CPRO Cost

Overpaying BFJA vs CPRO

$3,611

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

  • BFJA 0.90%

    $17,040

  • CPRO 0.69%

    $13,429

$10,000
30 years

Cost over time

  • BFJA 0.90%
  • CPRO 0.69%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BFJA $17,040CPRO $13,429

Year by year

YearBFJACPROOverpaying
10$1,593$1,232$361
20$6,015$4,697$1,318
30$17,040$13,429$3,611

Expense ratio

  • 0.90%BFJA
  • 0.69%CPRO, cheaper
  • Middle half of Other Floor Protected funds
  • Median 0.79%

CPRO 2nd cheapest of 18 funds

BFJA 11th cheapest of 18 funds

BFJA vs CPRO Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
BFJA No data
CPRO None
Last payment
BFJA $0.54
CPRO No data
Ex-dividend
BFJA Nov 2, 2026
CPRO No data
Paid on
BFJA Pays Nov 3, 2026
CPRO No data
Frequency
BFJA Irregular
CPRO No data

Distribution history

Per share, 2026, same scale for both

BFJAIrregular · 1 paymentAll BFJA payments⁠
One bar per payment. 1 payment in 2026 YTD. Nov 2, 2026 $0.54. Use the arrow keys to read each point.$0$0.502026YTD
CPROAll CPRO payments⁠

No distribution history available.

BFJA vs CPRO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BFJA No dataCPRO 3.8%since Nov 2024
Return per unit of riskSharpe ratio, 3 years
BFJA No dataCPRO 0.94since Nov 2024
Worst fallMax drawdown, 5 years
BFJA No dataCPRO −3.3%since Oct 2024
Market sensitivityBeta, 5 years
BFJA 0.36CPRO 0.21

Popular comparisons

  • BFJAFvsCPRYA

    FT Vest Bitcoin Strategy Floor15 ETF - January · Calamos Russell 2000 Structured Alt Protection ETF – January

    Expense ratio
    0.90% · 0.69%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CPROAvsCPRYA

    Calamos Russell 2000 Structured Alt Protection ETF – October · Calamos Russell 2000 Structured Alt Protection ETF – January

    Expense ratio
    0.69% · 0.69%
    Category
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  • BFJAFvsISWNA

    FT Vest Bitcoin Strategy Floor15 ETF - January · Amplify BlackSwan ISWN ETF (International)

    Expense ratio
    0.90% · 0.49%
    Category
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  • CPROAvsISWNA

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    Expense ratio
    0.69% · 0.49%
    Category
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  • BFJAFvsCPRJA

    FT Vest Bitcoin Strategy Floor15 ETF - January · Calamos Russell 2000 Structured Alt Protection ETF – July

    Expense ratio
    0.90% · 0.69%
    Category
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  • CPROAvsCPRJA

    Calamos Russell 2000 Structured Alt Protection ETF – October · Calamos Russell 2000 Structured Alt Protection ETF – July

    Expense ratio
    0.69% · 0.69%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.