Skip to content
etf.net

BFOC vs CPRO

FT Vest Bitcoin Strategy Floor15 ETF - October

BFOCDNYSE Arca

Calamos Russell 2000 Structured Alt Protection ETF – October

CPROANYSE Arca

Overlap

0.0%by weight

Expense ratio

CPRO −0.21pt a year

BFOC0.90%CPRO0.69%

Avg volume · 30D

BFOC 1.4×the volume

BFOC7.23KCPRO5.02K

BFOC vs CPRO Performance

Oct 31, 2025 – Oct 30, 2026

−16.2%BFOC+7.3%CPRO

Oct 31, 2025 to Oct 30, 2026. BFOC −16.2%. CPRO +7.3%. Use the arrow keys to read each point.−10%−5%0%Oct 2025Apr 2026Oct 2026
Expense ratio
BFOC 0.90%
CPRO 0.69%, better
Fund size
BFOC $2M
CPRO $27M
1Y total return
BFOC −16.2%
CPRO +7.3%, better
Holdings
BFOC 5
CPRO 3
Avg volume (30D)
BFOC 7.23K sh, better
CPRO 5.02K sh
NAV per share
BFOC $16.46
CPRO $28.89
52W range

ETF.net Grade

BFOC: Cost 24, Risk 22, Mission not scored, Tradability 56, Holdings 63, Durability 43. CPRO: Cost 78, Risk 86, Mission 88, Tradability 70, Holdings not scored, Durability 63.
Pillar letters and Scores for BFOC, CPRO, with each pillar’s weight
PillarBFOCCPRO
Cost30% weightF24A78Higher
Mission25% weightNot scoredA88
Risk15% weightF22A86Higher
Tradability15% weightB56A70Higher
Holdings10% weightB63Not scored
Durability5% weightC43B63Higher

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. BFOC 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 BFOC 12th 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 11DSNTHMRP SynthEquity ETFScore 37
  5. Rank 12DBFOCFT Vest Bitcoin Strategy Floor15 ETF - OctoberScore 32
  6. Rank 13DBFJLFT Vest Bitcoin Strategy Floor15 ETF - JulyScore 28

Our read on each fund

ETF.net Research

BFOCDFT Vest Bitcoin Strategy Floor15 ETF - October

CPROACalamos Russell 2000 Structured Alt Protection ETF – October

In short

BFOC Bitcoin 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.

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

BFOC 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.

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

  • BFOC 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.
  • 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

  • BFOC 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.
  • 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 BFOC profile⁠

Full CPRO profile⁠

BFOC vs CPRO Holdings

How BFOC and CPRO differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BFOC and 0.0% of CPRO.

Level by level

  • Holdings0 in both0.0%

Sector

No Sector split for BFOC and CPRO.

Country, concentration and asset class

Country by domicile

No country split for BFOC and CPRO.

Concentration

Weight in the 10 largest Holdings

  • BFOC1355.9%
  • CPRO105.8%

Securities held

  • BFOC4
  • CPRO0

Asset class

BFOC
Multi-Asset
CPRO
Equity

Holdings

  • Only in BFOC4
  • In both0
  • Only in CPRO0

Only in BFOC

4 securities, 100% of BFOC by weight

  • 2027-10-08 S&P 500® Mini Index P 3,060.601334.55%
  • 2027-10-08 iShares Bitcoin Trust ETF P 40.2410.12%
  • 2027-10-08 iShares Bitcoin Trust ETF C 54.449.07%

Only in CPRO

0 securities, 0.0% of CPRO by weight

Weight gaps

BFOC and CPRO share no securities.

All 8 BFOC holdings⁠All 5 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.

BFOC vs CPRO Cost

Overpaying BFOC vs CPRO

$3,611

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

  • BFOC 0.90%

    $17,040

  • CPRO 0.69%

    $13,429

$10,000
30 years

Cost over time

  • BFOC 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$20K051015202530BFOC $17,040CPRO $13,429

Year by year

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

Expense ratio

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

CPRO 2nd cheapest of 18 funds

BFOC 11th cheapest of 18 funds

BFOC vs CPRO Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
BFOC None
CPRO None

Distribution history

BFOCAll BFOC payments⁠

No distribution history available.

CPROAll CPRO payments⁠

No distribution history available.

BFOC vs CPRO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BFOC 8.0%since Nov 2025CPRO 3.8%since Nov 2024
Return per unit of riskSharpe ratio, 3 years
BFOC −2.62since Nov 2025CPRO 0.94since Nov 2024
Worst fallMax drawdown, 5 years
BFOC −20.4%since Oct 2025CPRO −3.3%since Oct 2024
Market sensitivityBeta, 5 years
BFOC 0.05CPRO 0.21

Popular comparisons

  • BFOCDvsCPRYA

    FT Vest Bitcoin Strategy Floor15 ETF - October · 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
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BFOCDvsISWNA

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

    Expense ratio
    0.90% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CPROAvsISWNA

    Calamos Russell 2000 Structured Alt Protection ETF – October · Amplify BlackSwan ISWN ETF (International)

    Expense ratio
    0.69% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BFOCDvsCPNSA

    FT Vest Bitcoin Strategy Floor15 ETF - October · Calamos Nasdaq-100 Structured Alt Protection ETF – September

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

  • CPROAvsCPNSA

    Calamos Russell 2000 Structured Alt Protection ETF – October · Calamos Nasdaq-100 Structured Alt Protection ETF – September

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