BITC vs FSEP
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF vs FT Vest US Equity Buffer ETF - September
Which is better, BITC or FSEP?
Each has led over a different period.
FSEP has a lower expense ratio. BITC led over 3Y and the full window, FSEP over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BITC | FSEP |
|---|---|---|
| Expense Ratio | 0.88% | 0.85%Best |
| AUM | $14M | $1.4B |
| Dividend Yield | 77.90% | 0.00% |
| Holdings | 3 | 10 |
| YTD Return | +3.13% | +11.52%Best |
| 1Y Return | -7.62% | +14.29%Best |
| 3Y Return (annualized) | +34.02%Best | +15.18% |
| 5Y Return (annualized) | - | +10.70% |
| Volatility (annualized) | 43.6% | 8.0%Best |
| Max Drawdown | -33.2% | -12.4%Best |
| $10,000 over 3.6 years | $23,183Best | $16,669 |
| Fund Family | Bitwise | First Trust Portfolios (US) |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Mar 20, 2023 | Sep 18, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Mar 21, 2023 to Oct 14, 2026 (3.6 years).
BITC vs FSEP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.6 years both funds cover.
BITC vs FSEP Performance
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC) is an ETF from Bitwise and FT Vest US Equity Buffer ETF - September (FSEP) is an ETF from First Trust Portfolios (US). Over the past year BITC returned -7.62% while FSEP returned +14.29%. Year to date, BITC is up 3.13% versus a gain of 11.52% for FSEP.
Over three years, BITC compounded at +34.02% per year against +15.18% for FSEP. Across the full 4-year window we track, BITC has the edge at +26.31% annualized vs +15.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BITC has been the more volatile fund, with annualized monthly volatility of 43.6% compared with 8.0% for FSEP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.2% for BITC and -12.4% for FSEP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.34. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BITC charges 0.88% per year while FSEP charges 0.85%. On a $10,000 position that is $88 vs $85 annually, a gap of $3 per year that compounds over a long holding period. On income, BITC currently yields 77.90% against 0.00% for FSEP.
You are not choosing between two funds in isolation.
Whichever of BITC and FSEP you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BITC or FSEP?
BITC has an expense ratio of 0.88% while FSEP charges 0.85%. FSEP is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, BITC or FSEP?
Over the past year BITC returned -7.62% vs +14.29% for FSEP, so FSEP leads on 1-year performance. Over the longest common window we track (4 years), BITC annualized +26.31% vs +15.25% for FSEP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BITC or FSEP?
BITC has been the more volatile fund at 43.6% annualized versus 8.0% for FSEP. Worst drawdown: BITC -33.2% vs FSEP -12.4%.
Should I hold both BITC and FSEP?
BITC and FSEP have a monthly-return correlation of 0.34, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BITC or FSEP?
BITC yields 77.90% while FSEP yields 0.00%, so BITC currently pays the higher dividend yield.
Is FSEP better than BITC?
FSEP has a lower expense ratio. BITC led over 3Y and the full window, FSEP over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.