BITQ vs. CRPT

Last updated Jul 15, 2026

BITQ (Bitwise Crypto Industry Innovators ETF) and CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) are both exchange-traded funds - BITQ is a Blockchain fund tracking the Bitwise Crypto Innovators 30 Index, while CRPT is a Technology Equities fund actively managed by First Trust. BITQ is passively managed, while CRPT is actively managed. Over the past 3 years, BITQ returned 31.35%/yr vs 15.46%/yr for CRPT. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.85% expense ratio.

Performance

BITQ vs. CRPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Crypto Industry Innovators ETF (BITQ) and First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITQ achieves a 18.26% return, which is significantly higher than CRPT's -19.39% return.

BITQ

• 1D: 1.68%
• 1M: -11.99%
• 6M: -0.04%
• YTD: 18.26%
• 1Y: 10.66%
• 3Y*: 31.35%
• 5Y*: 4.48%
• 10Y*: —

CRPT

• 1D: 3.42%
• 1M: -9.02%
• 6M: -31.52%
• YTD: -19.39%
• 1Y: -51.09%
• 3Y*: 15.46%
• 5Y*: —
• 10Y*: —

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

BITQ vs. CRPT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BITQ Bitwise Crypto Industry Innovators ETF	18.26%	18.00%	46.97%	246.83%	-83.86%	-4.34%
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF	-19.39%	-9.54%	75.29%	193.86%	-80.84%	-9.59%

Correlation

The correlation between BITQ and CRPT is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021	0.93

The correlation between BITQ and CRPT shifts across timeframes, from 0.83 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

BITQ vs. CRPT - Sectors Allocation Comparison

Sectors	BITQ	CRPT
Financial Services	71.6%	62.0%
Technology	25.5%	26.7%
Consumer Cyclical	2.9%	11.2%
Basic Materials	-	-
Communication Services	-	4.3%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

BITQ vs. CRPT — Risk / Return Rank

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

BITQ

BITQ Risk / Return Rank: 13
BITQ Sharpe Ratio Rank: 12
BITQ Sortino Ratio Rank: 16
BITQ Omega Ratio Rank: 15
BITQ Calmar Ratio Rank: 12
BITQ Martin Ratio Rank: 12

CRPT

CRPT Risk / Return Rank: 2
CRPT Sharpe Ratio Rank: 2
CRPT Sortino Ratio Rank: 3
CRPT Omega Ratio Rank: 3
CRPT Calmar Ratio Rank: 1
CRPT Martin Ratio Rank: 2

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.

BITQ vs. CRPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) and First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BITQ	CRPT	Difference
Sharpe ratio: Return per unit of total volatility	0.19	-0.87	+1.06
Sortino ratio: Return per unit of downside risk	0.67	-1.28	+1.95
Omega ratio: Gain probability vs. loss probability	1.08	0.85	+0.22
Calmar ratio: Return relative to maximum drawdown	0.24	-0.91	+1.15
Martin ratio: Return relative to average drawdown	0.49	-1.42	+1.90

BITQ vs. CRPT - Sharpe Ratio Comparison

The current BITQ Sharpe Ratio is 0.19, which is higher than the CRPT Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of BITQ and CRPT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BITQ vs. CRPT - Drawdown Comparison

The maximum BITQ drawdown since its inception was -90.32%, roughly equal to the maximum CRPT drawdown of -88.34%. Use the drawdown chart below to compare losses from any high point for BITQ and CRPT.

Drawdown Indicators

	BITQ	CRPT	Difference
Max Drawdown Largest peak-to-trough decline	-90.32%	-88.34%	-1.98%
Max Drawdown (1Y) Largest decline over 1 year	-44.99%	-56.46%	+11.47%
Max Drawdown (3Y) Largest decline over 3 years	-51.22%	-56.46%	+5.24%
Max Drawdown (5Y) Largest decline over 5 years	-90.32%	—	—
Current Drawdown Current decline from peak	-27.30%	-53.21%	+25.91%
Average Drawdown Average peak-to-trough decline	-52.23%	-52.57%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.02%	36.04%	-14.02%

Volatility

BITQ vs. CRPT - Volatility Comparison

The current volatility for Bitwise Crypto Industry Innovators ETF (BITQ) is 12.18%, while First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a volatility of 16.06%. This indicates that BITQ experiences smaller price fluctuations and is considered to be less risky than CRPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITQ	CRPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.18%	16.06%	-3.88%
Volatility (6M) Calculated over the trailing 6-month period	42.48%	46.99%	-4.51%
Volatility (1Y) Calculated over the trailing 1-year period	57.13%	58.67%	-1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.31%	72.48%	-5.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.04%	72.48%	-5.44%

BITQ vs. CRPT - Expense Ratio Comparison

Both BITQ and CRPT have an expense ratio of 0.85%.

Dividends

BITQ vs. CRPT - Dividend Comparison

BITQ has not paid dividends to shareholders, while CRPT's dividend yield for the trailing twelve months is around 0.93%.

Position	TTM	2025	2024	2023	2022	2021
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF	0.93%	0.75%	1.84%	0.00%	0.03%	1.16%

Frequently Asked Questions

Can I hold both BITQ and CRPT in my portfolio?

BITQ and CRPT have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITQ or CRPT?

CRPT has higher volatility (16.06%) compared to BITQ (12.18%). In terms of maximum drawdown, BITQ dropped -90.32% vs CRPT's -88.34%.

Which ETF is better, BITQ or CRPT?

On 3-year performance, BITQ leads with 31.35% vs 15.46% for CRPT. Both ETFs have the same 0.85% expense ratio. On volatility, BITQ has been the lower-risk option at 12.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITQ or CRPT?

Over the 3-year period, BITQ has performed better with a 31.35% return vs 15.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITQ or CRPT?

BITQ and CRPT have the same expense ratio: 0.85% per year.

Which ETF pays a higher dividend yield, BITQ or CRPT?

CRPT has the higher dividend yield at 0.93%, compared with 0.00% for BITQ.

What is the main difference between BITQ and CRPT?

BITQ is categorized as Blockchain, while CRPT is Technology Equities. They also come from different issuers: Bitwise and First Trust.

Which has better risk-adjusted returns?

BITQ currently has the higher Sharpe Ratio (0.19 vs -0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.