BITQ vs. CRPT
Compare and contrast key facts about Bitwise Crypto Industry Innovators ETF (BITQ) and First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT).
BITQ and CRPT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021. CRPT is an actively managed fund by First Trust. It was launched on Sep 20, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITQ or CRPT.
Correlation
The correlation between BITQ and CRPT is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BITQ vs. CRPT - Performance Comparison
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Key characteristics
BITQ:
0.85
CRPT:
0.88
BITQ:
1.59
CRPT:
1.74
BITQ:
1.18
CRPT:
1.20
BITQ:
0.86
CRPT:
1.11
BITQ:
2.55
CRPT:
2.94
BITQ:
22.86%
CRPT:
23.77%
BITQ:
67.31%
CRPT:
75.53%
BITQ:
-90.32%
CRPT:
-88.34%
BITQ:
-49.19%
CRPT:
-29.97%
Returns By Period
In the year-to-date period, BITQ achieves a -1.07% return, which is significantly lower than CRPT's 9.16% return.
BITQ
-1.07%
35.19%
-11.54%
56.47%
N/A
N/A
CRPT
9.16%
40.99%
-3.83%
66.25%
N/A
N/A
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BITQ vs. CRPT - Expense Ratio Comparison
Both BITQ and CRPT have an expense ratio of 0.85%.
Risk-Adjusted Performance
BITQ vs. CRPT — Risk-Adjusted Performance Rank
BITQ
CRPT
BITQ vs. CRPT - Risk-Adjusted Performance 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.
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Dividends
BITQ vs. CRPT - Dividend Comparison
BITQ's dividend yield for the trailing twelve months is around 0.91%, less than CRPT's 1.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
BITQ Bitwise Crypto Industry Innovators ETF | 0.91% | 0.90% | 1.51% | 0.00% | 3.12% |
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 1.69% | 1.84% | 0.00% | 0.03% | 1.16% |
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. For additional features, visit the drawdowns tool.
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Volatility
BITQ vs. CRPT - Volatility Comparison
Bitwise Crypto Industry Innovators ETF (BITQ) and First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) have volatilities of 13.74% and 14.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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