Correlation
The correlation between BITU and CRPT is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
BITU vs. CRPT
Compare and contrast key facts about Proshares Ultra Bitcoin ETF (BITU) and First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT).
BITU and CRPT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITU is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index - Benchmark TR Gross. It was launched on Apr 1, 2024. 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: BITU or CRPT.
Performance
BITU vs. CRPT - Performance Comparison
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Key characteristics
BITU:
0.43
CRPT:
0.65
BITU:
1.35
CRPT:
1.36
BITU:
1.16
CRPT:
1.15
BITU:
0.84
CRPT:
0.69
BITU:
1.56
CRPT:
1.82
BITU:
29.89%
CRPT:
23.93%
BITU:
105.81%
CRPT:
75.98%
BITU:
-55.28%
CRPT:
-88.34%
BITU:
-20.71%
CRPT:
-27.78%
Returns By Period
In the year-to-date period, BITU achieves a 6.46% return, which is significantly lower than CRPT's 12.57% return.
BITU
6.46%
13.85%
-6.22%
50.72%
N/A
N/A
N/A
CRPT
12.57%
15.48%
-7.81%
53.89%
37.77%
N/A
N/A
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BITU vs. CRPT - Expense Ratio Comparison
BITU has a 0.95% expense ratio, which is higher than CRPT's 0.85% expense ratio.
Risk-Adjusted Performance
BITU vs. CRPT — Risk-Adjusted Performance Rank
BITU
CRPT
BITU vs. CRPT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) 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
BITU vs. CRPT - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 4.07%, more than CRPT's 1.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 4.07% | 0.12% | 0.00% | 0.00% | 0.00% |
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 1.64% | 1.84% | 0.00% | 0.03% | 1.16% |
Drawdowns
BITU vs. CRPT - Drawdown Comparison
The maximum BITU drawdown since its inception was -55.28%, smaller than the maximum CRPT drawdown of -88.34%. Use the drawdown chart below to compare losses from any high point for BITU and CRPT.
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Volatility
BITU vs. CRPT - Volatility Comparison
The current volatility for Proshares Ultra Bitcoin ETF (BITU) is 18.68%, while First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a volatility of 22.74%. This indicates that BITU 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.
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