BITU vs. CRPT
BITU (Proshares Ultra Bitcoin ETF) and CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) are both exchange-traded funds - BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross, while CRPT is a Technology Equities fund actively managed by First Trust. BITU is passively managed, while CRPT is actively managed. Over the past year, BITU returned -73.89% vs -34.00% for CRPT. A 0.80 correlation means they provide meaningful diversification when combined. BITU charges 0.95%/yr vs 0.85%/yr for CRPT.
Performance
BITU vs. CRPT - Performance Comparison
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Returns By Period
In the year-to-date period, BITU achieves a -55.56% return, which is significantly lower than CRPT's -12.33% return.
BITU
- 1D
- -5.61%
- 1M
- -40.78%
- YTD
- -55.56%
- 6M
- -61.06%
- 1Y
- -73.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRPT
- 1D
- 0.23%
- 1M
- -16.12%
- YTD
- -12.33%
- 6M
- -24.87%
- 1Y
- -34.00%
- 3Y*
- 39.51%
- 5Y*
- —
- 10Y*
- —
BITU vs. CRPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | -55.56% | -37.07% | 37.90% |
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | -12.33% | -9.54% | 32.43% |
Correlation
The correlation between BITU and CRPT is 0.86, 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 | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024 | 0.80 |
The correlation between BITU and CRPT has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.
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Return for Risk
BITU vs. CRPT — Risk / Return Rank
BITU
CRPT
BITU vs. CRPT - Risk-Adjusted Trends 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.
| BITU | CRPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.93 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -0.60 | -0.32 |
| Martin ratioReturn relative to average drawdown | -1.48 | -1.06 | -0.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BITU | CRPT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.85 | -0.59 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | -0.09 | -0.27 |
Drawdowns
BITU vs. CRPT - Drawdown Comparison
The maximum BITU drawdown since its inception was -80.13%, 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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Drawdown Indicators
| BITU | CRPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.13% | -88.34% | +8.21% |
Max Drawdown (1Y)Largest decline over 1 year | -80.13% | -56.46% | -23.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -56.46% | — |
Current DrawdownCurrent decline from peak | -80.13% | -49.12% | -31.01% |
Average DrawdownAverage peak-to-trough decline | -34.58% | -52.64% | +18.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.09% | 32.26% | +17.83% |
Volatility
BITU vs. CRPT - Volatility Comparison
Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 18.31% compared to First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) at 13.14%. This indicates that BITU's price experiences larger fluctuations and is considered to be riskier than CRPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITU | CRPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.31% | 13.14% | +5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 68.43% | 45.70% | +22.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.07% | 57.39% | +29.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.43% | 72.72% | +24.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.43% | 72.72% | +24.71% |
BITU vs. CRPT - Expense Ratio Comparison
BITU has a 0.95% expense ratio, which is higher than CRPT's 0.85% expense ratio.
Dividends
BITU vs. CRPT - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 88.31%, more than CRPT's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 88.31% | 50.23% | 0.12% | 0.00% | 0.00% | 0.00% |
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 0.86% | 0.75% | 1.84% | 0.00% | 0.03% | 1.16% |
Frequently Asked Questions
BITU and CRPT have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITU has higher volatility (18.31%) compared to CRPT (13.14%). In terms of maximum drawdown, BITU dropped -80.13% vs CRPT's -88.34%.
On 1-year performance, CRPT leads with -34.00% vs -73.89% for BITU. On fees, CRPT is cheaper at 0.85% per year. On volatility, CRPT has been the lower-risk option at 13.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CRPT has performed better with a -34.00% return vs -73.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CRPT is cheaper with a 0.85% expense ratio, compared with 0.95% for BITU.
BITU has the higher dividend yield at 88.31%, compared with 0.86% for CRPT.
BITU is categorized as Cryptocurrency, while CRPT is Technology Equities. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.95% for BITU and 0.85% for CRPT.
CRPT currently has the higher Sharpe Ratio (-0.59 vs -0.85), 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.
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