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.
Correlation
The correlation between BITU and CRPT is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BITU vs. CRPT - Performance Comparison
Key characteristics
BITU:
108.07%
CRPT:
74.90%
BITU:
-55.23%
CRPT:
-88.34%
BITU:
-41.73%
CRPT:
-48.98%
Returns By Period
In the year-to-date period, BITU achieves a -21.76% return, which is significantly lower than CRPT's -20.48% return.
BITU
-21.76%
-2.11%
66.53%
7.89%
N/A
N/A
CRPT
-20.48%
-4.53%
13.27%
5.31%
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.
Not enough dataDividends
BITU vs. CRPT - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 5.58%, more than CRPT's 2.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 5.58% | 0.12% | 0.00% | 0.00% | 0.00% |
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 2.32% | 1.84% | 0.00% | 0.03% | 1.16% |
Drawdowns
BITU vs. CRPT - Drawdown Comparison
The maximum BITU drawdown since its inception was -55.23%, 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. For additional features, visit the drawdowns tool.
Volatility
BITU vs. CRPT - Volatility Comparison
Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 34.31% compared to First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) at 24.20%. 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.