BTF vs. CRPT
Compare and contrast key facts about Valkyrie Bitcoin and Ether Strategy ETF (BTF) and First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT).
BTF and CRPT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTF is an actively managed fund by Valkyrie. It was launched on Oct 21, 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: BTF or CRPT.
Performance
BTF vs. CRPT - Performance Comparison
Returns By Period
In the year-to-date period, BTF achieves a 67.04% return, which is significantly lower than CRPT's 95.24% return.
BTF
67.04%
34.27%
4.12%
89.58%
N/A
N/A
CRPT
95.24%
29.85%
41.95%
184.77%
N/A
N/A
Key characteristics
| BTF | CRPT | |
|---|---|---|
| Sharpe Ratio | 1.53 | 2.16 |
| Sortino Ratio | 2.16 | 2.79 |
| Omega Ratio | 1.26 | 1.31 |
| Calmar Ratio | 1.89 | 2.47 |
| Martin Ratio | 4.80 | 9.64 |
| Ulcer Index | 18.66% | 19.16% |
| Daily Std Dev | 58.49% | 85.42% |
| Max Drawdown | -77.50% | -88.34% |
| Current Drawdown | -4.82% | -28.54% |
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BTF vs. CRPT - Expense Ratio Comparison
BTF has a 1.24% expense ratio, which is higher than CRPT's 0.85% expense ratio.
Correlation
The correlation between BTF and CRPT is 0.74, 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.
Risk-Adjusted Performance
BTF vs. CRPT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin and Ether Strategy ETF (BTF) 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.
Dividends
BTF vs. CRPT - Dividend Comparison
BTF's dividend yield for the trailing twelve months is around 10.38%, while CRPT has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BTF Valkyrie Bitcoin and Ether Strategy ETF | 10.38% | 15.98% | 0.00% | 0.00% |
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 0.00% | 0.00% | 0.03% | 1.16% |
Drawdowns
BTF vs. CRPT - Drawdown Comparison
The maximum BTF drawdown since its inception was -77.50%, smaller than the maximum CRPT drawdown of -88.34%. Use the drawdown chart below to compare losses from any high point for BTF and CRPT. For additional features, visit the drawdowns tool.
Volatility
BTF vs. CRPT - Volatility Comparison
The current volatility for Valkyrie Bitcoin and Ether Strategy ETF (BTF) is 20.38%, while First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a volatility of 30.76%. This indicates that BTF 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.