BTF vs. CRPT
BTF (Valkyrie Bitcoin and Ether Strategy ETF) and CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) are both exchange-traded funds - BTF is a Cryptocurrency fund actively managed by Valkyrie, while CRPT is a Technology Equities fund actively managed by First Trust. Both are actively managed. Over the past 3 years, BTF returned 5.96%/yr vs 32.74%/yr for CRPT. A 0.76 correlation means they provide meaningful diversification when combined. BTF charges 1.24%/yr vs 0.85%/yr for CRPT.
Performance
BTF vs. CRPT - Performance Comparison
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Returns By Period
In the year-to-date period, BTF achieves a -37.72% return, which is significantly lower than CRPT's -14.19% return.
BTF
- 1D
- -3.72%
- 1M
- -18.83%
- YTD
- -37.72%
- 6M
- -37.84%
- 1Y
- -36.03%
- 3Y*
- 5.96%
- 5Y*
- —
- 10Y*
- —
CRPT
- 1D
- -4.17%
- 1M
- -11.05%
- YTD
- -14.19%
- 6M
- -19.90%
- 1Y
- -38.88%
- 3Y*
- 32.74%
- 5Y*
- —
- 10Y*
- —
BTF vs. CRPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTF Valkyrie Bitcoin and Ether Strategy ETF | -37.72% | -12.44% | 67.60% | 136.86% | -63.05% | -29.84% |
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | -14.19% | -9.54% | 75.29% | 193.86% | -80.84% | -20.11% |
Correlation
The correlation between BTF 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 (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2021 | 0.76 |
The correlation between BTF and CRPT shifts across timeframes, from 0.76 (all time) to 0.86 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BTF vs. CRPT — Risk / Return Rank
BTF
CRPT
BTF vs. CRPT - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BTF | CRPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.91 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | -0.69 | +0.10 |
| Martin ratioReturn relative to average drawdown | -1.01 | -1.15 | +0.14 |
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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.
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Drawdown Indicators
| BTF | CRPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.50% | -88.34% | +10.84% |
Max Drawdown (1Y)Largest decline over 1 year | -60.85% | -56.46% | -4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -60.85% | -56.46% | -4.39% |
Current DrawdownCurrent decline from peak | -59.27% | -50.20% | -9.07% |
Average DrawdownAverage peak-to-trough decline | -39.85% | -52.56% | +12.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.81% | 33.85% | +1.96% |
Volatility
BTF vs. CRPT - Volatility Comparison
The current volatility for Valkyrie Bitcoin and Ether Strategy ETF (BTF) is 15.71%, while First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a volatility of 17.83%. 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.
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Volatility by Period
| BTF | CRPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.71% | 17.83% | -2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 39.94% | 46.61% | -6.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.04% | 58.13% | -3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.48% | 72.66% | -14.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.48% | 72.66% | -14.18% |
BTF vs. CRPT - Expense Ratio Comparison
BTF has a 1.24% expense ratio, which is higher than CRPT's 0.85% expense ratio.
Dividends
BTF vs. CRPT - Dividend Comparison
BTF's dividend yield for the trailing twelve months is around 233.68%, more than CRPT's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BTF Valkyrie Bitcoin and Ether Strategy ETF | 233.68% | 146.05% | 52.96% | 15.98% | 0.00% | 0.00% |
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 0.88% | 0.75% | 1.84% | 0.00% | 0.03% | 1.16% |
Frequently Asked Questions
BTF 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.
CRPT has higher volatility (17.83%) compared to BTF (15.71%). In terms of maximum drawdown, BTF dropped -77.50% vs CRPT's -88.34%.
On 3-year performance, CRPT leads with 32.74% vs 5.96% for BTF. On fees, CRPT is cheaper at 0.85% per year. On volatility, BTF has been the lower-risk option at 15.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CRPT has performed better with a 32.74% return vs 5.96%. 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 1.24% for BTF.
BTF has the higher dividend yield at 233.68%, compared with 0.88% for CRPT.
BTF is categorized as Cryptocurrency, while CRPT is Technology Equities. They also come from different issuers: Valkyrie and First Trust. Their fees differ too: 1.24% for BTF and 0.85% for CRPT.
BTF currently has the higher Sharpe Ratio (-0.66 vs -0.67), 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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