CRPT vs. BITO

Last updated Jun 3, 2026

CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - CRPT is a Technology Equities fund actively managed by First Trust, while BITO is a Cryptocurrency fund actively managed by ProShares. Both are actively managed. Over the past 3 years, CRPT returned 38.83%/yr vs 26.52%/yr for BITO. A 0.77 correlation means they provide meaningful diversification when combined. CRPT charges 0.85%/yr vs 0.95%/yr for BITO.

Performance

CRPT vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRPT achieves a -7.86% return, which is significantly higher than BITO's -24.14% return.

CRPT

• 1D: -6.43%
• 1M: -6.05%
• YTD: -7.86%
• 6M: -18.17%
• 1Y: -27.58%
• 3Y*: 38.83%
• 5Y*: —
• 10Y*: —

BITO

• 1D: -5.85%
• 1M: -14.50%
• YTD: -24.14%
• 6M: -27.28%
• 1Y: -38.17%
• 3Y*: 26.52%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CRPT vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF	-7.86%	-9.54%	75.29%	193.86%	-80.84%	-20.00%
BITO ProShares Bitcoin Strategy ETF	-24.14%	-11.19%	104.45%	137.33%	-63.91%	-31.09%

Correlation

The correlation between CRPT and BITO 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	0.77
Correlation (All Time) Calculated using the full available price history since Oct 20, 2021	0.77

The correlation between CRPT and BITO has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.

CRPT vs. BITO - Sectors Allocation Comparison

Sectors	CRPT	BITO
Financial Services	75.0%	68.5%
Consumer Cyclical	19.0%	-
Technology	10.0%	-
Communication Services	5.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

CRPT vs. BITO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRPT

CRPT Risk / Return Rank: 5
CRPT Sharpe Ratio Rank: 4
CRPT Sortino Ratio Rank: 5
CRPT Omega Ratio Rank: 5
CRPT Calmar Ratio Rank: 4
CRPT Martin Ratio Rank: 5

BITO

BITO Risk / Return Rank: 2
BITO Sharpe Ratio Rank: 2
BITO Sortino Ratio Rank: 2
BITO Omega Ratio Rank: 2
BITO Calmar Ratio Rank: 2
BITO Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRPT vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) and ProShares Bitcoin Strategy ETF (BITO). 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.

	CRPT	BITO	Difference
Sharpe ratio Return per unit of total volatility	-0.48	-0.88	+0.40
Sortino ratio Return per unit of downside risk	-0.39	-1.21	+0.81
Omega ratio Gain probability vs. loss probability	0.95	0.86	+0.09
Calmar ratio Return relative to maximum drawdown	-0.46	-0.77	+0.31
Martin ratio Return relative to average drawdown	-0.81	-1.33	+0.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRPT vs. BITO - Sharpe Ratio Comparison

The current CRPT Sharpe Ratio is -0.48, which is higher than the BITO Sharpe Ratio of -0.88. The chart below compares the historical Sharpe Ratios of CRPT and BITO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRPT	BITO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.48	-0.88	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	-0.08	0.00

Drawdowns

CRPT vs. BITO - Drawdown Comparison

The maximum CRPT drawdown since its inception was -88.34%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for CRPT and BITO.

Drawdown Indicators

	CRPT	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-88.34%	-77.86%	-10.48%
Max Drawdown (1Y) Largest decline over 1 year	-56.46%	-50.05%	-6.41%
Max Drawdown (3Y) Largest decline over 3 years	-56.46%	-50.05%	-6.41%
Current Drawdown Current decline from peak	-46.53%	-47.68%	+1.15%
Average Drawdown Average peak-to-trough decline	-52.64%	-36.72%	-15.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.98%	28.93%	+3.05%

Volatility

CRPT vs. BITO - Volatility Comparison

First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a higher volatility of 13.58% compared to ProShares Bitcoin Strategy ETF (BITO) at 9.61%. This indicates that CRPT's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRPT	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.58%	9.61%	+3.97%
Volatility (6M) Calculated over the trailing 6-month period	45.97%	34.65%	+11.32%
Volatility (1Y) Calculated over the trailing 1-year period	57.54%	43.48%	+14.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.74%	55.12%	+17.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.74%	55.12%	+17.62%

CRPT vs. BITO - Expense Ratio Comparison

CRPT has a 0.85% expense ratio, which is lower than BITO's 0.95% expense ratio.

Dividends

CRPT vs. BITO - Dividend Comparison

CRPT's dividend yield for the trailing twelve months is around 0.82%, less than BITO's 65.64% yield.

Position	TTM	2025	2024	2023	2022	2021
BITO ProShares Bitcoin Strategy ETF	65.64%	78.29%	61.59%	15.14%	0.00%	0.00%
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF	0.82%	0.75%	1.84%	0.00%	0.03%	1.16%

Frequently Asked Questions

Can I hold both CRPT and BITO in my portfolio?

CRPT and BITO 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.

Which is riskier, CRPT or BITO?

CRPT has higher volatility (13.58%) compared to BITO (9.61%). In terms of maximum drawdown, CRPT dropped -88.34% vs BITO's -77.86%.

Which ETF is better, CRPT or BITO?

On 3-year performance, CRPT leads with 38.83% vs 26.52% for BITO. On fees, CRPT is cheaper at 0.85% per year. On volatility, BITO has been the lower-risk option at 9.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRPT or BITO?

Over the 3-year period, CRPT has performed better with a 38.83% return vs 26.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRPT or BITO?

CRPT is cheaper with a 0.85% expense ratio, compared with 0.95% for BITO.

Which ETF pays a higher dividend yield, CRPT or BITO?

BITO has the higher dividend yield at 65.64%, compared with 0.82% for CRPT.

What is the main difference between CRPT and BITO?

CRPT is categorized as Technology Equities, while BITO is Cryptocurrency. They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.85% for CRPT and 0.95% for BITO.

Which has better risk-adjusted returns?

CRPT currently has the higher Sharpe Ratio (-0.48 vs -0.88), 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.