CRPT vs. BITO
Compare and contrast key facts about First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) and ProShares Bitcoin Strategy ETF (BITO).
CRPT and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRPT is an actively managed fund by First Trust. It was launched on Sep 20, 2021. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CRPT or BITO.
Correlation
The correlation between CRPT and BITO is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CRPT vs. BITO - Performance Comparison
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Key characteristics
CRPT:
0.88
BITO:
1.07
CRPT:
1.74
BITO:
1.75
CRPT:
1.20
BITO:
1.21
CRPT:
1.11
BITO:
1.91
CRPT:
2.94
BITO:
4.29
CRPT:
23.77%
BITO:
13.90%
CRPT:
75.53%
BITO:
54.41%
CRPT:
-88.34%
BITO:
-77.86%
CRPT:
-29.97%
BITO:
-5.91%
Returns By Period
In the year-to-date period, CRPT achieves a 9.16% return, which is significantly higher than BITO's 8.16% return.
CRPT
9.16%
40.99%
-3.83%
66.25%
N/A
N/A
BITO
8.16%
20.89%
10.88%
57.49%
N/A
N/A
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CRPT vs. BITO - Expense Ratio Comparison
CRPT has a 0.85% expense ratio, which is lower than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
CRPT vs. BITO — Risk-Adjusted Performance Rank
CRPT
BITO
CRPT vs. BITO - Risk-Adjusted Performance 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.
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Dividends
CRPT vs. BITO - Dividend Comparison
CRPT's dividend yield for the trailing twelve months is around 1.69%, less than BITO's 58.24% yield.
TTM | 2024 | 2023 | 2022 | 2021 | |
---|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 1.69% | 1.84% | 0.00% | 0.03% | 1.16% |
BITO ProShares Bitcoin Strategy ETF | 58.24% | 61.58% | 15.14% | 0.00% | 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. For additional features, visit the drawdowns tool.
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Volatility
CRPT vs. BITO - Volatility Comparison
First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a higher volatility of 14.25% compared to ProShares Bitcoin Strategy ETF (BITO) at 9.50%. 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.
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