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CRPT vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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

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.

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Key characteristics

Sharpe Ratio

CRPT:

0.88

BITO:

1.07

Sortino Ratio

CRPT:

1.74

BITO:

1.75

Omega Ratio

CRPT:

1.20

BITO:

1.21

Calmar Ratio

CRPT:

1.11

BITO:

1.91

Martin Ratio

CRPT:

2.94

BITO:

4.29

Ulcer Index

CRPT:

23.77%

BITO:

13.90%

Daily Std Dev

CRPT:

75.53%

BITO:

54.41%

Max Drawdown

CRPT:

-88.34%

BITO:

-77.86%

Current Drawdown

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

YTD

9.16%

1M

40.99%

6M

-3.83%

1Y

66.25%

5Y*

N/A

10Y*

N/A

BITO

YTD

8.16%

1M

20.89%

6M

10.88%

1Y

57.49%

5Y*

N/A

10Y*

N/A

*Annualized

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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

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

CRPT
The Risk-Adjusted Performance Rank of CRPT is 7979
Overall Rank
The Sharpe Ratio Rank of CRPT is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of CRPT is 8686
Sortino Ratio Rank
The Omega Ratio Rank of CRPT is 7979
Omega Ratio Rank
The Calmar Ratio Rank of CRPT is 8383
Calmar Ratio Rank
The Martin Ratio Rank of CRPT is 7171
Martin Ratio Rank

BITO
The Risk-Adjusted Performance Rank of BITO is 8585
Overall Rank
The Sharpe Ratio Rank of BITO is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of BITO is 8686
Sortino Ratio Rank
The Omega Ratio Rank of BITO is 8181
Omega Ratio Rank
The Calmar Ratio Rank of BITO is 9393
Calmar Ratio Rank
The Martin Ratio Rank of BITO is 8282
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current CRPT Sharpe Ratio is 0.88, which is comparable to the BITO Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of CRPT and BITO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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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.


TTM2024202320222021
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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