CRPT vs. BITQ
Compare and contrast key facts about First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) and Bitwise Crypto Industry Innovators ETF (BITQ).
CRPT and BITQ 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. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CRPT or BITQ.
Key characteristics
| CRPT | BITQ | |
|---|---|---|
| YTD Return | 100.31% | 65.40% |
| 1Y Return | 225.11% | 167.13% |
| 3Y Return (Ann) | -7.53% | -14.29% |
| Sharpe Ratio | 2.43 | 2.24 |
| Sortino Ratio | 2.95 | 2.84 |
| Omega Ratio | 1.33 | 1.32 |
| Calmar Ratio | 2.69 | 2.01 |
| Martin Ratio | 10.90 | 8.97 |
| Ulcer Index | 19.12% | 17.49% |
| Daily Std Dev | 85.70% | 70.09% |
| Max Drawdown | -88.34% | -90.32% |
| Current Drawdown | -26.69% | -41.37% |
Correlation
The correlation between CRPT and BITQ is 0.96, 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.
Performance
CRPT vs. BITQ - Performance Comparison
In the year-to-date period, CRPT achieves a 100.31% return, which is significantly higher than BITQ's 65.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CRPT vs. BITQ - Expense Ratio Comparison
Both CRPT and BITQ have an expense ratio of 0.85%.
Risk-Adjusted Performance
CRPT vs. BITQ - 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 Bitwise Crypto Industry Innovators ETF (BITQ). 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
CRPT vs. BITQ - Dividend Comparison
CRPT has not paid dividends to shareholders, while BITQ's dividend yield for the trailing twelve months is around 0.91%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 0.00% | 0.00% | 0.03% | 1.16% |
BITQ Bitwise Crypto Industry Innovators ETF | 0.91% | 1.51% | 0.00% | 3.12% |
Drawdowns
CRPT vs. BITQ - Drawdown Comparison
The maximum CRPT drawdown since its inception was -88.34%, roughly equal to the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for CRPT and BITQ. For additional features, visit the drawdowns tool.
Volatility
CRPT vs. BITQ - Volatility Comparison
First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a higher volatility of 32.06% compared to Bitwise Crypto Industry Innovators ETF (BITQ) at 28.19%. This indicates that CRPT's price experiences larger fluctuations and is considered to be riskier than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.