CRPT vs. BITQ
CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) and BITQ (Bitwise Crypto Industry Innovators ETF) are both exchange-traded funds - CRPT is a Technology Equities fund actively managed by First Trust, while BITQ is a Blockchain fund tracking the Bitwise Crypto Innovators 30 Index. CRPT is actively managed, while BITQ is passively managed. Over the past 3 years, CRPT returned 15.05%/yr vs 33.54%/yr for BITQ. Their correlation of 0.93 means they have usually moved in the same direction. Both charge a 0.85% expense ratio.
Performance
CRPT vs. BITQ - Performance Comparison
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Returns By Period
In the year-to-date period, CRPT achieves a -25.52% return, which is significantly lower than BITQ's 14.35% return.
CRPT
- 1D
- -3.54%
- 1M
- -8.13%
- 6M
- -26.74%
- YTD
- -25.52%
- 1Y
- -47.83%
- 3Y*
- 15.05%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -9.95%
BITQ
- 1D
- -3.47%
- 1M
- -4.20%
- 6M
- 7.60%
- YTD
- 14.35%
- 1Y
- 20.58%
- 3Y*
- 33.54%
- 5Y*
- 1.06%
- 10Y*
- —
- ALL TIME*
- -0.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.41M | $2.10M | $3.18M | |
| $1.58M | $1.12M | $1.35M |
CRPT vs. BITQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | -25.52% | -9.54% | 75.29% | 193.86% | -80.84% | -9.59% |
BITQ Bitwise Crypto Industry Innovators ETF | 14.35% | 18.00% | 46.97% | 246.83% | -83.86% | -4.34% |
Correlation
The correlation between CRPT and BITQ is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021 | 0.93 |
The correlation between CRPT and BITQ has been stable across timeframes, ranging from 0.83 to 0.93 - a consistent structural relationship.
CRPT vs. BITQ - Sectors Allocation Comparison
Sectors
CRPT
BITQ
Financial Services
Technology
Consumer Cyclical
Communication Services
-
Basic Materials
-
-
Consumer Defensive
-
-
Energy
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Financial Services
CRPT
BITQ
Technology
CRPT
BITQ
Consumer Cyclical
CRPT
BITQ
Communication Services
CRPT
BITQ
-
Basic Materials
CRPT
-
BITQ
-
Consumer Defensive
CRPT
-
BITQ
-
Energy
CRPT
-
BITQ
-
Healthcare
CRPT
-
BITQ
-
Industrials
CRPT
-
BITQ
-
Real Estate
CRPT
-
BITQ
-
Utilities
CRPT
-
BITQ
-
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Return for Risk
CRPT vs. BITQ — Risk / Return Rank
CRPT
BITQ
CRPT vs. BITQ - 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 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.
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.
| CRPT | BITQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.08 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 0.26 | -1.20 |
| Martin ratioReturn relative to average drawdown | -1.44 | 0.53 | -1.96 |
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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.
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Drawdown Indicators
| CRPT | BITQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.34% | -90.32% | +1.98% |
Max Drawdown (1Y)Largest decline over 1 year | -55.40% | -44.99% | -10.41% |
Max Drawdown (3Y)Largest decline over 3 years | -56.62% | -51.22% | -5.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.32% | — |
Current DrawdownCurrent decline from peak | -56.77% | -29.70% | -27.07% |
Average DrawdownAverage peak-to-trough decline | -52.60% | -51.99% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.32% | 22.41% | +13.91% |
Volatility
CRPT vs. BITQ - Volatility Comparison
The current volatility for First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) is 16.68%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 19.68%. This indicates that CRPT experiences smaller price fluctuations and is considered to be less risky than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRPT | BITQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.68% | 19.68% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 47.05% | 44.50% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.08% | 59.30% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.41% | 67.22% | +5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.41% | 67.16% | +5.25% |
CRPT vs. BITQ - Expense Ratio Comparison
Both CRPT and BITQ have an expense ratio of 0.85%.
Dividends
CRPT vs. BITQ - Dividend Comparison
CRPT's dividend yield for the trailing twelve months is around 1.01%, while BITQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BITQ Bitwise Crypto Industry Innovators ETF | 0.00% | 0.00% | 0.90% | 1.51% | 0.00% | 3.12% |
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 1.01% | 0.75% | 1.84% | 0.00% | 0.03% | 1.16% |
Frequently Asked Questions
CRPT and BITQ have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITQ has higher volatility (19.68%) compared to CRPT (16.68%). In terms of maximum drawdown, CRPT dropped -88.34% vs BITQ's -90.32%.
On 3-year performance, BITQ leads with 33.54% vs 15.05% for CRPT. Both ETFs have the same 0.85% expense ratio. On volatility, CRPT has been the lower-risk option at 16.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BITQ has performed better with a 33.54% return vs 15.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CRPT and BITQ have the same expense ratio: 0.85% per year.
CRPT has the higher dividend yield at 1.01%, compared with 0.00% for BITQ.
CRPT is categorized as Technology Equities, while BITQ is Blockchain. They also come from different issuers: First Trust and Bitwise.
BITQ currently has the higher Sharpe Ratio (0.20 vs -0.87), 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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