CRPT vs. BTC-USD
CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) is Technology Equities fund actively managed by First Trust, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 3 years, CRPT returned 29.08%/yr vs 25.32%/yr for BTC-USD. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
CRPT vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, CRPT achieves a -23.98% return, which is significantly higher than BTC-USD's -31.91% return.
CRPT
- 1D
- -4.12%
- 1M
- -21.36%
- YTD
- -23.98%
- 6M
- -28.82%
- 1Y
- -48.39%
- 3Y*
- 29.08%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -2.31%
- 1M
- -21.43%
- YTD
- -31.91%
- 6M
- -31.66%
- 1Y
- -44.53%
- 3Y*
- 25.32%
- 5Y*
- 13.04%
- 10Y*
- 56.92%
CRPT vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | -23.98% | -9.54% | 75.29% | 193.86% | -80.84% | -9.59% |
BTC-USD Bitcoin | -31.91% | -6.27% | 120.76% | 155.82% | -64.23% | 7.44% |
Correlation
The correlation between CRPT and BTC-USD is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021 | 0.58 |
The correlation between CRPT and BTC-USD has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
CRPT vs. BTC-USD — Risk / Return Rank
CRPT
BTC-USD
CRPT vs. BTC-USD - 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 Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.84 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.85 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.45 | +0.03 |
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Drawdowns
CRPT vs. BTC-USD - Drawdown Comparison
The maximum CRPT drawdown since its inception was -88.34%, roughly equal to the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for CRPT and BTC-USD.
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Drawdown Indicators
| CRPT | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.34% | -85.30% | -3.04% |
Max Drawdown (1Y)Largest decline over 1 year | -56.46% | -52.23% | -4.23% |
Max Drawdown (3Y)Largest decline over 3 years | -56.46% | -52.23% | -4.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -55.88% | -52.23% | -3.65% |
Average DrawdownAverage peak-to-trough decline | -52.56% | -42.42% | -10.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.19% | 31.57% | +2.62% |
Volatility
CRPT vs. BTC-USD - Volatility Comparison
First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a higher volatility of 19.31% compared to Bitcoin (BTC-USD) at 12.44%. This indicates that CRPT's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRPT | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.31% | 12.44% | +6.87% |
Volatility (6M)Calculated over the trailing 6-month period | 47.13% | 34.75% | +12.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.61% | 35.63% | +22.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.71% | 44.15% | +28.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.71% | 56.40% | +16.31% |
Frequently Asked Questions
CRPT and BTC-USD have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRPT has higher volatility (19.31%) compared to BTC-USD (12.44%). In terms of maximum drawdown, CRPT dropped -88.34% vs BTC-USD's -85.30%.
CRPT currently has the higher Sharpe Ratio (-0.83 vs -1.04), 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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