CRPT vs. BTF
CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) and BTF (Valkyrie Bitcoin and Ether Strategy ETF) are both exchange-traded funds - CRPT is a Technology Equities fund actively managed by First Trust, while BTF is a Cryptocurrency fund actively managed by Valkyrie. Both are actively managed. Over the past 3 years, CRPT returned 39.51%/yr vs 14.83%/yr for BTF. A 0.76 correlation means they provide meaningful diversification when combined. CRPT charges 0.85%/yr vs 1.24%/yr for BTF.
Performance
CRPT vs. BTF - Performance Comparison
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Returns By Period
In the year-to-date period, CRPT achieves a -12.33% return, which is significantly higher than BTF's -34.89% return.
CRPT
- 1D
- 0.23%
- 1M
- -16.12%
- YTD
- -12.33%
- 6M
- -24.87%
- 1Y
- -34.00%
- 3Y*
- 39.51%
- 5Y*
- —
- 10Y*
- —
BTF
- 1D
- -2.12%
- 1M
- -23.87%
- YTD
- -34.89%
- 6M
- -38.73%
- 1Y
- -37.70%
- 3Y*
- 14.83%
- 5Y*
- —
- 10Y*
- —
CRPT vs. BTF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | -12.33% | -9.54% | 75.29% | 193.86% | -80.84% | -18.17% |
BTF Valkyrie Bitcoin and Ether Strategy ETF | -34.89% | -12.44% | 67.60% | 136.86% | -63.05% | -26.38% |
Correlation
The correlation between CRPT and BTF is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2021 | 0.76 |
The correlation between CRPT and BTF has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
CRPT vs. BTF — Risk / Return Rank
CRPT
BTF
CRPT vs. BTF - 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 Valkyrie Bitcoin and Ether Strategy ETF (BTF). 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.
| CRPT | BTF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.91 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | -0.66 | +0.05 |
| Martin ratioReturn relative to average drawdown | -1.06 | -1.13 | +0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CRPT | BTF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.59 | -0.70 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.17 | +0.08 |
Drawdowns
CRPT vs. BTF - Drawdown Comparison
The maximum CRPT drawdown since its inception was -88.34%, which is greater than BTF's maximum drawdown of -77.50%. Use the drawdown chart below to compare losses from any high point for CRPT and BTF.
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Drawdown Indicators
| CRPT | BTF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.34% | -77.50% | -10.84% |
Max Drawdown (1Y)Largest decline over 1 year | -56.46% | -57.42% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -56.46% | -57.42% | +0.96% |
Current DrawdownCurrent decline from peak | -49.12% | -57.42% | +8.30% |
Average DrawdownAverage peak-to-trough decline | -52.64% | -39.67% | -12.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.26% | 33.52% | -1.26% |
Volatility
CRPT vs. BTF - Volatility Comparison
First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a higher volatility of 13.14% compared to Valkyrie Bitcoin and Ether Strategy ETF (BTF) at 9.25%. This indicates that CRPT's price experiences larger fluctuations and is considered to be riskier than BTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRPT | BTF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.14% | 9.25% | +3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 45.70% | 38.82% | +6.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.39% | 54.30% | +3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.72% | 58.41% | +14.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.72% | 58.41% | +14.31% |
CRPT vs. BTF - Expense Ratio Comparison
CRPT has a 0.85% expense ratio, which is lower than BTF's 1.24% expense ratio.
Dividends
CRPT vs. BTF - Dividend Comparison
CRPT's dividend yield for the trailing twelve months is around 0.86%, less than BTF's 223.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BTF Valkyrie Bitcoin and Ether Strategy ETF | 223.87% | 146.05% | 52.96% | 15.98% | 0.00% | 0.00% |
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 0.86% | 0.75% | 1.84% | 0.00% | 0.03% | 1.16% |
Frequently Asked Questions
CRPT and BTF have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRPT has higher volatility (13.14%) compared to BTF (9.25%). In terms of maximum drawdown, CRPT dropped -88.34% vs BTF's -77.50%.
On 3-year performance, CRPT leads with 39.51% vs 14.83% for BTF. On fees, CRPT is cheaper at 0.85% per year. On volatility, BTF has been the lower-risk option at 9.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CRPT has performed better with a 39.51% return vs 14.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CRPT is cheaper with a 0.85% expense ratio, compared with 1.24% for BTF.
BTF has the higher dividend yield at 223.87%, compared with 0.86% for CRPT.
CRPT is categorized as Technology Equities, while BTF is Cryptocurrency. They also come from different issuers: First Trust and Valkyrie. Their fees differ too: 0.85% for CRPT and 1.24% for BTF.
CRPT currently has the higher Sharpe Ratio (-0.59 vs -0.70), 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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