CRPT vs. BTF

Last updated Jun 28, 2026

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 26.78%/yr vs 4.80%/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

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) and Valkyrie Bitcoin and Ether Strategy ETF (BTF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRPT achieves a -23.05% return, which is significantly higher than BTF's -40.60% return.

CRPT

• 1D: 1.23%
• 1M: -22.17%
• YTD: -23.05%
• 6M: -26.15%
• 1Y: -47.85%
• 3Y*: 26.78%
• 5Y*: —
• 10Y*: —

BTF

• 1D: 1.05%
• 1M: -20.44%
• YTD: -40.60%
• 6M: -40.30%
• 1Y: -41.03%
• 3Y*: 4.80%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CRPT vs. BTF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF	-23.05%	-9.54%	75.29%	193.86%	-80.84%	-20.11%
BTF Valkyrie Bitcoin and Ether Strategy ETF	-40.60%	-12.44%	67.60%	136.86%	-63.05%	-29.84%

Correlation

The correlation between CRPT and BTF is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (All Time) Calculated using the full available price history since Oct 22, 2021	0.76

The correlation between CRPT and BTF shifts across timeframes, from 0.76 (all time) to 0.86 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CRPT vs. BTF — Risk / Return Rank

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

CRPT

CRPT Risk / Return Rank: 3
CRPT Sharpe Ratio Rank: 3
CRPT Sortino Ratio Rank: 3
CRPT Omega Ratio Rank: 3
CRPT Calmar Ratio Rank: 2
CRPT Martin Ratio Rank: 2

BTF

BTF Risk / Return Rank: 4
BTF Sharpe Ratio Rank: 3
BTF Sortino Ratio Rank: 4
BTF Omega Ratio Rank: 4
BTF Calmar Ratio Rank: 4
BTF Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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	BTF	Difference
Sharpe ratio: Return per unit of total volatility	-0.82	-0.76	-0.06
Sortino ratio: Return per unit of downside risk	-1.15	-0.98	-0.17
Omega ratio: Gain probability vs. loss probability	0.87	0.89	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.85	-0.68	-0.18
Martin ratio: Return relative to average drawdown	-1.40	-1.14	-0.26

CRPT vs. BTF - Sharpe Ratio Comparison

The current CRPT Sharpe Ratio is -0.82, which is comparable to the BTF Sharpe Ratio of -0.76. The chart below compares the historical Sharpe Ratios of CRPT and BTF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	CRPT	BTF	Difference
Max Drawdown Largest peak-to-trough decline	-88.34%	-77.50%	-10.84%
Max Drawdown (1Y) Largest decline over 1 year	-56.46%	-61.55%	+5.09%
Max Drawdown (3Y) Largest decline over 3 years	-56.46%	-61.55%	+5.09%
Current Drawdown Current decline from peak	-55.34%	-61.15%	+5.81%
Average Drawdown Average peak-to-trough decline	-52.56%	-39.90%	-12.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.35%	36.43%	-2.08%

Volatility

CRPT vs. BTF - Volatility Comparison

First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a higher volatility of 19.42% compared to Valkyrie Bitcoin and Ether Strategy ETF (BTF) at 16.06%. 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.

Volatility by Period

	CRPT	BTF	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.42%	16.06%	+3.36%
Volatility (6M) Calculated over the trailing 6-month period	47.13%	39.75%	+7.38%
Volatility (1Y) Calculated over the trailing 1-year period	58.61%	55.04%	+3.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.68%	58.45%	+14.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.68%	58.45%	+14.23%

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 0.98%, less than BTF's 245.00% yield.

Position	TTM	2025	2024	2023	2022	2021
BTF Valkyrie Bitcoin and Ether Strategy ETF	245.00%	146.05%	52.96%	15.98%	0.00%	0.00%
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF	0.98%	0.75%	1.84%	0.00%	0.03%	1.16%

Frequently Asked Questions

Can I hold both CRPT and BTF in my portfolio?

CRPT and BTF have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRPT or BTF?

CRPT has higher volatility (19.42%) compared to BTF (16.06%). In terms of maximum drawdown, CRPT dropped -88.34% vs BTF's -77.50%.

Which ETF is better, CRPT or BTF?

On 3-year performance, CRPT leads with 26.78% vs 4.80% for BTF. On fees, CRPT is cheaper at 0.85% per year. On volatility, BTF has been the lower-risk option at 16.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRPT or BTF?

Over the 3-year period, CRPT has performed better with a 26.78% return vs 4.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRPT or BTF?

CRPT is cheaper with a 0.85% expense ratio, compared with 1.24% for BTF.

Which ETF pays a higher dividend yield, CRPT or BTF?

BTF has the higher dividend yield at 245.00%, compared with 0.98% for CRPT.

What is the main difference between CRPT and BTF?

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.

Which has better risk-adjusted returns?

BTF currently has the higher Sharpe Ratio (-0.76 vs -0.82), 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.