CRPT vs. FDIG
Compare and contrast key facts about First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) and Fidelity Crypto Industry and Digital Payments ETF (FDIG).
CRPT and FDIG 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. FDIG is a passively managed fund by Fidelity that tracks the performance of the Fidelity Crypto Industry and Digital Payments Index. It was launched on Apr 19, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CRPT or FDIG.
Key characteristics
| CRPT | FDIG | |
|---|---|---|
| YTD Return | 100.31% | 32.73% |
| 1Y Return | 225.11% | 117.04% |
| Sharpe Ratio | 2.43 | 1.64 |
| Sortino Ratio | 2.95 | 2.36 |
| Omega Ratio | 1.33 | 1.27 |
| Calmar Ratio | 2.69 | 2.89 |
| Martin Ratio | 10.90 | 5.71 |
| Ulcer Index | 19.12% | 19.24% |
| Daily Std Dev | 85.70% | 66.91% |
| Max Drawdown | -88.34% | -58.32% |
| Current Drawdown | -26.69% | -9.75% |
Correlation
The correlation between CRPT and FDIG is 0.94, 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. FDIG - Performance Comparison
In the year-to-date period, CRPT achieves a 100.31% return, which is significantly higher than FDIG's 32.73% 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. FDIG - Expense Ratio Comparison
CRPT has a 0.85% expense ratio, which is higher than FDIG's 0.39% expense ratio.
Risk-Adjusted Performance
CRPT vs. FDIG - 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 Fidelity Crypto Industry and Digital Payments ETF (FDIG). 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. FDIG - Dividend Comparison
CRPT has not paid dividends to shareholders, while FDIG's dividend yield for the trailing twelve months is around 0.14%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 0.00% | 0.00% | 0.03% | 1.16% |
FDIG Fidelity Crypto Industry and Digital Payments ETF | 0.14% | 0.18% | 0.00% | 0.00% |
Drawdowns
CRPT vs. FDIG - Drawdown Comparison
The maximum CRPT drawdown since its inception was -88.34%, which is greater than FDIG's maximum drawdown of -58.32%. Use the drawdown chart below to compare losses from any high point for CRPT and FDIG. For additional features, visit the drawdowns tool.
Volatility
CRPT vs. FDIG - Volatility Comparison
First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a higher volatility of 32.06% compared to Fidelity Crypto Industry and Digital Payments ETF (FDIG) at 26.37%. This indicates that CRPT's price experiences larger fluctuations and is considered to be riskier than FDIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.