CRPT vs. FDL

Last updated Jun 26, 2026

CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - CRPT is a Technology Equities fund actively managed by First Trust, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. CRPT is actively managed, while FDL is passively managed. Over the past 3 years, CRPT returned 29.08%/yr vs 18.84%/yr for FDL. At a 0.29 correlation, their price movements are largely independent. CRPT charges 0.85%/yr vs 0.43%/yr for FDL.

Performance

CRPT vs. FDL - 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 First Trust Morningstar Dividend Leaders Index Fund (FDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRPT achieves a -23.98% return, which is significantly lower than FDL's 12.82% return.

CRPT

• 1D: -4.12%
• 1M: -21.36%
• YTD: -23.98%
• 6M: -28.82%
• 1Y: -48.39%
• 3Y*: 29.08%
• 5Y*: —
• 10Y*: —

FDL

• 1D: 0.46%
• 1M: -1.40%
• YTD: 12.82%
• 6M: 12.61%
• 1Y: 23.52%
• 3Y*: 18.84%
• 5Y*: 13.04%
• 10Y*: 11.24%

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

CRPT vs. FDL - 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%
FDL First Trust Morningstar Dividend Leaders Index Fund	12.82%	14.79%	17.98%	2.94%	6.66%	11.50%

Correlation

The correlation between CRPT and FDL is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021	0.29

Over the past year, the correlation between CRPT and FDL has dropped to 0.05 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.

CRPT vs. FDL - Sectors Allocation Comparison

Sectors	CRPT	FDL
Financial Services	70.1%	15.2%
Technology	15.6%	1.4%
Consumer Cyclical	14.3%	4.7%
Communication Services	4.3%	10.6%
Basic Materials	-	0.3%
Consumer Defensive	-	14.4%
Energy	-	25.7%
Healthcare	-	17.6%
Industrials	-	3.9%
Real Estate	-	-
Utilities	-	6.5%

Return for Risk

CRPT vs. FDL — 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

FDL

FDL Risk / Return Rank: 79
FDL Sharpe Ratio Rank: 74
FDL Sortino Ratio Rank: 81
FDL Omega Ratio Rank: 70
FDL Calmar Ratio Rank: 93
FDL Martin Ratio Rank: 78

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. FDL - 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 First Trust Morningstar Dividend Leaders Index Fund (FDL). 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	FDL	Difference
Sharpe ratio: Return per unit of total volatility	-0.83	2.05	-2.88
Sortino ratio: Return per unit of downside risk	-1.16	3.11	-4.27
Omega ratio: Gain probability vs. loss probability	0.87	1.36	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.86	5.53	-6.39
Martin ratio: Return relative to average drawdown	-1.42	12.87	-14.29

CRPT vs. FDL - Sharpe Ratio Comparison

The current CRPT Sharpe Ratio is -0.83, which is lower than the FDL Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of CRPT and FDL, 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. FDL - Drawdown Comparison

The maximum CRPT drawdown since its inception was -88.34%, which is greater than FDL's maximum drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for CRPT and FDL.

Drawdown Indicators

	CRPT	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-88.34%	-65.93%	-22.41%
Max Drawdown (1Y) Largest decline over 1 year	-56.46%	-4.27%	-52.19%
Max Drawdown (3Y) Largest decline over 3 years	-56.46%	-12.24%	-44.22%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.40%	—
Current Drawdown Current decline from peak	-55.88%	-2.96%	-52.92%
Average Drawdown Average peak-to-trough decline	-52.56%	-9.63%	-42.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.19%	1.83%	+32.36%

Volatility

CRPT vs. FDL - Volatility Comparison

First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a higher volatility of 19.31% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 3.39%. This indicates that CRPT's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRPT	FDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.31%	3.39%	+15.92%
Volatility (6M) Calculated over the trailing 6-month period	47.13%	8.09%	+39.04%
Volatility (1Y) Calculated over the trailing 1-year period	58.61%	11.55%	+47.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.71%	14.31%	+58.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.71%	17.10%	+55.61%

CRPT vs. FDL - Expense Ratio Comparison

CRPT has a 0.85% expense ratio, which is higher than FDL's 0.43% expense ratio.

Dividends

CRPT vs. FDL - Dividend Comparison

CRPT's dividend yield for the trailing twelve months is around 0.99%, less than FDL's 4.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF	0.99%	0.75%	1.84%	0.00%	0.03%	1.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDL First Trust Morningstar Dividend Leaders Index Fund	4.69%	4.04%	4.96%	4.58%	3.58%	4.59%	4.48%	3.75%	3.97%	3.18%	2.93%	3.65%

Frequently Asked Questions

Can I hold both CRPT and FDL in my portfolio?

CRPT and FDL have a correlation of 0.05, 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 FDL?

CRPT has higher volatility (19.31%) compared to FDL (3.39%). In terms of maximum drawdown, CRPT dropped -88.34% vs FDL's -65.93%.

Which ETF is better, CRPT or FDL?

On 3-year performance, CRPT leads with 29.08% vs 18.84% for FDL. On fees, FDL is cheaper at 0.43% per year. On volatility, FDL has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRPT or FDL?

Over the 3-year period, CRPT has performed better with a 29.08% return vs 18.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRPT or FDL?

FDL is cheaper with a 0.43% expense ratio, compared with 0.85% for CRPT.

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

FDL has the higher dividend yield at 4.69%, compared with 0.99% for CRPT.

What is the main difference between CRPT and FDL?

CRPT is categorized as Technology Equities, while FDL is Large Cap Value Equities. Their fees differ too: 0.85% for CRPT and 0.43% for FDL.

Which has better risk-adjusted returns?

FDL currently has the higher Sharpe Ratio (2.05 vs -0.83), 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.