CRPT vs. GDLC
CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) and GDLC (Grayscale CoinDesk Crypto 5 ETF) are both exchange-traded funds - CRPT is a Technology Equities fund actively managed by First Trust, while GDLC is a Cryptocurrency fund tracking the CoinDesk 5 Index. CRPT is actively managed, while GDLC is passively managed. Over the past 3 years, CRPT returned 39.51%/yr vs 67.03%/yr for GDLC. A 0.72 correlation means they provide meaningful diversification when combined. CRPT charges 0.85%/yr vs 0.59%/yr for GDLC.
Performance
CRPT vs. GDLC - 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 GDLC's -30.77% return.
CRPT
- 1D
- 0.23%
- 1M
- -16.12%
- YTD
- -12.33%
- 6M
- -24.87%
- 1Y
- -34.00%
- 3Y*
- 39.51%
- 5Y*
- —
- 10Y*
- —
GDLC
- 1D
- -2.59%
- 1M
- -21.81%
- YTD
- -30.77%
- 6M
- -34.99%
- 1Y
- -35.91%
- 3Y*
- 67.03%
- 5Y*
- 1.67%
- 10Y*
- —
CRPT vs. GDLC - 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% | -8.07% |
GDLC Grayscale CoinDesk Crypto 5 ETF | -30.77% | 0.45% | 136.98% | 353.26% | -84.21% | -16.95% |
Correlation
The correlation between CRPT and GDLC is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.72 |
The correlation between CRPT and GDLC shifts across timeframes, from 0.72 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CRPT vs. GDLC — Risk / Return Rank
CRPT
GDLC
CRPT vs. GDLC - 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 Grayscale CoinDesk Crypto 5 ETF (GDLC). 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 | GDLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.90 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | -0.67 | +0.07 |
| Martin ratioReturn relative to average drawdown | -1.06 | -1.15 | +0.10 |
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 | GDLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.59 | -0.74 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.29 | -0.38 |
Drawdowns
CRPT vs. GDLC - Drawdown Comparison
The maximum CRPT drawdown since its inception was -88.34%, smaller than the maximum GDLC drawdown of -94.14%. Use the drawdown chart below to compare losses from any high point for CRPT and GDLC.
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Drawdown Indicators
| CRPT | GDLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.34% | -94.14% | +5.80% |
Max Drawdown (1Y)Largest decline over 1 year | -56.46% | -53.58% | -2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -56.46% | -53.58% | -2.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -94.14% | — |
Current DrawdownCurrent decline from peak | -49.12% | -55.46% | +6.34% |
Average DrawdownAverage peak-to-trough decline | -52.64% | -52.73% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.26% | 31.22% | +1.04% |
Volatility
CRPT vs. GDLC - Volatility Comparison
First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a higher volatility of 13.14% compared to Grayscale CoinDesk Crypto 5 ETF (GDLC) at 9.50%. This indicates that CRPT's price experiences larger fluctuations and is considered to be riskier than GDLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRPT | GDLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.14% | 9.50% | +3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 45.70% | 36.02% | +9.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.39% | 48.49% | +8.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.72% | 74.41% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.72% | 93.89% | -21.17% |
CRPT vs. GDLC - Expense Ratio Comparison
CRPT has a 0.85% expense ratio, which is higher than GDLC's 0.59% expense ratio.
Dividends
CRPT vs. GDLC - Dividend Comparison
CRPT's dividend yield for the trailing twelve months is around 0.86%, while GDLC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 0.86% | 0.75% | 1.84% | 0.00% | 0.03% | 1.16% |
GDLC Grayscale CoinDesk Crypto 5 ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRPT and GDLC have a correlation of 0.85, 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 GDLC (9.50%). In terms of maximum drawdown, CRPT dropped -88.34% vs GDLC's -94.14%.
On 3-year performance, GDLC leads with 67.03% vs 39.51% for CRPT. On fees, GDLC is cheaper at 0.59% per year. On volatility, GDLC has been the lower-risk option at 9.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDLC has performed better with a 67.03% return vs 39.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDLC is cheaper with a 0.59% expense ratio, compared with 0.85% for CRPT.
CRPT has the higher dividend yield at 0.86%, compared with 0.00% for GDLC.
CRPT is categorized as Technology Equities, while GDLC is Cryptocurrency. They also come from different issuers: First Trust and Grayscale. Their fees differ too: 0.85% for CRPT and 0.59% for GDLC.
CRPT currently has the higher Sharpe Ratio (-0.59 vs -0.74), 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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