CRPT vs. GOOX

Last updated Aug 2, 2026

CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) and GOOX (T-Rex 2X Long Alphabet Daily Target ETF) are both exchange-traded funds - CRPT is a Technology Equities fund actively managed by First Trust, while GOOX is a Leveraged Equities fund actively managed by T-Rex. Both are actively managed. Over the past year, CRPT returned -47.83% vs 189.26% for GOOX. Their 0.34 correlation means their historical movements had little consistent relationship. CRPT charges 0.85%/yr vs 1.05%/yr for GOOX.

Performance

CRPT vs. GOOX - 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 T-Rex 2X Long Alphabet Daily Target ETF (GOOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRPT achieves a -25.52% return, which is significantly lower than GOOX's 14.32% return.

CRPT

• 1D: -3.54%
• 1M: -8.13%
• 6M: -26.74%
• YTD: -25.52%
• 1Y: -47.83%
• 3Y*: 15.05%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -9.95%

GOOX

• 1D: 14.09%
• 1M: -2.18%
• 6M: -0.73%
• YTD: 14.32%
• 1Y: 189.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 66.14%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF	$1.58M	$1.12M	$1.35M
GOOX T-Rex 2X Long Alphabet Daily Target ETF	$8.35M	$6.68M	$7.65M

CRPT vs. GOOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF	-25.52%	-9.54%	84.85%
GOOX T-Rex 2X Long Alphabet Daily Target ETF	14.32%	121.41%	44.31%

Correlation

The correlation between CRPT and GOOX is 0.29, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.29
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.34

Return for Risk

CRPT vs. GOOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CRPT

CRPT Risk / Return Rank: 2
CRPT Sharpe Ratio Rank: 2
CRPT Sortino Ratio Rank: 2
CRPT Omega Ratio Rank: 3
CRPT Calmar Ratio Rank: 1
CRPT Martin Ratio Rank: 1

GOOX

GOOX Risk / Return Rank: 91
GOOX Sharpe Ratio Rank: 96
GOOX Sortino Ratio Rank: 92
GOOX Omega Ratio Rank: 89
GOOX Calmar Ratio Rank: 94
GOOX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CRPT vs. GOOX - 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 T-Rex 2X Long Alphabet Daily Target ETF (GOOX). 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	GOOX	Difference
Sharpe ratio: Return per unit of total volatility	-0.87	2.84	-3.71
Sortino ratio: Return per unit of downside risk	-1.28	3.39	-4.67
Omega ratio: Gain probability vs. loss probability	0.86	1.41	-0.55
Calmar ratio: Return relative to maximum drawdown	-0.94	4.63	-5.57
Martin ratio: Return relative to average drawdown	-1.44	11.97	-13.40

CRPT vs. GOOX - Sharpe Ratio Comparison

The current CRPT Sharpe Ratio is -0.87, which is lower than the GOOX Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of CRPT and GOOX, 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. GOOX - Drawdown Comparison

The maximum CRPT drawdown since its inception was -88.34%, which is greater than GOOX's maximum drawdown of -52.46%. Use the drawdown chart below to compare losses from any high point for CRPT and GOOX.

Drawdown Indicators

	CRPT	GOOX	Difference
Max Drawdown Largest peak-to-trough decline	-88.34%	-52.46%	-35.88%
Max Drawdown (1Y) Largest decline over 1 year	-55.40%	-39.00%	-16.40%
Max Drawdown (3Y) Largest decline over 3 years	-56.62%	—	—
Current Drawdown Current decline from peak	-56.77%	-24.02%	-32.75%
Average Drawdown Average peak-to-trough decline	-52.60%	-17.47%	-35.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.32%	15.07%	+21.25%

Volatility

CRPT vs. GOOX - Volatility Comparison

The current volatility for First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) is 16.68%, while T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a volatility of 26.36%. This indicates that CRPT experiences smaller price fluctuations and is considered to be less risky than GOOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRPT	GOOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.68%	26.36%	-9.68%
Volatility (6M) Calculated over the trailing 6-month period	47.05%	48.89%	-1.84%
Volatility (1Y) Calculated over the trailing 1-year period	60.08%	63.83%	-3.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.41%	61.81%	+10.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.41%	61.81%	+10.60%

CRPT vs. GOOX - Expense Ratio Comparison

CRPT has a 0.85% expense ratio, which is lower than GOOX's 1.05% expense ratio.

Dividends

CRPT vs. GOOX - Dividend Comparison

CRPT's dividend yield for the trailing twelve months is around 1.01%, more than GOOX's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF	1.01%	0.75%	1.84%	0.00%	0.03%	1.16%
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.27%	0.30%	16.78%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CRPT and GOOX in my portfolio?

CRPT and GOOX have a correlation of 0.29, 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 GOOX?

GOOX has higher volatility (26.36%) compared to CRPT (16.68%). In terms of maximum drawdown, CRPT dropped -88.34% vs GOOX's -52.46%.

Which ETF is better, CRPT or GOOX?

On 1-year performance, GOOX leads with 189.26% vs -47.83% for CRPT. On fees, CRPT is cheaper at 0.85% per year. On volatility, CRPT has been the lower-risk option at 16.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRPT or GOOX?

Over the 1-year period, GOOX has performed better with a 189.26% return vs -47.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRPT or GOOX?

CRPT is cheaper with a 0.85% expense ratio, compared with 1.05% for GOOX.

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

CRPT has the higher dividend yield at 1.01%, compared with 0.27% for GOOX.

What is the main difference between CRPT and GOOX?

CRPT is categorized as Technology Equities, while GOOX is Leveraged Equities. They also come from different issuers: First Trust and T-Rex. Their fees differ too: 0.85% for CRPT and 1.05% for GOOX.

Which has better risk-adjusted returns?

GOOX currently has the higher Sharpe Ratio (2.84 vs -0.87), 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.