CRPT vs. IBIT
Compare and contrast key facts about First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) and iShares Bitcoin Trust (IBIT).
CRPT and IBIT 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. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CRPT or IBIT.
Correlation
The correlation between CRPT and IBIT is 0.78, 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. IBIT - Performance Comparison
Key characteristics
CRPT:
1.95
IBIT:
2.31
CRPT:
2.69
IBIT:
2.86
CRPT:
1.29
IBIT:
1.33
CRPT:
2.19
IBIT:
4.76
CRPT:
9.66
IBIT:
10.92
CRPT:
16.90%
IBIT:
11.99%
CRPT:
83.69%
IBIT:
56.78%
CRPT:
-88.34%
IBIT:
-27.51%
CRPT:
-26.09%
IBIT:
-5.99%
Returns By Period
In the year-to-date period, CRPT achieves a 15.21% return, which is significantly higher than IBIT's 7.62% return.
CRPT
15.21%
-9.25%
36.09%
165.60%
N/A
N/A
IBIT
7.62%
-5.99%
57.62%
133.88%
N/A
N/A
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CRPT vs. IBIT - Expense Ratio Comparison
CRPT has a 0.85% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Risk-Adjusted Performance
CRPT vs. IBIT — Risk-Adjusted Performance Rank
CRPT
IBIT
CRPT vs. IBIT - 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 iShares Bitcoin Trust (IBIT). 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. IBIT - Dividend Comparison
CRPT's dividend yield for the trailing twelve months is around 1.60%, while IBIT has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 1.60% | 1.84% | 0.00% | 0.03% | 1.16% |
IBIT iShares Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CRPT vs. IBIT - Drawdown Comparison
The maximum CRPT drawdown since its inception was -88.34%, which is greater than IBIT's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for CRPT and IBIT. For additional features, visit the drawdowns tool.
Volatility
CRPT vs. IBIT - Volatility Comparison
First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a higher volatility of 22.18% compared to iShares Bitcoin Trust (IBIT) at 15.77%. This indicates that CRPT's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.