CRPT vs. IBIT
CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - CRPT is a Technology Equities fund actively managed by First Trust, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. CRPT is actively managed, while IBIT is passively managed. Over the past year, CRPT returned -38.88% vs -39.82% for IBIT. Their correlation of 0.80 suggests significant overlap in exposure. CRPT charges 0.85%/yr vs 0.25%/yr for IBIT.
Performance
CRPT vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, CRPT achieves a -14.19% return, which is significantly higher than IBIT's -28.88% return.
CRPT
- 1D
- -4.17%
- 1M
- -11.05%
- YTD
- -14.19%
- 6M
- -19.90%
- 1Y
- -38.88%
- 3Y*
- 32.74%
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRPT vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | -14.19% | -9.54% | 84.85% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between CRPT and IBIT is 0.87, 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 | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.80 |
The correlation between CRPT and IBIT has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
CRPT vs. IBIT — Risk / Return Rank
CRPT
IBIT
CRPT vs. IBIT - 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 iShares Bitcoin Trust ETF (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.
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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.86 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | -0.77 | +0.08 |
| Martin ratioReturn relative to average drawdown | -1.15 | -1.30 | +0.15 |
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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 -52.11%. Use the drawdown chart below to compare losses from any high point for CRPT and IBIT.
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Drawdown Indicators
| CRPT | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.34% | -52.11% | -36.23% |
Max Drawdown (1Y)Largest decline over 1 year | -56.46% | -52.11% | -4.35% |
Max Drawdown (3Y)Largest decline over 3 years | -56.46% | — | — |
Current DrawdownCurrent decline from peak | -50.20% | -50.47% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -52.56% | -16.85% | -35.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.85% | 30.58% | +3.27% |
Volatility
CRPT vs. IBIT - Volatility Comparison
First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a higher volatility of 17.83% compared to iShares Bitcoin Trust ETF (IBIT) at 13.18%. 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.
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Volatility by Period
| CRPT | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.83% | 13.18% | +4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 46.61% | 34.64% | +11.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.13% | 44.31% | +13.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.66% | 50.22% | +22.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.66% | 50.22% | +22.44% |
CRPT vs. IBIT - Expense Ratio Comparison
CRPT has a 0.85% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
CRPT vs. IBIT - Dividend Comparison
CRPT's dividend yield for the trailing twelve months is around 0.88%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 0.88% | 0.75% | 1.84% | 0.00% | 0.03% | 1.16% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRPT and IBIT have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRPT has higher volatility (17.83%) compared to IBIT (13.18%). In terms of maximum drawdown, CRPT dropped -88.34% vs IBIT's -52.11%.
On 1-year performance, CRPT leads with -38.88% vs -39.82% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 13.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CRPT has performed better with a -38.88% return vs -39.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.85% for CRPT.
CRPT has the higher dividend yield at 0.88%, compared with 0.00% for IBIT.
CRPT is categorized as Technology Equities, while IBIT is Cryptocurrency. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.85% for CRPT and 0.25% for IBIT.
CRPT currently has the higher Sharpe Ratio (-0.67 vs -0.90), 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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