CRPT vs. MSTR
CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) is Technology Equities fund actively managed by First Trust, while MSTR (Strategy Inc) is a stock. Over the past 3 years, CRPT returned 29.08%/yr vs 40.79%/yr for MSTR. Their correlation of 0.84 suggests significant overlap in exposure.
Performance
CRPT vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, CRPT achieves a -23.98% return, which is significantly higher than MSTR's -43.84% return.
CRPT
- 1D
- -4.12%
- 1M
- -21.36%
- YTD
- -23.98%
- 6M
- -28.82%
- 1Y
- -48.39%
- 3Y*
- 29.08%
- 5Y*
- —
- 10Y*
- —
MSTR
- 1D
- -9.35%
- 1M
- -46.65%
- YTD
- -43.84%
- 6M
- -46.24%
- 1Y
- -78.05%
- 3Y*
- 40.79%
- 5Y*
- 9.18%
- 10Y*
- 17.71%
CRPT vs. MSTR - 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% |
MSTR Strategy Inc | -43.84% | -47.53% | 358.54% | 346.15% | -74.00% | -7.46% |
Correlation
The correlation between CRPT and MSTR is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021 | 0.84 |
The correlation between CRPT and MSTR has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
CRPT vs. MSTR — Risk / Return Rank
CRPT
MSTR
CRPT vs. MSTR - 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 Strategy Inc (MSTR). 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 | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.76 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.96 | +0.10 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.43 | +0.01 |
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Drawdowns
CRPT vs. MSTR - Drawdown Comparison
The maximum CRPT drawdown since its inception was -88.34%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for CRPT and MSTR.
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Drawdown Indicators
| CRPT | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.34% | -99.86% | +11.52% |
Max Drawdown (1Y)Largest decline over 1 year | -56.46% | -81.28% | +24.82% |
Max Drawdown (3Y)Largest decline over 3 years | -56.46% | -81.99% | +25.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -55.88% | -81.99% | +26.11% |
Average DrawdownAverage peak-to-trough decline | -52.56% | -86.44% | +33.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.19% | 54.71% | -20.52% |
Volatility
CRPT vs. MSTR - Volatility Comparison
The current volatility for First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) is 19.31%, while Strategy Inc (MSTR) has a volatility of 24.22%. This indicates that CRPT experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRPT | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.31% | 24.22% | -4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 47.13% | 58.95% | -11.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.61% | 73.06% | -14.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.71% | 90.71% | -18.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.71% | 74.00% | -1.29% |
Dividends
CRPT vs. MSTR - Dividend Comparison
CRPT's dividend yield for the trailing twelve months is around 0.99%, while MSTR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 0.99% | 0.75% | 1.84% | 0.00% | 0.03% | 1.16% |
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRPT and MSTR have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (24.22%) compared to CRPT (19.31%). In terms of maximum drawdown, CRPT dropped -88.34% vs MSTR's -99.86%.
CRPT currently has the higher Sharpe Ratio (-0.83 vs -1.07), 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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