CRPT vs. MSTRX

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) and Morningstar Total Return Bond Fund (MSTRX).

CRPT is an actively managed fund by First Trust. It was launched on Sep 20, 2021. MSTRX is managed by Morningstar. It was launched on Nov 2, 2018.

Performance

CRPT vs. MSTRX - 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 Morningstar Total Return Bond Fund (MSTRX). The values are adjusted to include any dividend payments, if applicable.

CRPT vs. MSTRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF	-22.19%	-9.54%	75.29%	193.86%	-80.84%	-8.07%
MSTRX Morningstar Total Return Bond Fund	-1.01%	4.87%	1.75%	5.54%	-15.53%	-1.13%

Returns By Period

In the year-to-date period, CRPT achieves a -22.19% return, which is significantly lower than MSTRX's -1.01% return.

CRPT

• 1D: 0.34%
• 1M: -8.32%
• YTD: -22.19%
• 6M: -48.39%
• 1Y: -7.87%
• 3Y*: 34.21%
• 5Y*: —
• 10Y*: —

MSTRX

• 1D: -0.11%
• 1M: -1.88%
• YTD: -1.01%
• 6M: -0.81%
• 1Y: 1.52%
• 3Y*: 2.53%
• 5Y*: -0.82%
• 10Y*: —

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

CRPT vs. MSTRX - Expense Ratio Comparison

CRPT has a 0.85% expense ratio, which is higher than MSTRX's 0.55% expense ratio.

CRPT

First Trust SkyBridge Crypto Industry & Digital Economy ETF

MSTRX

Morningstar Total Return Bond Fund

Return for Risk

CRPT vs. MSTRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRPT

CRPT Risk / Return Rank: 12
CRPT Sharpe Ratio Rank: 9
CRPT Sortino Ratio Rank: 14
CRPT Omega Ratio Rank: 13
CRPT Calmar Ratio Rank: 11
CRPT Martin Ratio Rank: 11

MSTRX

MSTRX Risk / Return Rank: 26
MSTRX Sharpe Ratio Rank: 14
MSTRX Sortino Ratio Rank: 12
MSTRX Omega Ratio Rank: 10
MSTRX Calmar Ratio Rank: 58
MSTRX Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRPT vs. MSTRX - 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 Morningstar Total Return Bond Fund (MSTRX). 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	MSTRX	Difference
Sharpe ratio Return per unit of total volatility	-0.12	0.45	-0.57
Sortino ratio Return per unit of downside risk	0.29	0.66	-0.37
Omega ratio Gain probability vs. loss probability	1.03	1.08	-0.05
Calmar ratio Return relative to maximum drawdown	-0.07	1.50	-1.57
Martin ratio Return relative to average drawdown	-0.14	4.28	-4.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRPT vs. MSTRX - Sharpe Ratio Comparison

The current CRPT Sharpe Ratio is -0.12, which is lower than the MSTRX Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of CRPT and MSTRX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CRPT	MSTRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.12	0.45	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	0.32	-0.45

Correlation

The correlation between CRPT and MSTRX is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CRPT vs. MSTRX - Dividend Comparison

CRPT's dividend yield for the trailing twelve months is around 0.97%, less than MSTRX's 1.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF	0.97%	0.75%	1.84%	0.00%	0.03%	1.16%	0.00%	0.00%	0.00%
MSTRX Morningstar Total Return Bond Fund	1.98%	2.60%	4.02%	3.42%	2.50%	2.13%	4.93%	5.23%	0.29%

Drawdowns

CRPT vs. MSTRX - Drawdown Comparison

The maximum CRPT drawdown since its inception was -88.34%, which is greater than MSTRX's maximum drawdown of -20.97%. Use the drawdown chart below to compare losses from any high point for CRPT and MSTRX.

Drawdown Indicators

	CRPT	MSTRX	Difference
Max Drawdown Largest peak-to-trough decline	-88.34%	-20.97%	-67.37%
Max Drawdown (1Y) Largest decline over 1 year	-56.46%	-3.01%	-53.45%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.77%	—
Current Drawdown Current decline from peak	-54.84%	-7.30%	-47.54%
Average Drawdown Average peak-to-trough decline	-52.95%	-7.12%	-45.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.05%	1.06%	+25.99%

Volatility

CRPT vs. MSTRX - Volatility Comparison

First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a higher volatility of 15.06% compared to Morningstar Total Return Bond Fund (MSTRX) at 1.19%. This indicates that CRPT's price experiences larger fluctuations and is considered to be riskier than MSTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRPT	MSTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.06%	1.19%	+13.87%
Volatility (6M) Calculated over the trailing 6-month period	47.90%	2.81%	+45.09%
Volatility (1Y) Calculated over the trailing 1-year period	64.40%	4.90%	+59.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.49%	6.22%	+67.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.49%	5.68%	+67.81%