CRPT vs. MSTRX
CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) and MSTRX (Morningstar Total Return Bond Fund) are both funds - CRPT is a Technology Equities fund actively managed by First Trust, while MSTRX is a Intermediate Core Bond fund managed by Morningstar. Over the past 3 years, CRPT returned 14.07%/yr vs 2.91%/yr for MSTRX. At a 0.11 correlation, their price movements are largely independent. CRPT charges 0.85%/yr vs 0.55%/yr for MSTRX.
Performance
CRPT vs. MSTRX - Performance Comparison
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Returns By Period
In the year-to-date period, CRPT achieves a -23.76% return, which is significantly lower than MSTRX's -0.48% return.
CRPT
- 1D
- -2.03%
- 1M
- -16.17%
- 6M
- -37.26%
- YTD
- -23.76%
- 1Y
- -54.33%
- 3Y*
- 14.07%
- 5Y*
- —
- 10Y*
- —
MSTRX
- 1D
- -0.11%
- 1M
- -0.22%
- 6M
- -0.70%
- YTD
- -0.48%
- 1Y
- 2.47%
- 3Y*
- 2.91%
- 5Y*
- -1.19%
- 10Y*
- —
CRPT vs. MSTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | -23.76% | -9.54% | 75.29% | 193.86% | -80.84% | -9.59% |
MSTRX Morningstar Total Return Bond Fund | -0.48% | 4.87% | 1.75% | 5.54% | -15.53% | -1.13% |
Correlation
The correlation between CRPT and MSTRX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021 | 0.11 |
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Return for Risk
CRPT vs. MSTRX — Risk / Return Rank
CRPT
MSTRX
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.
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 | MSTRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.13 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 0.99 | -1.96 |
| Martin ratioReturn relative to average drawdown | -1.51 | 2.40 | -3.92 |
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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.
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Drawdown Indicators
| CRPT | MSTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.34% | -20.97% | -67.37% |
Max Drawdown (1Y)Largest decline over 1 year | -55.99% | -3.06% | -52.93% |
Max Drawdown (3Y)Largest decline over 3 years | -56.46% | -6.67% | -49.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.77% | — |
Current DrawdownCurrent decline from peak | -55.76% | -6.81% | -48.95% |
Average DrawdownAverage peak-to-trough decline | -52.58% | -7.10% | -45.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.50% | 1.21% | +35.29% |
Volatility
CRPT vs. MSTRX - Volatility Comparison
First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a higher volatility of 14.96% compared to Morningstar Total Return Bond Fund (MSTRX) at 1.13%. 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.
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Volatility by Period
| CRPT | MSTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.96% | 1.13% | +13.83% |
Volatility (6M)Calculated over the trailing 6-month period | 46.77% | 2.74% | +44.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.69% | 4.10% | +54.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.44% | 6.26% | +66.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.44% | 5.63% | +66.81% |
CRPT vs. MSTRX - Expense Ratio Comparison
CRPT has a 0.85% expense ratio, which is higher than MSTRX's 0.55% expense ratio.
Dividends
CRPT vs. MSTRX - Dividend Comparison
CRPT's dividend yield for the trailing twelve months is around 0.99%, less than MSTRX's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 0.99% | 0.75% | 1.84% | 0.00% | 0.03% | 1.16% | 0.00% | 0.00% | 0.00% |
MSTRX Morningstar Total Return Bond Fund | 2.82% | 2.60% | 4.02% | 3.42% | 2.50% | 2.13% | 4.93% | 5.23% | 0.29% |
Frequently Asked Questions
CRPT and MSTRX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRPT has higher volatility (14.96%) compared to MSTRX (1.13%). In terms of maximum drawdown, CRPT dropped -88.34% vs MSTRX's -20.97%.
MSTRX currently has the higher Sharpe Ratio (0.74 vs -0.93), 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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