CRPT vs. TECL

Last updated Jun 6, 2026

CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - CRPT is a Technology Equities fund actively managed by First Trust, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). CRPT is actively managed, while TECL is passively managed. Over the past 3 years, CRPT returned 35.58%/yr vs 66.22%/yr for TECL. A 0.58 correlation means they provide meaningful diversification when combined. CRPT charges 0.85%/yr vs 0.91%/yr for TECL.

Performance

CRPT vs. TECL - 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 Direxion Daily Technology Bull 3X Shares (TECL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRPT achieves a -18.52% return, which is significantly lower than TECL's 72.61% return.

CRPT

• 1D: -7.07%
• 1M: -22.25%
• YTD: -18.52%
• 6M: -26.99%
• 1Y: -37.52%
• 3Y*: 35.58%
• 5Y*: —
• 10Y*: —

TECL

• 1D: -19.93%
• 1M: 15.09%
• YTD: 72.61%
• 6M: 62.00%
• 1Y: 182.62%
• 3Y*: 66.22%
• 5Y*: 35.93%
• 10Y*: 50.09%

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

CRPT vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF	-18.52%	-9.54%	75.29%	193.86%	-80.84%	-8.07%
TECL Direxion Daily Technology Bull 3X Shares	72.61%	38.60%	36.15%	203.14%	-74.32%	42.94%

Correlation

The correlation between CRPT and TECL is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021	0.58

The correlation between CRPT and TECL shifts across timeframes, from 0.46 (3 years) to 0.58 (all time), reflecting how their relationship changes across market environments.

CRPT vs. TECL - Sectors Allocation Comparison

Sectors	CRPT	TECL
Financial Services	75.0%	-
Consumer Cyclical	19.0%	-
Technology	10.0%	20.4%
Communication Services	5.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Healthcare	-	-
Industrials	-	0.0%
Real Estate	-	-
Utilities	-	-

Return for Risk

CRPT vs. TECL — Risk / Return Rank

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

CRPT

CRPT Risk / Return Rank: 4
CRPT Sharpe Ratio Rank: 4
CRPT Sortino Ratio Rank: 4
CRPT Omega Ratio Rank: 4
CRPT Calmar Ratio Rank: 3
CRPT Martin Ratio Rank: 4

TECL

TECL Risk / Return Rank: 70
TECL Sharpe Ratio Rank: 87
TECL Sortino Ratio Rank: 59
TECL Omega Ratio Rank: 63
TECL Calmar Ratio Rank: 79
TECL Martin Ratio Rank: 64

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. TECL - 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 Direxion Daily Technology Bull 3X Shares (TECL). 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	TECL	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	2.80	-3.46
Sortino ratio: Return per unit of downside risk	-0.74	2.75	-3.49
Omega ratio: Gain probability vs. loss probability	0.91	1.38	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.67	3.95	-4.61
Martin ratio: Return relative to average drawdown	-1.16	11.27	-12.43
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. TECL - Sharpe Ratio Comparison

The current CRPT Sharpe Ratio is -0.65, which is lower than the TECL Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of CRPT and TECL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRPT	TECL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.65	2.80	-3.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.48	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.73	-0.84

Drawdowns

CRPT vs. TECL - Drawdown Comparison

The maximum CRPT drawdown since its inception was -88.34%, which is greater than TECL's maximum drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for CRPT and TECL.

Drawdown Indicators

	CRPT	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-88.34%	-77.96%	-10.38%
Max Drawdown (1Y) Largest decline over 1 year	-56.46%	-46.58%	-9.88%
Max Drawdown (3Y) Largest decline over 3 years	-56.46%	-66.58%	+10.12%
Max Drawdown (5Y) Largest decline over 5 years	—	-77.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.96%	—
Current Drawdown Current decline from peak	-52.71%	-25.87%	-26.84%
Average Drawdown Average peak-to-trough decline	-52.64%	-18.38%	-34.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.42%	16.27%	+16.15%

Volatility

CRPT vs. TECL - Volatility Comparison

The current volatility for First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) is 14.59%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 31.75%. This indicates that CRPT experiences smaller price fluctuations and is considered to be less risky than TECL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRPT	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.59%	31.75%	-17.16%
Volatility (6M) Calculated over the trailing 6-month period	46.15%	55.01%	-8.86%
Volatility (1Y) Calculated over the trailing 1-year period	57.80%	65.56%	-7.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.76%	74.60%	-1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.76%	72.63%	+0.13%

CRPT vs. TECL - Expense Ratio Comparison

CRPT has a 0.85% expense ratio, which is lower than TECL's 0.91% expense ratio.

Dividends

CRPT vs. TECL - Dividend Comparison

CRPT's dividend yield for the trailing twelve months is around 0.92%, less than TECL's 4.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF	0.92%	0.75%	1.84%	0.00%	0.03%	1.16%	0.00%	0.00%	0.00%	0.00%
TECL Direxion Daily Technology Bull 3X Shares	4.12%	7.19%	0.29%	0.28%	0.22%	0.32%	0.52%	0.25%	0.47%	0.10%

Frequently Asked Questions

Can I hold both CRPT and TECL in my portfolio?

CRPT and TECL have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRPT or TECL?

TECL has higher volatility (31.75%) compared to CRPT (14.59%). In terms of maximum drawdown, CRPT dropped -88.34% vs TECL's -77.96%.

Which ETF is better, CRPT or TECL?

On 3-year performance, TECL leads with 66.22% vs 35.58% for CRPT. On fees, CRPT is cheaper at 0.85% per year. On volatility, CRPT has been the lower-risk option at 14.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRPT or TECL?

Over the 3-year period, TECL has performed better with a 66.22% return vs 35.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRPT or TECL?

CRPT is cheaper with a 0.85% expense ratio, compared with 0.91% for TECL.

Which ETF pays a higher dividend yield, CRPT or TECL?

TECL has the higher dividend yield at 4.12%, compared with 0.92% for CRPT.

What is the main difference between CRPT and TECL?

CRPT is categorized as Technology Equities, while TECL is Leveraged Equities. They also come from different issuers: First Trust and Direxion. Their fees differ too: 0.85% for CRPT and 0.91% for TECL.

Which has better risk-adjusted returns?

TECL currently has the higher Sharpe Ratio (2.80 vs -0.65), 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.