CRPT vs. USFR
CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - CRPT is a Technology Equities fund actively managed by First Trust, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. CRPT is actively managed, while USFR is passively managed. Over the past 3 years, CRPT returned 34.64%/yr vs 4.72%/yr for USFR. At a correlation of -0.01, they often move in opposite directions. CRPT charges 0.85%/yr vs 0.15%/yr for USFR.
Performance
CRPT vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, CRPT achieves a -10.46% return, which is significantly lower than USFR's 1.78% return.
CRPT
- 1D
- -0.37%
- 1M
- -7.18%
- YTD
- -10.46%
- 6M
- -17.80%
- 1Y
- -37.29%
- 3Y*
- 34.64%
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.78%
- 6M
- 1.89%
- 1Y
- 3.97%
- 3Y*
- 4.72%
- 5Y*
- 3.70%
- 10Y*
- 2.43%
CRPT vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | -10.46% | -9.54% | 75.29% | 193.86% | -80.84% | -9.59% |
USFR WisdomTree Floating Rate Treasury Fund | 1.78% | 4.23% | 5.47% | 5.18% | 1.98% | -0.07% |
Correlation
The correlation between CRPT and USFR is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021 | -0.01 |
The correlation between CRPT and USFR shifts across timeframes, from -0.11 (1 year) to -0.01 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CRPT vs. USFR — Risk / Return Rank
CRPT
USFR
CRPT vs. USFR - 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 WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.30 | ||
| Sortino ratioReturn per unit of downside risk | -50.61 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 13.24 | -12.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 200.29 | -200.96 |
| Martin ratioReturn relative to average drawdown | -1.11 | 775.73 | -776.84 |
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Drawdowns
CRPT vs. USFR - Drawdown Comparison
The maximum CRPT drawdown since its inception was -88.34%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for CRPT and USFR.
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Drawdown Indicators
| CRPT | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.34% | -1.36% | -86.98% |
Max Drawdown (1Y)Largest decline over 1 year | -56.46% | -0.02% | -56.44% |
Max Drawdown (3Y)Largest decline over 3 years | -56.46% | -0.06% | -56.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -48.03% | 0.00% | -48.03% |
Average DrawdownAverage peak-to-trough decline | -52.56% | -0.15% | -52.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.71% | 0.01% | +33.70% |
Volatility
CRPT vs. USFR - Volatility Comparison
First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a higher volatility of 17.62% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that CRPT's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRPT | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.62% | 0.08% | +17.54% |
Volatility (6M)Calculated over the trailing 6-month period | 46.43% | 0.19% | +46.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.11% | 0.27% | +57.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.67% | 0.40% | +72.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.67% | 0.78% | +71.89% |
CRPT vs. USFR - Expense Ratio Comparison
CRPT has a 0.85% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
CRPT vs. USFR - Dividend Comparison
CRPT's dividend yield for the trailing twelve months is around 0.84%, less than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 0.84% | 0.75% | 1.84% | 0.00% | 0.03% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Floating Rate Treasury Fund | 3.91% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
CRPT and USFR have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRPT has higher volatility (17.62%) compared to USFR (0.08%). In terms of maximum drawdown, CRPT dropped -88.34% vs USFR's -1.36%.
On 3-year performance, CRPT leads with 34.64% vs 4.72% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CRPT has performed better with a 34.64% return vs 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 0.85% for CRPT.
USFR has the higher dividend yield at 3.91%, compared with 0.84% for CRPT.
CRPT is categorized as Technology Equities, while USFR is Government Bonds. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.85% for CRPT and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.65 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.
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