CRPT vs. WNTR
CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - CRPT is a Technology Equities fund actively managed by First Trust, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, CRPT returned -47.83% vs 107.38% for WNTR. Their -0.82 correlation means they have often moved in opposite directions in the past. CRPT charges 0.85%/yr vs 1.00%/yr for WNTR.
Performance
CRPT vs. WNTR - Performance Comparison
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Returns By Period
In the year-to-date period, CRPT achieves a -25.52% return, which is significantly lower than WNTR's 10.75% return.
CRPT
- 1D
- -3.54%
- 1M
- -8.13%
- 6M
- -26.74%
- YTD
- -25.52%
- 1Y
- -47.83%
- 3Y*
- 15.05%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -9.95%
WNTR
- 1D
- 3.26%
- 1M
- 8.13%
- 6M
- 14.92%
- YTD
- 10.75%
- 1Y
- 107.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 47.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.58M | $1.12M | $1.35M | |
| $4.02M | $3.86M | $3.95M |
CRPT vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | -25.52% | 9.32% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 10.75% | 52.78% |
Correlation
The correlation between CRPT and WNTR is -0.86, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.86 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.82 |
The correlation between CRPT and WNTR has been stable across timeframes, ranging from -0.86 to -0.82 - a consistent structural relationship.
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Return for Risk
CRPT vs. WNTR — Risk / Return Rank
CRPT
WNTR
CRPT vs. WNTR - 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 YieldMax MSTR Short Option Income Strategy ETF (WNTR). 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 | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.99 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.32 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 2.71 | -3.65 |
| Martin ratioReturn relative to average drawdown | -1.44 | 6.87 | -8.30 |
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Drawdowns
CRPT vs. WNTR - Drawdown Comparison
The maximum CRPT drawdown since its inception was -88.34%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for CRPT and WNTR.
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Drawdown Indicators
| CRPT | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.34% | -42.65% | -45.69% |
Max Drawdown (1Y)Largest decline over 1 year | -55.40% | -42.65% | -12.75% |
Max Drawdown (3Y)Largest decline over 3 years | -56.62% | — | — |
Current DrawdownCurrent decline from peak | -56.77% | -9.64% | -47.13% |
Average DrawdownAverage peak-to-trough decline | -52.60% | -20.18% | -32.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.32% | 16.81% | +19.51% |
Volatility
CRPT vs. WNTR - Volatility Comparison
First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a higher volatility of 16.68% compared to YieldMax MSTR Short Option Income Strategy ETF (WNTR) at 14.85%. This indicates that CRPT's price experiences larger fluctuations and is considered to be riskier than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRPT | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.68% | 14.85% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 47.05% | 47.43% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.08% | 54.68% | +5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.41% | 53.42% | +18.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.41% | 53.42% | +18.99% |
CRPT vs. WNTR - Expense Ratio Comparison
CRPT has a 0.85% expense ratio, which is lower than WNTR's 1.00% expense ratio.
Dividends
CRPT vs. WNTR - Dividend Comparison
CRPT's dividend yield for the trailing twelve months is around 1.01%, less than WNTR's 107.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 1.01% | 0.75% | 1.84% | 0.00% | 0.03% | 1.16% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 107.02% | 58.56% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRPT and WNTR have a correlation of -0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRPT has higher volatility (16.68%) compared to WNTR (14.85%). In terms of maximum drawdown, CRPT dropped -88.34% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 107.38% vs -47.83% for CRPT. On fees, CRPT is cheaper at 0.85% per year. On volatility, WNTR has been the lower-risk option at 14.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WNTR has performed better with a 107.38% return vs -47.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CRPT is cheaper with a 0.85% expense ratio, compared with 1.00% for WNTR.
WNTR has the higher dividend yield at 107.02%, compared with 1.01% for CRPT.
CRPT is categorized as Technology Equities, while WNTR is Derivative Income. They also come from different issuers: First Trust and YieldMax. Their fees differ too: 0.85% for CRPT and 1.00% for WNTR.
WNTR currently has the higher Sharpe Ratio (2.12 vs -0.87), 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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