GDLC vs. CRPT
GDLC (Grayscale CoinDesk Crypto 5 ETF) and CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF) are both exchange-traded funds - GDLC is a Cryptocurrency fund tracking the CoinDesk 5 Index, while CRPT is a Technology Equities fund actively managed by First Trust. GDLC is passively managed, while CRPT is actively managed. Over the past 3 years, GDLC returned 64.48%/yr vs 36.44%/yr for CRPT. A 0.72 correlation means they provide meaningful diversification when combined. GDLC charges 0.59%/yr vs 0.85%/yr for CRPT.
Performance
GDLC vs. CRPT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GDLC achieves a -28.93% return, which is significantly lower than CRPT's -12.52% return.
GDLC
- 1D
- -3.29%
- 1M
- -18.37%
- YTD
- -28.93%
- 6M
- -33.67%
- 1Y
- -33.81%
- 3Y*
- 64.48%
- 5Y*
- 2.21%
- 10Y*
- —
CRPT
- 1D
- -5.06%
- 1M
- -14.96%
- YTD
- -12.52%
- 6M
- -24.44%
- 1Y
- -35.09%
- 3Y*
- 36.44%
- 5Y*
- —
- 10Y*
- —
GDLC vs. CRPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GDLC Grayscale CoinDesk Crypto 5 ETF | -28.93% | 0.45% | 136.98% | 353.26% | -84.21% | -16.95% |
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | -12.52% | -9.54% | 75.29% | 193.86% | -80.84% | -8.07% |
Correlation
The correlation between GDLC and CRPT is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.72 |
The correlation between GDLC and CRPT shifts across timeframes, from 0.72 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GDLC vs. CRPT — Risk / Return Rank
GDLC
CRPT
GDLC vs. CRPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale CoinDesk Crypto 5 ETF (GDLC) and First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT). 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.
| GDLC | CRPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.92 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | -0.62 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.09 | -1.09 | 0.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GDLC | CRPT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.70 | -0.61 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | -0.09 | +0.39 |
Drawdowns
GDLC vs. CRPT - Drawdown Comparison
The maximum GDLC drawdown since its inception was -94.14%, which is greater than CRPT's maximum drawdown of -88.34%. Use the drawdown chart below to compare losses from any high point for GDLC and CRPT.
Loading charts...
Drawdown Indicators
| GDLC | CRPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.14% | -88.34% | -5.80% |
Max Drawdown (1Y)Largest decline over 1 year | -52.91% | -56.46% | +3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -52.91% | -56.46% | +3.55% |
Max Drawdown (5Y)Largest decline over 5 years | -94.14% | — | — |
Current DrawdownCurrent decline from peak | -54.28% | -49.23% | -5.05% |
Average DrawdownAverage peak-to-trough decline | -52.73% | -52.64% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.04% | 32.12% | -1.08% |
Volatility
GDLC vs. CRPT - Volatility Comparison
The current volatility for Grayscale CoinDesk Crypto 5 ETF (GDLC) is 9.78%, while First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a volatility of 13.33%. This indicates that GDLC experiences smaller price fluctuations and is considered to be less risky than CRPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GDLC | CRPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.78% | 13.33% | -3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 36.66% | 46.03% | -9.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.54% | 57.71% | -9.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.43% | 72.75% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.91% | 72.75% | +21.16% |
GDLC vs. CRPT - Expense Ratio Comparison
GDLC has a 0.59% expense ratio, which is lower than CRPT's 0.85% expense ratio.
Dividends
GDLC vs. CRPT - Dividend Comparison
GDLC has not paid dividends to shareholders, while CRPT's dividend yield for the trailing twelve months is around 0.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 0.86% | 0.75% | 1.84% | 0.00% | 0.03% | 1.16% |
GDLC Grayscale CoinDesk Crypto 5 ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GDLC and CRPT have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRPT has higher volatility (13.33%) compared to GDLC (9.78%). In terms of maximum drawdown, GDLC dropped -94.14% vs CRPT's -88.34%.
On 3-year performance, GDLC leads with 64.48% vs 36.44% for CRPT. On fees, GDLC is cheaper at 0.59% per year. On volatility, GDLC has been the lower-risk option at 9.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDLC has performed better with a 64.48% return vs 36.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDLC is cheaper with a 0.59% expense ratio, compared with 0.85% for CRPT.
CRPT has the higher dividend yield at 0.86%, compared with 0.00% for GDLC.
GDLC is categorized as Cryptocurrency, while CRPT is Technology Equities. They also come from different issuers: Grayscale and First Trust. Their fees differ too: 0.59% for GDLC and 0.85% for CRPT.
CRPT currently has the higher Sharpe Ratio (-0.61 vs -0.70), 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.
Find the right allocation for GDLC and CRPT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer