ICRC vs. IPDP

Last updated Jul 17, 2026

ICRC (Bitwise CRCL Option Income Strategy ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. ICRC charges 0.98%/yr vs 1.52%/yr for IPDP.

Performance

ICRC vs. IPDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise CRCL Option Income Strategy ETF (ICRC) and Dividend Performers ETF (IPDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ICRC

• 1D: -5.84%
• 1M: -17.98%
• 6M: -28.19%
• YTD: -29.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ICRC vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
ICRC Bitwise CRCL Option Income Strategy ETF	-0.50%
IPDP Dividend Performers ETF	0.00%

Return for Risk

ICRC vs. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise CRCL Option Income Strategy ETF (ICRC) and Dividend Performers ETF (IPDP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	ICRC	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-55.87%	—	—
Current Drawdown Current decline from peak	-55.87%	—	—
Average Drawdown Average peak-to-trough decline	-34.84%	—	—

Volatility

Volatility by Period

	ICRC	IPDP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	68.27%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.27%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.27%	—	—

ICRC vs. IPDP - Expense Ratio Comparison

ICRC has a 0.98% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

ICRC vs. IPDP - Dividend Comparison

ICRC's dividend yield for the trailing twelve months is around 60.19%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025
ICRC Bitwise CRCL Option Income Strategy ETF	60.19%	17.79%
IPDP Dividend Performers ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, ICRC or IPDP?

On fees, ICRC is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ICRC or IPDP?

ICRC is cheaper with a 0.98% expense ratio, compared with 1.52% for IPDP.

Which ETF pays a higher dividend yield, ICRC or IPDP?

ICRC has the higher dividend yield at 60.19%, compared with 0.00% for IPDP.

What is the main difference between ICRC and IPDP?

They also come from different issuers: Bitwise and Innovative Portfolios. Their fees differ too: 0.98% for ICRC and 1.52% for IPDP.